Ending one of the worst months in its history, the Sensex closed 743 points higher on account of short covering and positive Q2 earnings of some frontline companies. The broader benchmark Nifty also rallied nearly 7 per cent to end at 2885 levels. “ The markets markets have rallied almost 25 per cent from their [...]
Making the things worse, those hitting their record low share prices included big names like Reliance Power, Cipla, Ranbaxy, Ambuja Cement Signalling what could be a dark Diwali on Dalal Street, as many as 350 securities today hit their all-time lows as Sensex crashed by about 1,100 points and dipped below 9,000-mark for the first [...]
The 1,071-points plunge in Sensex on Friday has been the steepest ever in any single trading session and has pushed the index to its lowest in about three years The stock market bled heavily as investors on Friday hammered banking, realty and oil and gas stocks, pushing the benchmark Sensex down by about 1,100 points [...]
In line with fall in global markets, the domestic bourses on Wednesday closed in the red with the benchmark Sensex losing a hefty over 500 points to cut short the gaining trend of the past two days. Marketmen attributed the steep losses to heavy selling pressure, re-emerged on renewed worries of global economy falling into [...]
Stock markets on Tuesday rose for the second day in a row with the benchmark Sensex registering a gain of 460 points on heavy buying in consumer durables, realty and IT counters.The BSE barometer closed the day at 10,683.39, higher by 460.30 points, or 4.5%, from its last close. The wide-based National Stock Exchange index [...]
The company’s Q2FY09 consolidated operational results were above expectations. Revenues grew by about 13% q-o-q, well above estimates. Continued client traction helped.MphasiS has seen no instances of any major re-structuring at client end. It has benefited in vendor rationalization programs. EDS revenues at 40% of overall revenues, provide good visibility. The management has re-iterated delays [...]
After a promising start, the Sensex dropped by 606.14 points, or 5.73%, to 9,975.35, a level last seen in June 2006 The Bombay Stock Exchange benchmark Sensex on Friday sank to more than two-year lows under 10,000 points on panic selling by funds and general investors. After a promising start, the Sensex dropped by 606.14 [...]
Clive McDonnell of BNP Paribas Securities (Asia) Ltd says similar downside will be seen in other Asian markets as well Hong Kong-based executive director and head of equity strategy at BNP Paribas Securities (Asia) LtdClive McDonnell came wearing shorts for the interview at the Taj Mahal hotel in Mumbai. Not for long. He quickly changed [...]
Sensex plunge 5.78% to two-year lows Shares plunged 5.78% on Monday to close at two-year lows amid concerns that the global credit crunch will trigger more heavy foreign fund outflows, dealers said. The BSE benchmark 30-share Sensex index fell 724.62 points or 5.78% to 11,801.7, its lowest close since September 2006. “The markets were nervous [...]
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