S&P 500 hits 1 month low - Nirmal Bang

U.S. stocks fell, sending the S&P's 500 Index to a one-month low, as jobs and factory data missed estimates and investors speculated whether the Fed Reserve will taper bond purchases.

Asian stocks outside Japan fell after U.S. jobs and factory data missed estimates and investors speculated whether the Fed Reserve will scale back bond purchases. Japanese shares swung betweens gains and losses.

Sensex snapped its losing streak and closed in the positive terrain after three trading sessions on Wed led by gains in Reliance Industries, ONGC and Sun Pharmaceuticals. According to analysts, the market is likely to consolidate near current levels and take cues from monsoon, rupee movement and global cues for direction. Market is expected to open on a lower note and remain under pressure during the day.

Source : Equity Bulls

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