Nomura buys Lehman's Europe i-bank arm
RNRL mulls Rs 12,000 cr capex for cement, shipping
Financial closure for 2 mega plants this year: Reliance Power
RPL to tap opportunities for N-power
RBI's new directions for NBFCs
Tata buys stake in Riversdale Mining
Computer helper: What you need to know about Chrome
RPL's second refinery to go onstream in Nov
RIL stock falls on gas output delay
N-deal with India to support 2.5 lakh high-tech jobs in US
Lehman re-opens under Barclays ownership, 10k jobs offered
RBI credit policy review on October 24
Anil fires another salvo against Mukesh
Etisalat buys 45% in Swan for $900mn
RNRL vs. RIL: Anil says price no issue
Punj Lloyd bags $800mn Qatar Petro order
Bailout uncertainty, oil sinks Wall St
All about the bailout plan
Bernanke urges Congress to approve $700 b
Nagarjuna Construction bags Rs 413-cr orders
Ranbaxy open offer: Excess shares to be returned
Reliance’s $6 billion plant to run by mid-November
4 SEZs in Tamil Nadu get in-principle nod
Crude oil climbs by $25 a barrel
Hindalco to raise Rs 5,047 cr via rights issue
BPCL to invest Rs 1,500 cr on 24 oil exploration blocks
Shareholders approve SAIL-BRL merger
Asian Markets Follows Wall Street Losses
Market Timings due to Sun Outage
Reliance Capital Reliance Industries Limited
Bombay Rayon Fashions
Sakthi Sugars Panacea Biotec
Exide Industries GSK Pharma
Onmobile Global Reliance Industries Ltd
India Cements Reliance Industries
NTPC, India Real Estate NIIT Ltd
Bharti Airtel Ltd
Indian Banks exposure to failed investment banks
Post Session Commentary - Sep 23 2008
Battered market
Gold Surpasses $ 900 Mark Again
FII India Holding List
Havells India
Hindustan Unilever, Gateway Distripaks
India's trade deficit balloons
Source:ET, sify, BS , Deadpresident blog.
23 September 2008
Sensex sheds 425 pts on weak global cues
Sensex sheds 425 pts on weak global cues
The Wall Street tumbled yesterday on uncertainties over the details regarding the US Government's $700 billion plan to fix the financial market turmoil. With a sharp surge in crude oil prices also dampening the sentiment, Asian markets followed suit and the mood back home was not any different this morning.
Astro predictions on Sensex
There was a smart recovery in mid morning trade when the Sensex rebounded by over 250 points from a low of 13,721.42, thanks to some strong buying in Reliance Industries, ONGC and a few other blue chip stocks. However, the rally proved short-lived and the Sensex started sliding down fast in afternoon trade. A weak close on Asian bourses, the negative trend in European markets and the decline of US index futures never allowed any recovery thereafter.
Stockometer
While the Sensex, which plunged to a low of 13,543.47, ended at 13,570.31 with a loss of 424.65 points or 3.03%, the Nifty settled at 4126.90, a few points off a low of 4117.90, with a loss of 96.15 points or 2.28%.
Top gainers
Information technology, realty and bank stocks took a severe beating. Mirroring their fall, the respective sectoral indices went down by 5.07%, 4.68% and 4.19% respectively. BSE Teck eased by 3.54%. The Consumer Durables, Capital Goods, Metal, Power, Auto, Healthcare and FMCG indices slipped by 1% - 2.5%. BSE Oil & Gas and PSU lost 0.82% and 0.9% respectively.
Worst losers
Reflecting the sell-off in midcap and smallcap segments, the BSE Midcap and Smallcap indices ended lower by 2.06% and 1.63% respectively. Ranbaxy Laboratories lost over 11% on reports the Canadian drug regulator, Health Canada, issued a notice to Ranbaxy saying it will be particularly cautious about drug marketing applications from Ranbaxy after the US drug regulator blocked the sale of more than 30 generic medicines made in two factories by the company.
Software majors Satyam Computer Services (down 5.95%), Tata Consultancy Services (down 5.9%), Wipro (down 5.75%) and Infosys Technologies (down 5.15%) ended with sharp losses.
Realty stock DLF lost 6.25%. Housing finance major HDFC ended lower by 5.5%. Banking sector heavyweights ICICI Bank (down 5.45%), HDFC Bank (down 4.6%) and State Bank of India (down 4.05%) also declined sharply.
Jaiprakash Associates ended with a loss of 5.35%. Tata Motors lost over 5%. Tata Steel (down 4.6%), BHEL (down 3.4%), Grasim Industries (down 2.4%), Maruti Suzuki (down 2.35%), Sterlite Industries (down 2.15%), Larsen & Toubro (down 1.8%), Bharti Airtel (down 1.75%), Hindalco (down 1.55%), Reliance Infrastructure (down 1.5%), Reliance Industries (down 1.35%), ITC (down 1.1%) and Hindustan Unilever (down 1%) ended on a very weak note.
NTPC lost 0.9%. Mahindra & Mahindra and Reliance Communications ended with modest losses. ONGC declined marginally. ACC and Tata Power closed in the positive territory with small gains.
Unitech, Punjab National Bank, Suzlon Energy, Zee Entertainment, Ambuja Cements, SAIL, Siemens and Power Grid Corporation were among the prominent losers in the Nifty index.
Sun Pharmaceuticals (3.4%), Nalco (2.85%), BPCL (2.35%), Cairn India (1.45%), Hero Honda (1.35%) and HCL Technologies (0.7%) ended with notable gains.
Deccan Chronicle Holdings, Rolta India, Gujarat Minerals, Sintex Industries, Lanco Infratech, India Bulls Real Estate, HDIL, LIC Housing Finance, Educomp Solutions, Canara Bank and Hindustan Construction Company were among the major losers from BSE 'A' Group.
The market breadth was weak. Out of 2652 stocks traded on the BSE, 1823 stocks closed on a negative note. 760 stocks posted gains and 69 stocks ended flat.
------------------------------------------------
Equities tumble on US market woes
Nifty Sept premium eases, call buying at 4100
Sensex slips 425pts; banking, realty, IT stocks weigh
Source:ET,Sify.BS
The Wall Street tumbled yesterday on uncertainties over the details regarding the US Government's $700 billion plan to fix the financial market turmoil. With a sharp surge in crude oil prices also dampening the sentiment, Asian markets followed suit and the mood back home was not any different this morning.
Astro predictions on Sensex
There was a smart recovery in mid morning trade when the Sensex rebounded by over 250 points from a low of 13,721.42, thanks to some strong buying in Reliance Industries, ONGC and a few other blue chip stocks. However, the rally proved short-lived and the Sensex started sliding down fast in afternoon trade. A weak close on Asian bourses, the negative trend in European markets and the decline of US index futures never allowed any recovery thereafter.
Stockometer
While the Sensex, which plunged to a low of 13,543.47, ended at 13,570.31 with a loss of 424.65 points or 3.03%, the Nifty settled at 4126.90, a few points off a low of 4117.90, with a loss of 96.15 points or 2.28%.
Top gainers
Information technology, realty and bank stocks took a severe beating. Mirroring their fall, the respective sectoral indices went down by 5.07%, 4.68% and 4.19% respectively. BSE Teck eased by 3.54%. The Consumer Durables, Capital Goods, Metal, Power, Auto, Healthcare and FMCG indices slipped by 1% - 2.5%. BSE Oil & Gas and PSU lost 0.82% and 0.9% respectively.
Worst losers
Reflecting the sell-off in midcap and smallcap segments, the BSE Midcap and Smallcap indices ended lower by 2.06% and 1.63% respectively. Ranbaxy Laboratories lost over 11% on reports the Canadian drug regulator, Health Canada, issued a notice to Ranbaxy saying it will be particularly cautious about drug marketing applications from Ranbaxy after the US drug regulator blocked the sale of more than 30 generic medicines made in two factories by the company.
Software majors Satyam Computer Services (down 5.95%), Tata Consultancy Services (down 5.9%), Wipro (down 5.75%) and Infosys Technologies (down 5.15%) ended with sharp losses.
Realty stock DLF lost 6.25%. Housing finance major HDFC ended lower by 5.5%. Banking sector heavyweights ICICI Bank (down 5.45%), HDFC Bank (down 4.6%) and State Bank of India (down 4.05%) also declined sharply.
Jaiprakash Associates ended with a loss of 5.35%. Tata Motors lost over 5%. Tata Steel (down 4.6%), BHEL (down 3.4%), Grasim Industries (down 2.4%), Maruti Suzuki (down 2.35%), Sterlite Industries (down 2.15%), Larsen & Toubro (down 1.8%), Bharti Airtel (down 1.75%), Hindalco (down 1.55%), Reliance Infrastructure (down 1.5%), Reliance Industries (down 1.35%), ITC (down 1.1%) and Hindustan Unilever (down 1%) ended on a very weak note.
NTPC lost 0.9%. Mahindra & Mahindra and Reliance Communications ended with modest losses. ONGC declined marginally. ACC and Tata Power closed in the positive territory with small gains.
Unitech, Punjab National Bank, Suzlon Energy, Zee Entertainment, Ambuja Cements, SAIL, Siemens and Power Grid Corporation were among the prominent losers in the Nifty index.
Sun Pharmaceuticals (3.4%), Nalco (2.85%), BPCL (2.35%), Cairn India (1.45%), Hero Honda (1.35%) and HCL Technologies (0.7%) ended with notable gains.
Deccan Chronicle Holdings, Rolta India, Gujarat Minerals, Sintex Industries, Lanco Infratech, India Bulls Real Estate, HDIL, LIC Housing Finance, Educomp Solutions, Canara Bank and Hindustan Construction Company were among the major losers from BSE 'A' Group.
The market breadth was weak. Out of 2652 stocks traded on the BSE, 1823 stocks closed on a negative note. 760 stocks posted gains and 69 stocks ended flat.
------------------------------------------------
Equities tumble on US market woes
Nifty Sept premium eases, call buying at 4100
Sensex slips 425pts; banking, realty, IT stocks weigh
Source:ET,Sify.BS
Subscribe to:
Posts (Atom)