Sensex Opens Lower Ahead Of US Fed Decision

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices opened the day lower as Asian markets fell ahead of the conclusion of the 2-day US Fed meet, which is likely to throw light on the direction of interest rate movement in the US.

    Most of the Asian markets were trading lower ahead of the Fed outcome. The Chinese Shanghai Composite, the Hong Kong's Hang Sang and the Korean Kospi were all trading with losses. Banking shares saw huge losses with Axis Bank slumping a huge 6 per cent in trade. ICICI Bank, Yes Bank and IndusInd were the other losers.

    Sensex Opens Lower Ahead Of US Fed Decision
    Indices
    Shares in Ambuja Cements was marginally lower ahead of its results due later today. Bharti Airtel was higher after the company sold its 700 towers in Burkina Faso to Eaton Towers.
     

    IDBI Bank surged in a falling market after the government said that it would lower its stake in the bank. The stock was up almost 2 per cent in trade.

    Bajaj Auto was once again among the gainers after the two-wheeler maker launched a family of cruiser bikes under the Avenger brand.

    Eros International Media which has seen a sustained drop in its share price, since a sharp fall in the parent company's share price was up 2 per cent in trade.

    Meanwhile, the rupee edged past the 65 levels and was last trading at 65.02 to the dollar.

    GoodReturns.in

    Read more about: sensex nifty eros
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more