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Prodigystocks is now following mercatoneannunci
Sep 17, 2010
Prodigystocks is now following Account Deleted
Sep 17, 2010
Mid Session Market Jul-01-2010 12:39 After a weak opening, the domestic markets at this mid-session are trading in red as the market sentiments turned bearish following profit booking in global indices. In the global markets, the Asian stocks are trading in negative after Chinese manufacturing growth slowed and Moody''s Investors Service placed Spain''s credit rating on review for a possible downgrade, fueling concern over the strength of the global economy. The U.S markets slumped on overnight trade following the disappointing private sector jobs report. Back home, the domestic markets opened sharply lower tracking weak global cues. Besides, India’s food inflation stood at 12.92% for the week ended 19th June 2010, the government data showed today. On the sectoral front – Metal and Realty stocks are witnessing most of the selling pressure. The broader market indices are trading in mix with BSE Mid Cap posting loss of 0.48% and BSE Small Cap posting gain of 0.01%. The key benchmark indices are currently trading in negative with BSE 30-share Sensex below the 17,480 mark while Nifty is below the 5,245 mark.At 12.30 PM BSE SENSEX was trading at 17,478.59 down by 222.31 points or (1.26%) and the NSE Nifty was trading at 5,243.40 down by 69.10 points or (1.30%).The BSE MIDCAP was at 7,114.98 down by 34.23 points or by (0.48%) and the BSE SMLCAP was at 9,072.17 up by 0.97 points or by (0.01%).On the economic front, as per the Reserve Bank of India’s data, at the end of last financial year, India''s external debt increased by 16.5 % to $261.4 bn, mainly due to higher commercial borrowings, NRI deposits and increased liabilities to the IMF.Besides, India''s financial deficit from April to May 2010 was Rs. 1.01 lakh crore ($21.7 billion), or 26.5% of the full-year target.Meanwhile, Tax receipts were Rs 31,900 crore and total expenditure was Rs 1.47 lakh crore for the first 2 months of the 2010/11 financial year.At present, the market breadth indicating the overall health is negative with 1,359 stocks declining, 1294 shares advancing and 112 stocks are left unchanged. All the sectoral indices are trading in negative. Metal (1.97%) and Realty (1.79%) stocks are the major losers.Losers from the Sensex Pack till now are – Sterlite Inds (3.21%), Reliance Comm (2.67%), ICICI Bank (2.56%), Tata Steel (2.47%), TCS (2.22%), Jindal Steel (1.99%), SBI (1.96%), DLF (1.89%), Hindalco Inds (1.66%), BHEL (1.62%) and Jaiprakash Asso (1.52%).The BSE Metal index was at 14,414.60 down by 289.65 points or by (1.97%). The main losers were Sterlite Inds (3.21%), Tata Steel (2.39%), Jindal Steel (2.11%), JSW Steel (2.01%), WELCORP (1.70%), SAIL (1.69%), Hindalco Inds (1.56%), Hindustan Zinc (1.51%) and Jindal Saw (1.14%).The BSE Realty index was at 3,139.60 down by 57.22 points or by (1.79%). The main losers were Unitech (2.95%), HDIL (1.92%), DLF (1.89%), Indiabulls Real Est (1.40%), Parsvnath Dev (1.40%), Peninsula Land (1.16%) and Orbit Corp (0.79%).On the global markets front, Asian bourses are currently trading in red with Nikkei 225, Straits Times, Taiwan Index, KOSPI and Shanghai Composite are trading in negative with a loss of 191.04, 14.45, 75.31, 12.05 and 24.10 points respectively.On the corporate front, InCablenet – the Multi-System Operator (MSO), is eyeing to attain 50 % market share in the cable TV distribution business in the state of Gujarat.Besides, Infosys Technologies Ltd. is eyeing to expand the company’s existing facility in Mahindra World City, Maraimalai Nagar, 45 kms from Chennai.On the other hand, Fox International Channels (FIC) has rolled-out 7 new channels in India. Continue reading
Posted Jul 1, 2010 at Prodigystocks
Mid Session Market Jul-01-2010 12:39 After a weak opening, the domestic markets at this mid-session are trading in red as the market sentiments turned bearish following profit booking in global indices. In the global markets, the Asian stocks are trading in negative after Chinese manufacturing growth slowed and Moody''s Investors Service placed Spain''s credit rating on review for a possible downgrade, fueling concern over the strength of the global economy. The U.S markets slumped on overnight trade following the disappointing private sector jobs report. Back home, the domestic markets opened sharply lower tracking weak global cues. Besides, India’s food inflation stood at 12.92% for the week ended 19th June 2010, the government data showed today. On the sectoral front – Metal and Realty stocks are witnessing most of the selling pressure. The broader market indices are trading in mix with BSE Mid Cap posting loss of 0.48% and BSE Small Cap posting gain of 0.01%. The key benchmark indices are currently trading in negative with BSE 30-share Sensex below the 17,480 mark while Nifty is below the 5,245 mark.At 12.30 PM BSE SENSEX was trading at 17,478.59 down by 222.31 points or (1.26%) and the NSE Nifty was trading at 5,243.40 down by 69.10 points or (1.30%).The BSE MIDCAP was at 7,114.98 down by 34.23 points or by (0.48%) and the BSE SMLCAP was at 9,072.17 up by 0.97 points or by (0.01%).On the economic front, as per the Reserve Bank of India’s data, at the end of last financial year, India''s external debt increased by 16.5 % to $261.4 bn, mainly due to higher commercial borrowings, NRI deposits and increased liabilities to the IMF.Besides, India''s financial deficit from April to May 2010 was Rs. 1.01 lakh crore ($21.7 billion), or 26.5% of the full-year target.Meanwhile, Tax receipts were Rs 31,900 crore and total expenditure was Rs 1.47 lakh crore for the first 2 months of the 2010/11 financial year.At present, the market breadth indicating the overall health is negative with 1,359 stocks declining, 1294 shares advancing and 112 stocks are left unchanged. All the sectoral indices are trading in negative. Metal (1.97%) and Realty (1.79%) stocks are the major losers.Losers from the Sensex Pack till now are – Sterlite Inds (3.21%), Reliance Comm (2.67%), ICICI Bank (2.56%), Tata Steel (2.47%), TCS (2.22%), Jindal Steel (1.99%), SBI (1.96%), DLF (1.89%), Hindalco Inds (1.66%), BHEL (1.62%) and Jaiprakash Asso (1.52%).The BSE Metal index was at 14,414.60 down by 289.65 points or by (1.97%). The main losers were Sterlite Inds (3.21%), Tata Steel (2.39%), Jindal Steel (2.11%), JSW Steel (2.01%), WELCORP (1.70%), SAIL (1.69%), Hindalco Inds (1.56%), Hindustan Zinc (1.51%) and Jindal Saw (1.14%).The BSE Realty index was at 3,139.60 down by 57.22 points or by (1.79%). The main losers were Unitech (2.95%), HDIL (1.92%), DLF (1.89%), Indiabulls Real Est (1.40%), Parsvnath Dev (1.40%), Peninsula Land (1.16%) and Orbit Corp (0.79%).On the global markets front, Asian bourses are currently trading in red with Nikkei 225, Straits Times, Taiwan Index, KOSPI and Shanghai Composite are trading in negative with a loss of 191.04, 14.45, 75.31, 12.05 and 24.10 points respectively.On the corporate front, InCablenet – the Multi-System Operator (MSO), is eyeing to attain 50 % market share in the cable TV distribution business in the state of Gujarat.Besides, Infosys Technologies Ltd. is eyeing to expand the company’s existing facility in Mahindra World City, Maraimalai Nagar, 45 kms from Chennai.On the other hand, Fox International Channels (FIC) has rolled-out 7 new channels in India.
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