Key benchmark indices edged lower in choppy trade, with selling intensifying towards the latter part of the trading session. Weakness in Asian and European stocks hurt investor sentiment adversely. The market breadth, indicating the overall health of the market, was negative. The barometer index, the S&P BSE Sensex, was down 180.06 points or 0.87%, up close to 10 points from the day's low and off about 235 points from the day's high. Asian and European stocks fell as investors’ awaited data on the US housing market and US consumer confidence.
Who Moved and Why
1) PSU OMCs witness profit booking.
2) Sun Pharma inches up after Taro begins share buyback offer.
3) Aban Offshore jumps nearly 29% in two sessions.
4) Volumes jump at United Spirits counter.
5) DIC India soars over 40% in two sessions.
6) IDBI Bank slips after S&P downgrade Hospitality stocks in demand.
7) United Spirits slips after Diageo offers to sell W&M whisky biz.
Read detail analysis report here: - https://www.apsense.com/article/weakness-in-asian-and-european-stocks-hurt-investor-sentiment-adversely.html
Who Moved and Why
1) PSU OMCs witness profit booking.
2) Sun Pharma inches up after Taro begins share buyback offer.
3) Aban Offshore jumps nearly 29% in two sessions.
4) Volumes jump at United Spirits counter.
5) DIC India soars over 40% in two sessions.
6) IDBI Bank slips after S&P downgrade Hospitality stocks in demand.
7) United Spirits slips after Diageo offers to sell W&M whisky biz.
Read detail analysis report here: - https://www.apsense.com/article/weakness-in-asian-and-european-stocks-hurt-investor-sentiment-adversely.html
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