MARKETS LIVE: Sensex, Nifty snap 6-day winning streak on North Korea woes
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SI Reporter |
New Delhi
Last Updated at September 15, 2017 09:44 IST
The benchmark indices opened lower after
North Korea fired another
missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.
The launch happened early on Friday after US
markets had been shut for the day. Reacting to the development, Asian
markets opened lower, while
US stock futures also dropped.
Overnight, the Dow Jones Industrial Average had hit another record high before the
North Korea news came in. On the other hand, The S&P 500 and Nasdaq moved lower after a Labor Department report showed consumer prices rose more than expected in August, boosting the odds of another interest rate hike this year.
The consumer price index’s (CPI) 0.4% gain last month was its biggest in seven months and is the last major economic data to be released ahead of the Federal Reserve’s September 19-20 policy meeting.
9:44 AM Buzzing stock
Auto Parts and Equipment company Asahi India Glass rallied over 3% to Rs 419 after the company clarified to BSE that the news reports claiming that the Japanese promoter is likely to buy a controlling stake in th company are "completely untrue and baseless".
9:34 AM
Nifty outlook by Angel Broking
The kind of activity we are observing since last couple of days is quite obvious as traders seemed a bit unsure whether the market has the strength to cross record highs or not. Hence, the next round of momentum in the upward direction is possible only after surpassing this hurdle. Until then we are likely to witness similar kind of uncertainty in a range of 10,000-10,138 with slightly higher volatility.
At present, one needs to closely keep a track of these important levels on the index and meanwhile, keep focusing on individual stocks in order to obtain better trading opportunities.
9:27 AM Sectoral trend
Among NSE indices, all but Nifty IT was trading in red.
Source: NSE
9:25 AM Sensex heatmap at open
Source: BSE
9:22 AM
Broader markets flat
Broader markets remained little changed with the BSE Midcap and the BSE Smallcap indices trading on the flat line.
9:21 AM
Markets at open
At 9:20 am, the Sensex was trading at 32,205, down 36 points, while the broader Nifty50 was ruling at 10,072, down 14 points.
9:12 AM
Stocks in news
Tata Teleservices, HDFC, Wipro, ICICI Bank, Maruti Suzuki, Sun TV, Tata Steel etc
9:05 AM
Pre-open trade
The Sensex was trading at 32,237, down 4 points, while the broader Nifty50 was ruling at 10,058, down 28 points in pre-open trade.
9:02 AM
Today's picks
Devangshu Datta on Nifty, Bank Nifty, Infoys, Mahindra & Mahindra and Vedanta.
READ MORE HERE9:01 AM
Technical calls by Prabhudas Lilladher
8:59 AM
Derivative Strategy on IDFC
8:57 AM
Gold prices rise
Gold prices rose to pull further away from a two-week low, after North Korea fired another missile over Japan, triggering the latest round of safe-haven buying in markets while weighing on the dollar.
Spot gold was up 0.3% to $1,333.06 an ounce after dropping to its lowest since August 31 at $1,315.71 in the previous session. U.S. gold futures for December delivery gained 0.6% to $1,337.40 an ounce.
8:55 AM
Asian markets open lower
Asian markets were trading lower. Japan's Nikkei were almost flat while South Korea's Kospi and Australia's main index both dipped 0.3%. MSCI’s Asia-Pacific share index excluding Japan was down 0.1%. China's Shanghai Composite and Hong Kong's Hang Seng indices were down 0.3% and 0.5%, respectively.
8:50 AM
US stock futures drop
US stock futures dipped and the yen rose after North Korea fired another missile over Japan into the Pacific Ocean on Friday. US stock futures fell 0.2% while the dollar fell to as low as 109.55 yen from around 110.20 in late US trade on Thursday. It last stood at 109.98 yen.
8:50 AM
North Korea launches another missile over Japan
North Korea launched a missile that flew over northern Japan before plunging into the Pacific Ocean, the South Korean military said. The still-unidentified missile was launched around 6.30 a.m. (local time) from east of Pyongyang, the North Korean capital, according to South Korea's military Joint Chiefs of Staff.
READ MORE
North Korea Supreme Leader Kim Jong-un
8:47 AM
Singapore Nifty
At 8:45 am, SGX Nifty, Nifty futures being traded on Singapore Stock Exchange, was trading at 10,072, down 51 points or 0.51%.
8:47 AM Good Morning!
Welcome to Business Standard's market liveblog.
First Published: Fri, September 15 2017. 09:19 IST
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