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  • Share Market Today Updates: Indices fall for third consecutive day, Sensex crashes over 1,000 factors, Nifty ends under 17,350-mark on weak world cues

    Stock Market Today, Sensex, Nifty Share Prices Updates: The benchmark fairness indices – Sensex and Nifty – fell for the third consecutive day, ending over 1.7 per cent on Friday weighed by a selloff throughout all sectors led by banking and financials amid weak spot within the world market.

    The S&P BSE Sensex fell 1,020.80 factors (1.73 per cent) to finish at 58,098.92 and the Nifty 50 settled at 17,327.35, down 302.45 factors (1.72 per cent). Both the indices had opened round 0.2 per cent decrease ealier within the day however quickly declined because the commerce progressed with the Sensex hitting an intraday low of 57,981.95 and the broader Nifty touching 17,291.65.

    On the Sensex pack, Power Grid Corporation of India was the highest loser on Friday crashing almost 8 per cent. It was adopted by Mahindra & Mahindra (M&M), State Bank of India (SBI), NTPC, Bajaj twins – Bajaj Finserv and Bajaj Finance, HDFC twins – HDFC Bank and Housing Development Finance Corporation (HDFC), IndusInd Bank, Axis Bank, Titan Company and ICICI Bank. In distinction, Sun Pharmaceutical Industries, Tata Steel and ITC ended within the inexperienced.

    All the sectoral indices on NSE led to a sea of crimson on Friday. The Bank Nifty crashed 2.67 per cent, Nifty Financial Services declined 2.48 per cent, Nifty Realty skid 2.96 per cent and Nifty Media tumbled 3.44 per cent.

    In the broader market, the S&P BSE MidCap index fell 588.47 factors (2.28 per cent) to finish at 25,271.41 whereas the S&P BSE SmallCap slumped 564.59 factors (1.92 per cent) to settle at 28,812.76. On NSE, the volatility index or India VIX surged 9.44 per cent to twenty.59.

    “A rise in the US 10-year bond yield and a strong dollar index influenced FIIs to flee emerging markets. A fall in liquidity in the banking system, a weak currency and a current premium valuation have set the market outlook bearish for the near term. With aggressive monetary policy action by central banks, the global growth engines are in a slowdown mode, whereas India is currently in a better position with a pickup in credit growth and an uptick in tax collection. The current volatility might persist for a while. Investors are advised to wait and watch until the dust settles,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Market (from Reuters)

    Stocks hit two-year lows on Friday and bonds confronted an eighth weekly loss, as traders digested the prospect of a much more aggressive rise in US rates of interest, whereas forex markets remained unstable after Japan’s intervention to prop up the yen. Interest charges rose sharply this week within the United States, Britain, Sweden, Switzerland and Norway – amongst different locations – but it surely was Federal Reserve’s sign that it expects excessive US charges to final by way of 2023 that set off the newest sell-off.

    MSCI’s world shares index fell to its lowest since mid-2020 on Friday, having misplaced about 12 per cent within the month or so since Fed Chair Jerome Powell made clear that bringing down inflation would damage.

    European shares have been a sea of crimson for a second day, underneath stress from losses in every little thing from financial institution shares to pure assets and know-how shares. The pan-regional STOXX 600 was down about 0.5 per cent in early commerce, whereas Frankfurt’s DAX misplaced 0.6 per cent, rating it as certainly one of Europe’s worst-performing indices. London’s FTSE misplaced 0.1 per cent, in opposition to a backdrop of the pound tumbling to a different 37-year low.

  • Sensex crashes over 400 factors in early offers, Nifty dips beneath 17,600-mark put up US Fed fee hike

    The topline indices on the BSE and National Stock Exchange (NSE) opened over 0.5 per cent decrease on Thursday, according to their Asian friends, whereas the rupee hit a document low after the US Federal Reserve raised rates of interest and indicated extra hikes than markets had anticipated.

    At 9:16 am, the S&P BSE Sensex was down 428.40 factors (0.72 per cent) at 59,028.38 whereas the Nifty 50 was buying and selling at 17,593.80, down 124.55 factors (0.70 per cent).

    On the Sensex pack, HDFC, Tech Mahindra, Bajaj Finserv, Wipro, Infosys and HCL Technologies have been the highest laggards in early offers whereas ITC, IndusInd Bank, Axis Bank, Bharti Airtel, Hindustan Unilever and Nestle India have been within the inexperienced.

    Commenting on the Nifty Deepak Jasani, Head of Retail Research at HDFC Securities stated, “Nifty has been consolidating in the narrow range of 17,429-18,092 for the last several sessions. Any decisive breakout from this range would give directional move to the Nifty.”

    Global Market (from Reuters)

    The greenback surged to a recent two-decade excessive and Asian shares hit a two-year low on Thursday because the prospect of U.S. rates of interest rising additional and quicker than anticipated spooked traders.

    The Federal Reserve raised its benchmark fee by 75 foundation factors on Wednesday, the third such rise in a row, and officers venture charges hitting 4.4% this 12 months – increased than markets had priced in earlier than the assembly and 100 bps greater than the Fed projected three months in the past.

    MSCI’s broadest index of Asia-Pacific shares exterior Japan dropped 1.4 per cent to its lowest since May 2020. Japan’s Nikkei fell 1 per cent to a two-month low.

  • Share Market Today: Sensex slips over 300 factors in early commerce, Nifty dips under 16,550-mark; IT, FMCG shares weigh

    Market Today(26 July, 2022): The frontline fairness indices on the BSE and National Stock Exchange (NSE) opened marginally decrease however progressively slipped over 0.5 per cent within the early commerce on Tuesday weighed by IT, FMCG and banking shares.

    At 9:41 am, the S&P BSE Sensex was down 316.21 factors (0.57 per cent) at 55,450.01 whereas the Nifty 50 was buying and selling at 16,535.25, down 95.75 factors (0.58 per cent).

    On the Sensex pack, Dr. Reddy’s Laboratories, Nestle India, Infosys, HCL Technologies, Kotak Mahindra Bank, Larsen & Toubro (L&T), Tech Mahindra, Asian Paints, Tata Consultancy Services (TCS) and Axis Bank had been the highest laggards in early commerce. On the opposite hand, Bajaj Finserv, Tata Steel, ExtremelyTech Cement, Bajaj Finance, Reliance Industries (RIL) and Mahindra & Mahindra (M&M) had been the gainers.

    “The dark cloud on the global economic horizon is the threat of an imminent US recession impacting global economic growth. Jury is still out on whether the US slips into a recession or not. But a global growth slowdown appears inevitable. Walmart’s profit warning issued yesterday is an indication of the difficult days ahead for corporate earnings. Europe is the weakest geographical space in the world and China is struggling. Even though the Indian economy is resilient now, global growth slowdown will impact India too. This means, from the fundamental perspective, there is a limit to market upside. The 1400-point rally in Nifty from its June lows has again stretched market valuations. Therefore, FIIs might again turn sellers to rallies,” stated V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Global Markets (from Reuters)

    Asian shares wobbled on Tuesday and bonds had been agency as a revenue warning from Walmart put consumption and firm earnings underneath a cloud forward of what’s prone to be one other sharp US rate of interest hike.

    MSCI’s broadest gauge of Asia shares outdoors Japan meandered simply above flat. Japan’s Nikkei fell 0.2 per cent and S&P 500 futures had been down 0.4 per cent.

    US retailer Walmart Inc reduce its revenue forecast on Monday and stated clients had been paring again discretionary purchases as inflation bites family budgets. Shares fell 10 per cent after hours and rivals Target and Amazon additionally slid.

    Investors are additionally awaiting a probable 75 foundation level Federal Reserve rate of interest enhance later this week – with markets pricing a few 10 per cent danger of a bigger hike, in addition to ready to see whether or not financial warning indicators immediate a shift in rhetoric.

  • Stock, Share Market News Today: Indices snap 4-day shedding streak; Sensex surges 345 factors, Nifty settles above 16,000-mark

    Sensex, Nifty, Share Prices Today: The topline fairness indices on the BSE and National Stock Exchange (NSE) snapped from their four-session shedding streak and ended over 0.6 per cent greater on Friday.

    The S&P BSE Sensex surged 344.63 factors (0.65 per cent) to finish at 53,760.78 whereas the Nifty 50 climbed 110.55 factors (0.69 per cent) to settle at 16,049.20. Both the indices had opened round 0.4 per cent greater earlier within the day and prolonged additional because the commerce progressed. The BSE benchmark touched an intraday excessive of 53,811.37 whereas the broader Nifty had hit 16,066.95.

    Gains on the Sensex pack on Friday have been led by Hindustan Unilever (HUL), Titan Company, Maruti Suzuki India, Larsen & Toubro (L&T), Housing Development Finance Corporation (HDFC) and Mahindra & Mahindra (M&M). In distinction, Tata Steel, Power Grid Corporation of India, HCL Technologies, Wipro, Dr. Reddy’s Laboratories and Axis Bank ended within the crimson.

    Among sectoral indices on NSE, Nifty Auto rose 2.03 per cent, Nifty FMCG climbed 1.47 per cent and Nifty Consumer Durables inched 1.45 per cent greater.

    In the broader market, the S&P BSE MidCap ended at 22,854.62, up 191.31 factors (0.84 per cent) whereas the S&P BSE SmallCap settled at 25,779.56, up 133.88 factors (0.52 per cent). On NSE, the volatility index or India VIX fell 4.04 per cent to 17.60.

    “Volatility has re-emerged and investors have turned their focus on upcoming Fed policy in the backdrop of heightened US inflation. Fall in crude prices and reduction in FII selling added optimism to the domestic market while gloomy IT results, depreciating rupee and fear of global recession are restricting sizeable up move. In addition to the Fed policy, the domestic market’s near-term momentum will be influenced by ongoing quarterly earnings,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from AP)

    European shares opened greater Friday after a combined session in Asia following a report that China’s financial system contracted by 2.6 per cent within the final quarter resulting from virus shutdowns that saved companies closed and folks at dwelling.

    Stocks in Hong Kong and Shanghai fell whereas most different benchmarks superior. US futures have been little modified and oil costs have been combined.

    Germany’s DAX gained 1.5 per cent to 12,706.96 whereas the CAC 40 in Paris added 0.6 per cent to five,950.63. Britain’s FTSE 100 superior 0.9 per cent to 7,104.57. The futures for the S&P 500 and Dow industrials have been barely modified, gaining lower than 0.1 per cent. In Asia, Tokyo’s Nikkei 225 index added 0.5 per cent to 26,788.47. The Kospi in Seoul was up 0.4 per cent at 2,330.98 and shares additionally rose in India and Taiwan. The Shanghai Composite index misplaced 1.6 per cent to three,228.06. Australia’s S&P/ASX 200 dropped 0.7 per cent to six,605.60 and the Hang Seng in Hong Kong declined 2.2 per cent to twenty,297.72.

  • Stock Market Today: Sensex falls 372 factors, Nifty slides under 16,000

    Sensex, Nifty, Share Prices Today: The benchmark fairness indices on the BSE and NSE ended over 0.5 per cent decrease on Wednesday, weighed by market heavyweights Reliance Industries, HDFC twins and Tata Consultancy providers.

    The BSE Sensex fell 372.46 factors (0.69 per cent) to finish at 53,514.15, whereas the Nifty 50 dropped 91.65 factors (0.57 per cent) to settle at 15,966.65.

    Both the indices had opened greater earlier within the day however gave up their positive aspects and slipped decrease within the afternoon offers.

    On the Sensex pack, IndusInd Bank, Bharti Airtel, HDFC twins – Housing Development Finance Corporation and HDFC Bank, Reliance Industries and Tata Consultancy Services had been the highest losers on Wednesday.

    In distinction, Hindustan Unilever, Asian Paints, Sun Pharmaceutical Industries had been the highest gainers.

    Among the sectoral indices on the NSE, Nifty Oil & Gas dropped 1.32 per cent, Nifty Private Bank fell 1.05 per cent, Nifty Financial Services misplaced 0.97 per cent and Nifty Bank inched down 0.87 per cent.

    In the broader market, the S&P BSE MidCap index ended at 22,753.71, up 72.70 factors (0.32 per cent), whereas the S&P BSE SmallCap settled at 25,790.71, up 9.30 (0.04 per cent). On NSE, the volatility index or India VIX fell 0.14 to settle at 18.52.

    “Strong domestic macro numbers and a fall in crude prices lifted Indian indices to open in positive territory while the gains were restrained by Europe’s negative market trend. In line with expectations, the Indian CPI numbers eased marginally to 7.01%. Global markets were in a bear grip ahead of the release of the US inflation data which is expected to touch fresh highs of 8.8% owing to surge in gasoline and food costs,” mentioned, Vinod Nair, Head of Research at Geojit Financial Services.

    Global market

    -input from Reuters

    Stocks slipped on Wednesday and the euro lurked simply above parity towards the greenback, as merchants waited to see if US inflation information later bolsters the case for an additional supersized Federal Reserve fee hike this month.

    Recession worries meant Europe stumbled out the blocks after a comparatively regular session in Asia Pacific the place South Korea and New Zealand had jacked up their charges once more.

    Germany’s DAX and Italy’s FTSEMIB had been each down over 1.2% early on. London’s FTSE was not far behind, whereas the euro teetered at $1.0025 as fuel and oil costs rose once more.

  • Stock, Share Market News Today: Sensex surges 427 factors, Nifty settles above 16,100-mark; metals, PSU banks rally

    The benchmark indices, Nifty and Sensex, ended almost 1 per cent larger on Thursday led by metals and banking shares amid optimistic cues in international market.

    The S&P BSE Sensex rallied 427.49 factors (0.80 per cent) to finish at 54,178.46 whereas the Nifty 50 rose 143.10 factors (0.89 per cent) to settle at 16,132.90. Both the indices had opened round 0.5 per cent larger earlier within the day and traded within the inexperienced all through the session with the Sensex touching an intraday excessive of 54,254.79 and the broader Nifty hitting 16,150.50.

    Among the Sensex pack, Titan Company, Tata Steel, Larsen & Toubro (L&T), IndusInd Bank, Mahindra & Mahindra (M&M), ICICI Bank, Kotak Mahindra Bank, HDFC Bank and State Bank of India have been the highest gainers. In distinction, Dr. Reddy’s Laboratories, Nestle India, Reliance Industries (RIL), Bharti Airtel, Hindustan Unilver (HUL) and Bajaj Finance ended decrease.

    Among sectoral indices on NSE, the Nifty Metal index surged 3.79 per cent, Nifty PSU Bank rallied 3.42 per cent, Nifty Realty jumped 2.62 per cent and Nifty Consumer Durables gained 2.64 per cent. The key Bank Nifty too rose 1.74 per cent.

    In the broader market, the S&P BSE MidCap index ended at 22,611.38, rising 265.32 factors (1.19 per cent) whereas the S&P BSE SmallCap climbed 328.87 factors (1.30 per cent) to settle at 25,568.55. The volatility index or India VIX fell 5.25 per cent to 19.20.

    “Domestic bourses mirrored an upbeat mood in global equity markets as investors digested the latest FOMC minutes while falling crude and commodity prices lifted investor sentiments. This upside momentum could dominate the markets in the near term, underpinned by hopes of reducing inflation. The RBI’s latest slew of measures to boost foreign exchange inflows is expected to aid the tumbling rupee,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from AP)

    Global inventory markets and Wall Street futures gained Thursday after decrease oil costs helped to offset fears about surging inflation the Federal Reserve mentioned may require extra US rate of interest hikes.

    London and Frankfurt opened larger. Shanghai, Tokyo and Hong Kong superior.

    In early buying and selling, the FTSE 100 in London gained 0.7 per cent to 7,156.84. The DAX in Frankfurt added 1.4 per cent to 12,775.06 and the CAC 40 in Paris superior 1.3 per cent to five,989.14.

    On Wall Street, the longer term for the benchmark S&P 500 index was up 0.2 per cent after notes launched Wednesday from the newest Fed assembly mentioned “an even more restrictive stance could be appropriate” to get inflation again to its 2 per cent goal.

    In Asia, the Shanghai Composite Index rose 0.3 per cent to three,364.40 and the Nikkei 225 in Tokyo gained 1.5 per cent to 26,490.53. The Hang Seng in Hong Kong closed 0.3 per cent larger at 21,643.58 after spending a lot of the day in unfavorable territory. The Kospi in Seoul climbed 1.8 per cent to 2,334.27 and Sydney’s S&P-ASX 200 was up 0.8 per cent at 6,648.00.

  • Stock,Share Market News Today: Sensex rises over 300 factors in early commerce, Nifty above 15,900-mark

    Sensex, Nifty, Share Prices Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened over 0.5 per cent larger on Tuesday

    At 9:21 am, the S&P BSE Sensex was buying and selling at 53,538.86, up 304.09 factors (0.57 per cent) whereas the Nifty 50 was up 96.05 factors (0.61 per cent) at 15,931.40.

    On the BSE benchmark, positive factors within the early commerce have been being led by Power Grid Corporation of India, Bajaj Finserv, NTPC, Tata Steel, Tech Mahindra and Infosys. Only ITC and Larsen & Toubro (L&T) have been buying and selling marginally decrease.

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  • Stock Market Today: Indices trim early losses to finish marginally decrease, Sensex slips 111 factors; RIL drags

    Sensex, Nifty, Share Prices Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) trimmed their day’s losses to finish round 0.2 per cent decrease on Friday weighed by market heavyweight Reliance Industries (RIL).

    The S&P BSE Sensex slipped 111.01 factors (0.21 per cent) to finish at 52,907.93 whereas the Nifty 50 settled at 15,752.05, down 28.20 factors (0.18 per cent). Both the indices had opened over 0.5 per cent decrease earlier within the day and slipped over 1.7 per cent throughout the intraday commerce earlier than trimming losses in the direction of the final hour of the session.

    On the Sensex pack, RIL was the largest loser on Friday adopted by Power Grid Corporation of India, Bharti Airtel, NTPC, Maruti Suzuki India and Sun Pharmaceutical Industries. In distinction, ITC, Bajaj twins – Bajaj Finance and Bajaj Finserv, Asian Paints, Hindustan Unilever (HUL) and Housing Development Finance Corporation (HDFC) have been the highest gainers.

    All the sectoral indices on NSE ended greater besides Nifty Oil & Gas which cracked 4.17 per cent after the federal government imposed an export tax on petrol, diesel and jet gasoline (ATF). On the opposite hand, Nifty FMCG surged 2.82 per cent, Nifty Realty climbed 1.58 per cent and Nifty Healthcare Index rose 1.05 per cent.

    In the broader market, the S&P BSE MidCap index ended at 21,858.93, up 145.69 factors (0.67 per cent) whereas the S&P BSE SmallCap settled at 24,807.74, up 21.32 factors (0.09 per cent).

    “Unfavorable cues from the domestic market led to a weak start due to weakness in the rupee and selling in oil refineries as the government imposed an additional export duty on petrol and diesel. Adding to the weakness, India’s factory output growth slowed down during June, as high inflation continued to dampen demand. However, the FMCG sector witnessed strong buying supported by declining commodity prices on the belief that the prices have peaked out,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global market

    European shares edged greater after Asian benchmarks completed decrease Friday, as a quarterly report by Japan’s central financial institution rekindled worries in regards to the world’s third largest financial system. Shares have been barely greater in Europe in early buying and selling, after ending decrease in Asia, declining in Tokyo, Seoul, Sydney and Shanghai. Markets have been closed in Hong Kong for a vacation. Oil costs fluctuated all through the day.

    In Paris, the CAC 40 gained 0.4 per cent to five,946.61, whereas Germany’s DAX edged up 0.3 per cent to 12,820.65. Britain’s FTSE 100 added 0.2 per cent to 7,180.70. The future for the Dow industrials slipped 0.4 per cent to 30,664.00. The S&P 500 future fell 0.3 per cent to three,777.00.

    Japan’s benchmark Nikkei 225 dropped 1.7 per cent to complete at 25,935.62. Australia’s S&P/ASX 200 edged down 0.4 per cent to six,539.90. South Korea’s Kospi misplaced 1.2 per cent to 2,305.42. The Shanghai Composite fell 0.3 per cent to three,387.64.

    -global market enter from AP

  • Sensex falls 565 factors in early commerce on weak world market tendencies

    Benchmark indices began the commerce on a weak word on Wednesday with the Sensex falling 564.77 factors, following feeble world market tendencies and chronic international capital outflows.

    The 30-share BSE Sensex was buying and selling 564.77 factors decrease at 52,612.68. The NSE Nifty dipped 162.4 factors to fifteen,687.80.

    Among the Sensex pack, IndusInd Bank, Hindustan Unilever, Bajaj Finserv, Titan, Kotak Mahindra Bank and Bajaj Finance had been the foremost laggards in early commerce.

    Sun Pharma and Bharti Airtel had been the one gainers.

    Elsewhere in Asia, markets in Tokyo, Shanghai, Seoul and Hong Kong had been buying and selling decrease in mid-session offers.

    The US markets additionally ended decrease on Tuesday.

    Meanwhile, worldwide oil benchmark Brent crude dipped 0.95 per cent to USD 116.86 per barrel.

    “The sharp pullback witnessed in the US last Friday has lost steam and the markets have again turned weak. The decline in commodity prices last week has not sustained and Brent crude is back to above USD 117,” mentioned V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Even although there is no such thing as a consensus on whether or not the US economic system will slip into recession or not, there are clear indicators of the economic system slowing down, he added.

    “In this context of conflicting signals, markets are likely to remain choppy,” Vijayakumar mentioned.

    Posting beneficial properties for a fourth session in a row on Tuesday, the Sensex settled up 16.17 factors or 0.03 per cent at 53,177.45. The NSE Nifty gained 18.15 factors or 0.11 per cent to fifteen,850.20.

    Foreign institutional buyers (FIIs) remained web sellers within the capital market, as they bought shares value Rs 1,244.44 crore on Tuesday, as per alternate knowledge.

  • Stock Market Today: Sensex rallies over 700 factors in early commerce, Nifty surges above 15,900 stage mark aided by IT shares

    Stock Market Today, Share Market Updates: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened over 1 per cent larger on Monday led by features in IT shares

    At 9:26 am, the S&P BSE Sensex was buying and selling 739.98 factors (1.40 per cent) larger at 53,467.96 whereas the Nifty 50 was at 15,917.70, up 218.45 factors (1.39 per cent).

    On the Sensex pack, all of the shares had been buying and selling larger within the early commerce led by Tech Mahindra, HCL Technologies, Wipro, Infosys, Bajaj Finance and Larsen & Toubro (L&T).

    “The jury is still out on whether this is a bear market or a corrective phase in a long-term bull market. After falling into bear market territory, the Nasdaq and S&P 500 have smartly bounced back and this is getting reflected in other markets too. The 3 per cent bounce back in S&P last Friday indicates that pullbacks can be sharp and the consequent short-covering can surprise on the upside. A significant development last week was the sharp 4.3 per cent cut in the Bloomberg commodity index. If this trend sustains, inflation expectations will come down, enabling central banks to go a bit slow on tightening, and achieving a soft landing for the US economy. The near-term fall in commodity prices is beneficial for commodity users like autos whose prospects are looking up,” mentioned V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Global market

    Stocks gained in Asia on Monday amid improved danger sentiment after Wall Street rebounded strongly on the finish of final week as oil costs eased, tempering fears of extended inflation and the accompanying aggressive Federal Reserve tightening. Treasury yields remained subdued and the greenback hovered close to the bottom in additional than per week as traders continued to evaluate the outlook for U.S. charge hikes, and the potential for a recession.

    Japan’s Nikkei rallied 1.04 per cent, whereas Australia’s benchmark jumped 1.69 per cent. Chinese blue chips rose 0.54 per cent and Hong Kong’s Hang Seng superior 1.46 per cent. South Korea’s Kospi gained 1.65 per cent. MSCI’s broadest index of Asia-Pacific shares rose 1.31 per cent.

    However, US inventory futures level to a 0.25 per cent decline when these markets reopen. On Friday, the S&P 500 surged greater than 3 per cent, including to an virtually 1 per cent achieve on Thursday.

    -global market enter from Reuters