Sensex, Nifty Bank sink 1,000 pts on global sell-off Vakrangee dips 10%- Sai Proficient

India’s gold demand grew by 9.1 percent to 727 tonne in 2017 due to low prices coinciding with Dhanteras, positive economic backdrop and improved consumer sentiment especially in rural areas, according to a World Gold Council (WGC) report.

The total demand stood at 666.1 tonnes in 2016, WGC said in its latest Gold Demand Trends report.

Vakrangee continued its downtrend for another session, falling 10 percent, taking seven consecutive days loss to more than 60 percent.

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Indian ADRs-Sai Proficient

Indian ADRs plunged in Monday trade.

In the IT space,

Infosys slipped 2.14 percent at USD 17.37 and Wipro shed 2.93 percent at USD 5.30.

In the banking space,

ICICI Bank fell 2.23 percent at USD 10.07 and HDFC Bank was down 2.82 percent at USD 100.29.

In the other sectors,

Tata Motors declined 5.34 percent at USD 28.16 and Dr Reddy’s Laboratories.

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Asian Markets Update-Sai Proficient

Asian indexes tumbled early on Tuesday, mirroring massive losses seen stateside in the last session when the Dow fell more than 1,100 points and the S&P saw its worst day in six years.

Japan’s Nikkei 225 was down 4.95 percent as stocks across sectors pulled back. Automakers, financials and technology names were lower in the morning, with Toyota down 3.77 percent.

Across the Korean Strait, the Kospi declined 2.26 percent. Blue chip technology names were lower, with Samsung Electronics and SK Hynix down 1.63 percent and 1.85 percent early in the session. Among automakers, Hyundai Motor traded briefly in positive territory, but later slipped 0.63 percent.

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Market Live: Sensex dives, Midcap index outperforms Nifty; Tata Motors extends gains

Shares of Brooks Laboratories gained 5.7 percent intraday as the company received certificate for good manufacturing practice.

The company share recovered percent 12.5 from the intraday low and 52-week low of Rs 91.50.

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Gold Rate Today: Gold futures gain 0.56% on global cues-Sai Proficient

Frontline as well as broader indices were off their opening lows due to short covering.

The 30-share BSE Sensex was down 348.96 points or 1.00 percent at 34,717.79 and the 50-share NSE Nifty fell 106.70 points or 0.99 percent to 10,653.90.

About five shares declined for every share rising on the BSE.

All sectoral indices were in the red but were off day’s lows.

Bharti Airtel was the top gainer among Nifty 50 stocks, rising 3.5 percent as Singtel will invest Rs 2,649 crore in promoter company, Bharti Telecom via preferential issue.

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Sensex recovers, Nifty nears 10,700; RIL rebounds, Tata Motors leads-Sai Proficient

Benchmark indices recovered more than half of its opening losses, driven by technology, oil stocks and Tata Motors.

The recovery was on expected lines as the Sensex shed more than 1,300 points from Friday session.

The 30-share BSE Sensex was down 240.70 points or 0.69 percent at 34,826.05 and the 50-share NSE Nifty fell 76 points or 0.71 percent to 10,684.60.

Tata Motors, Colgate Palmolive, Ujjivan Financial Services, Bosch, Ador Welding, Alkyl Amines, Astrazeneca Pharma, Century Plyboards, Cochin Shipyard, BASF, Cosmo Films, ENIL, Eveready Industries, Greaves Cotton, HUDCO, IFCI, Igarashi Motors, JSW Holding, Kalyani Steels, MM Forgings, Mcleod Russel, Mold-Tek Packaging, Omkar Specialty chemicals, Panama Petrochem, Sheela Foam, Timken, Themis Medicare, Tribhovandas Bhimji Zaveri, Usha Martin, Weizmann Forex and Westlife Development will announce earnings today.

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Asia markets trade lower; major indexes in Japan, South Korea, Australia and China fall-Sai Proficient

Asia markets fell across the board in Monday  morning trade, following a sharp decline in US stocks on Friday amid a stronger-than-expected jobs report that sent interest rates higher.

In Australia, the ASX 200 fell 1.41 percent to 6,034.80 in late-morning trade, with most sectors trading lower. The heavily weighted financial subindex was down 1.26 percent, while the energy and materials sectors fell 2.39 percent and 1.96 percent, respectively.

The biggest banking names in the country fell: Shares of ANZ were down 1.48 percent, Commonwealth Bank declined 1.15 percent, Westpac was down 1.45 percent and the National Australia Bank fell 1.42 percent.

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