Tuesday, 23 February 2016

LIVE: Sensex down over 100 points @ Latest Market Update

LIVE: Sensex down over 100 points, Nifty50 below 7,200 in early trade; Tata Motors (DVR) gains, NTPC falls
The BSE Sensex and NSE Nifty opened in green on Tuesday tracking global markets. The BSE Sensex opened 61.62 points up at 23,850.41. Nifty opened 5.75 points up at 7,240.30

The benchmark BSE Sensex slid over 100 points and the NSE Nifty cracked below the 7,200-mark in early trade on Tuesday due to profit-booking by investors after recent gains amid a lacklustre trade in Asia. 

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Markets in Asia shrugged off a slow start early Monday to trade higher, with major indexes in China, Japan and Hong Kong leading gains.
The Japanese benchmark index, the Nikkei 225, which wavered between gains and losses after market open, was up 0.77 percent.
Shares in Shanghai gained on Monday after China reshuffled the leadership of the stock market regulator
The People's Bank of China will seek a cut in the reserve requirement ratio (RRR) in the medium-term as daily short-term open market operations are seen as inadequate to stabilize market expectations.

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