On Wednesday, the mood of the domestic stock markets was mixed. In the first half-hour, the major indices were seen swinging between the red and green markings. Indian markets did not get support from American and global markets. Moody's statement softened the business perception of Dalal Path.
Moody's said that Finance Minister Nirmala Sitharaman's steps were insufficient to improve business confidence and consumer sentiment. Moody's has slashed India's growth rate to 6.4 per cent for FY 2019-20 citing instability caused by domestic and global causes.
At 9.30 am, the BSE Sensex was recorded at a level of 37,650 with a nominal gain of 9.15 points or 0.03 per cent. At the same time, the Nifty 50 index was also seen trading at a level of 11,113 with a slight increase of 7.45 points.
On Tuesday, there was pressure on the US stock markets. The Dow Jones tumbled by 0.47 percent, while the S&P 500 index lost 0.32 percent. The Nasdaq Composite ended the session with a fall of 0.34 per cent.
The BSE Midcap and Smallcap indices saw gains of up to half a percent. The BSE Utilities and Healthcare Index showed a growth of over three-fourth percent. Metal, finance, telecom and consumer durables index recorded the most weakness.
Tata Motors shares rose 2.24 per cent to Rs 123 on the BSE Sensex. Bajaj Auto shares rose 1.44 per cent to Rs 2,806.10. Shares of HCL Technologies, Tech Mahindra and Sun Pharma rose 1.25 per cent, 0.96 per cent and 0.95 per cent respectively.
On the other hand, Tata Steel shares fell 1.28 per cent to Rs 346.45. Shares of Maruti Suzuki slipped 0.87 per cent to Rs 6,222. Hindustan Unilever, Kotak Mahindra Bank and HDFC Bank lost 0.75 per cent, 0.69 per cent and 0.55 per cent, respectively.
On Tuesday also, foreign portfolio investors (FPIs) continued their selling trend. During the last session, he sold shares worth Rs 923.94 crore in the Indian stock market. However, domestic institutional investors (DII) made net purchases of Rs 1162.65 crore.
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Moody's said that Finance Minister Nirmala Sitharaman's steps were insufficient to improve business confidence and consumer sentiment. Moody's has slashed India's growth rate to 6.4 per cent for FY 2019-20 citing instability caused by domestic and global causes.
At 9.30 am, the BSE Sensex was recorded at a level of 37,650 with a nominal gain of 9.15 points or 0.03 per cent. At the same time, the Nifty 50 index was also seen trading at a level of 11,113 with a slight increase of 7.45 points.
On Tuesday, there was pressure on the US stock markets. The Dow Jones tumbled by 0.47 percent, while the S&P 500 index lost 0.32 percent. The Nasdaq Composite ended the session with a fall of 0.34 per cent.
The BSE Midcap and Smallcap indices saw gains of up to half a percent. The BSE Utilities and Healthcare Index showed a growth of over three-fourth percent. Metal, finance, telecom and consumer durables index recorded the most weakness.
Tata Motors shares rose 2.24 per cent to Rs 123 on the BSE Sensex. Bajaj Auto shares rose 1.44 per cent to Rs 2,806.10. Shares of HCL Technologies, Tech Mahindra and Sun Pharma rose 1.25 per cent, 0.96 per cent and 0.95 per cent respectively.
On the other hand, Tata Steel shares fell 1.28 per cent to Rs 346.45. Shares of Maruti Suzuki slipped 0.87 per cent to Rs 6,222. Hindustan Unilever, Kotak Mahindra Bank and HDFC Bank lost 0.75 per cent, 0.69 per cent and 0.55 per cent, respectively.
On Tuesday also, foreign portfolio investors (FPIs) continued their selling trend. During the last session, he sold shares worth Rs 923.94 crore in the Indian stock market. However, domestic institutional investors (DII) made net purchases of Rs 1162.65 crore.
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