Markets takes slight correction on P-Note news

October 17th, 2007

The Indian Stock Markets tumbled in the very few minutes of trade with news about P-notes from SEBI. However the markets gradually cooled off after Finance Minister and SEBI came out and gave clarification. Nifty is down 1.92%, Nifty Junior corrected by 3.60%. Amongst sectoral losers, Bank Nifty got down 4.17% while others got down 2.8%

While many stocks saw touching lower circuits, Vimta Labs, Birla Power, Torent Power, Siemens, TCS, ABB, Satyam Computers, Reliance, BPCL, Infosys Technologies managed to end in green.Tata Power, Reliance, ACC, SBI, BHEL, NPTC, Tata Steel, VSNL. National Aluminium and PNB closed in red.

Entry Filed under: Equity Markets, Closing Bell

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