The Sensex index down 663 points, or 0.37 per cent, and closed at 57,338 levels while the nifty 50 index ended at 17,076, levels, Down by 56 points or 0.33per cent.
On the Upside: Asianpaint, Tatamoto, SBI life, Nestleind.
On the downside-M&M, Cipla, Tatasteel, Hindalco
Tech View:-We have witnessed some profit booking in today’s session and formed bearish candle at the end of the day.The index has formed a strong base near the 17k mark & holding above said level overall structure will be positive or if its break can see more profit booking comes in & we may see the index dragging towards 16900-16800 zone and on the higher side immediate hurdle is formed near 17150 zone followed by 17220 zone.
European & USA markets:
@ IST 5:30European markets were trading atPositivenote. Where the Germany’s DAX tradingUPby0.29 %, Other hand France’s CAC40 indexUPby 1.45% and England’s FTSE100 indexUP by 0.88%.
Where; wall street @ IST 5:30 The DOW future contract trading Positive 113 points, or 0.32%,S&P 500 Future trading Positive @ 16 points, or 0.35%, Where Nasdaq100 future Positive41points, or 0.26%.
Global News Analysis:
USA – Argentina’s notoriously shaky stock and bond markets, which have been hit by years of economic crises, are rocketing again.
China:- China will step up financing support for small firms by increasing annual relending quotas by 300 billion yuan ($46.39 billion), state media quoted the cabinet as saying on Wednesday.
USA U.S. stocks are seen opening higher Wednesday, adding more gains to a positive August, ahead of the release of important private payrolls data.