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Recovered but good days still seems to be distant

August 17th, 2007

Its Friday again and the Indian Markets took the queues from the global markets and like its peers, the Indian markets too ended in red. The damage though is not as mush as evitable from yesterday.

NSE Nifty closed at 4108.05 points and is up 1.69%. Nifty Junior is down 1.28%. CNX IT is down 2.26% while BANK NIFTY is down 0.95%. CNX 100 closed down 1.63%.

Amongst CNX IT Subex, Tech Mahindra, Wipro, Moser Baer and MPhasis closed in green while Satyam Computers, Patni, I-Flex, Rolta and HCL-Insys closed in red.

On the Bank Nifty, Axis Bank, Bank of India and Canara Bank closed in the green while Orient Bank of Commerce, Kotak Bank, Corporation Bank, Bank of Baroda, HDFC Bank closed in the red.

BSE Sensex closed at 14,141.52 points and is down 216.69. BSE Midcap and BSE Smallcap indices too closed a percent down. Top sectoral indices gainers include Auto,Bankex, Consumer Durables, FMCG, Health care and IT.

Its morning again in the US but surprisingly the markets opened in the green. All the US indices are currently in the green - few even at 2% up levels too. Is this the end of the blood bath that is evitable all during the week? With the Indian fundamentals strong, will we see the green shine days again? This we can only know when the Indian markets open on Monday morning.

Entry Filed under: Equity Markets, BSE, NSE, Closing Bell