The S&P BSE Sensex jumped over 310 points, while the Nifty extended intraday losses and fell below support of 5,800 in afternoon trade on Wednesday.
3:05 pm, The 30 share Sensex index 19155.90 at down 307.92 pts or 1.58%, the nifty index red flag 5764 at 94.20 points or 1.61%
Higher oil prices and weak rupee mare expected to have negative impact on CAD and may prevent the Reserve Bank of India from lowering interest rates say analysts.
The S&P Sensex index stocks red signal with intraday losses a negative trends. Bajaj auto -1.72%, Bahrti Airtel 2.73%, BHEL 2.78%, Dr. Reddy’s 2.49%, HDFC 2.80%, Hindalco 3.56%, ICICI bank 1.42%, Tata power 5.01%, Tata steel 4.39%, Wipro 2.28%.
Intraday market three stocks positive trends like:- ITC 0.34%, Jindal steel 0.75%, Sun Pharma 1.18%.
Bank nifty index falls 299.12 points at 12979.32 or 2.25%. The private & Governments banks is red sound in afternoon on Wednesday.
Axis bank 2.76%, Bank of Baroda 7.95%, Bank of India 6.32%, Canara bank 4.49%, and Federal bank 3.17%, ICICI bank 1.18%, PNB 5.41%, Union bank 7.49%, Yes bank 1.10%, IBDI bank 4.84%.