Sensex, Nifty hit a week low

The key index fell to lows of a week in mid-morning trade as Asian stocks fell in the wake of disappointing U.S. employment data. BSE Sensex was down 91.25 points or 0.5%, up nearly 30 points the day low and off almost 85 points higher in the day. The market breadth was negative.

Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Interest sensitive banking hubs were mixed ahead of central bank’s mid-term control of monetary policy next week. Metals and mining stocks, fell as weak U.S. economic data raised concerns about the global economic recovery. fertilizer stocks rose in the hope that the early onset of monsoon this year could spur demand for fertilizers. NRI online trading account

The market fell in early trading volatile Asia stocks fell. The volatility continued as the key benchmark indices weakened again after recovering from the lows of the day in morning trade. The market has skidded to a new intraday low in mid-morning trade. The market there soon.

At 11:20 IST, the BSE Sensex was down 91.25 points or 0.5% to 18,285.23. The Sensex fell 5.20 points the day the large number of 18,371.28 in early trade. The index fell 118.06 points from day’s low level of 18,258.42 in mid-morning trade, its lowest level since May 30, 2011. PAN Card for NRI

S & P CNX Nifty rose 29.05 points, or 0.53% to 5,487.70. Nifty hit a low 5,479.85, its lowest level since May 30, 2011.

Extent of the market, shows the health market has been negative. BSE, 1,338 shares, 933 shares advanced as declined. A total of 104 shares remained unchanged.

Among the Sensex pack of 30 members, 26 stocks declined, while the rest of them have increased. Jaiprakash Associates, Bajaj Auto and Maruti Suzuki India fell 1.74% to 2.71%. Cipla, HDFC and Bharti Airtel rose 0.58% from 0.97%. NRI Demat Account

Index heavyweight Reliance Industries (RIL) fell 0.55% 931 RS volatile trade. Stock hit a maximum of Rs 939.95 and low of Rs 928.95 today. Stock extended losses on Friday, 1.65%, triggered by comments the chairman Mukesh Ambani has thirty-seventh Annual General Meeting (AGM) that RIL has to face the challenges resulting from increased commodity and input prices and inflation. Ambani said RIL would be free of debt in the current year to March 2012 (FY 2012). Ambani added that RIL has a strong financial position and healthy balance sheet.

Ambani said the company BP-RIL jointly assess and address technical issues in accelerating the production of gas in the KG D6 block once the government approves alliance BP-Reliance. Ambani said RIL is best placed to capture the top quartile of margins in the refining of oil, due to their strategies of oil supply, low operating costs and produce cleaner fuels. As for the petrochemicals division, said Ambani, as the diversification of our portfolio of specialty products, we will in the next five years we have achieved over the last thirty years in terms of revenue in this segment. NRI share trading account

As for RIL organized retail sector, Ambani said Reliance Retail will soon launch a cash and carry format is based on the principle of providing inclusive growth of all trading partners to detail. Given the business wireless broadband services Ambani said the company is currently conceptualizing and its products and services.

pivots sensitive bank interest rates were mixed by mid-quarter review of monetary policy the central bank, which is next week. India’s largest private sector bank by net profit ICICI Bank fell 0.25%, with the collapse of stock for the fourth consecutive day. the largest retail network of bank branches in India State Bank of India (SBI) fell 0.75%, with the collapse of stock for the second consecutive day. Second Bank of India’s largest private sector HDFC Bank net profit rose 0.47%.

Metals and mining stocks fell as weak U.S. data raised doubts about the economic global economic recovery. Hindalco Industries, Sail, Jindal Steel & Power, Nalco, NMDC, Tata Steel and Sterlite Industries fell 0.03% to 1.4%. LMEX, a measure of six metals traded on the London Metal Exchange, rose 1.47% Friday, June 3, 2011.

Shares of fertilizer increased hopes that the age of the monsoon this year would increase the demand for fertilizers. Chambal Fertilizers and Chemicals, fertilizers, national, Tata Chemicals, Nagarjuna Fertilizers and Chemicals Rashtriya chemicals and fertilizers and the International Coromandel rose between 0.05% and 1.44%.

Indraprastha Gas has risen to 1.34% of the reports of the company hiked the prices of natural gas up to R 0.55 per kilogram of Saturday, June 4, 2011 at midnight.

Joyous Life Sciences rose 2.49% after the company received approval from the Food and Drug Administration for donepezil hydrochloride tablets, the generic equivalent of Aricept.

macro news, the service sector expanded its slowest pace in 20 months in May 2011 as high prices and rising interest rates gnawed the growth of new business and a reduction in optimism, the survey showed on Friday. HSBC seasonally adjusted Markit Business Activity Index, which is based on a study of more than 400 Indian companies declined from 59.2 in May 2011 to 55 April 2011, marking its twenty-fifth consecutive month above the 50 level that separates contraction in growth.

India’s industrial growth slowed slightly in May has slowed the pace of new orders, but the plant input and output prices continued to rise strongly. HSBC Markit purchasing managers ‘index’, based on a survey of about 500 companies, fell to 57.5 in May to 58.0 in April, the weight of a slower growth rate of new orders and the labor shortage , data showed last week.

The police quickly broke up the mass of the transplant resulted in India’s most famous yoga guru Baba Ramdex Sunday, risking more of political scandal-tainted headaches. Country Ramdev, who is planning to launch a political party before the 2014 elections, after which the charges were bribes and games Telecom scams that could cost the government 39 billion U.S. dollars. Ramdev accused of police brutality when they went on hunger strike, he and thousands of supporters had begun in New Delhi Saturday, June 4, 2011.

Asian share fell Monday, June 6, 2011, under pressure last week killed disappointing economic data from the United States. The key benchmark indices in Singapore, Indonesia and Japan fell 0.34% to 1.32%. Stock markets in Hong Kong, Seoul, Shanghai and Taiwan were all closed for holidays.

The U.S. index futures indicated the Dow could drop by 10 points at the opening bell, Monday, June 6, 2011.

Meanwhile, the Ministry of Finance of Greece, Friday, June 3, 2011, said talks on the financial support of Greece has concluded positively and the country also pledged to accelerate privatization of its assets. In another vein, the opposition of Portugal won the elections on Sunday after reports said they are looking to quickly adopt austerity measures required under the regime established by the European Union and the International Monetary Fund.


PAN-CARD-for-NRIs

Comments are closed.