AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 136.75 Increased By ▲ 2.56 (1.91%)
BOP 9.22 Increased By ▲ 0.37 (4.18%)
CNERGY 4.75 Increased By ▲ 0.06 (1.28%)
DCL 8.83 Increased By ▲ 0.16 (1.85%)
DFML 38.44 Decreased By ▼ -1.34 (-3.37%)
DGKC 85.40 Increased By ▲ 0.25 (0.29%)
FCCL 35.35 Increased By ▲ 0.45 (1.29%)
FFBL 76.99 Increased By ▲ 1.39 (1.84%)
FFL 12.70 Decreased By ▼ -0.04 (-0.31%)
HUBC 108.79 Decreased By ▼ -0.66 (-0.6%)
HUMNL 14.74 Increased By ▲ 0.64 (4.54%)
KEL 5.55 Increased By ▲ 0.15 (2.78%)
KOSM 8.05 Increased By ▲ 0.30 (3.87%)
MLCF 40.70 Decreased By ▼ -0.67 (-1.62%)
NBP 71.40 Increased By ▲ 1.70 (2.44%)
OGDC 194.75 Increased By ▲ 1.13 (0.58%)
PAEL 27.00 Increased By ▲ 0.79 (3.01%)
PIBTL 7.48 Increased By ▲ 0.06 (0.81%)
PPL 167.95 Increased By ▲ 4.10 (2.5%)
PRL 26.25 Decreased By ▼ -0.11 (-0.42%)
PTC 20.40 Increased By ▲ 0.93 (4.78%)
SEARL 92.84 Increased By ▲ 8.44 (10%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.32 Increased By ▲ 1.27 (3.73%)
TPLP 8.98 Increased By ▲ 0.26 (2.98%)
TREET 17.34 Increased By ▲ 0.16 (0.93%)
TRG 59.50 Decreased By ▼ -1.50 (-2.46%)
UNITY 31.00 Increased By ▲ 2.04 (7.04%)
WTL 1.39 Increased By ▲ 0.02 (1.46%)
BR100 10,895 Increased By 118.9 (1.1%)
BR30 32,660 Increased By 426.2 (1.32%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

Indian shares fell for a third consecutive session on Friday to post a weekly loss, tracking weak global markets as caution prevailed about the possibility of an interest rate hike by the US Federal Reserve as early as June. The broader NSE index closed down 0.43 percent at 7,749.70, after rising as much as 0.37 percent earlier in the session. It lost 0.4 percent for the week.
The benchmark BSE index ended down 0.39 percent at 25,301.90. Sentiment has taken a beating this week over concerns that the US Federal Reserve would raise interest rates as early as June. Adding to these expectations, New York Fed President William Dudley - a permanent voting member of the central bank's rate-setting committee - said on Thursday the US economy could be strong enough to warrant a rate increase in June. "The market is a bit nervous about the possibility of a rate hike by the Fed next month. If global markets crack, then our markets will definitely follow suit," said Deven Choksey, managing director, KR Choksey Securities.
During midday trade, the broader NSE index was up 0.19 percent at 7,798.15 as of 0815 GMT, while the benchmark BSE index rose 0.21 percent to 25,452.89. ITC gained 1.5 percent ahead of its fourth-quarter results, which are expected later in the day. The tobacco company is expected to post a near 8 percent rise in sales while its cigarette volumes are seen flat. Among decliners, airline SpiceJet Ltd slumped 8.2 percent due to a one-time expense of 1.73 billion rupees.

Copyright Reuters, 2016

Comments

Comments are closed.