GSTN is a non‐profit organization for facilitating the collection of Goods & Services Tax (GST)

The share price of HDFC Bank rose more than 1 percent intraday on August 30 as the company plans to sell its entire stake in software company Goods & Services Tax Network.

The company has agreed to sell its entire stake of 10 percent in the equity share capital of Goods & Services Tax Network (GSTN) consisting of 10,00,000 equity shares of Rs 10 each, for a total consideration of Rs 1 crore to various State Governments and Union Territories, as per a company release.

The bank’s promoter Housing Development Finance Corporation (HDFC) is also a shareholder in GSTN.

GSTN is a non‐profit organization for facilitating the collection of Goods & Services Tax (GST).

HDFC Bank was quoting at Rs 2,253.50, up to Rs 25.90, or 1.16 percent on the BSE.

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If Nifty has to regain any strength, the bank index needs to step up. Hence, one needs to closely watch how banking conglomerates perform in the coming week

The market witnessed selling pressure, which pushed the Nifty below the 10,650 marks on August 23. Fortunately, strong buying emerged at lower levels in the following hour and thereafter, the index saw a V-shaped recovery to not only trim all losses but also to enter the positive territory and reclaim the 10,800 marks

We are trading in an extremely oversold zone and reached crucial February lows around 10,600. Technically, we can see the formation of ‘Bullish Piercing’ pattern on the daily chart (in Nifty).

The said pattern will show its significance once the index manages to sustain above 10,900. In this scenario, we can expect further recovery towards 11,050–11,150.

If Nifty has to regain any strength, the bank index needs to step up. Hence, one needs to closely watch how banking conglomerates perform in this week.

For Nifty, the support can be seen around 10,728–10,637 levels. In case of a breach, from these crucial supports, we can see an extended correction in the market.

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The 2.0-litre diesel engine (320d) produces an output of 190bhp and a maximum torque of 400Nm, accelerating the car from 0-100kph in 6.8 seconds

The 3 Series is one of BMW India’s best-selling cars, and the seventh-generation model launched this week is armed with tech gadgetry like smartphone entry, auto-reverse and an in-car assistant that learns drivers’ routine and driving style.

But what truly defines the 3 Series is not gadgetry; it’s the design and driving dynamics.

First, the design: The new 3 Series is marginally bigger than its predecessor. The bodywork has precisely drawn lines. At the front, the large BMW kidney grille—thankfully, it’s not as huge or as disproportionate as in the X7 or the new 7 Series—and the headlights leading off it are dominant themes. It has a longer wheelbase and shorter overhangs compared to the sixth-generation model. The rear has a sporty look thanks to the distinctive spoiler, slim L-shaped taillights with LED, and two large tailpipes. The company says optimised aerodynamics have reduced the car’s drag coefficient to 0.23 (the lower the drag coefficient, the more streamlined a vehicle is).

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A South African high court judge on Friday refused Zambia's state mining company ZCCM leave to appeal a previous ruling halting the sale of Vedanta Resources' majority-owned Konkola Copper Mines (KCM) pending arbitration

Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by ZCCM and the rest by Vedanta.

Zambia had accused KCM of breaching the terms of its licence, which Mumbai-listed Vedanta denies.

In July, a South African judge said wind-up proceedings must be immediately withdrawn until a final decision is made following arbitration. Zambia appealed and said it was proceeding with the liquidation.

Judge Leicester Adams said his main reasons for refusing leave to appeal were that ZCCM had raised nothing new and that leave would only be granted when a judge believed it could succeed.

The South African high court is recognised as a court in the context of the International Arbitration Act.

"There are no reasonable prospects of another court coming to different conclusions, be they on aspects of facts or law, to the ones reached by me. The appeal does not, in my judgement, have a reasonable prospect of success," the judge said in his ruling.

Vedanta said it remained committed to engaging with the Zambian government to find an amicable solution.

No-one from the Zambian government could immediately be reached for comment.

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Lenders to DHFL may take over the troubled housing finance company as a temporary measure if the consortium fails to find new investors

Shares of Dewan Housing Finance Corporation (DHFL) fell over 8 percent intraday on August 22 amid reports that lenders of the troubled NBFC are eyeing a 51 percent stake in the company by converting a part of debt into equity.

Lenders to DHFL may take over the troubled housing finance company (HFC) as a temporary measure if the consortium fails to find new investors. However, the resolution plan would also require the approval of all regulators in order to materialize.

The scrip has been under pressure lately. On August 19, the company reported a financial repayment default worth Rs 1,571 crore regarding the issuance of bonds and commercial papers.

Reacting to the news, the stock has been trading in the red for two straight sessions.

DHFL owes Rs 80,000 crore to banks, mutual funds, insurers and pension funds. As per norms laid down by the banking regulator, lenders are required to sign an Inter-creditor Agreement (ICA) to finalize a resolution process. But the involvement of entities other than banks, in this case, has complicated the process.

Meanwhile, Wadhawan Global Capital (WGC), the parent of cash-strapped Dewan Housing Finance Corp. Ltd (DHFL), is selling its loan distribution business Andromeda Sales and Distribution Pvt. Ltd to London-based metal trading firm, Metdist Group of companies for close to Rs 150 crore, Mint reported, citing sources.

The sale of Andromeda is part of WGC’s attempts to raise capital to meet debt obligations at the group’s flagship company DHFL.

DHFL was quoting Rs 42.35, down 7.13 percent on the BSE.

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After InterGlobe Aviation Ltd reported 13% growth in yields for the June quarter, investors were probably expecting smaller peer, SpiceJet Ltd, to follow suit. InterGlobe Aviation runs IndiGo, the country’s largest airline by market share

Unfortunately, that hasn’t played out. Paarth Gala, associate (institutional research) at Prabhudas Lilladher Pvt. Ltd said SpiceJet’s yield for the June quarter increased by just 2% year-on-year. Broadly, this is a tad below Street expectations. As such, Gala was expecting it to increase by 3%.

“The airline’s operations remained stressed for a large portion of this quarter due to the continued grounding of its superior B737 MAX aircraft," highlighted the management in the investor presentation.

This limited the airline’s ability to take its yields up, owing to passenger disruptions and re-accommodation; while simultaneously increasing its fixed costs on this category of aircraft, added the company.

Even so, SpiceJet clocked a handsome 35% increase in operating revenues, helped by capacity expansion. A combination of robust revenue growth and 3% decline in fuel CASK (cost per available seat km, a unit measurement for airlines) helped the company clock 88% growth in its Ebitdar. Ebitdar is earnings before interest, taxes, depreciation, amortization and lease rentals, which is a key measure of profitability for airlines.

At the net level, SpiceJet reported a net profit of about 262 crores, far ahead of the Street estimate of 137.5 crores. One of the primary reasons for this steep jump in profitability, versus expectations, is the sharp growth in other income. That’s because SpiceJet has recognized aircraft and supplemental lease rentals worth 114 crores, incurred during the quarter relating to the 737 MAX aircraft, as other income.

As such “adjusted profit of 140 crores is broadly in line with our estimates," said SBICAP Securities Ltd’s analysts in a note.

SpiceJet added 32 aircraft during the quarter, taking its total fleet count to 107 as on 30 June 2019. The company had expected its grounded 737 Max aircraft to resume normal operations by July-August. However, the uncertainty around the resumption of services still persists.

The company’s shares have outperformed the BSE 500 index considerably so far in FY20. “Sector consolidation is an opportunity for SpiceJet to recoup lost market share, but the ability to profitably deploy the massive increase in capacity will be the key to the stock’s performance," said SBICAP analysts in a report on 15 July.

Here, substantial delays in resuming the 737 Max operations could hurt capacity growth. Yields are paramount as well. Unfortunately, considering that the current quarter is seasonally weak, the scope for expansion in SpiceJet’s yields appears limited.

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Reliance Jio has added 44 million active subscribers over the past six months, while Bharti Airtel and Vodafone Idea have lost 20 million and 68 million clients, respectively, most likely due to the introduction of minimum recharge plans, said a report from broking firm CLSA.

While Jio leads with 52 per cent share among 3G/4G users, Bharti's share has been stable at 23 per cent. But Bharti's incremental market share in 3G/4G additions during January-June has been much higher at 38 per cent. 

The Insurance Regulatory and Development Authority (IRDA) of India had reported that in June, mobile subscriber base increased by 4 million to 1,165 million, yet the active subscriber base declined by 6 million to 984 million. 

According to the CLSA report, over the past year, Jio gained 10 ppt active subscriber market share to 28 per cent. While Vodafone Idea lost 8 ppt to 33 per cent, Bharti has lost a mere 2 ppt to 32 per cent.

However, the divergence between active and reported subscribers remains high for both Jio and Vodafone Idea at 16 per cent against 1 per cent for Bharti Airtel.

With bundled (voice+data) plan tariffs 35 per cent higher than the blended average revenue per user (ARPU) and twice of voice ARPU, the adoption of bundled plans will drive ARPU recovery. 

"With India mobile phone mart headed to a 2-3 player market and a recovery in sector revenues, driven by stability in tariffs and rising data adoption, we remain positive on Jio and Bharti Airtel has given strong market-share defence and inevitable turn in revenues," CLSA said.

However, Vodafone Idea's out-of-control gearing also remains a key concern, CLSA said.

The report says the 3G/4G penetration is at 50 per cent and Vodafone Idea is lagging on this. In June, the sector added 13 million 3G/4G clients, taking the subscriber base to 576 million. 3G/4G subscribers now form 49 per cent of the reported mobile subscriber base.

The report also dwells on the low mobile number portability (MNP) requests, yet a decline in active subscribers irony.

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State-run power generator NTPC's Kaniha unit in Angul district of Odisha is facing coal shortage due to a strike by villagers at the Kaniha Open Cast Project (KOCP)

The coal supply to the Kaniha unit from KOCP has stopped since August 18 due to a strike by villagers at the end of the mine, an NTPC statement said on Tuesday.

NTPC has a 3,000 MW (6x500) super thermal power station at Kaniha near Talcher.

Generation at NTPC's Kaniha unit was severally hit due to stoppage of coal supply for almost two weeks following an accident at the Bharatpur mines on July 23.

As many as four persons were feared dead after being trapped under the debris following a landslide in the mines.

NTPC-Kaniha was severely affected leading to the shutdown of four units and generated about 600 MW with two remaining units relying on left out yard stock and railway coal receipts.

"After the strike was called off from Talcher Coal Mines on August 7, the station started getting coal from Lingaraj Mines and Kaniha OCP and the situation improved partially. But still, the station is critical as there is no build-up of coal in the stockyard," the statement said.

However, owing to the ongoing strike at Kaniha OCP, coal availability has been severely affected and may lead to a progressive shutdown of units, which will affect the power supply to various states, including Odisha, it added.

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Indian shares were volatile on Tuesday after gains in IT stocks were largely offset by declines in financial stocks, as cautious investors awaited more details on reports of a corporate tax rate cut by the government before making fresh bets 

The broader NSE Nifty gave up early gains to fall 0.32% to 11,017.70 by 0430 GMT, while the benchmark BSE Sensex was down 0.19% at 37,335.38.

Meanwhile, broader Asian shares climbed higher, reflecting gains seen in U.S. stocks on Monday, as hopes of more stimulus measures from China and Germany eased jitters of an impending global recession.

In India, investors awaited more details on some media reports suggesting that a task force set up to overhaul the 58-year old Income Tax Act recommended an across-the-board 25% tax rate for both local and foreign companies.

"We've not seen concrete steps by the government yet about (corporate tax) rate cut and other reforms, but some fears of a recession have faded," said Anand James, chief market strategist at Geojit Financial Services.

"It is safe to say that there might be a small shift in sentiment."

The Nifty PSU bank index, tracking state-owned banks, shed 1.5%, with State Bank of India falling about 1.08%.

Shares of Vodafone Idea Ltd fell as much as 6.67%. On Monday, the telecom operator said Ravinder Takkar would replace Balesh Sharma as its chief executive officer.

Indian markets have been facing rough winds in the recent months, with the NSE index falling about 8% since a record high in June, amid slowing economic growth, a massive slowdown in the automobile industry and poorly received budget proposals.

"Until we get clarity on what is happening with global and local growth, markets will have some sort of downward bias," said Sunil Sharma, chief investment officer, Sanctum Wealth Management in Mumbai.

Meanwhile, IT stocks were trading in positive territory with the Nifty IT index rising up as much as 1.78%. IT services provider Infosys Ltd was the top gainer on the NSE Nifty, rising as much as 2.3%, while shares of industry peer Wipro Ltd gained as much as 1.25%.

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Shares of Lemon Tree Hotels Ltd that operates primarily in the mid-priced segment, traded at a new 52-week low on Thursday on the National Stock Exchange. By the day’s end, the stock fell by 7% to 52.90, lower than its issue price of  56 at the time of the initial share sale in March 2018

Evidently, investors aren’t satisfied with the company’s June quarter results. Revenues increased by 11% over the same period last year to  141 crores. Addition of rooms helped fetch more revenues. Lemon Tree saw a 19% increase in the number of rooms to 5,828 during the June quarter. On the other hand, growth in average daily room rate remained subdued at 2.6% year-on-year.

In general, a combination of the consumption slowdown, the general election, closure of Jet Airways (India) Ltd and the liquidity crunch owing to the NBFC (non-banking financial company) crisis have weighed on Lemon Tree’s daily rate growth. Even as its occupancy rate rose from 76.8% in the June quarter last year to 77.5%, the measure is flattish on a sequential basis.

Despite the revenue growth, the company was not able to eke out a net profit for the quarter. Amit Agarwal, senior analyst at Nirmal Bang Equities Pvt. Ltd wrote in a report on 8 August that the June quarter results show a net loss of  1.7 crores adjusted for Indian Accounting Standard (Ind-AS) 116 related to leasing rent accounting. This is against a net profit of  2.3 crores for the year-ago quarter.

“The loss was primarily on account of rising employee expenses and other expenses, increasing our concerns about the company’s ability to rationalize costs," he noted. Lemon Tree’s employee costs and other expenses increased by 16% and 12%, respectively. Adjusting for Ind-AS, earnings before interest, tax, depreciation and amortization margin has declined year-on-year.

Analysts from Kotak Institutional Equities said in a report on 8 August: “Recent weakness in earnings performance, coupled with delays in project execution, as well as promoter pledge during the quarter, has weighed on the stock performance."

To that extent, the drop in the Lemon Tree stock price helps valuations seem reasonable. Addition of new rooms should support revenue growth. The company plans to take the total room count to 8,800 across 58 cities by 2021. Still, investors are likely to watch the pace of growth in the average daily rate closely before checking into the Lemon Tree stock.

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The results did not meet analyst estimates. An analysts’ poll of Reuters estimated the net profit at Rs 492.9 crore and revenues at Rs.4461.6 crore

Shares of Cipla fell 3 percent intraday on August 8, a day after the pharma major reported muted numbers for the June quarter as revenues declined in India and South Africa, which account for nearly half of the company's sales.

The company’s net profit grew 0.4 percent at Rs 447.2 crore in Q1FY20 against Rs 445.6 crore in the year-ago period.

Revenue declined 1 percent to Rs 4,067.39 crore in Q1, compared to Rs 4,109.10 in June 2018.

The results did not meet analyst estimates. An analysts’ poll of Reuters estimated the net profit at Rs 492.9 crore and revenues at Rs 4461.6 crore.

The Indian business, which accounts for one-third of Cipla's sales, declined 12.2 percent year on year (YoY) to Rs 1,355 crore due to the realignment of distributors in the trade generics, a company report has said.

Revenues from South Africa, Sub-Saharan Africa and Global Access (SAGA) declined 17 percent YoY to Rs 691 crore on the softness of tender business. However, sales from the private market in South Africa continued to grow.

Post Q1 results, the global brokerage firm CLSA downgraded the stock from Outperform to Sell on dismal Indian sales, slashing the target price to Rs 460 from Rs 600.

CLSA also cut EPS (earning per share) estimates over FY20-22 by 9-14 percent, citing the absence of a near-term catalyst.

"No big launches in the US in the near-term should keep growth outlook muted," the brokerage said.

Financial services company Citi also cut the target price to Rs 580 from Rs 600, maintaining a neutral call on India's fourth-largest drugmaker.

According to Citi, the company has beaten expectations on EBITDA and net income.

"Moving parts make it difficult to gauge the underlying strength of numbers. The company believes trade generics could take one more quarter to normalise. Other businesses should be back to normal from Q2," said Citi.

The brokerage revised FY20-21 EPS estimates by 4-5 percent, citing uncertainty over the pace of recovery in the trade generics business.

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India's Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweller Tiffany & Co to open a line of stores in the country, adding yet another marquee name to its growing portfolio of brands

Tiffany, popular for its engagement rings and robin's egg blue boxes, plans to open stores in New Delhi and Mumbai in the second half of fiscal years 2019 and 2020 respectively, the company said, adding that India's "growing luxury consumer base presents a unique opportunity".

The tie-up comes as Reliance, which is run by Asia's richest man Mukesh Ambani and runs a sprawling conglomerate, bolsters its consumer-focused units such as retail and telecoms to match the strength of its dominant oil and gas business. The company bought British toy retailer Hamleys earlier this year.

For Tiffany, known for its diamond engagement rings and a flagship Manhattan store made famous by Audrey Hepburn, the deal represents its latest effort to expand globally as it battles subdued demand in the United States and Europe.

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North America Class 8 truck orders fell 81 percent year-on-year to 9,800 units in July and the month-on-month decline was 25 percent

Shares of auto ancillary and defence company Bharat Forge fell 5 percent intraday to hit 3-year low on August 6. North America truck orders declined sharply compared to the previous month. Bank of America Merrill Lynch also downgraded the stock and slashed price target, citing slow exports.

The stock lost nearly 40 percent of its value in the last one year to Rs 398.40, the lowest level since August 3, 2016. It was quoting at Rs 409.00, down Rs 10.10, or 2.41 percent on the BSE while Ramkrishna Forgings was down 6 percent at Rs 431, at 1132 hours IST.

North America Class 8 truck orders fell 81 percent year-on-year to 9,800 units in July and the month-on-month decline was 25 percent.

The truck orders in July 2018 stood at 52,122 units and 13,000 units in June 2019.

Bharat Forge receives 12 percent of revenues from North American truck sales.

In addition, Bank of America Merrill Lynch downgraded the stock to neutral from buying and cut price target to Rs 450 from Rs 540 earlier as slowing export momentum is a risk to near-term earnings.

"Outlook for exports across Class 8 trucks & industrial forgings has weakened," said the brokerage which expects standalone profit margin to shrink by 120 bps on a 2-year basis and sees significant room for growth from defence vertical & passenger vehicle exports.

While having a neutral rating on Bharat Forge with a target price at Rs 439 per share, Japanese brokerage Nomura said monthly truck production should come down given low order inflows.

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Online furniture market place WoodenStreet is planning to raise $10 million in the next 12 months, the company said in a statement on Sunday

According to the company, the newly-raised fund would be utilised for an "omnichannel" expansion across India, including an increase in footprint in four more cities -- Mumbai, Hyderabad, Chennai and Pune -- by the next quarter. 

"Currently, we operate 15 stores across India. As we grow, we are planning to open 20 more stores, which will help our base of 1 lakh customers increase by five-fold," said CEO Lokendra Ranawat.

WoodenStreet started in 2015 with the feature of customization of solid wood furniture, enabling customers to transform the looks and functionality of their furniture as they see fit. 

"With the prospect of new funds, the company will also head in the direction of augmented reality-enabled furniture experience, allowing customers to project an interactive 3D model of furniture," the statement said.

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India's biggest automaker, Maruti Suzuki India Ltd, said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia's third-largest economy

The vehicle industry, accounting for nearly half of India's manufacturing output, is facing one of its worst slowdowns in nearly a decade, with vehicle sales falling rapidly. There is little sign of a swift revival.

Maruti Suzuki said in an email sent to Reuters it employed 18,845 temporary workers on average in the six months ended June 30, down 6% or 1,181 from the same period last year. The company also said job cuts had accelerated since April.

Two sources familiar with the matter said the company would freeze hiring new employees until the downturn reversed.

It is the first time the reduction has been reported. The listed firm is not required to disclose any reduction in its temporary workforce.

India's jobless rate rose to 7.51% in July 2019 from 5.66% a year earlier, according to private data group CMIE. Those figures do not include many people on the margins of society who are day labourers and are often unemployed or underemployed.

Economists say government jobless figures are out of date and lack credibility.

Maruti Suzuki, majority-owned by Japan's Suzuki Motor Corp, said it had not reduced its 15,892-strong more permanent workforce. It declined to say whether further reductions were planned or comment on the hiring freeze.

The automaker previously said it had cut production by 10.3% in the first six months of the year.

Maruti Suzuki, which produces every second passenger vehicle sold in India, reported a 33.5% decline in sales in July to 109,265 vehicles compared with July 2018.

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Mitesh Thakkar of mitesshthakkar.com recommends selling Maruti Suzuki with a stop loss of Rs 5520 and target of Rs 5380 and Shree Cements with a stop loss of Rs 20600 and target of Rs 19000

The BSE Sensex gained 83.88 points to 37,481.12 while the Nifty 50 strongly defended psychological 11,000-mark and rose 32.60 points to close at 11,118.

The broader markets also rebounded to close higher with the Nifty Midcap index rising 1.38 percent and Smallcap index gaining 0.4 percent.

In July, the BSE Sensex lost nearly 5 percent and the Nifty 50 shed 5.7 percent and formed a bearish candle on the monthly charts. It was the worst July for Nifty in the last 17 years.

According to the pivot charts, the key support level is placed at 11,029.83, followed by 10,941.67. If the index starts moving upward, the key resistance levels to watch for out are 11,175.73 and 11,233.47.

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All the sectoral indices are trading in the red led by the metal, pharma, bank, IT, infra, auto, FMCG and energy

Shares of Escorts touched a 52-week low of 452.70, falling nearly 4 percent in the early trade on August 1 on the back of poor sales in the month of July 2019.

Escorts' Agri Machinery Segment (EAM) in July 2019 sold 4,860 tractors against 5,610 tractors sold in July 2018.

Domestic tractor sales in July 2019 at 4,505 tractors against 5,483 tractors in July 2018.

Export for the month of July 2019 at 355 tractors registering a growth of 179.5 percent as against 127 tractors sold in July 2018

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Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonnes per annum (MTPA) bulk terminal in Hazira, Gujarat, on Tuesday announced a 22 per cent growth in its third-party business during the first quarter ended June, on a year-on-year basis

The company achieved an overall cargo throughput of 7 million tonnes (MT) in the first quarter of the financial year 2019-20, of which 1.1 MT was third-party cargo, the company said in a statement, adding that the share of third-party cargo in overall cargo volumes also rose to 15.7 per cent.

The statement also said that the overall cargo growth was up 2.9 per cent.

"There is a significant upswing in the region's economic activity and the Hazira terminal is well placed to capitalise on the opportunity. The focus on operational efficiencies and increase in third-party cargo will be major catalysts in fuelling future growth," it said.

Essar Ports' current operations span four terminals with a combined capacity of 110 MTPA. Having clocked a throughput of 40 MT in fiscal 2018-2019, Essar Ports is expecting to handle over 60 MT in the current financial year, it added.

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"The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT," the company said in a statement.                                                                                                                                                  

Realty portal NoBroker.com has raised USD 51 million from investors, including General Atlantic, for business expansion. This is the Series C Funding.

NoBroker has raised USD 71 million so far.

"The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT," the company said in a statement.

NoBroker.com is a tech-based, brokerage-free real estate platform that makes real estate transactions seamless and efficient.

It also provides other services starting from house search to packers and movers, home loans, cleaning services etc.

More than 25 lakh properties are already registered on NoBroker and over 60 lakh individuals have used the portal's services.

"We plan to use this capital to further innovate and strengthen our ML/AI to make the transactions seamless and quicker," Akhil Gupta, CTO and co-founder of NoBroker.com, said.

NoBroker currently operates an end-to-end transaction model in five cities -- Mumbai, Bengaluru, Pune, Chennai and Gurgaon.

"This current funding round will support us in our plans to expand our operations. We will also invest in our home store and financial services products," Amit Kumar, CEO and co-founder of NoBroker.com, said.

Saurabh Garg, CBO and co-founder of the portal, said, "This funding comes at a time when we are already seeing huge traction.

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कारोबारी सप्ताह के पहले दिन सोमवार को अमेरिकी बाजार में कच्चे तेल की कीमतों में गिरावट से ऊर्जा शेयरों पर दबाव पड़ा, जिससे एसऐंडपी 500 में कमजोरी दर्ज की गयी।

लीबिया में बंदरगाहों के दोबारा खुल जाने से कल कच्चे तेल में गिरावट आयी। एसऐंडपी ऊर्जा सूचकांक 1.2% नीचे फिसला। वहीं फेसबुक, अमेजन और एल्फाबेट जैसे तकनीकी दिग्गजों में भी 1% से अधिक की गिरावट दर्ज की गयी। 

सोमवार को डॉव जोंस इंडस्ट्रियल एवरेज (Dow Jones Industrial Average) 44.95 अंक या 0.18% की बढ़ोतरी के साथ 25,064.36 पर बंद हुआ। वहीं नैस्डैक कंपोजिट (Nasdaq Composite) 20.25 अंक या 0.26% की कमजोरी के साथ 7,805.72 पर बंद हुआ। साथ ही एसऐंडपी 500 (S&P 500) 2.88 अंक या 0.10% की गिरावट के साथ 2,798.43 पर बंद हुआ। कल अमेरिकी बाजार में कच्चे तेल (Brent Crude) के दाम 4.86% की कमजोरी के साथ 71.84 डॉलर प्रति पर बंद हुए। उधर यूरोपीयन बाजारों में भी गिरावट दर्ज की गयी।

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