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Sensex Ignores Strong IIP Data; Closes Week After Losing 174 Pts At 15,238 |
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Written by Administrator
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Monday, 15 June 2009 17:14 |
The 30-share index BSE Sensex on Friday belled the day on a positive note at 15,447, up 35.35 points, and hit an intra-day peak of 15,600. But, profit booking at higher levels and investors ignoring the advancing IIP data pulled the stock index down, and hit a low of 15,174.
The industrial output surged 1.4 per cent during April 2009 as compared to a fall of 0.75 percent in March 2009.
SMC Global Vice-President Rajesh Jain said, “The market did not react to positive IIP data as it is saturated at the moment. Investors should not expect a rally for so long. It is only a normal correction, which happened today. Going forward, one can expect corrections in the market.”
Finally, the Sensex ended the day after a loss of over 173.53 points at 15,238. The broad-based NSE Nifty lost 54.30 points (1.17%) at 4,583.40. Nifty touched an intra-day high of 4,693.20 and an intra-day low of 4,566.15.
On a weekly basis, Sensex gained 132 points, its 14th successive weekly gain.
Secondline stocks remained weak and backed the downfall. Mirroring widespread selling BSE Midcap and Smallcap were down by 2.10% and 2.21% respectively.
Most of the sectoral indices remained weak during the day. The BSE Realty, Auto, Capital goods, Consumer durables and Bankex index was down more than 2% each.
The only gainer among the sectoral indices was BSE Metal, which was up by nearly 2%.
At the close of session, investors were poorer by Rs 68,000 crore with BSE’s market capitalization now at Rs 49.8 lakh crore.
Out of 30 sensex stocks, 26 closed the day negatively. In the broader market, losers’ outnumbered winners by a margin of nearly 3:1 with 2,020 stocks ending lower compared to 706 closing higher.
Among the sensex stocks, Ranbaxy (6.03%), DLF (5.80%), RCom (4.38%), Mah & Mah (3.92%), Tata Motors (3.69%), and Rel Capital (3.58%) were the top losers while RIL (2.48%), Sterlite Industries (India) (2.26%), ONGC (0.80%), and Tata Steel (0.78%) were the top gainers.
The figures from SEBI showed that foreign funds bought shares worth $209.4 million on Friday
Japanese benchmark index Nikkei surged 154.49 points to end at 10,135.82. Hong Kong’s Hang Seng index gained 98.65 points to close at 18,889.68 and China’s Shanghai Composite dropped 53.56 points to settle at 2,743.76.
Markets across Europe were doubtful and largely flat, with the FTSE in Britain trading 17.32 points lower at 4,444.55 points, and its French peer CAC 40 ruling 3.81 points down at 3,331.13 points. |
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Moussavi calls on Guardian Council to nullify election |
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Written by Administrator
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Sunday, 14 June 2009 17:27 |
Tehran - Iranian opposition leader Mir-Hossein Moussavi called on Iran's Guardian Council Sunday to nullify the results of the presidential election.
Moussavi said in a statement on his website that he had forwarded an official request to the Guardian Council asking it to nullify the results.
Moussavi has accused President Mahmoud Ahmadinejad and the interior ministry of cheating in the voting process, and claimed that he was the real winner of the election.
The interior ministry on Saturday announced that Ahmadinejad had won the election with over 62 per cent of the vote.
Besides Moussavi, several opposition parties and groups have as well doubted the election results and even an influential clergy group has called on new elections. |
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Last Updated on Monday, 15 June 2009 16:37 |
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Iraqi officer gunned down in Mosul |
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Written by Administrator
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Sunday, 07 June 2009 12:21 |
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A group of men fatally shot an Iraqi police officer in the northern Iraqi city of Mosul on Sunday afternoon, police there said. The officer was standing in front of the local offices of the Department of Social Welfare in the eastern Mosul district of al-Faisaliya when "unknown gunmen" opened fire and killed him, police in Mosul told the German Press Agency dpa. Also on Sunday, in a predominantly Christian district in an eastern district of the city, a band of armed men abducted a teacher, police added, without providing any further details. The teacher was at least the fourth civilian to be abducted from the area in the past 24 hours. On Saturday night, police told dpa that armed men had abducted three civilians, including a Christian woman, from the al-Akha' weh al-Bakr district in the east of Mosul. Mosul and its environs are among the most religiously and ethnically diverse areas of Iraq, and among the most prone to violence, despite successive security pushes that police say have netted hundreds of insurgents. On Sunday morning, police found two corpses in the south of the city, they told dpa. The bodies were turned over to forensic scientists for identification. Sunday's attacks on Iraqi security forces in Mosul followed two deadly gun battles in Mosul Saturday night. In one incident, insurgents killed two Iraqi police officers in the city centre, police said. In another, police arrested 23 men suspected of belonging to al-Qaeda in Iraq after a firefight in the al-Darkazaliya al-Jaza'ir district of eastern Mosul on Saturday night. |
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Last Updated on Monday, 15 June 2009 14:39 |
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