Markets end with deep cut: Nifty closes below 5,100
It was an extremely volatile session for markets as they closed in deep red after opening on a robust note.
Sensex closed down 372.33 points or 2.12% at 17221.74, and the Nifty down 169.95 points or 3.27% at 5033.45.
Finance Minister P Chidambaram today said that some more measures would be taken to moderate capital inflows. He said there was a need to moderate some capital inflows without hurting the flow of capital that stimulates the economy.
Reliance Energy, the country’s largest power utility in terms of net profit declined 9.29% to Rs 1805. It was the top loser from Sensex pack. The stock moved in a wide range of Rs 1751.10 to Rs 2095.
India’s largest generation company in terms of net profit National Thermal Power Corporation (NTPC) slumped 8.81% to Rs 204 on profit booking. The stock had hit a high of Rs 229.90 in early trade. NTPC had surged 13.73% yesterday, 23 January 2008 on reports the company plans to invest Rs 1,729 crore for development of the Jharkhand coal mine.
India’a largest private sector firm by market capitalization and oil refiner Reliance Industries declined 2.75% to Rs 2484.70, off its early high of Rs 2640. 12.41 lakh shares changed hands on the counter on BSE
Hindalco (down 6.71% to Rs 150.05), Oil & Natural Gas Corporation (down 5.53% to Rs 937) and Wipro (down 6.05% to Rs 405) were the other losers from Sensex pack.
India’s largest dedicated housing finance company in terms of revenue Housing Development Finance Corporation gained 3.13% to Rs 2611. The stock swung wildly in band of Rs 2521 and Rs 2729. It was the top gainer from Sensex pack.
Satyam Computer Services (up 2.01% to Rs 401), ACC (up 1.56% to Rs 762), and Reliance Communications (up 1.10% to Rs 621.25),were the other gainers from Sensex pack
ICICI Bank, the country’s largest private sector bank in terms of net profit was down 1.37% to Rs 1135.05, off day’s high of Rs 1246. As pere reports, ICICI Securities, the investment banking and broking unit of ICICI Bank reportedly aims to raise up to $1 billion through a pre-IPO placement of shares.
India's biggest commercial bank State Bank of India rose 0.90% to Rs 2345. The bank unveils its Q3 December 2007 results today.
India’s largest FMCG company in terms of revenue Hindustan Unilever declined 3% to Rs 183.90. It was strong throughout the day, but slipped in late trade. It had touched high of Rs 202.90 during the day
There is a liquidity crunch in the secondary market at the moment with a lot of money tied up to the recently concluded mega Rs 11000-crore IPO of Reliance Power which was massively oversubscribed. The IPO was closed on Friday, 18 January 2008.
Sensex closed down 372.33 points or 2.12% at 17221.74, and the Nifty down 169.95 points or 3.27% at 5033.45.
Finance Minister P Chidambaram today said that some more measures would be taken to moderate capital inflows. He said there was a need to moderate some capital inflows without hurting the flow of capital that stimulates the economy.
Reliance Energy, the country’s largest power utility in terms of net profit declined 9.29% to Rs 1805. It was the top loser from Sensex pack. The stock moved in a wide range of Rs 1751.10 to Rs 2095.
India’s largest generation company in terms of net profit National Thermal Power Corporation (NTPC) slumped 8.81% to Rs 204 on profit booking. The stock had hit a high of Rs 229.90 in early trade. NTPC had surged 13.73% yesterday, 23 January 2008 on reports the company plans to invest Rs 1,729 crore for development of the Jharkhand coal mine.
India’a largest private sector firm by market capitalization and oil refiner Reliance Industries declined 2.75% to Rs 2484.70, off its early high of Rs 2640. 12.41 lakh shares changed hands on the counter on BSE
Hindalco (down 6.71% to Rs 150.05), Oil & Natural Gas Corporation (down 5.53% to Rs 937) and Wipro (down 6.05% to Rs 405) were the other losers from Sensex pack.
India’s largest dedicated housing finance company in terms of revenue Housing Development Finance Corporation gained 3.13% to Rs 2611. The stock swung wildly in band of Rs 2521 and Rs 2729. It was the top gainer from Sensex pack.
Satyam Computer Services (up 2.01% to Rs 401), ACC (up 1.56% to Rs 762), and Reliance Communications (up 1.10% to Rs 621.25),were the other gainers from Sensex pack
ICICI Bank, the country’s largest private sector bank in terms of net profit was down 1.37% to Rs 1135.05, off day’s high of Rs 1246. As pere reports, ICICI Securities, the investment banking and broking unit of ICICI Bank reportedly aims to raise up to $1 billion through a pre-IPO placement of shares.
India's biggest commercial bank State Bank of India rose 0.90% to Rs 2345. The bank unveils its Q3 December 2007 results today.
India’s largest FMCG company in terms of revenue Hindustan Unilever declined 3% to Rs 183.90. It was strong throughout the day, but slipped in late trade. It had touched high of Rs 202.90 during the day
There is a liquidity crunch in the secondary market at the moment with a lot of money tied up to the recently concluded mega Rs 11000-crore IPO of Reliance Power which was massively oversubscribed. The IPO was closed on Friday, 18 January 2008.
Labels: Nifty.Sensex
posted by SY at 6:32 PM
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