Tuesday, June 1, 2010

Share to win ~ Sensex ends 372 pts lower on global cues

Posted on Tuesday, June 01, 2010 by share4win | 1 comment
The benchmark Nifty snapped four-day winning streak and closed below the psychological 5000-mark. The sell-off across global markets and fall in commodities along with currencies hammered the Sensex to shed 400 points in intraday trade.

Global markets fell and the euro slipped close to a four-year low against the dollar as expectations that slowing growth in China and the euro zone would hamper the global economic recovery hit risky assets.

European markets like CAC, DAX and FTSE were trading 2% lower on doubts of economic recovery. British Petroleum tumbled 15% after its attempt to plug a disastrous oil leak in the Gulf of Mexico failed.
Asian markets closed 0.6-1.4% lower; only Jakarta fell 2.6%. The Dow and Nasdaq futures were trading more than 1% down, at the time of closing of Indian equities.

The 50-share NSE Nifty closed at 4,970.20, down 116.10 points or 2.28% and the 30-share BSE Sensex fell 372.60 points or 2.2% to settle at 16,572.03. The Nifty June future ended at 30 points discount, as per provisional data.

All sectoral indices witnessed selling pressure; the metal saw huge profit booking on sell-off in commodities. Respective Index was down nearly 4%. Realty, Bank and Oil & Gas indices declined 2.5-3%.

Regards,
Share to win

http://sharetowin.blogspot.com/

1 comment:

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