Aug 17, 2009

Week Starts with Panic Monday; Nifty below 4400

On the start of a new week the Sensex fell 626 points to close at 14,785 while the Nifty lost 192 points to close the day at 4,388.

It happened to be a shattering start of the week as the Indian markets kept trading in the red in the second consecutive session mirroring Friday.

The Benchmark Index Sensex has lost over 700 points in the last couple of trading days.

The 6% downfall in the Chinese markets was the major sentiment shatterer on Monday as the Shanghai Composite index in China witnessed the biggest down fall for the first time since November last year.

The cues from the rest of the world were also not at all encouraging. Selling pressure was seen in the equity marets across Asia, Europe and also the US Futures markets.

Now Coming back to India, it was an all round selling seen on the Indian bourses.

Even the Mid-Cap and the Small-indices ended in deep red. The BSE Mid-Cap index fell 3.7% and the Small-Cap index declined 3%.

The BSE Sensex slipped by 626 points at 14,785. The index opened at 15,284 which was an intra-day high for Sensex and a later hit a low of 14,740. On the other hand, the NSE Nifty lost 192 points to close at 4,388.

All the 30-components of Sensex ended in the red. The major losers were Reliance Industries, ICICI Bank, L&T, ITC, Infosys and SBI.

In the broader market, major losers included HDIL, IFCI, United Phosphorous, LITL, Videocon Industries and Jet Airways.



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August 19, 2009  
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August 19, 2009  

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