Tag Archives: slips

MARKET WRAP: Sensex slips 215 points, HDFC Bank falls 3%; Realty stocks hit

Benchmark indices ended lower on Monday led by losses in banking sector and real estate sector. The S&P BSE Sensex ended at 35,012, down 215 points while the broader Nifty50 index settled at 10,628, down 68 points. HDFC Bank was among the yop losers, slipping over 3 per cent to Rs 2,045 levels. Realty stocks came under selling pressure with the Nifty Realty index ... Read More »

Sensex slips after hitting record highs but over 50 stocks hit a lifetime high on BSE

The S&P BSE Sensex, which started with a small gap on the upside, was enough to take out its previous landmark high of 33,865.95 on 7th November to hit a fresh record high of 33,956.31 on Wednesday. The bulls failed to keep the momentum going beyond the opening tick and the index quickly pared gains and slipped in red in ... Read More »

UK construction output slips in June, economists see worse to come

British construction output fell roughly as much as expected in June, according to official data, with little evidence that the European Union referendum that month had an impact on builders at the time. The Office for National Statistics said construction output fell 0.9 percent in June compared with May, a slightly smaller drop than the 1.0 percent decline forecast in ... Read More »

Wall Street slips as solid data raises prospect of rate hike

Wall Street opened lower on Tuesday as data showed U.S. consumer prices recorded their biggest increase in more than three years in April, raising the chances of an interest rate hike this year. The Labor Department said the Consumer Price Index increased 0.4 percent last month, the largest gain since February 2013, after rising 0.1 percent in March. That took ... Read More »

Oil prices rise as dollar slips to 18-month low against yen

Oil prices rose on Tuesday as the dollar slipped to an 18-month low against the yen, potentially spurring fuel demand, but gains were restricted by rising Middle East output that renewed concerns of a global supply overhang. The international Brent crude benchmark LCOc1 was trading at $46.04 (31 pounds) per barrel at 0210 GMT, up 21 cents from its last ... Read More »

AstraZeneca slips on talk of possible £7bn bid for US cancer specialist

AstraZeneca has slipped back following weekend reports it was considering a £7bn bid for San Francisco cancer treatment specialist Medivation. The US company has already rejected an approach from France’s Sanofi, and is said to have hired advisers to help fend off any hostile move. Analysts believe there is likely to be interest from other pharmaceutical businesses, withAstraZeneca just one ... Read More »