Markets cut loses
The markets opened on a very weak note with heavy gap down on account of extremely negative cues from the Asian markets. Technology and metal stocks are the hardest hit counters in the opening trade.
But now the markets have made a recovery ,but are still trading in red.At 11.50 pm the sensex is trading 51 points down at 13620,while Nifty is trading at 3999.80 down by 11 points.
Top gainers on the Sensex are Guj Ambuja Cem at Rs 114.35 up 1.24%, Hero Honda at Rs 651.90 up 0.47% and Ranbaxy Labs at Rs 341.50 up 0.43%.
Top losers on the Sensex are HDFC at Rs 1,555 down 2.49%, Infosys at Rs 2,039.70 down 1.84% and Larsen at Rs 1,633.05 down 1.59%.
The major March 2007 quarter result today is that of cement major, ACC. The firm is expected to unveil strong numbers on the back of firm prices. The stock was down 0.46% to Rs 812.80, on a volume of 1.54 lakh shares.
Japanese shares led Asian stock markets lower on Thursday, with exporters nursing hefty falls after local currencies strengthened and investors worried that Chinese economic data could spark turbulence.
China postponed its announcement about the latest economic data from Thursday morning to the afternoon, which sparked speculation that it could be an attempt to blunt the market impact of an exceptionally strong batch of data. Strong data may lead to another rise in interest rates. The Shanghai Composite Index had dropped 3.3% by mid-morning before recovering to stand down 1.75% in hectic trade. Japan’s Nikkei was down 2% and Hong Kong’s Hang Seng was down 1.49%.
But now the markets have made a recovery ,but are still trading in red.At 11.50 pm the sensex is trading 51 points down at 13620,while Nifty is trading at 3999.80 down by 11 points.
Top gainers on the Sensex are Guj Ambuja Cem at Rs 114.35 up 1.24%, Hero Honda at Rs 651.90 up 0.47% and Ranbaxy Labs at Rs 341.50 up 0.43%.
Top losers on the Sensex are HDFC at Rs 1,555 down 2.49%, Infosys at Rs 2,039.70 down 1.84% and Larsen at Rs 1,633.05 down 1.59%.
The major March 2007 quarter result today is that of cement major, ACC. The firm is expected to unveil strong numbers on the back of firm prices. The stock was down 0.46% to Rs 812.80, on a volume of 1.54 lakh shares.
Japanese shares led Asian stock markets lower on Thursday, with exporters nursing hefty falls after local currencies strengthened and investors worried that Chinese economic data could spark turbulence.
China postponed its announcement about the latest economic data from Thursday morning to the afternoon, which sparked speculation that it could be an attempt to blunt the market impact of an exceptionally strong batch of data. Strong data may lead to another rise in interest rates. The Shanghai Composite Index had dropped 3.3% by mid-morning before recovering to stand down 1.75% in hectic trade. Japan’s Nikkei was down 2% and Hong Kong’s Hang Seng was down 1.49%.
Labels: Nifty.Sensex
posted by SY at 11:48 AM
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