Stock Markets

Nifty Has Resistance At 4083 - 4131: Abhishek Jain, StocksIdea.com


After opening with a gain of 45.66 points, at 13,803.12 on Friday, the Sensex ended the day on a weak note led by oil & gas, power, capital goods and realty stocks.

However, IT stocks managed to trade in the positive terrain.

During the first half, the stocks witnessed a sea-saw trend, and the Sensex hit an intraday high of 13,897.19. Later, the index fell into the negative zone in the second half owing to heavy selling action pressure across index heavyweight and touched a low of 13,418.39 during the low.




Sensex loses 253 pts on domestic concerns

After exhibiting sea-saw movement, the domestic market finally nosedived during final trading hours to close in red terrain.

The weakness in market, mainly witnessed due to severe selling pressure led by concerns over the economy and poor monsoons.

The BSE Sensex closed lower by 253.24 points or (1.84%) at 13,504.22 while NSE Nifty ended down by 77.05 points or (1.89%) at 4,003.90. The BSE Sensex touched intraday high of 13,897.19 and intraday low of 13,418.39.


Thai stocks down 2.74 per cent on profit-taking

Bangkok - Thai shares lost 2.74 per cent in value Friday on a wave of profit-taking, prompted in part by worries about political instability, analysts said.

The Stock Exchange of Thailand (SET) index ended at 566.03, down 15.96 points or 2.74 per cent.

"Institutional investors were selling, which prompted local investors to take profits while they could," Asia Plus Securities analyst Daechakorn Larpudomsuk said.

"Also there are worries about more political instability in coming weeks," he added.



Yen's continued strength sends Tokyo market lower

Tokyo - The Tokyo market saw its eighth-straight day of losses Friday as the yen's strength sent exporters' stocks down.

The Nikkei 225 Stock Average edged down 3.78 points, or 0.04 per cent, to close at 9,287.28.

The broader-based Topix index was also down 1.41 points, or 0.16 per cent, at 872.5.

For the week, the Nikkei fell 5.39 per cent, and the Topix declined 5.23 per cent.


World Market Watch: Nirmal Bang Securities

Most Asian stocks fell, putting the MSCI Asia Pacific Index on course for its second week of declines, as economists Nouriel Roubini and Robert Shiller warned of a prolonged economic slowdown. Mining companies, gained as copper and oil prices climbed in New York.

Leaders of the world's biggest developed and emerging nations avoided a debate over the dollar's role in the global economy as they agreed not to devalue their currencies to promote their exports.