FIRST LIGHT HEADINGS
Kotak Mahindra Bank allots equity shares under ESOP
Archies to open its 200th retail outlet in Jodhpur
Cairn India’s Q3 consolidated net profit grows over six folds
Amrutanjan Health Care board to declare interim dividend(rs 5/sh)
Bombay Dyeing & Manufacturing's Q3 net profit slips by 71.61%
Shipping Corporation takes physical delivery of its Aframax size Tanker
Lanco Infratech plans to infuse $1 billion in Australian Griffin Coal Mines
Panacea Biotec to launch Paclitaxel particles formulation- PacliALL
Madras Cements' Q3 net profit up 171.58%
Larsen and Toubro plan to launch JV with Cassidian
M&M venturing into Micro Irrigation business
Indian Oil Corporation’s Q3 net profit zooms by 135%
MARKET INDISE
On Thursday Jan 10 2011, Local share markets failed to gain any respite in today's trading session too, amidst tepid global cues as the pale indication of recovery of initial trade vanished within few minutes of trade and the markets dipped into red, since panic stricken retail investors and foreign investors continued their selling. However, the markets preferred to stay away ahead of the industrial output data for the month of December 2010 to be released tomorrow February 11, 2011. There was some sign of recovery in the post noon session and once the benchmarks touched the green terrain but every attempt of recovery got sold off under relentless selling pressure. The markets with no let-up in selling pressure amid weak Asian and European cues ended the difficult day of trade on yet another weak note, however markets did recoup some of their losses led by the continuing upmove of the shares of Anil Ambani Group companies which bounced back after a free fall in previous session. It was also the resilience of the Auto sector in today's trading session that let the market to shorten the losses.
The BSE Sensex plunged 129.73 points or 0.74 % to settle at 17,463.04 (Provisional).The index touched a high and a low of 17,636.88 and 17,362.59, respectively(Provisional).14 stock advanced against 16 declining one's on the index (Provisional)..
The S&P CNX Nifty trimmed 31.40 points or 0.60% to settle at 5,222.15 (Provisional). The index touched a high and a low of 5272.50 and 5196.80, respectively (Provisional). 25 stocks advanced against 25 declining ones on the index (Provisional).
The BSE Mid-cap and Small-cap indices lost 0.11% and 0.86%, respectively (Provisional). In the BSE sectoral space TECk down 1.54%, Information Technology (IT) down 1.53%, Realty down 1.03%, Oil and Gas down 0.81% and PSU down 0.76% were the major losers (Provisional). On other hand, Auto up 0.83%,Power up 0.82%, Healthcare (HC) up 0.58% and Capital Goods (CG) up 0.03% were the only gainers in the BSE sectoral space (Provisional).
Kotak Mahindra Bank allots equity shares under ESOP
Archies to open its 200th retail outlet in Jodhpur
Cairn India’s Q3 consolidated net profit grows over six folds
Amrutanjan Health Care board to declare interim dividend(rs 5/sh)
Bombay Dyeing & Manufacturing's Q3 net profit slips by 71.61%
Shipping Corporation takes physical delivery of its Aframax size Tanker
Lanco Infratech plans to infuse $1 billion in Australian Griffin Coal Mines
Panacea Biotec to launch Paclitaxel particles formulation- PacliALL
Madras Cements' Q3 net profit up 171.58%
Larsen and Toubro plan to launch JV with Cassidian
M&M venturing into Micro Irrigation business
Indian Oil Corporation’s Q3 net profit zooms by 135%
MARKET INDISE
On Thursday Jan 10 2011, Local share markets failed to gain any respite in today's trading session too, amidst tepid global cues as the pale indication of recovery of initial trade vanished within few minutes of trade and the markets dipped into red, since panic stricken retail investors and foreign investors continued their selling. However, the markets preferred to stay away ahead of the industrial output data for the month of December 2010 to be released tomorrow February 11, 2011. There was some sign of recovery in the post noon session and once the benchmarks touched the green terrain but every attempt of recovery got sold off under relentless selling pressure. The markets with no let-up in selling pressure amid weak Asian and European cues ended the difficult day of trade on yet another weak note, however markets did recoup some of their losses led by the continuing upmove of the shares of Anil Ambani Group companies which bounced back after a free fall in previous session. It was also the resilience of the Auto sector in today's trading session that let the market to shorten the losses.
The BSE Sensex plunged 129.73 points or 0.74 % to settle at 17,463.04 (Provisional).The index touched a high and a low of 17,636.88 and 17,362.59, respectively(Provisional).14 stock advanced against 16 declining one's on the index (Provisional)..
The S&P CNX Nifty trimmed 31.40 points or 0.60% to settle at 5,222.15 (Provisional). The index touched a high and a low of 5272.50 and 5196.80, respectively (Provisional). 25 stocks advanced against 25 declining ones on the index (Provisional).
The BSE Mid-cap and Small-cap indices lost 0.11% and 0.86%, respectively (Provisional). In the BSE sectoral space TECk down 1.54%, Information Technology (IT) down 1.53%, Realty down 1.03%, Oil and Gas down 0.81% and PSU down 0.76% were the major losers (Provisional). On other hand, Auto up 0.83%,Power up 0.82%, Healthcare (HC) up 0.58% and Capital Goods (CG) up 0.03% were the only gainers in the BSE sectoral space (Provisional).
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC
