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Intraday Equity benchmarks erased more than half of gains in last 15 minutes of trade
due to fall in banks, FMCG and metals stocks. The Sensex had rallied more than
200 points after reports indicated that Ukraine's president Petro Poroshenko
has reached an agreement with Russian president Vladimir Putin on a permanent
cease fire in Eastern Ukrain.
European markets like
FTSE, CAC and DAX trimmed gains from 1-2 percent to 0.8-1.3 percent but Russia
and Ukraine markets maitained gains over over 4 percent.. The Sensex rose 84.61
points to 27104 and the Nifty climbed 24.60 points to 8107.65 supported by
technology stocks while the BSE Midcap and Smallcap gained 0.7-1 percent.
In
commodities, Brent crude prices dropped to 16-month lows of USD 100 a barrel on
account of the strength in the dollar and demand concerns emanating out of
China.The Himatsingka group operates over 10 brands globally in the home
textile space.
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