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The S&P BSE Sensex plunged over 400 points in trade on Friday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in HDFC, HDFC Bank, ICICI bank, and Axis Bank.The 50-share Nifty index slipped below its crucial psychological support level of 7,700, and was now trading around its next crucial level of 7,750, weighed down by losses in auto, banks, metal, and realty stocks.
Arvind gains 2 pct vs 1 pct fall in NSE index.Credit Suisse starts at "outperform".Says Arvind is a 'go-to' partner for international brands.Adds the scope for growth for large brands, better use of capital and assets should fuel its financials.Stock has 10 buy and 2 hold ratings - Eikon data.The market has started to slip. The Sensex is down 223.05 points or 09 percent at 25541.73 and the Nifty slips 74.35 points or 0.9 percent at 7748.65. About 284 shares have advanced, 791 shares declined, and 33 shares are unchanged.
Asian markets were mostly lower today with Japan's Nikkei slumping over 2 per cent. China markets remain closed today for a holiday.2 Emerging market currencies and equities could face more pressure if the US payrolls data boost expectations that the Federal Reserve is on course to raise interest rates later this year.
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The S&P BSE Sensex plunged over 400 points in trade on Friday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in HDFC, HDFC Bank, ICICI bank, and Axis Bank.The 50-share Nifty index slipped below its crucial psychological support level of 7,700, and was now trading around its next crucial level of 7,750, weighed down by losses in auto, banks, metal, and realty stocks.
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