23 May 2011

Mahindra Satyam disappoint the market

The index Nifty slumped in red on global concerns pertaining to Greece debt woes. Mahindra Satyam disappoints street in terms of bottomline and continues to bleed in red. Rate sensitives like banks and auto were major laggards in trade today. Fall in commodity prices was reflected in metal stocks today. The broader markets too were reeling under losses.

At 10.41 hrs IST, the Sensex was down 158.31 points or 0.86% at 18167.78, and the Nifty was down 52.05 points or 0.95% at 5434.30. About 859 shares advanced, 1360 shares declined, and 1423 shares remain unchanged.

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