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Tuesday, 6 January 2015

Global cues, oil spook investors; Sensex, Nifty nosedive

Blood spills continue on Dalal Street as selling spree continues. The Sensex is down 588.39 points or 2 percent at 27253.93, and the Nifty is down 168.30 points or 2 percent at 8210.10.
About 667 shares have advanced, 1956 shares declined, and 491 shares are unchanged.

ONGC and Tata Steel are down 4 percent each, while Tata Motors, ICICI Bank and Tata Power are other losers in the Sensex. HUL is up marginally.

Gold prices firmed above USD 1,200 an ounce, as tumbling global equities and concerns over Greece's future in the euro zone prompted investors to seek safety in the metal.

Asian shares took a hit from sliding oil prices and political uncertainty in Greece. On Monday, both the Dow Jones industrial average and S&P 500 suffered their biggest one-day declines in about three months. There is increasing speculation that Greece might exit the euro zone if a left-wing party that has vowed to end austerity measures and erase a big portion of its debt wins Jan. 25 elections as widely expected. More information please visit this site www.bigprofitbuzz.com

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