Markets tumbling
The markets opened in red with a deep cut today on the back of extremely weak cues from the global markets. Broad based selling was seen in the opening trade led by banking, IT and cap good stocks.At 11.50 hrs IST, the Sensex is down 539 points at 15011.92, and the Nifty down 161 points at 4367.50.
HDFC, the country’s leading housing finance company slumped 4.34% to Rs 1929.Bharti Airtel (down 3.92% to Rs 868), HDFC Bank (down 3.52% to Rs 1156.40), Bhel (down 3.84% to Rs 1665), and ACC (down 3.48% to Rs 1023.10) were the other losers.
India’s largest truck maker Tata Morors slipped 3.55% to Rs 674.45 after it reported 22.2% rise in net profit to Rs 466.76 crore in Q1 June 2007 over Q1 June 2006. Sales moved up 4.7% to Rs 6056.82 crore in Q1 June 2007 over Q1 June 2006.
Reliance Industries, the country’s largest private sector enterprise, lost 2.18% to Rs 1850 on 2.48 lakh shares.
Asian markets slipped in the red today, 1 August 2007, on Wall Street's decline. Nikkei tumbled 1.84% at 16,932.06.Singapore's Straits Times (down 2.56% at 3,456.80), Taiwan's Taiwan Weighted (down 3.40% at 8,971.58), Hang Seng (down 2.85% to 22,523.11) and South Korea's Seoul Composite (down 4.57% at 1,844.63) all slipped lower.
US tocks fell sharply on Tuesday (31 July 2007) as worries about the deteriorating US credit market flared up. The Dow slipped 146.32 points, or 1.10%, to 13,211.99 after being up as much as 140 points during the session. Broader stock indicators fell. The Standard & Poor's 500 index declined 18.64 points, or 1.26%, to 1,455.27, and the Nasdaq Composite index fell 37.01 points, or 1.43%, to 2,546.27.
HDFC, the country’s leading housing finance company slumped 4.34% to Rs 1929.Bharti Airtel (down 3.92% to Rs 868), HDFC Bank (down 3.52% to Rs 1156.40), Bhel (down 3.84% to Rs 1665), and ACC (down 3.48% to Rs 1023.10) were the other losers.
India’s largest truck maker Tata Morors slipped 3.55% to Rs 674.45 after it reported 22.2% rise in net profit to Rs 466.76 crore in Q1 June 2007 over Q1 June 2006. Sales moved up 4.7% to Rs 6056.82 crore in Q1 June 2007 over Q1 June 2006.
Reliance Industries, the country’s largest private sector enterprise, lost 2.18% to Rs 1850 on 2.48 lakh shares.
Asian markets slipped in the red today, 1 August 2007, on Wall Street's decline. Nikkei tumbled 1.84% at 16,932.06.Singapore's Straits Times (down 2.56% at 3,456.80), Taiwan's Taiwan Weighted (down 3.40% at 8,971.58), Hang Seng (down 2.85% to 22,523.11) and South Korea's Seoul Composite (down 4.57% at 1,844.63) all slipped lower.
US tocks fell sharply on Tuesday (31 July 2007) as worries about the deteriorating US credit market flared up. The Dow slipped 146.32 points, or 1.10%, to 13,211.99 after being up as much as 140 points during the session. Broader stock indicators fell. The Standard & Poor's 500 index declined 18.64 points, or 1.26%, to 1,455.27, and the Nasdaq Composite index fell 37.01 points, or 1.43%, to 2,546.27.
Labels: Nifty.Sensex
posted by SY at 11:38 AM
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