Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
REUTERS SHOWCASE
Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
European shares pare losses to turn flat
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
A trader looks at computer screens at Madrid's bourse April 12, 2012.
Credit: Reuters/Andrea Comas/Files
LONDON |
LONDON (Reuters) - European shares pared earlier losses to turn flat on Tuesday, with gains in telecom stocks offsetting declines in financial and mining shares.
The FTSEurofirst 300 index was flat at 1,161.45 points by 0853 GMT, having initially opened down by around 0.1 percent.
The STOXX 600 European telecoms sector rose 0.8 percent, helped by a 2.6 percent rise in Vodafone (VOD.L) with traders citing fresh speculation that U.S. group Verizon (VZ.N) could buy Vodafone's stake in Verizon Wireless.
Central Markets senior broker Joe Neighbour said many investors remained upbeat on equities.
"Trend followers will still be in bullish mode," he said.
(Reporting by Sudip Kar-Gupta)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters