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The main indexes eased losses in mid-afternoon trade, as purchases appeared at lower levels. At 14:20, the Senbad Senbad barometer index fell by 130.86 points or 0.37% to 35,292.62. The Nifty 50 index was down 48.90 points or 0.46% to 10,665.40. However, the market connotation remains negative because of the weakness of global indices.
The indexes opened higher, but the trend reversed in early trade and reached a new intraday trough in the afternoon. Clues erased losses in the middle of the afternoon.
Among the secondary barometers, the BSE Mid-Cap index was down 0.69%. The BSE Small Cap index lost 0.72%. Both indices underperformed the Senbad.
The magnitude of the market, indicating the overall health of the market, was low. On the BSE, 809 shares rose and 1706 shares fell. A total of 134 shares were unchanged.
Most shares of capital goods decreased. Bharat Electronics (down 3.13%), GE T & D India (down 2.64%), Punj Lloyd (down 2.53%), Suzlon Energy (down 2%), BEML (down 1.43%), Bharat Heavy Electricals (down 1.39%), Lakshmi Machine Works (-1.35%), Havells India (-1.26%), Reliance Defense and Engineering (- 1.25%), Praj Industries (-1.21%), AIA Engineering (-0.53%), ABB India (-0.39%) and SKF India (-0.31%), slightly decreased. GE Power India (up 0.16%), Siemens (up 0.2%), Jindal Saw (up 1.89%) and Crompton Greaves (up 1.96%) slightly advanced .
Engineering and major construction Larsen & Toubro (L & T) is down 1.59%.
Thermax was down 0.07%. The company has entered an order of Rs 340 crore from a major Indian steelmaker for a specially designed boiler, electric turbine generators and ancillary equipment for their production site in Maharashtra. The announcement was made after market hours on Friday, June 29, 2018.
Real estate shares decreased. Parsvnath Developers (-5.47%), Sunteck Realty (-7.75%), Indiabulls Real Estate (-4.26%), DB Realty (-4.19%), Housing Development and Infrastructure (HDIL) (- 3.62%), Anant Raj (low 3.56%), DLF (3.53%), Mahindra Lifespace Developers (2.77%), Peninsula Land (-1.83%), Sobha (-1.57%) %), Oberoi Realty (-0.09%), Omaxe (-0.03%), Unitech (down 0.72%) and Godrej Properties (down 0.12%) declined slightly. The Prestige Estates (up 0.58%) and Phoenix Mills (up 1.13%) projects rose slightly.
On the economic front, Indian manufacturing conditions improved in June at a record pace since December 2017, supported by the strongest increases in production and new orders in 2018 up to now. The Nikkei India Manufacturing Purchasing Managers Index (PMI) rose from 51.2 in May to 53.1 in June. This corresponded to the fastest improvement in the health of India's manufacturing economy in 2018 so far.
European stocks overseas were trading lower as worries over US trade policy and concerns over German Chancellor Angela Merkel's coalition weighed on sentiment. Asian equities tumbled as trade tensions between the United States and its trading partners continued to be a major concern for investors.
The Chinese Official Index of Manufacturing Managers (PMI) fell to 51.5 for the month of June. The figure is always higher than the 50-point level indicating growth.
In Japan, confidence between major manufacturers weakened for the second consecutive quarter, from three months to June, due to growing concern over the potential impact of trade frictions on the industry. ;Mondial economy. The main index measuring the sentiment of major manufacturers was at over 21 in the period of April-June, compared with over 24 in the previous survey in March, according to the quarterly tankan survey of the Bank of Japan.
US stocks closed higher on Friday, June 29, 2018, driven by the energy and materials sectors. Financial services also rose earlier after several banks announced plans to return capital to shareholders Thursday night after the Federal Reserve released the results of its annual stress test. However, the financials ended in the red as investors pocketed the profits towards the closing bell.
With regard to US data, the personal consumption expenditure index, the Federal Reserve's preferred inflation indicator, rose 0.2%, as did the rate basic that eliminates food and energy. The inflation rate over the past 12 months has risen to 2.3%, the fastest pace since March 2012.
Chicago PMI soared to a reading of 64.1 in June, up 62.7, the fastest reading since January and the highest level in six months. Any reading above 50 indicates improved conditions. The final consumer sentiment index of the University of Michigan for June reached 98.2. Thursday data showed a first quarter growth in the US economy was reduced to 2% by 2.2%.
Made by Capital Market – Live News
(This story was not modified by the Standard Business Team and is generated automatically from a syndicated feed .)
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