INDIAN BENCHMARKS fell this week, with key indexes closing in the red three times out of four. FII have turned net sellers. Fiscal deficit stood at 48.4% of the full-year target during the same period in 2013-14.Maruti Suzuki India posted a 20.7% increase in net profit at Rs 762 crore for the financial year’s first quarter ended June. JSW Steel Ltd posted a net profit after tax of Rs. 8.01 billion for the quarter ended June 30, 2014 as compared to Net Loss of Rs. 2.21 billion for the quarter ended June 30, 2013.
The INDIAN BENCHMARKS SENSEX ended 414 point down at 25481 and the 50-share NIFTY closed 119 point down at 7603.
GLOBAL MARKET CHASE
ASIAN STOCKS fell, with Australia leading the losses.
U.S. STOCKS fell after investors sold on fears Argentina's default, the conflict in Ukraine and a soft global recovery don't support the lofty valuations present on Wall Street in recent trading.
EUROPEAN STOCKS fell after a cautious message from the U.S. Federal Reserve did little to stem the dollar's charge to 10-month highs.
Indian shares may remain volatile amid global risk aversion.
Investors will also shift focus to RBI's policy review on Tuesday, 05 August 2014.
Auto and two-wheeler stocks would be on watch as Hero Moto Corp, Mahindra & Mahindra announce quarterly earnings.
State-run bank shares would take cues from State Bank of India's results.
The INDIAN BENCHMARKS SENSEX ended 414 point down at 25481 and the 50-share NIFTY closed 119 point down at 7603.
GLOBAL MARKET CHASE
ASIAN STOCKS fell, with Australia leading the losses.
U.S. STOCKS fell after investors sold on fears Argentina's default, the conflict in Ukraine and a soft global recovery don't support the lofty valuations present on Wall Street in recent trading.
EUROPEAN STOCKS fell after a cautious message from the U.S. Federal Reserve did little to stem the dollar's charge to 10-month highs.
Indian shares may remain volatile amid global risk aversion.
Investors will also shift focus to RBI's policy review on Tuesday, 05 August 2014.
Auto and two-wheeler stocks would be on watch as Hero Moto Corp, Mahindra & Mahindra announce quarterly earnings.
State-run bank shares would take cues from State Bank of India's results.
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