Stock Market Updates
- Indian shares fell 0.6 percent on Thursday, hovering near over one-year low touched earlier this week, tracking declines around the region after lacklustre Chinese economic data added to heightened worries about the global economy.
- Stay invested in Tata Motors (Rs 351) if looking at long term. Add more at declines.
- The market has recovered a good portion of lost ground this afternoon, but the mood remains bearish due to renewed worries about the outlook for global economy after Japan and China came out with some disapponting reports.
- Traders Investors are also indulging in some profit taking, cashing in recent strong gains.
- The Sensex is down 213.50 points or 0.82% at 25,506.08, more than 200 points off the day's low of 25,287.50. The Nifty, which declined to 7678.50, is currently down 79.50 points or 1.02% at 7379.10.
- Due to sustained selling at several counters, the market, which opened on a dismal note this morning on weak global cues, continues to languish in negative territory with sharp losses.
- The cause? Hopes of fresh stimulus measures to pep up the global economy.
- Japan’s Nikkei was the stand-out performer, surging 7.7% today. That appears to be sparked by prime minister Shinzo Abe’s pledge to keep cutting corporate taxes.
- Asian markets retreated on Thursday, following a correction on Wall Street. Japan's Nikkei fell 2.5 percent.
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