Thursday 20 September 2018

Stock Market News for 20th September

Indian Stock markets are closed on 20th September today on account of Muharram. trading will resume tomorrow. Wednesday’s trade closed on a lower note due to a heavy sell-off across FMCG, media and realty sectors.

The BSE Sensex closed lower by 169.45 points, or 0.45%, at 37,121.22 points. The Nifty 50 index of the National Stock  Exchange fell by 44.55 points or 0.39% to close at 11,234.35 points.
nine of the eleven sectoral indices on NSE concluded in red with Nifty media, Nifty FMCG and Nifty Realty leading the losses.
Indian equity benchmarks Sensex and Nifty gave up gains to close with significant cuts on Wednesday. The 30-pack Sensex closed 169.45 points, or 0.45 per cent, lower at 37,121, while the Nifty fell 44.50 points, or 0.39 per cent, to 11,234. The market breadth was negative, as 978 shares advanced against a decline of 1,667 shares, while 186 shares ended unchanged.

Asian stocks rose in early trade on thursday following second day of gains on global share markets amid easing investor concern over the impact from the U.S.China trade war, but markets remained cautious, as per Reuters report. Oil rose for a third day on Thursday amid another drawdown in U.S. inventories and strong U.S. gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also supported prices.
The equity benchmarks has a volatile day, with the Nifty giving up the 11,250 mark in banking, auto and FMCG shares. Selling pressure in mid caps also weighed on the indices.

The Nifty Midcap index ended around a per cent lower.In Singapore market Nifty futures traded with smart gains on Thursday morning, signalling a positive mood swing for Dalal Street. At 8 am on Thursday, SGX Nifty traded 38 points, or 0.34 per cent, higher at 11,311.

In overnight trade on Wall Street, US stocks closed mostly higher on Wednesday, with the S&P500 and the Dow logging decent gains.

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