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Intraday Key benchmark indices hovered in negative terrain in early trade. Losses on the bourses were small. The S&P BSE Sensex was currently down 20.76 points or 0.07% at 28,317.29. The market breadth indicating the overall health of the market was positive. Indian stocks may remain volatile in the near future as traders roll over positions in the futures & options (F&O) segment from November 2014 series to December 2014 series. The November 2014 derivatives contracts expire tomorrow, 27 November 2014.
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Intraday Key benchmark indices hovered in negative terrain in early trade. Losses on the bourses were small. The S&P BSE Sensex was currently down 20.76 points or 0.07% at 28,317.29. The market breadth indicating the overall health of the market was positive. Indian stocks may remain volatile in the near future as traders roll over positions in the futures & options (F&O) segment from November 2014 series to December 2014 series. The November 2014 derivatives contracts expire tomorrow, 27 November 2014.
Today Benchmark indices opened weak Wednesday, with
the Sensex down around 40 points to 28298 and the Nifty down 18 points to 8845.
Brokers said investors were wary of buying at current levels because of
expensive valuations. Also, the latest round of Sebi restrictions on
participatory note investments could hurt FII inflows near term, they said.
ITC shares were up around 2 percent to Rs 362 even as the government has accepted the recommendation of an expert panel to ban sale of loose cigarettes, and has moved a Cabinet note to tweak the anti-tobacco law. Siemens shares were down around 1 percent to Rs 911 after the company Tuesday reported weak earnings for the June quarter. Banking shares were under pressure in early trade, with the Bank Nifty down around 140 points to 17896.
ITC shares were up around 2 percent to Rs 362 even as the government has accepted the recommendation of an expert panel to ban sale of loose cigarettes, and has moved a Cabinet note to tweak the anti-tobacco law. Siemens shares were down around 1 percent to Rs 911 after the company Tuesday reported weak earnings for the June quarter. Banking shares were under pressure in early trade, with the Bank Nifty down around 140 points to 17896.
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