Indian markets were butchered as higher oil prices and increasing unemployment in US sparked off selling in global equity markets.
Other Broad indices, 9th June, 2008
Indian markets took a dive in opening trade following weak global cues as crude prices hit an all time high of USD 139.12 a barrel and unemployment in US surged.
BSE Sensex opened at 15,115.97 down by 456.21 points and Nifty opened at 4,626.45 marginally down by 1.35 points. Markets continue to remain weak and in the
opening hours, Sensex slipped below 15K mark whereas Nifty slipped below 4,500. However, markets recovered from day’s low in second half, led by buying in
healthcare. European markets which opened after Indian markets were volatile and were trading in a narrow range.
Sensex ended at 15,066.10, down by 506.08 points or 3.25%, after hitting a high of 15,202.74 and a low of 14,846.18. Nifty declined 2.74% or 126.85 points before
closing at 4,500.95. It touched a high/low of 4,626.45 and 4,411.60. Sensex recovered 200 points from day’s low while Nifty recovered almost 100 points. Selling was
widespread and except BSE HealthCare, all sectoral indices ended the day in negative terrain. BSE Realty was worst hit and lost 7.38%. DLF made a lifetime low. BSE Smallcap and Midcap also closed weak.
Bharat Heavy Electricals slipped 3.29% to Rs.1,374.65. The company has won a contract worth Rs.3,600 crore to set up a combined cycle power plant in New Delhi.
Suzlon Energy tanked 6.57% to Rs.261.80. A customer of company in United States had cancelled purchase of 150 units of its turbines, reducing its order backlog by
315 megawatt.
Rohit Ferro Tech dropped 3.75% to Rs.154. The company has signed an agreement with PT Pacific Samudra Perkasa of Indonesia to acquire 60% interest in two of its mining companies.
Shares of three passenger airlines viz. Jet Airways, Deccan Aviation and SpiceJet declined between 2.26% to 8.90%. These companies have raised fuel surcharge in line with rising jet fuel prices.
Market breath was negative with 474 shares advancing and 2,170 shares declined, whereas 49 shares remained unchanged.
Other Broad indices, 9th June, 2008
Indian markets took a dive in opening trade following weak global cues as crude prices hit an all time high of USD 139.12 a barrel and unemployment in US surged.
BSE Sensex opened at 15,115.97 down by 456.21 points and Nifty opened at 4,626.45 marginally down by 1.35 points. Markets continue to remain weak and in the
opening hours, Sensex slipped below 15K mark whereas Nifty slipped below 4,500. However, markets recovered from day’s low in second half, led by buying in
healthcare. European markets which opened after Indian markets were volatile and were trading in a narrow range.
Sensex ended at 15,066.10, down by 506.08 points or 3.25%, after hitting a high of 15,202.74 and a low of 14,846.18. Nifty declined 2.74% or 126.85 points before
closing at 4,500.95. It touched a high/low of 4,626.45 and 4,411.60. Sensex recovered 200 points from day’s low while Nifty recovered almost 100 points. Selling was
widespread and except BSE HealthCare, all sectoral indices ended the day in negative terrain. BSE Realty was worst hit and lost 7.38%. DLF made a lifetime low. BSE Smallcap and Midcap also closed weak.
Bharat Heavy Electricals slipped 3.29% to Rs.1,374.65. The company has won a contract worth Rs.3,600 crore to set up a combined cycle power plant in New Delhi.
Suzlon Energy tanked 6.57% to Rs.261.80. A customer of company in United States had cancelled purchase of 150 units of its turbines, reducing its order backlog by
315 megawatt.
Rohit Ferro Tech dropped 3.75% to Rs.154. The company has signed an agreement with PT Pacific Samudra Perkasa of Indonesia to acquire 60% interest in two of its mining companies.
Shares of three passenger airlines viz. Jet Airways, Deccan Aviation and SpiceJet declined between 2.26% to 8.90%. These companies have raised fuel surcharge in line with rising jet fuel prices.
Market breath was negative with 474 shares advancing and 2,170 shares declined, whereas 49 shares remained unchanged.
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