Wednesday, 21 October 2015

Sensex ends 19.17 points down as China markets fall, Nifty settles at 8,252; Bajaj Auto, Vedanta gain -- 21 Oct 2015

 The BSE Sensex and NSE Nifty edged lower on Wednesday for the second straight day as a steep fall in China’s markets revived global risk aversion, while caution ahead of key corporate earnings results also weighed on sentiment. Sensex closed 19.17 points down at 27,287.66. Nifty closed 9.95 points down at 8,251.70.
                            In the 50-share index, Vedanta, Bajaj Auto, Bharti Airtel
, NTPC and Tata Steel gained between 1.70 per cent and 4.25 per cent. On the other hand, Dr Reddy’s Labs, Asian Paints, Asian Paints, BHEL and PNB declined between 1.80 per cent and 3.50 per cent.
China’s share markets slumped 3.5 per cent, the worst daily performance in five weeks, as a correction in small caps deepened through the day.
But analysts said they expected the recent momentum in shares to continue should earnings come in better than expected.
HDFC Bank reported second-quarter results that met street estimates, but posted a higher-than-expected fall in net interest margins. The stock fell nearly 1 per cent but pared losses as the session progressed. The share price of HDFC Bank closed 0.18 per cent down at Rs 1093.15.
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