Indian stocks under pressure with losses that reflect the weaknesses of global peer’s


Indian markets are expected to trade with losses in line with global peer’s weaknesses. At early agreements, the SGX Nifty future dropped by 50 points, which showed that indices in India had been negatively opened.

The BSE Sensex closed with 51.88 points or 0.14 percent losing at 38,365.35. The Nifty 50 sharings index came to an end at 11,317.35 with 37.70 points or 0.33 percent. The Nifty 50 sharings index came to an end at 11,317.35 with 37.70 points or 0.33 percent.

After a slump on the third day in a row led to declines in the heavy-weight technology stocks, as well as declining oil prices since June, the Asian stocks were under pressure.

Increasing impacts over Britain exit from the European Union without a trade agreement assigned to the downdraft confronting Asian markets.

Reliance Communications Ltd (RCom) loan payments and Reliance Telecom Ltd (RTL) informed the Mumbai bench in the NCLT that they are going to move the Supreme court to clarify spectrum sales.

Late-stage researches of the vaccine candidate of AstraZeneca’s Covid19 are temporarily underway while the company examines whether the “potential unexplained” condition of the person is a side effect of the shot.

In August, the outflow of equity schemes was likely to take place as domestic institutional investors sold Rs.11,727.66 crore in a month, the highest since March 2019. The Association of Mutual Funds in India released data in August for the monthly flows.

The Cabinet Committee on Economic Affairs (CECA) approved projects that had been won by bids from the state-run Power Grid Corp. of India Ltd. (PGCIL).

Indian airlines can not rush to use up to 60 percent of their capacity, as the government allows because customer reservations continue to be subdued since May, said officials of the airline.

India’s Equity Mutual Fund systems reported net outflows of Rs.2,480.35 crore, the first in 4 years, as the pressure for redemptions went up while contributions from Systematic Investment Plan (SIP) contributions continued to decrease.

The safe-haven dollar increased to a four-week level, with gains against sterling renewed fears over Brexit, and a reduction in the investment interest in risk with the sale of Wall Street. The index of the dollar increased by 0.527%.

Oil futures fell sharply, with the first-time decrease in Brent below USD 40 per barrel, with the US crude decreasing by nearly 8%, partly due to the increase in oil expenses 19 times worldwide. Recently US crude dropped by 0.95% to USD 36.41 per barrel.


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