Free Alert on Stock Market Trading by Marketmagnify


Posted September 23, 2015 by vivekhello4

Indian markets are likely to be volatile ahead of derivative expiry tomorrow

 
GLOBAL MARKETS ROUNDUP
Indian markets are likely to be volatile ahead of derivative expiry tomorrow. Some analysts have voiced concerns that Nifty could fall below the 7550 levels recorded earlier this month. The S&P BSE Sensex slipped over 200 points in trade on Wednesday following Asian markets which were trading lower after weak factory survey from China fuelled fears of an entrenched global economic slowdown.

INDIAN ADR’S NEWS
• Indian ADRs ended lower on Tuesday.
• In the banking space, ICICI Bank fell 0.26 percent at USD 8.40.
• HDFC Bank shed 1.06 percent at USD 58.43.
• In the IT space, Infosys was down 0.11 percent at USD 17.75.
• Wipro was down 0.34 percent at USD 11.83.
• In the other sectors, Tata Motors slipped 1.46 percent at USD 23.60.
• Dr Reddy’s Laboratories declined 1.18 percent at USD 59.36.


India's Infrastructure Leasing and Financial Services Ltd has raised 2.50 billion rupees selling bonds maturing in 10 years, three merchant bankers said. The infrastructure development and finance company will pay an annual coupon of 8.75 percent on the bonds. Tata Motors and Tata Steel slipped 2 per cent on worries over Chinese economy underlined by a weak September flash PMI data. MothersonBSE -1.26 % Sumi was down 4 per cent while L&T, Vedanta were down 3 per cent. Visa Steel was up more than 16 per cent.

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Last Updated September 23, 2015