Mumbai, April 19 (IANS) BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
Tata Motors, Axis Bank are down more than 2 per cent.
V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services said distinct weakness in Asian markets and sharp cuts in US futures reflect heightened nervousness in equity markets.
“There are headwinds from the bond markets, too. The sharp spike in US bond yields triggered big Foreign Institutional Investors (FII) selling which touched Rs 4,260 crore on Thursday. More FII selling can be expected in the near-term putting pressure on largecaps,” he said.
“Investors may wait for clarity to emerge on the geopolitical front. Uncertainty is very high,” he added.
Deepak Jasani, Head of Retail Research, HDFC Securities said Asian shares sank on Friday while the dollar, yen, oil and gold surged after reports of a sharp escalation in Middle East hostilities.
Vaishali Parekh, Vice President-Technical, Research, Prabhudas Lilladher said Nifty has indicated a big bearish candle to end below the 22,000 zone with bias and sentiment turning very cautious with the threat of the trend turning bearish.
–IANS
biz/san/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
