At 1.30 p.m. the Nifty and the Sensex were trading marginally in the red. The Nifty was 5,281.55 and the Sensex at 17,399.65. Volatility was up 0.37 per cent and the India Vix, was trading at 18.63.
Dealers said that interest among market players would revive only on global cues, first quarter results and progress of monsoon.
Market-men are expecting a 25 basis point rate in the Euro zone by the European Central Bank. Also expected is an increase in the Bank of England's asset purchase target for July from GBP 325 billion to GBP 375 billion.
Meanwhile, the IMF on Tuesday said that US would grow at 2 per cent in 2012 and 2.25 per cent in 2013 due to constraints such as housing difficulties, expiration of fiscal stimulus measures, and continued low global demand, particularly in Europe.
“The US remains vulnerable to contagion from an intensification of the euro area debt crisis, which would be transmitted mainly via a generalised increase in risk aversion and lower asset prices, as well as from trade channels,” said the IMF Managing Director, Ms Christine Lagarde, in Washington.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.