Sensex drops over 200 points in early trade; Nifty tests 14,450
PTI
Mumbai |
Updated on
However, no large-scale lockdown is being seen by the market as a relief
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank and M&M amid negative cues from domestic and global markets.
After opening over 200 points higher, the 30-share BSE index reversed all its gains to trade 216.73 points or 0.45 per cent lower at 48,327.33.
Similarly, the broader NSE Nifty slipped 62.55 points or 0.43 per cent to 14,442.25.
Infosys was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement and ICICI Bank.
jobs last month according to payroll processer adp. that was fewer than expected. the government s closely watched employment report due out friday. and the fed s latest beige book survey says economic conditions are improving in most of the central bank s 12 districts. i m ready to crack like nobody s watching. why? because it s red lobster s crabfest. and there s so much crab, so many ways. and with dishes like this luscious crab lover s dream or savory snow crab bake.
correspondent sharon epperson with us today. how did today turn out for the markets? heck of a roller coaster over a few weeks. we are on the climb up now going into the close and two weeks ahead of the federal reserve s meeting on whether or not to hike interest rates and the favorable outlook on the u.s. economy from the central bank in terms of its beige book survey is really when s helped stocks over the last couple of hours here. we are looking at that indication that we re seeing some expansion in housing and auto sales and oil is slammed and we are seeing falling oil prices over the last several weeks and seen a slow down in china and the news is lifting stocks higher on wall street and not enough for yesterday s plunge. the dow is up triple digits. the nasdaq up, as well. crude oil started lower and then finished up 84 cents a barrel higher and all it despite stockpiles of unused crude oil,
reaction from sxerperp exper hold your breath. what story was searched more than any other this year? it was the launch of the iphone 5. we have our priorities straight apparently. that is your morning dish of scrambled politics. here is how wall street will kick off the day. the dow felt 89, s&p because down 7, nasdaq lost 9. taking a look at overseas, markets down also. in tokyo, the nikkei dropped 114, in hong kong the hang seng fell 135. so it was a lack of progress on fiscal cliff talks that stalled stocks tuesday. so today we ll have to see what happens when goldman sachs ceo lloyd blankfein, brian roberts, and marissa mayer jin other corporajoin other corporate execs at a meeting with the president. the beige book survey will be released.
talks offered no new debt solutions. today the fed releases its beige book survey as speculation swirls over whether it will step in with another round of stimulus. a possibility the wall street journal reports is back on the table. among market movers, jcpenney fell 4% after its ceo said his new pricing strategy confused customers. today the nasdaq will reveal how it plans to compensate firms that lost an estimated $100 million in that botched facebook ipo. speaking of facebook, yesterday facebook hit a new low after falling nearly 4%. government-backed mortgage giant, fannie mae has appointed its top lawyer to rae place its outgoing ceo. in washington, senate republicans blocked a democratic bill calling for equal pay in the workplace, saying the protection for woman already exists. and that the bill would only create more paperwork for the government. and finally on a more proactive side, italy is trying to revamp the face of its boardrooms with so-called pink