Archive for September, 2009

Markets slip in last hour of trade; Nifty back to sub 5K levels

Heavy selling in the last one hour of trade has dragged the stock markets down. The Nifty is back to sub-5K levels. It slipped 50.25 points to close at 4969.95. The BSE Sensex is down by 166.93 points and closed at 16719.50.
Nifty toppers of the day are GAIL, Power Grid (both up over 2%), HDFC Bank, Ranbaxy, Axis Bank (all above 1%), Sterlite, ONGC, Sun Pharma, PNB and Reliance (marginally in the green). Amongst the Nifty losing stocks are Suzlon (down 6.3%), Bharti Airtel, Unitech, Reliance Capital and Reliance Communications (down over 3%), HCL Technologies, RPower, M&M, National Aluminium ad Reliance Infra (all down over 2%). The losing sectors of the day are Telecom, Technologym FMCG and Private power.
Wednesday, September 23, 2009 15:49:16 PM

Add commentSeptember 23rd, 2009

Markets opens flat, NSE hold 5K levels

The Indian stock markets are trading flat this morning. The good thing is that the NSE is still holding the critical 5000-level. In fact, market analysts have put 4990 as the base from where value-based stock picking can be made by investors.
Nifty is at 5015.90 down 0.09%. IT stocks look weak. MPhasis, Polaris, HCL Tech, TCS, Infosys, Mindtree, Rola are trading in the red. Sterlite is up 2.4%. Ranbaxy, ABB, Axis Bank, DLF, Cairn, ITC, Tata Steel, PNB and Siemens are leading the Nifty charts. On the losing side are Suzlon that had the news of promoters selling a part of their holdings. The other losers include Bharti Airtel, L&T, Wipro and Reliance Capital

Add commentSeptember 23rd, 2009


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