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Daily Trends Now


Sensex loses 3300-mark ahead of US Fed meet

Sensex loses 3300-mark ahead of US Fed meet

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,876.48 points, traded at 32,826.94 points (9.25 a.m.) - down 96.18 points or 0.29 per cent - from its previous session's close.

THE BSE Sensex on Friday dived nearly 510 points - its biggest single-day fall since Feb 6 - to close at 33,176 due to a major sell-off amid global trade worries and political concerns after the TDP quit the NDA and moved a no-confidence notice against the Government. The National Stock Exchange (NSE) benchmark index Nifty shed 45 points to touch 10,049 on the downside.

Tata Steel, Adani Ports, Tata Motors and Infosys were among the top gainers, rising up to 3 percent. All the sectoral indices led by metal, oil & gas, energy, PSU, power and banking ended in the negative zone with losses of up to 2.30 per cent.

Losses in ONGC, ICICI Bank, Yes Bank, RIL, HDFC Bank, Kotak Mahindra Bank, Coal India, NTPC, M&M, IndusInd Bank and ITC capped the gains.




Globally, there was a mixed trend in Asia coupled with a higher opening in European markets as participants braced for new Federal Reserve chairman Powell's first policy meeting. The US central bank has forecast three rate increases for this year, but there are also expectations that it will raise its projection to four hikes at the meeting. Shanghai Composite Index was down by 0.26 percent in their early deals.

USA stocks joined a broad decline in global equity markets on Monday as traders turned cautious ahead of the Federal Reserve's policy meeting this week and amid continuing concerns about the threat of a global trade war.

Mumbai: The Sensex on Monday tumbled 253 points and slid below the 33000-mark as a combination of global and domestic factors pulled down the BSE bellwether for the fifth straight session.

MSCI's main 47-country world stock index fell 1.1 percent in afternoon trading after European stocks dipped and benchmark US indexes declined.

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