Fears of more losses from the US mortgage crisis globally hit domestic bourses today. The market, however, recovered in late trade to end marginally lower. From a recent high, Sensex has lost 960 points, falling for fifth trading session in a row today.
Consumer durable, IT, Auto stocks fell. ACC fell more than 5%. Maruti Suzuki India fell close to 4%. Reliance Industries rose. Reliance Infrastructure spurted.
In Europe, France's CAC 40, Germany's DAX and UK's FTSE 100 were down by between 1.35% to 1.8%.
The BSE 30-share Sensex lost 101.93 points or 0.7% to 14,543.73. At day's high of 14,604.11, the index lost 41.55 points in late trade. At the day's low of 14,368.72, the Sensex lost 276.94 in mid-afternoon trade.
The S&P CNX Nifty was down 24.8 points or 0.56% to 4,368.25.
Sensex has lost 960.19 points or 6.6% from a recent high of 15503.92 hit on 11 August 2008. The barometer index is down 5,743.26 points or 28.31% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6,663.04 points or 31.41% away from its all-time high of 21,206.77 struck on 10 January 2008.
The BSE clocked a turnover of Rs 3955 crore today as compared to a turnover of Rs 3,847.50 on Monday, 18 August 2008.
Nifty August 2008 futures were at 4401.10, a sharp 32.85-point premium over the spot closing of 4,368.25. NSE's futures & options (F&O) segment turnover rose to Rs 43426.67 crore from Rs 39680.22 crore on Monday, 18 August 2008.
As per provisional figures on BSE, foreign institutional investors sold shares worth Rs 716.35 crore while domestic funds bought shares worth Rs 14.56 crore today, 19 August 2008.
The BSE Mid-Cap index was down 0.27% to 5,766.32 and the BSE Small-Cap index was down 0.34% at 7,012.74.
BSE Teck index (down 1.38% to 3,010.24), BSE Consumer Durables index (down 1.17% to 3,783.26), BSE IT index (down 0.87% to 3,892.26), BSE Auto index (down 0.86% to 3,849.33), BSE Metal index (down 0.74% to 12,272.80), BSE PSU index (down 0.71% to 6,892.73) underperformed Sensex.
BSE Power index (up 0.26% to 2,615.11), BSE Bankex (up 0.1% to 6,892.18), BSE HealthCare index (down 0.01% to 4,266.79), BSE Oil & Gas index (down 0.09% to 9,987.91), BSE Capital Goods index (down 0.22% to 12,062.41), BSE Realty index (down 0.27% to 5,117.50), BSE FMCG index (down 0.7% to 2,162.85), outperformed Sensex.
The market breadth was weak on BSE with 1,107 shares advancing as compared to 1,514 that declined. 90 shares remained unchanged.
India's largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 0.16% at Rs 2,221.35. It recovered from the session's low of Rs 2,199.
Consumer durables stocks declined. Asian Star Company (down 6.04% to Rs 1,230.50), Videocon Industries (down 1.89% to Rs 272.75), Lloyd Electric (down 1.7% to Rs 83.65), Titan Industries (down 1.05% to Rs 1,205) and Rajesh Exports (down 1.01% to Rs 49.20) edged lower.
IT stocks declined. Satyam Computer Services (down 3.21% to Rs 405.65), Infosys (down 0.529% to Rs 1,693.55) and Tata Consultancy Services (down 0.2% to Rs 840.10), Wipro (down 0.15% to Rs 431.25) edged lower.
Auto stocks fell. Maruti Suzuki India (down 3.9% to Rs 616.20), Mahindra & Mahindra (down 1.21% to Rs 561.20), Tata Motors (down 0.46% to Rs 423.35) edged lower.
ACC (down 5.78% to Rs 560.05), HDFC (down 3.24% to Rs 2,283.25), Satyam Computer Services (down 3.21% to Rs 405.65), Reliance Communications (down 3.06% to Rs 399.80), Bharti Airtel (down 2.05% to Rs 791.60), edged lower from the Sensex pack.
Reliance Infrastructure (up 2.26% to Rs 994,.30), Hindalco Industries (up 2.08% to Rs 132.35), Hindustan Unilever (up 0.7% to Rs 243.45), HDFC Bank (up 0.59% to Rs 1207.45), NTPC (up 0.5% to Rs 181.40) edged higher from Sensex pack.
India's second largest cement maker by sales Ambuja Cements fell 0.44% to Rs 79.80. As per reports, Ambuja Cements plans to expand in the south Indian market by transporting the building material by sea route. It is one of the few domestic cement makers having expertise in using sea routes for transporting cement.
India's largest cigarette maker by sales ITC fell 2.05% to Rs 183.75. The company said on Tuesday, 19 August 2008, its information technology arm has acquired US-based technology firm Pyxis Solutions for an undisclosed sum.
India's largest commercial bank State Bank of India fell 0.96% to Rs 1,443.80. The bank's chairman O.P. Bhatt today, 19 August 2008, said a planned strike by bank unions against mergers between state banks was unlikely to hinder its plans to acquire State Bank of Saurashtra. Bhatt also said credit growth this year was much better than last year.
India's largest private sector bank by net profit ICICI Bank rose 2.01% to Rs 678.35. The company has reportedly sold about $275 million from its credit derivative portfolio in its foreign branches. The transaction, closed a few weeks ago, will enable ICICI Bank to cut its mark-to-market losses, reports suggest.
Reliance Natural Resources clocked the highest volume of 1.59 crore shares on BSE. Vishal Information Technologies (95.14 lakh shares), Ispat Industries (77.15 lakh shares), IFCI (70.56 lakh shares) and Reliance Petroleum (68.38 lakh shares) were the other volume toppers in that order.
Vishal Information Technologies clocked the highest turnover of Rs 278.62 crore on BSE. Reliance Capital (Rs 223.90 crore), Reliance Industries (Rs 152.99 crore) and Reliance Natural Resources (Rs 150.8 crore) and SEL Manufacturing Company (Rs 147.01 crore) were the other turnover toppers in that order.
Most of the Asian markets were trading weak today, 19 August 2008., Japan's Nikkei, Hong Kong's Hang Seng, Taiwan's Taiwan Weighted, Singapore's Straits Times and South Korea's Seoul Composite were down between 0.32% to 2.28%. China's Shanghai Composite rose 1.06%.
US markets slumped yesterday, 18 August 2008, on the prospect of more losses from the mortgage crisis, sending financial stocks on a downward spiral. Shares of Fannie Mae and Freddie Mac lost more than 20% each after Barron's reported that the US Treasury may need to bail out the home finance giants, which could wipe out shareholders.
The Dow Jones industrial average plunged 180.51 points, or 1.55%, to 11,479.39. The S&P 500 index lost 19.60 points, or 1.51%, to 1,278.60, and the Nasdaq declined 35.54 points, or 1.45%, to 2,416.98.
Consumer durable, IT, Auto stocks fell. ACC fell more than 5%. Maruti Suzuki India fell close to 4%. Reliance Industries rose. Reliance Infrastructure spurted.
In Europe, France's CAC 40, Germany's DAX and UK's FTSE 100 were down by between 1.35% to 1.8%.
The BSE 30-share Sensex lost 101.93 points or 0.7% to 14,543.73. At day's high of 14,604.11, the index lost 41.55 points in late trade. At the day's low of 14,368.72, the Sensex lost 276.94 in mid-afternoon trade.
The S&P CNX Nifty was down 24.8 points or 0.56% to 4,368.25.
Sensex has lost 960.19 points or 6.6% from a recent high of 15503.92 hit on 11 August 2008. The barometer index is down 5,743.26 points or 28.31% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6,663.04 points or 31.41% away from its all-time high of 21,206.77 struck on 10 January 2008.
The BSE clocked a turnover of Rs 3955 crore today as compared to a turnover of Rs 3,847.50 on Monday, 18 August 2008.
Nifty August 2008 futures were at 4401.10, a sharp 32.85-point premium over the spot closing of 4,368.25. NSE's futures & options (F&O) segment turnover rose to Rs 43426.67 crore from Rs 39680.22 crore on Monday, 18 August 2008.
As per provisional figures on BSE, foreign institutional investors sold shares worth Rs 716.35 crore while domestic funds bought shares worth Rs 14.56 crore today, 19 August 2008.
The BSE Mid-Cap index was down 0.27% to 5,766.32 and the BSE Small-Cap index was down 0.34% at 7,012.74.
BSE Teck index (down 1.38% to 3,010.24), BSE Consumer Durables index (down 1.17% to 3,783.26), BSE IT index (down 0.87% to 3,892.26), BSE Auto index (down 0.86% to 3,849.33), BSE Metal index (down 0.74% to 12,272.80), BSE PSU index (down 0.71% to 6,892.73) underperformed Sensex.
BSE Power index (up 0.26% to 2,615.11), BSE Bankex (up 0.1% to 6,892.18), BSE HealthCare index (down 0.01% to 4,266.79), BSE Oil & Gas index (down 0.09% to 9,987.91), BSE Capital Goods index (down 0.22% to 12,062.41), BSE Realty index (down 0.27% to 5,117.50), BSE FMCG index (down 0.7% to 2,162.85), outperformed Sensex.
The market breadth was weak on BSE with 1,107 shares advancing as compared to 1,514 that declined. 90 shares remained unchanged.
India's largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 0.16% at Rs 2,221.35. It recovered from the session's low of Rs 2,199.
Consumer durables stocks declined. Asian Star Company (down 6.04% to Rs 1,230.50), Videocon Industries (down 1.89% to Rs 272.75), Lloyd Electric (down 1.7% to Rs 83.65), Titan Industries (down 1.05% to Rs 1,205) and Rajesh Exports (down 1.01% to Rs 49.20) edged lower.
IT stocks declined. Satyam Computer Services (down 3.21% to Rs 405.65), Infosys (down 0.529% to Rs 1,693.55) and Tata Consultancy Services (down 0.2% to Rs 840.10), Wipro (down 0.15% to Rs 431.25) edged lower.
Auto stocks fell. Maruti Suzuki India (down 3.9% to Rs 616.20), Mahindra & Mahindra (down 1.21% to Rs 561.20), Tata Motors (down 0.46% to Rs 423.35) edged lower.
ACC (down 5.78% to Rs 560.05), HDFC (down 3.24% to Rs 2,283.25), Satyam Computer Services (down 3.21% to Rs 405.65), Reliance Communications (down 3.06% to Rs 399.80), Bharti Airtel (down 2.05% to Rs 791.60), edged lower from the Sensex pack.
Reliance Infrastructure (up 2.26% to Rs 994,.30), Hindalco Industries (up 2.08% to Rs 132.35), Hindustan Unilever (up 0.7% to Rs 243.45), HDFC Bank (up 0.59% to Rs 1207.45), NTPC (up 0.5% to Rs 181.40) edged higher from Sensex pack.
India's second largest cement maker by sales Ambuja Cements fell 0.44% to Rs 79.80. As per reports, Ambuja Cements plans to expand in the south Indian market by transporting the building material by sea route. It is one of the few domestic cement makers having expertise in using sea routes for transporting cement.
India's largest cigarette maker by sales ITC fell 2.05% to Rs 183.75. The company said on Tuesday, 19 August 2008, its information technology arm has acquired US-based technology firm Pyxis Solutions for an undisclosed sum.
India's largest commercial bank State Bank of India fell 0.96% to Rs 1,443.80. The bank's chairman O.P. Bhatt today, 19 August 2008, said a planned strike by bank unions against mergers between state banks was unlikely to hinder its plans to acquire State Bank of Saurashtra. Bhatt also said credit growth this year was much better than last year.
India's largest private sector bank by net profit ICICI Bank rose 2.01% to Rs 678.35. The company has reportedly sold about $275 million from its credit derivative portfolio in its foreign branches. The transaction, closed a few weeks ago, will enable ICICI Bank to cut its mark-to-market losses, reports suggest.
Reliance Natural Resources clocked the highest volume of 1.59 crore shares on BSE. Vishal Information Technologies (95.14 lakh shares), Ispat Industries (77.15 lakh shares), IFCI (70.56 lakh shares) and Reliance Petroleum (68.38 lakh shares) were the other volume toppers in that order.
Vishal Information Technologies clocked the highest turnover of Rs 278.62 crore on BSE. Reliance Capital (Rs 223.90 crore), Reliance Industries (Rs 152.99 crore) and Reliance Natural Resources (Rs 150.8 crore) and SEL Manufacturing Company (Rs 147.01 crore) were the other turnover toppers in that order.
Most of the Asian markets were trading weak today, 19 August 2008., Japan's Nikkei, Hong Kong's Hang Seng, Taiwan's Taiwan Weighted, Singapore's Straits Times and South Korea's Seoul Composite were down between 0.32% to 2.28%. China's Shanghai Composite rose 1.06%.
US markets slumped yesterday, 18 August 2008, on the prospect of more losses from the mortgage crisis, sending financial stocks on a downward spiral. Shares of Fannie Mae and Freddie Mac lost more than 20% each after Barron's reported that the US Treasury may need to bail out the home finance giants, which could wipe out shareholders.
The Dow Jones industrial average plunged 180.51 points, or 1.55%, to 11,479.39. The S&P 500 index lost 19.60 points, or 1.51%, to 1,278.60, and the Nasdaq declined 35.54 points, or 1.45%, to 2,416.98.
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