• Sign Up
  • |
  • Sign In Sign Out
  • |
  • Make us your home
  • |
  • RSS
1 2
1 15
1 4
1 9
1 13
1 14
IPO
1 25
1 5018
SME
1 5018
  • MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
  • SENSEX, NIFTY UP 1% EACH FOR THE WEEK
  • CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
  • METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
  • INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
  • RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
  • RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
  • ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
  • APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
  • JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
  • CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
  • GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
  • NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
  • PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
  • IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
  • IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
  • TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
  • KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
  • STILL SEE DOWNSIDE RISK FOR THE ECONOMY
  • AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
  • PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
  • MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
  • WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
  • DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
  • EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
  • ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
  • ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
  • ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
  • SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
  • COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS
Updated: 19/08/2008 | 10:06 AM IST
Markets weak on global cues
Abhinandita Banerjee
Tuesday, August 19, 2008 (Mumbai)
Comments:
Read (0)

The markets are weak in the early deals of Tuesday with the BSE Sensex, shedding 0.5 per cent to trade at 14,579 levels.

In the broader markets, Nifty has also dropped 0.4 per cent to 4375 levels.

“Nifty may test 4320 levels today. Banking stocks are likely to lead the resurgence in market,” said Shrikant Chouhan, Technical Analyst, Kotak Securities.

Selling pressure has emerged across most counters barring consumer durables and IT stocks. Capital goods, realty, banking and auto counters are leading the decline.

“Crude oil may cease to be a trigger for equity markets and the recent 4-day sell-off is due to the lack of any decision on PNs by Sebi,” said Vinod Kumar Sharma, Head of Research, Anagram Stock Broking.

Wipro, shedding 2.1 per cent, is the biggest loser among the BSE-30 scrips. Other prominent losers in the group are Housing Development Finance, Sterlite Industries and Bharti Airtel. 

The Asian markets are weak on Tuesday with Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei trading in the red zone by over 0.6 per cent each.

Capital goods, banking worst hit

The BSE capital goods index, losing 112 points or 0.9 per cent is the biggest loser among the sectoral indices. AIA Engineering, ABB and BHEL are the major losers in the group. The BSE banking index is also down 0.3 per cent. 

Comments:
Read (0)
Comments
 
Market Watch
         
Graphs
Stocks

                                Moremore
Stock Dashboard
Trading Calls
Rupal Saraogi
Rupal Saraogi
2.09% status
Current: Rs 1755.5
Simi Bhaumik
Simi Bhaumik
2.43% status
Current: Rs 2335.75
Stock Recos
The investors should remain invested in the stock
The investors can book partial profit and hold the remaining stock with a stoploss of closing below Rs 105
Buy or Sell
Today's Analyst: Neera Jain
Query : Sukhendu, an investor from Mumbai, has 500 Wockhardt at Rs 184/share.