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After a volatile day, the Indian share market
ended with marginal losses. The Sensex was down 78.64 points at 26908.82 and
the Nifty slipped 25.25 points at 8102.10. About 1360 shares have advanced,
1500 shares declined, and 439 shares were unchanged. HUL was up 3.5 percent
while Reliance, NTPC, Maruti and ONGC were other gainers in the Sensex.
Hindalco, ICICI Bank, GAIL, BHEL and ITC were among major losers.
The Indian stock market remained volatile today after a 3 percent cut in previous session. In fact, there has not been any recovery after that yesterday's carnage. Indices trimmed losses in afternoon trade after seeing a 211 points intraday fall. The 30-share BSE Sensex declined 17.72 points to 26969.74 and the 50-share NSE Nifty declined 4.15 points to 8123.20. About 1168 shares have advanced, 1491 shares declined, and 462 shares are unchanged on the Bombay Stock Exchange.
Oil prices will continue to drop as high production meets weak demand and strong U.S. dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit of cheaper energy. Coal India struggled to produce and ship less than half of its daily target on the first day of a five-day worker strike that began on Tuesday, hampering government efforts to reform the country's coal industry and ease its power crisis.
The Indian stock market remained volatile today after a 3 percent cut in previous session. In fact, there has not been any recovery after that yesterday's carnage. Indices trimmed losses in afternoon trade after seeing a 211 points intraday fall. The 30-share BSE Sensex declined 17.72 points to 26969.74 and the 50-share NSE Nifty declined 4.15 points to 8123.20. About 1168 shares have advanced, 1491 shares declined, and 462 shares are unchanged on the Bombay Stock Exchange.
Oil prices will continue to drop as high production meets weak demand and strong U.S. dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit of cheaper energy. Coal India struggled to produce and ship less than half of its daily target on the first day of a five-day worker strike that began on Tuesday, hampering government efforts to reform the country's coal industry and ease its power crisis.
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