Results(HDFC,Satyam etc), Corp Headlines

Where will the Sensex head to now?
Buffett says he's buying US stocks
Rupee falls to its lowest in 6 years
FIIs sell off stocks worth Rs 1,161 cr
FX reserves dip to $274.004 bn

India Inc margins shrink in Q2
RBI may cut rates next week
PSU stocks rise sharply
'Nifty BeES good for equity exposure'
India Infoline Q2 net up at 40 cr
HDFC Ltd Q2 net dips 17% at Rs 534.23 cr

Satyam Q2 net up 42% at Rs 581 cr Fri, 17
FIIs’ selling touches $11 b
Mphasis Q2 net up 2-fold at Rs 141 cr
Elecon Engineering Q2 net down 7 pc at Rs 16.01 cr

Steel industry still holds promising future
Tata Steel says to cut Corus steel output
Steel cos to invest over Rs 6,00,000cr,take steel prod to 230m
Nifty futures in discount as short build up, Reliance pack in ruins
Google Q3 profits up 26% at $1.35 bn

HDFC net up 32.4% at Rs 534cr
Satyam Q2 net up 42% at Rs 581cr

Sensex off 53% from record high (17/10/2008,16:06 Hours IST)The BSE Sensex slumped to its lowest level in over two years on worries of global recession. More
Heavyweight RIL's rout pulls Sensex below 10,000 (17/10/2008,16:31 Hours IST)Reliance Industries slumped 6.58% to Rs 1305.25, extending its two-day fall, on fears of fall in refining margins. More

Corporate Results
JK Papers Q2 net down 17.5%
Tata Coffee net up 44% at Rs 17 cr
Zensar Technologies Q2 net up 20% at Rs 13.70 cr
Elecon Engineering Q2 net down 7% at Rs 16.01 cr
Mphasis Q2 net up at Rs 141 cr
Satyam Q2 net up 42% at Rs 581 cr

Corporate Results
India Infoline net profit declines 29.23% in the September 2008 quarter
Net profit of India Infoline declined 29.23% to Rs 32.23 crore in the quarter ended September 2008 as against Rs 45.54 crore during the previous quarter ended September 2007. Sales rose 25.14% to Rs 163.91 crore in the quarter ended September 2008 as against Rs 130.98 crore during the previous quarter ended September 2007.

eClerx Services net profit rises 119.49% in the September 2008 quarter

Housing Development Finance Corporation net profit declines 17.35% in the September 2008 quarter
Net profit of Housing Development Finance Corporation declined 17.35% to Rs 534.23 crore in the quarter ended September 2008 as against Rs 646.39 crore during the previous quarter ended September 2007. Sales rose 38.47% to Rs 2615.10 crore in the quarter ended September 2008 as against Rs 1888.60 crore during the previous quarter ended September 2007.

Satyam Computer Services net profit rises 43.22% in the September 2008 quarter
Net profit of Satyam Computer Services rose 43.22% to Rs 597.43 crore in the quarter ended September 2008 as against Rs 417.15 crore during the previous quarter ended September 2007. Sales rose 38.61% to Rs 2700.52 crore in the quarter ended September 2008 as against Rs 1948.24 crore during the previous quarter ended September 2007.


Source:ET,CapitalMkt,BS etc

Results:HDFC Bk,Sasken,Indusind Bk ,Biocon etc

HDFC Bank Q2 net profit rises 43% YoY

MUMBAI: HDFC Bank Ltd has reported an interest earned of Rs 3991.21 crore for the quarter ended on Sep 30, 2008, up 68.92 per cent compared with Rs 2362.76 crore in the same quarter of 2007. Interest expended increased 77.05 per cent to Rs 2,124.76 crore in Jun-Sep quarter of 2008 against Rs 1,200.08 crore in the same quarter of previous year. Net profit grew 43.29 per cent to 43.29 per cent to Rs 527.98 crore in Sep quarter of 2008 from the earlier year. On Thursday, HDFC Bank shares ended down 4.15 per cent to Rs 1087.35 on BSE.
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Sasken Comm Q2 net profit falls 21% QoQ
GTL Q2 net profit rises 41% YoY
HCL Tech Q1 net profit down 4% QoQ
---------------------------------------------
MphasiS net profit rises 128.74% in the September 2008 quarter
Net profit of MphasiS rose 128.74% to Rs 112.70 crore in the quarter ended September 2008 as against Rs 49.27 crore during the previous quarter ended September 2007. Sales rose 54.59% to Rs 639.00 crore in the quarter ended September 2008 as against Rs 413.34 crore during the previous quarter ended September 2007.

State Bank of Indore net profit rises 22.38% in the September 2008 quarter
Rallis India net profit declines 59.18% in the September 2008 quarter
Finolex Cables net profit declines 93.28% in the September 2008 quarter

Peninsula Land net profit rises 62.07% in the September 2008 quarter
Net profit of Peninsula Land rose 62.07% to Rs 54.60 crore in the quarter ended September 2008 as against Rs 33.69 crore during the previous quarter ended September 2007. Sales declined 5.82% to Rs 110.54 crore in the quarter ended September 2008 as against Rs 117.37 crore during the previous quarter ended September 2007.

HDFC Bank net profit rises 43.29% in the September 2008 quarter
Net profit of HDFC Bank rose 43.29% to Rs 527.98 crore in the quarter ended September 2008 as against Rs 368.48 crore during the previous quarter ended September 2007. Total operating income rose 68.92% to Rs 3991.21 crore in the quarter ended September 2008 as against Rs 2362.76 crore during the previous quarter ended September 2007.

Sasken Communication Technology net profit declines 48.68% in the September 2008 quarter
GTL net profit declines 21.56% in the September 2008 quarter
Piramal Life Sciences reports net loss of Rs 26.31 crore in the September 2008 quarter
NIIT Technologies net profit declines 5.72% in the September 2008 quarter

IndusInd Bank net profit rises 50.67% in the September 2008 quarter
Net profit of IndusInd Bank rose 50.67% to Rs 33.66 crore in the quarter ended September 2008 as against Rs 22.34 crore during the previous quarter ended September 2007. Total operating income rose 21.82% to Rs 549.87 crore in the quarter ended September 2008 as against Rs 451.37 crore during the previous quarter ended September 2007.

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HDFC Bank Q2 net profit Rs 528 cr
Sasken Comm Q2 net profit down 24% at Rs 10.4 cr
Piramal Life Sciences Q2 net loss at Rs 26.3 cr
IndusInd Bank Q2 net profit up 51% at Rs 33.6 cr
NIIT Tech Q2 net profit at Rs 36.7 cr
Biocon Q2 net profit at Rs 25.02 cr
Kingfisher Airlines FY08 net loss at Rs 188 cr
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Source:ET,Indiaearnings, Capital Mkt

Sensex recover from 10K levels (- 228 pts) , Inflation Cools to 11.44 percent

Equities sheds losses; Sensex closes 2% down

MUMBAI: Equities
rebounded sharply on Thursday from fresh lows of the year but still ended in the negative terrain weighed by losses in index heavyweights Reliance Industries, TCS and Hindalco Industries. Markets opened with a sharp gap-down following selloff in global markets which plunged on recessionary and economic slowdown fears. Bearish sentiments pulled benchmarks to new lows of 2008.

However, both Sensex and Nifty fell short of breaking important psychological supports. Measures announced by Reserve Bank of India overnight to address liquidity, and earlier than scheduled release of inflation data during the day, checked markets from tripping further. Positive opening of US stocks futures and European markets paring losses lifted sentiments.

Bombay Stock Exchange’s Sensex closed 227.63 points or 2.11 per cent down at 10,581.49. The index recovered over 500 points from the low of 10,017.80. National Stock Exchange’s Nifty ended at 3,269.30, down 2.07 per cent or 69.10 points. It touched a high of 3,333.85 and low of 3,099.90.

“Sensex went close to 10,000 and bounced back as fresh buying came in and some short positions were also covered. But the mood is bad and Sensex may go down to 9000 and Nifty may test 2900,” said chief technical analyst, Sandeep Waghle of Angel Stock Broking. Hindalco Industries (-12.15%), Tata Motors (-11.17%), TCS (-8.64%), Grasim Industries (-8.05%), Reliance Industries (-8.03%) and Larsen & Toubro (-7.55%). Reliance Communications (9.80%), DLF (8.25%), Hindustan Unilever (7.22%), HDFC (5.17%) and State Bank Of India (3.13%) were amongst the gainers. Interest rate sensitive sectors like realty and banking recovered sharply and ended in the green after inflation eased further and RBI cut CRR rate.

India's wholesale price index-based inflation rate rose 11.44 per cent in the week to Oct 4, against the previous week's rise of 11.80 per cent. The rate was below a median forecast of 11.86 per cent. In addition to that, RBI cut cash reserve ratio by another 100 basis points with retrospective effect from October 11 in addition to 150 basis points cut announced earlier. With this move, the federal bank has brought around 1 lakh crore to boost liquidity in the system. BSE Realty Index which was over 7 per cent down in the morning closed 5.15 per cent higher. BSE Bankex closed 0.43 per cent up. Vinod Nair of Religare Hichens Harrisons pointed out that the cooling off in global commodity prices has helped to bring down domestic inflation.

Nair said that towards the middle of November, the high base effect of the previous year should help to possibly bring inflation down to single digits. According to Sujan Hajra of Anand Rathi, the easing in inflation was anticipated and a further cooling down in the months ahead is expected. US stock futures were pointing towards a firm opening ahead of quarterly results by financial institutions and economic data. This gave further support to recovering domestic market. But post market hours, US stock futures pared gains and Dow Jones futures were down from 120 points to 52 points and Nasdaq futures were up 6 points from 16 points. Meanwhile, Citigroup reported a fourth consecutive quarterly loss. The third quarter loss was at $2.8 billion. Merrill Lynch reported $5.15 billion of losses.

Nifty Oct premium widens on short covering; Reliance, L&T tumble
Sensex ends off lows; Realty stocks gains
Realty stocks back in action; BSE Realty up 8%
-----------------------------------------------------
Inflation cools a bit to 11.44% amidst market volatility

NEW DELHI: The annual inflation rate took a slight dip to 11.44 per cent for the week ended October 4. It was 11.80 per cent for the week ended September 27. The dip has been attributed to cooling of commodity prices.

The WPI for all commodities has dipped by 0.5 per cent for the week ended October 4.
Meanwhile inflation for the week ended August 9 was revised up to 12.82 percent from 12.63 percent.

The wholesale price index is forecast to have risen 11.86 per cent in the 12 months to October 4, having posted a rise of 11.80 percent in the previous week. In early August, the inflation rate was 12.91 per cent, the highest reading since annual numbers in the current data series became available in April 1995. It jumped into double digits after a hike in government-controlled retail fuel prices in June. Analysts said inflation has probably already peaked, and may now embark on a downtrend, but the base effect was likely to play a key role in the next few weeks. "Shortages of primary articles at the start of the festival season will also be seen and the import of non-oil articles will play some role," said Rupa Rege Nitsure, chief economist at Bank of Baroda.

However, three of the 10 economists saw inflation slowing further from the previous week and continuing to ease. "Everything will see a fair bit of decline. There will be some fall in the manufacturing, a small bit in the primary articles as well. The fuel index is also likely to go down," said Saugata Bhattacharya, economist with Axis Bank.


Source:ET

Corp Headlines, Results:Larsen,HCL,Cont.Corp etc

Results:

Container Corporation Of India net profit rises 28.48% in the September 2008 quarter
Net profit of Container Corporation Of India rose 28.48% to Rs 223.68 crore in the quarter ended September 2008 as against Rs 174.10 crore during the previous quarter ended September 2007. Sales rose 9.78% to Rs 903.36 crore in the quarter ended September 2008 as against Rs 822.88 crore during the previous quarter ended September 2007

HCL Technologies net profit declines 3.93% in the September 2008 quarter
Net profit of HCL Technologies declined 3.93% to Rs 253.79 crore in the quarter ended September 2008 as against Rs 264.17 crore during the previous quarter ended September 2007. Sales rose 6.61% to Rs 1175.80 crore in the quarter ended September 2008 as against Rs 1102.86 crore during the previous quarter ended September 2007.

CMC net profit rises 18.53% in the September 2008 quarterSales decline 28.41% to Rs 177.36 crore
ICSA India net profit rises 66.31% in the September 2008 quarter
Larsen & Toubro net profit rises 32.25% in the September 2008 quarter
HCL Tech Q1 net profit at Rs 356.2 cr

Electrosteel Casting Q2 net profit at Rs 42.1 cr
L&T Q2 PAT up 32.47% at Rs 461 crore
South Indian Bank Q2 net profit up at Rs 51.6 cr
IFCI Q2 net profit at Rs 259 cr
Sonata Software Q2 Cons net profit at Rs 21.6 cr
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Business HEADLINES

JPMorgan profit plummets on loan losses
ICICI regains most valued domestic private bank status
RIL plans power foray with mining, coal-to-oil projects
RIL, NTPC may smoke peace pipe on KG gas
1,900 staff are being given notices of separation: Jet

Reliance Infrastructure plans to spend Rs 30000 crore in next 5-6 years
Nehru was nominated for Nobel peace prize 11 times
RBI cuts CRR by 100 basis points
Govt, RBI agree on more policy steps: P Chidambaram
Frontline stocks likely to lead rally when market rebounds

L&T stock falls 10% as OPM down 20 bps
Hotel Industry
ONGC
Lupin, Axis Bank, Sterlite Industries, India Banki...

Post Session Commentary - Oct 15 2008
Below 11k again
Indian market underperforms global peers as Sensex...
Trading Calls - Oct 15 2008
India Investment Strategy
MRPL
Media Sector

Source:Indiaearnings, ET, Capital Market, Deadpresident etc

Sensex lose 675 pts, RBI cuts CRR 100 bps, Larsen Toubro Results below estimates

Weak global cues, disappointing L&T nos thrashed mkts

It was a dreadful session for the markets, as benchmark indices have given up 70-75% gain, which they had seen in first two days of this week. It seemed that markets fizzled out two days pullback rally due to bad global cues, wherein financial stability is still big concern for global banks. Asian and European markets have witnessed huge selling pressure. The Sensex has closed below 10,900 and the Nifty tanked below 3350.

Redemption pressure has led this sell off. Incremental flows are negative at FII desk; selling in metal pack continues. A leading foreign fund has turned negative on the metal sector. L&T has failed to impress street by its second quarter numbers; entire capital goods space is under pressure post results. Midcap and small cap stocks are still vulnerable to margin call pressure.
Finance Minister P Chidambaram said that the inter-bank lending still remains constrained and that it was important to enhance credit limits. The government and the Reserve Bank of India or RBI have agreed that measures have to be taken immediately, he said.

RBI is going to announce some measures in the evening to ease liquidity in financial system; experts feel that this news would be good for tomorrow's gap up opening. But nervousness in global markets due to financial instabliity could nullify RBIs move.

Liquidity concerns have taken a centrestage, a high-powered panel of bankers met in Mumbai to assess the needs to boost credit flow and the announcement is likely shortly. After speaking to three-four Chairmen from the meeting, Suvashree Ghosh of NewsWire18 said that they have lobbied for a CRR, Repo and an SLR cut in the meeting. “They explained that further liquidity will be injected in the system and measures will be taken to ensure that there is adequate credit flow across the sectors.”

Experts feel that CRR cut may be between 50-100 bps. SLR is also expected to be cut and interest caps on NRI deposits may be removed. There are not much hopes of repo cut, but that would not be ruled out.

Shankar Sharma of First Global feels RBI's last few CRR hikes may have been excessive. On liquidity, Sharma said India had a lot of liquidity but it was sucked out by RBI. "The central bank may be slightly behind the curve in freeing liquidity. Sentiment in market has soured, so fresh liquidity may not work. The Monetary Policy may not change the course of downward trend."

Larsen and Toubro crashed 11% on the back of dissappointing second quarter numbers. The company's Q2 topline is in line while bottomline is below street expectations. Net sales stood at Rs 7682.20 crore and net profit at Rs 460.26 crore while CNBC-TV18 estimated numbers were Rs 7,314 crore and Rs 494 crore, respectively. Margins also declined to 8.8% from 10.7% YoY.
Speaking on L&T numbers, Ajay Parmar, Head-Ideas Research at Emkay Global Financial Services, said, "Results of a company like L&T gives a perspective of the entire industry. If the margin goes from 10% to 8%, an almost 25% cut, then it seems that the slowdown in the industry has now been getting crystallized into numbers.” He sees tough times ahead for engineering companies and that is the reason for the fall in the L&T stock."

BSE Capital Goods index plunged 788.19 points or 8.88% to 8,088.01. Areva T&D, Punj Lloyd, Crompton Greaves and Thermax fell 12-14%. Elecon Engg, Suzlon Energy, BEML, ABB, Alstom Projects and BHEL lost 6-8%.

The BSE Sensex plummeted 674.28 points or 5.87%, to settle at 10,809.12, after hitting an intraday low of 10,760.33. The NSE Nifty Fifty has touched an intraday low of 3324.55, before closing the day down by 180.25 points or 5.12% at 3338.40.

The BSE Midcap Index tumbled 171.55 points or 4.41% to 3,720.48 and the Small Cap Index closed at 4,393.45, down 222.44 points or 4.82%.Short build continued in Nifty futures; it ended at 0.6 premium. Aggressive short build up was seen in Index heavyweights. Aggressive short build up was also seen in infrastructure stocks post L&T results and short build up continued in Metal stocks. Fresh Short build up was seen in IT stocks as well.

Among the frontliners, Jaiprakash Associates, Reliance Communication, Reliance Infrastructure, L&T, Tata Steel and Sterlite Industries fell 10-14.5%. Not a single stock was in green on the Sensex while only three stocks namely Sun Pharma, BPCL and Hero Honda were in green on the Nifty.............MOre Weak global cues, disappointing L&T nos thrashed mkts

Sensex slips below 11K again; L&T tumbles 11%

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RBI cuts CRR by 100 bps to 6.5% / CRR cut again

RBI cuts CRR by 100 bps; announces measures to improve liquidity

The Reserve Bank of India, or RBI, has cut the CRR by 100 bps to 6.5% with effect October 11, reports CNBC-TV18. CRR is the amount that banks park with the central bank. The move will inject Rs 40,000 crore into the system.
The banks may borrow up to 50% of free Tier-I from foreign branches. The 0.5% NDTL Leeway on SLR will be in addition to 1% given since September 16. The additional leeway on SLR is purely a temporary measure to meet mutual funds’ cash needs. The central bank said it has been continuously monitoring the liquidity situation. The banks can borrow 0.5% more of NDTL at the special repo to lend to mutual funds. The rate ceiling on 1-3 year NRE(E)RA deposit will be Libor plus 100 bps. The higher FCNR(B), NR(E)RA deposit rates are effective immediately.

On October 10, RBI had cut the cash reserve ratio, or CRR, by 150 basis points to 7.5% to infuse liquidity into the system. This included a 50 bps CRR cut on October 6.The cut injected liquidity to the tune of Rs 60,000 crore into the system.

Earlier today, Finance Minister P Chidambaram said RBI will provide Rs 25,000 crrore to lending institutions immediately, reports CNBC-TV18. "It will give Rs 7,500 crore to commercial banks and Rs 17,500 crore to Nabard, or National Bank for Agriculture and Rural Development."

RBI’s measures have infused considerable additional liquidity into the market, he said. "The central bank will enable smooth flow of credit for term loans and working capital."

MOre @ RBI cuts CRR by 100 bps to 6.5%

CRR cut may soften lending rates: Bankers

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L&T Q2 net up 32% / L&T Q2 net up 32% at Rs 460 cr

Larsen and Toubro Ltd has posted 32 per cent rise in net profit at Rs 460.2 for the second quarter ended September 2008 against Rs 348.02 crore in July-September 2007.

The engineering and construction major posted a 42 per cent increase in its total income for Q2 at Rs 7,842.2 crore as against Rs 5,523.2 crore in same periods last year, according to filing with Bombay Stock Exchange.
The earnings per share after extra-ordinary item was Rs 15.74.
On October 08, the company allotted bonus equity shares of Rs 2 each, fully paid up, and in the ratio of one bonus share for every existing share to all registered shareholders as on the record date (October 3, 2008).
The earnings per share data disclosed above exclude the effect of the allotment of bonus shares.

---------------------------------------------

Source: ET,SIfy,BS etc

Q2 Results: IFCI, NDTV,South Indian Bk etc

IFCI net profit declines 47.91% in the September 2008 quarter

Sales decline 35.24% to Rs 383.11 crore
Net profit of IFCI declined 47.91% to Rs 259.06 crore in the quarter ended September 2008 as against Rs 497.29 crore during the previous quarter ended September 2007. Sales declined 35.24% to Rs 383.11 crore in the quarter ended September 2008 as against Rs 591.60 crore during the previous quarter ended September 2007.

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South Indian Bank net profit rises 44.80% in the September 2008 quarter
Net profit of South Indian Bank rose 44.80% to Rs 51.68 crore in the quarter ended September 2008 as against Rs 35.69 crore during the previous quarter ended September 2007. Total operating income rose 31.22% to Rs 400.84 crore in the quarter ended September 2008 as against Rs 305.47 crore during the previous quarter ended September 2007.

Modern India net profit rises 63.92% in the September 2008 quarter
Jubilant Organosys reports net loss of Rs 24.39 crore in the September 2008 quarter
New Delhi Television reports net loss of Rs 13.04 crore in the September 2008 quarter
Sonata Software Q2 Cons net profit at Rs 21.6 cr

Indo Tech Q2 net profit at Rs 14.2 cr view table
Indo Tech Transformers has declared its second quarter results. Its net profit was at Rs 14.2 crore versus Rs 10.24 crore.

Mastek cons Q1 net profit at Rs 41.2 cr

Other Corp News:
RBI to inject Rs 20,000 cr to help MFs
Mark Mobius sees markets close to bottom
‘India will get 35% power from n-plants’
Banks allowed to take positions in interest futures

Larsen and Toubro to foray into Brazil by 2009
Jet, Kingfisher in talks for strategic tie-up
RBI to pump in Rs 20,000 cr to help MFs meet redemption needs
RBI sets rules on derivative contracts
Govt, RBI set to ease liquidity


Source:ET,Sify,BS, CM, IE etc

Sensex slides from intra-day high, but still ends 174 pts up

Sensex slides from intra-day high, but still ends 174 pts up
Nifty ends with modest gains as rally fizzles out

Equities ended off highs on Tuesday as profit booking set in at higher levels half way through the session. While buying was seen in IT and healthcare stocks, meltdown in commodities market weighed on metal stocks.

The Sensex and Nifty opened higher by 500 points and 150 points respectively, as other Asian markets welcomed the move by global economies to infuse liquidity in banks. Reserve Bank of India’s decision to infuse funds to the tune of Rs 20,000 crore through short-term lending route to help mutual funds meet their liquidity needs and overcome redemption pressure, further lifted sentiments. But the euphoria was short-lived as traders took it as opportunity to offload positions pulling indices to lower levels.

The BSE Sensex ended at 11,483.40, up 174.31 points or 1.54 per cent from its previous close. The index fell 400 points from the high of 11,870. NSE’s Nifty fell 130 points from its high of 3648.25 to close at 3,518.65, up 0.80 per cent or 27.95 points. The index touched a low of 3,491.50.

“Market opened with a gap-up but as selling emerged at higher levels the gap closed and the market ended on weak note. We are in a corrective rally and the bottom is not made yet. If 3,100 doesn’t hold, Nifty may fall to 2800-2850,” said, Bharat Dalal, fund manager, Dawnay Day AV Financial Services. BSE Midcap Index ended up 1.60 per cent and BSE Smallcap Index closed 2.25 per cent higher. BSE IT Index was up 5.36 per cent, BSE Healthcare Index moved 4.66 per cent higher and BSE Realty Index gained 1.84 per cent. BSE Metal Index ended 1.94 per cent lower.

Biggest Sensex gainers were Satyam Computer (7.38%), Infosys Technologies (5.87%), Jaiprakash Associates (5.2%), ICICI Bank (5.18%) and Reliance Infrastructure (5.09%). However, losses in Reliance Communications (-4.83%), Hindalco Industries (-4.11%), ONGC (-3.81%), HDFC Bank (-3.47%) and NTPC (2.7%) capped the upside. Market breadth on BSE showed 1,656 declines against 972 advances.

European markets continued with their up-run after several European governments came forward to inject funds in the banking system. FTSE 100 was up 5.69 per cent, CAC 40 advanced 5.09 per cent and DAX was up 5.33 per cent. US stock index futures are also pointing towards a gap-up opening on reports of plans to inject $250 billion into embattled banks. Dow Jones futures were up 0.4 per cent and Nasdaq 100 futures were up 1.2 percent.

Source:ET,Sify

If you had invested Rs 1 lakh on Jan 10, 2008...What would be the Value As on Oct 10 2008

If you had invested Rs 1 lakh on Jan 10, 2008...

A bout of negative news flows over the last few weeks has led to high volatility in the stock markets across the globe, including India. So much so that the Sensex has already fallen by more than 50 per cent from the all-time peak of 21206 on January 10 this year, and experts believe the markets might shed more weight in the near term owing to the current financial crisis, weak international cues and concerns of slowing down of world economy.

Last Friday also, the Sensex shed 800.17 points, after being down by close to 1,100 points at one stage, and ended at 10,527.85. In the current scenario, have you ever tried to find out the worth of your money if you had invested Rs 1 lakh in any of the following scrips on Jan 10, 2008?

Jaiprakash Associates
Closing on Jan 10: Rs 430.95
Closing on Oct 10: Rs 76.15
Change (%): (-) 82.33
Your Rs 1 lakh would now be worth: Rs 17,670

More Stk Comparison with details: If you had invested Rs 1 lakh on Jan 10, 2008...

Source:ET

Top Headlines Today

Top Headlines Today
Mkt recover on FM comments, positive global cues
Jet, Kingfisher join forces to tide over slump
Nano may roll out on Ratan Tatabs 71st bbday
No risk for ICICI UK arm: Moody's, S&P
Axis Bank Q2 net goes up by 77 per cent

BSNL to roll out 3G services in NE states, Chennai by Jan
Figures too can lie: IIP under cloud, govt works on new index
ICICI Bank surges 19 pc after CEO's assurance
Kamath asserts ICICI Bank has no liquidity problem
Billionaire investor Soros backs US' rescue plan

Axis Bank net surges 77% to Rs 403cr
Moody's, S&P also give clean chit
US stocks: Futures jump on bank rescues; Morgan higher
Core Projects and Technologies massive Fall
BSE Bulk Deals to Watch - Oct 13 2008
NSE Bulk Deals to WAtch - Oct 13 2008

Capital Goods
Futures and Options - Oct 13 2008
India Pharma
Markets pull back
Post Session Commentary - Oct 13 2008
Market recovers on firm global stocks

Suzlon Energy
CRR Cut, Infosys Technologies, Results Preview
Chemcel Biotech ends at 68% discount over IPO pric...
Reliance Industries
Market may remain volatile
Bullion metals drop for second straight day
Market may recover in volatile trade

SOurce:Sify,ET,Deadpresident,BS etc