 "Indian markets shaky as China slides 4%")
Markets traded volatile with a negative bias this Tuesday after China’s Shanghai index slid nearly 4 per cent in the early trades that left many investors shaken.
At 9:40AM, the 30-share Sensex shed 37 points at 18,508 and the 50-share Nifty declined 10 points at 5,579 levels.
Meanwhile, the NSE's volatility index, or India VIX, rose 10.4 percent to 21.01, its highest close since June 25, 2012 reflecting the rising volatility in options ahead of the expiry of June derivative contracts on Thursday.
The Fed may trim its monthly bond purchases by $20 billion to $65 billion in September, a Bloomberg survey showed.
China’s stocks fell, deepening their slump into a bear market on liquidity concerns.
Mirroring the concerns, Asian stocks traded lower with Nikkei falling 0.4% to 13,002, Singapore Straits Times gained 0.3% to 3,084, Hong Kong’s Hang Seng declined 1% to 19,604 while China’s Shanghai Composite index was down 3.9% at 1,888.
Back home, all the key sectoral losers included autos, consumer durables while metal, oil & gas, PSU, power rose on the BSE.
The gainers included counters such as Sterlite and Hindalco Industries rising over 1%, Bharti Airtel gained 1.4%, ONGC added 1% while Sun Pharma rose 0.8% on the BSE.
At 9:40AM, the 30-share Sensex shed 37 points at 18,508 and the 50-share Nifty declined 10 points at 5,579 levels.
Meanwhile, the NSE's volatility index, or India VIX, rose 10.4 percent to 21.01, its highest close since June 25, 2012 reflecting the rising volatility in options ahead of the expiry of June derivative contracts on Thursday.
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Global investor sentiments, however, remained edgy after Federal Reserve Chairman Ben Bernanke hinted towards tapering off the bond-buying programme popularly known as ‘quantitative easing’ sooner-than-expected once US economy shows sustainable signs of recovery.
The Fed may trim its monthly bond purchases by $20 billion to $65 billion in September, a Bloomberg survey showed.
China’s stocks fell, deepening their slump into a bear market on liquidity concerns.
Mirroring the concerns, Asian stocks traded lower with Nikkei falling 0.4% to 13,002, Singapore Straits Times gained 0.3% to 3,084, Hong Kong’s Hang Seng declined 1% to 19,604 while China’s Shanghai Composite index was down 3.9% at 1,888.
Back home, all the key sectoral losers included autos, consumer durables while metal, oil & gas, PSU, power rose on the BSE.
The gainers included counters such as Sterlite and Hindalco Industries rising over 1%, Bharti Airtel gained 1.4%, ONGC added 1% while Sun Pharma rose 0.8% on the BSE.