Thursday, 4 September 2014

Markets open lower; global markets weigh

Markets have opened on a lower note after investors booked profits at higher levels weighed down by Infosys, Tata Motors and ONGC. In addition, weakness in the Asian markets has dampened the sentiments of the market participants.
By 9:20, the Sensex is lower by 13 points at 27,127 mark and the Nifty has slipped by 10 points at 8,105 mark.
Among the broader markets, BSE Mid-cap and Small-cap indices are trading flat.
The market breadth in BSE remains marginally positive with 426 shares advancing and 310 shares declining.
Global Markets:
On the global front, Asian shares pared early gains and are trading lower. The benchmark Nikkei is down 0.3%, while the Hang Seng is down 0.2%. Chinese shares are trading marginally up by 0.1% while Singapore's Straits Times is trading marginally lower by 0.3%.
Stocks on wall Street ended higher on Wednesday but the tech-laden Nasdaq ended lower weighed down by Apple shares. Investors also turned cautious ahead of the ECB meeting on Thursday.
The Dow Jones ended up 0.06% at 17,078.28, the broader S&P 500 closed 0.08% down at 2,000.73 and the tech-laden Nasdaq ended down 0.56% at 4,572.57.

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