Arab Today, arab today indian stocks retreat on recovery concerns
Last Updated : GMT 10:35:06
Arab Today, arab today
Arab Today, arab today

Indian stocks retreat on recovery concerns

Arab Today, arab today

Arab Today, arab today Indian stocks retreat on recovery concerns

Mumbai - Arabstoday

India\'s benchmark stock index fell for the first time in three days, tracking declines in other Asian markets, as weak US manufacturing and jobs data stoked concern the global economic recovery will slow. ICICI Bank Ltd, the nation\'s second-largest lender, lost 3.3 per cent, the most since May 23. Tata Motors Ltd., the owner of Jaguar Land Rover, dropped to its lowest since Sepember 17. The MSCI Asia Pacific Index lost 1.6 per cent after reports showed US manufacturing expanded at the weakest pace in more than a year and employers hired fewer workers than forecast. Reliance Communications Ltd, Reliance Infrastructure Ltd and other companies controlled by Anil Ambani tumbled after CNBC TV-18 reported that a court may rule on a plea to investigate the billionaire today. It didn\'t elaborate. The Bombay Stock Exchange Sensitive Index, or Sensex, lost 114.63, or 0.6 per cent, to 18,494.18 in Mumbai. The gauge closed on Wednesday at its highest level since May 2. The S&P CNX Nifty Index on the National Stock Exchange of India Ltd dropped 0.7 per cent to 5,550.35. Its June futures traded at 5,563. The BSE 200 Index fell 0.7 per cent to 2,297.44. \"Macro concerns on both global and domestic levels would weigh on the markets,\" Jigar Shah, head of research at Kim Eng Securities India Pvt. in Mumbai, said by phone. \"Nifty could decline toward 5,300 this month because of these concerns.\" India\'s factory output grew at the slowest pace in four months, a Purchasing Managers\' Index compiled by HSBC Holdings Plc and Markit Economics showed. Valuation premium The Sensex dropped 3.3 per cent in May, the most since the 11 per cent slump in January. It has lost 9.8 per cent this year amid concern higher borrowing costs will hurt earnings. Stocks on the measure are valued at an average 14.9 times estimated profit, down from 21.5 times in March 2010, last year\'s high. The MSCI Emerging Markets Index trades at 10.9 times earnings. Indian stocks will continue to lag behind emerging-market equities as rising interest costs and inflation erode profits, according to Morgan Stanley.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indian stocks retreat on recovery concerns Arab Today, arab today indian stocks retreat on recovery concerns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indian stocks retreat on recovery concerns Arab Today, arab today indian stocks retreat on recovery concerns

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday