Global indices are not really in a pink of health these days with the subprime mortgage epidemic spreading fast and deep. The subprime mortage crisis impacted the European, US and Asian markets in a severe way in the last two weeks. Company Cls price %chng 1-Aug 16-Aug NTPC 160.5 168 4.67 ACC 965.9 979.55 1.41 Bajaj Auto 2287.95 2310.3 0.98 Dr Reddy's Labs. 622.45 628 0.89 Satyam Computer 469.7 467.35 -0.50 Tata Motors 667.1 663.35 -0.56 Infosys Tech. 1929.6 1910.45 -0.99 Wipro 475.7 469.35 -1.33 Cipla 185.7 182.9 -1.51 Ambuja Cem. 128.9 126.9 -1.55 St Bk of India 1548.25 1521.6 -1.72 Ranbaxy Labs. 367.8 360.85 -1.89 Grasim Inds. 2848.65 2792.55 -1.97 TCS 1115.8 1087.8 -2.51 Reliance Energy 737.3 717.5 -2.69 Hind. Unilever 201.7 196.2 -2.73 H D F C 1940.5 1885.5 -2.83 Reliance Inds. 1798 1739.15 -3.27 B H E L 1663.25 1602.85 -3.63 Maruti Udyog 821 791.15 -3.64 M & M 693.65 658.15 -5.12 ITC 167.1 158.1 -5.39 HDFC Bank 1161.8 1094 -5.84 ICICI Bank 891.35 832.3 -6.62 Reliance Communi 530.6 495.4 -6.63 Larsen & Toubro 2485.05 2319.4 -6.67 Bharti Airtel 862.95 800.85 -7.20 O N G C 884.35 818.8 -7.41 Tata Steel 622.4 575.35 -7.56 Hindalco Inds. 159.15 145.3 -8.70
Stock markets across Asia tumbled on Thursday, with the benchmark Korean index clocking its biggest-ever one-day decline, as investors were confronted with continued carnage on Wall Street and across the globe. Today also Asian markets are seeing a selloff.
Closer home, the Sensex for the first time fell below 14k levels and is hovering around 200 DMA of 13,950. Experts feel that going forward Sensex will bottom out at 13000-14000 levels.
What has been hitting our market is the fact that FIIs have been withdrawing money from the emerging markets and that's hitting India.
FIIs have been selling every trading session since August 10 and yesterday(Aug 16) they sold to the tune of Rs 3108.45 cr which was the largest on a single day.
Saturday, August 18, 2007
10 Sensex stocks fall over 5% in two wks
In the last two weeks Sensex has fallen by 3.86% and majority of index stocks have fallen in the range of 0.56-8.70%.
Stocks like M&M, ITC, HDFC Bank, ICICI Bank, Reliance Comm, Larsen & Toubro, Bharti Airtel, ONGC, Tata Steel and Hindalco Inds have fallen over 5% in two weeks( August 1-16).
Posted by Admin at 12:31 AM
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