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Markets end weak on European worries

September 19th, 2011

The Indian stock markets had yet another bad Monday morning with the SENSEX slipping back to 16745.35 losing 188.48 points or 1.11% in trade today. The NIFTY is almost close to testing the 5000-mark and closed at 5031.95 shedding 52.30 points or 1.03%.

Nifty toppers of the day includes Maruti Suzuki, GAIL, Jaiprakash Asso (all 3 up by over 2% each), HCL Tech and ACC (both up 1% each) amongst others. On the losers end are Reliance Infra (down over 4%), Sterlite Ind (down over 3%), L&T, ICICI Bank, Sun Pharma, Axis Bank, NTPC (each down over 2%), DLF, Cipla, ONGC, Sesa Goa, Power Grid Corp, Rel Capital (each down over 1%) amongst others.

News reports say that Volkswagen may launch an hostile takeover of Suzuki. Volkswagen holds 19.9% in Suzuki. Back home, Maruti Suzuki stock zoomed upwards by gaining Rs. 31.30 and closed at Rs. 1140.75 up 2.82% with volumes of 1.4m.

Jet Airways has hiked fuel surcharge by Rs 200 per domestic sector - effective from September 17. The script closed at Rs. 275.85 gaining Rs. 3.30 or 1.21% with a volume of 912.71k shares traded.

Entry Filed under: Equity Markets, Automobile, Closing Bell, Aviation