Andrew L Dcunha
Mumbai, Sep 21: The BSE Sensex close the day marginally in the negative at 17,065, down by 34 points and the Nifty ended at 5,133, down by seven points. During the day, the BSE benchmark index had touched the day's low of 17,001 and the day's high of 17,191. Investors are looking for some clear near term direction and are cautious amid concerns about the debt worries in the euro zone. Consumer durable index gained most to be up 2.04 per cent, followed by realty and bank indices.
ICICI Bank was the biggest gainer in the Sensex rising 2.14 pct. Reliance Industries ended 1.67 per cent lower after sharp gains yesterday Asian stocks were mostly higher Shanghai Composite Index jumped 2.7%. The Nikkei rose 0.2% and the Kospi climbed 1% in Seoul after seesawing earlier in the day. However, Hong Kong’s Hang Seng Index lost 1% ended at a two-year low on Wednesday
European shares fell on Wednesday after strong gains in the previous day, with investors booked profits ahead of the US Federal Reserve's monetary policy meeting. The meeting is expected to reveal further steps to stimulate the flagging US economic recovery. In France, the CAC-40 fell 1 per cent while Germany's DAX was 1 per cent. Britain's FTSE 100 was down 0.2 per cent. The IMF lowered its forecast for global growth on Tuesday to 4 per cent for this year and next. This news dragged down oil prices Wednesday.
Positive grown in Advance tax collection
As per Finance Ministry officials Total advance tax figures for the April-September period now stand at Rs 93,000 crore, an increase of 9.4% from the year-ago period Advance tax payments from India's top 100 companies have risen 9.9% on year at Rs 31,707 crore in the July-September quarter from the year ago period. The official also said the government hopes to meet the FY12 direct tax target of Rs 5 lakh crore.
Gold shines
Both gold and silver made gains in the bullion market today. While gold recovered Rs 200 to Rs 28,500 per 10 grams, silver gained Rs 150 to Rs 64,350 per kg.
