31 January 2011

Nifty Below 5450

Nifty a weak note, under the leadership of the last meeting in January began to sell off in almost every heavy weight. U.S. markets fall at the back drop for the fourth consecutive day, tracking the tension in Egypt. Nifty has slipped below the 5450 level of panic selling and the tip was below 5400 points.

Nifty, Stock Exchange
Investors are more cautious use of the Suez Canal, oil and Asian goods to Europe's growing important clashes between government forces and protesters demanding the removal of President Hosni Mubarak.

In frontliners, Maruti Suzuki (down 4.5% number -), Bharti Airtel, Reliance Communications, Jaiprakash Associates, Sterlite Industries, Tata Steel, Hero Honda, Tata Motors, BPCL, Sun Pharma, Wipro, DLF (number) L &T , TCS, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank witnesses selling pressure was.

Siemens, however, jumped 16% after the open offer. Company bucks to buy an open offer of shares to 19.82% 930/share. Promoters currently hold 55% stake. Motion 25 is open and closed on March 13 in April

Dr. Reddy's Laboratories gained 3.3%, as it has received U.S. court approval to sell Allegra D24, CNBC TV 18-NW18 cited reports.

ONGC was 1.7%, as 7083 net profit of Rs 131 crore reported an increase in%

At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,144, down 251 points and the 50-share NSE Nifty was at 5,449, down 63 points. 

The Nifty Junior fell 234 points to 10,620 and CNX Midcap lost 147 points to 7,733. About 107 shares advanced as against 663 shares declined on National Stock Exchange.

Midcap and smallcap space:


Mindtree lost 12% Ashok Soota retired company directors. Soota 1999 Mindtree the establishment.

Aban Offshore was the 2% and 8% Exide. Lupin, Ashok Leyland, United Phosphorus, S Kumar, REC, Apollo Tyres, South Indian Bank, Delta Corp., Best Galva and TVS Motor fell 3-5%.

No comments:

Custom Search
Get