Thursday, August 24, 2017

India indexes sank unprincipled

India indexes sank unprincipled

On Wednesday, December 30, the stock market of India closed the session with a moderate decline in the major indexes.

Indexes most of the session scurried from plus to minus and could not determine the direction of movement on the eve of the December expiration of derivatives.

Macroeconomic statistics in India today has not been published, and in anticipation of the completion of the calendar year the players lacked motivation for action in the market.

Following the auction index Nifty 50 dropped by 0.41% to reach 7896.25 points, while the BSE Sensex 30 fell by 0.46% to 25,960.03 points.

Currency pair USD / INR strengthened by 0.22% to a mark of 66.38. The yield on 10-year bonds in India declined by 0.04% to 7,755%.

The second largest selling pharmaceutical company in India Dr. Reddy's Laboratories has gone into a plus by 0.6% on news of the re-launch of sales of one of the drugs in the United States required in connection with a court order about the need to change the color of the capsules.

Largest steel Tata Steel 1.2% boosted market capitalization.

Meanwhile, shares of the largest non-state bank of India ICICI Bank fell by 0.8% and promyshlennikaReliance Industries - by 1.0%. Both papers have shown a negative trend for the first week.




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