Sensex, on Friday, closed 63 points down at
30188. Among sectors, Power, Banks and Consumer durables lost over 0.8% to 1.0% all.
Among stocks, ICICI Bank, Axis Bank and Asian Paints lost in excess of 1.2% to
3.0% each. Stock Market breadth was negative with 1845 declines against 940
advances.
Nifty closed 22 points down at 9,401. Today, we
expect stock markets to open on a
positive note on the back of positive global cues.
US Markets closed on a mixed note. Dow closed
0.1% down while Nasdaq closed 0.1% up, as April Consumer prices and retail sales
information reinforced outlook for tepid economic growth. Today, US markets will
see data releases on Empire state manufacturing Index and TIC Long term
purchases. Get Stock Cash Tips
Asian markets are trading on a mixed note; Nikkei
is trading 0.2% down and Hang Seng is trading 0.5% up. SGX Nifty is trading 30
points higher at 9,448. Indian ADRs ended the day on a mixed note. Among
financial ADRs, ICICI Bank closed 0.1% lower, while HDFC Bank closed 0.8%
higher. Among IT ADRs, Wipro advanced 0.4% and Infosys closed 0.1% higher. Tata
Motors ADR closed 0.3% up.
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Shares of Prestige Estates ProjectsBSE 3.16 % surged over 3 per cent on Wednesday on reports that the company is looking to raise funds by divesting stake across its business verticals, starting with the commercial and retail portfolios.Equity tips
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