Sensex declines 41 points on Monday - Ventura

Sensex, on Monday, declined by 41 points and closed at 18,878, on emergence of profit-booking by funds mainly in metal and realty sector stocks amid a weak global trend. Among the stocks, Hindalco, JSPL and Sterlite were the ones which declined the most while among sector indices, Realty, Metal and CD ended on a negative note. Market breadth was negative with 860 advances against 1,958 declines.

Nifty was down by 21 points and closed at 5,699. Today we expect the markets to open on a positive note on the back of firm global cues.

US markets ended on a positive note with Dow Jones and Nasdaq up by 0.3% and 0.4% respectively, on the back of speculation that the Federal Reserve will continue stimulus measures which overshadowed concern over spending cuts and China's economy. Today, US markets will witness data releases on ISM non manufacturing PMI.

Asian markets are trading positive with Nikkei and Hang Seng up by 1.0% and 0.5% respectively. SGX Nifty is trading up by 10 points at 5,722. Indian ADRs ended on a mixed note. Among financial ADRs, ICICI Bank was up by 0.7% and HDFC Bank was down by 1.1%. Among IT ADRs, Wipro and Infosys were down by 0.4% and 0.7% respectively. Tata Motors was up by 0.1%.

Source : Equity Bulls

Keywords