The Sensex ended in the negative terrain led by banking, metal and consumer goods stocks. Sustained selling was seen across board.
Equities opened on a flat note with negative bias tracking global cues. The 30-share index, BSE Sensex opened with a loss of 9.69 points, at 8,804.15 on Friday. After few minutes of trading, Sensex moved up into the postive to trade on a flat note touching a high of 8,858.84 amid volatility. Later the index fell back into the negative and slipped further on intense selling witnessed in frontliners touching a low of 8,631.60. Banking, realty and metal sectors were the major draggers.
BSE Midcap and Smallcap index declined 1.56% and 1.50% respectively.
Among the sectoral indices, BSE Bankex tumbled 4.16%, Metal plunged 3.35%, Consumer goods shed 2.87% and Realty declined 2.45%.
Asian stocks declined after losses at Sony Corp. and Samsung Electronics Co. showed the global recession is eroding the profits.
The Sensex ended the day with a loss of 139.49 points, or 1.58% at 8,674.35 after touching a high of 8,858.84 and a low of 8,631.60. The broad-based NSE Nifty fell 35.25 points, or 1.30% at 2,678.55 after hitting a high of 2,765.55 and a low of 2,661.65.
Biggest gainers in the 30-share index were Tata Motors (1.81%), Reliance Industries (1.78%), Ranbaxy Laboratories (0.75%), and NTPC (0.28%).
On the other hand, Mahindra & Mahindra (7.93%), Tata Steel (7.17%), Jaiprakash Associates (6.95%), Reliance Communications (4.50%), State Bank Of India (4.34%), and ICICI Bank (3.71%) were the major losers in the Sensex.
Overall market breadth was extremely negative. Out of the total 2,501 stocks traded at BSE, 808 advanced, 1,600 declined while 93 remained unchanged.
Results :
JK Tyre and Industries, swung to loss for the quarter ended December 2008 on account of severe impact in the demand due to the unprecedented global economic slowdown affecting the automobile sector in no small measure.
Zee News, primarily a media company registered a rise of 18.40% in the consolidated net profit in the quarter ended December 2008.
Union Bank of India, one of the largest public sector banks reported a phenomenal rise in standalone net profit for the quarter ended December 2008 due to rise in interest income.
Edelweiss Capital, a diversified Indian financial services company registered a fall of 17.13% in the consolidated net profit in the quarter ended December 2008
Indices Trend
Sensex Nifty
Period Value % Change Value % Change
1 Week 9,046.74 (4.12) 2,736.70 (2.12)
1 Month 9,686.75 (10.45) 2,968.65 (9.77)
3 Months 8,701.07 (0.31) 2,584.00 3.66
6 Months 14,274.94 (39.23) 4,311.85 (37.88)
1 Year 18,152.78 (52.21) 5,274.10 (49.21)
Thanks to www.myiris.com
Equities opened on a flat note with negative bias tracking global cues. The 30-share index, BSE Sensex opened with a loss of 9.69 points, at 8,804.15 on Friday. After few minutes of trading, Sensex moved up into the postive to trade on a flat note touching a high of 8,858.84 amid volatility. Later the index fell back into the negative and slipped further on intense selling witnessed in frontliners touching a low of 8,631.60. Banking, realty and metal sectors were the major draggers.
BSE Midcap and Smallcap index declined 1.56% and 1.50% respectively.
Among the sectoral indices, BSE Bankex tumbled 4.16%, Metal plunged 3.35%, Consumer goods shed 2.87% and Realty declined 2.45%.
Asian stocks declined after losses at Sony Corp. and Samsung Electronics Co. showed the global recession is eroding the profits.
The Sensex ended the day with a loss of 139.49 points, or 1.58% at 8,674.35 after touching a high of 8,858.84 and a low of 8,631.60. The broad-based NSE Nifty fell 35.25 points, or 1.30% at 2,678.55 after hitting a high of 2,765.55 and a low of 2,661.65.
Biggest gainers in the 30-share index were Tata Motors (1.81%), Reliance Industries (1.78%), Ranbaxy Laboratories (0.75%), and NTPC (0.28%).On the other hand, Mahindra & Mahindra (7.93%), Tata Steel (7.17%), Jaiprakash Associates (6.95%), Reliance Communications (4.50%), State Bank Of India (4.34%), and ICICI Bank (3.71%) were the major losers in the Sensex.
Overall market breadth was extremely negative. Out of the total 2,501 stocks traded at BSE, 808 advanced, 1,600 declined while 93 remained unchanged.
Results :
JK Tyre and Industries, swung to loss for the quarter ended December 2008 on account of severe impact in the demand due to the unprecedented global economic slowdown affecting the automobile sector in no small measure.
Zee News, primarily a media company registered a rise of 18.40% in the consolidated net profit in the quarter ended December 2008.
Union Bank of India, one of the largest public sector banks reported a phenomenal rise in standalone net profit for the quarter ended December 2008 due to rise in interest income.
Edelweiss Capital, a diversified Indian financial services company registered a fall of 17.13% in the consolidated net profit in the quarter ended December 2008
Indices Trend
Sensex Nifty
Period Value % Change Value % Change
1 Week 9,046.74 (4.12) 2,736.70 (2.12)
1 Month 9,686.75 (10.45) 2,968.65 (9.77)
3 Months 8,701.07 (0.31) 2,584.00 3.66
6 Months 14,274.94 (39.23) 4,311.85 (37.88)
1 Year 18,152.78 (52.21) 5,274.10 (49.21)
Thanks to www.myiris.com
No comments:
Post a Comment