World stocks down after US cuts 3Q growth estimate, survey shows China manufacturing slowdown BANGKOK (AP) — World stocks fell Wednesday after a survey showed China’s factories are cutting production and the U.S. lowered its third quarter growth estimate, adding to pessimism …
Continue reading...Nifty below strong support of 4720
Nifty made a low of 4698 at noon. technically if it heads for a close below 4720, further weakness is likely to step in and markets could head lower to 4500 in near term. …
Continue reading...Siemens drops 4% on disappointing Q4 net
Siemens has tumbled 4% in morning trades following a 29% drop in Q4 net profit. Siemens reported a 29% drop in net profit for the quarter ended September 2011 at Rs 178.1 crore due to exchange loss of Rs 158.6 crore. Sales grew 19% over the corresponding previous quarter at Rs 3,558.6 cr…
Continue reading...Markets on a firm ground
The markets continued to trade on a firm note in the noon deals. The Sensex was at 16,105, up 159 points and the Nifty at 4,815, up 38 points. Earlier in the day, the BSE benchmark opened in the green and the Sensex touched the day’s high at 16,152. Tata Motors was the top gainer …
Continue reading...Wall St. Tumbles on Europe, Recession Worries: Dow Turns Negative for 2011
By Angela Moon NEW YORK (Reuters) – U.S. stocks tumbled on Monday, with the Dow turning negative for the year, as concerns about heavy debt loads both in the United States and Europe heightened worry about recession and increased volatility. Risky assets like commodities also fell…
Continue reading...Strong support for Nifty at 4700-4750 levels
Nifty has strong support at 4700-4750 levels. if manages to hold onto these levels, can bounce back to 5000. A break below 4700, could trigger further downside upto 4500 levels in near term. For details, please view the chart below …
Continue reading...NSE drops Kingfisher Airlines from F&O list
The National Stock Exchange (NSE) has removed Kingfisher Airlines from the futures and options (F&O) list. Accordingly, contracts will not be issued for the months beginning February 2012. “Existing unexpired contracts for expiry months of December and January would continue to be …
Continue reading...Top nine Sensex cos lose Rs 82,000 cr in m-cap
Nine out of the 10 most-valued companies in the country saw a dip of Rs 81,898 crore in combined market capitalisation (m-cap) during the week gone by, with corporate major RIL the worst-hit. However, Bharti Airtel bucked the trend and saw its market valuation surge. During the week, Bh…
Continue reading...Property prices likely to fall by 25 per cent in next quarter
New Delhi: The real estate market, witnessing a big drop in sales and a consequent cash crunch for realtors, is likely to see a sharp decline in prices during the January-March quarter, according to property experts. “The realty market is over-heated at present. We expect prices to…
Continue reading...WEEKLY REVIEW: Sensex sheds 5%, Nifty falls below 5K
The markets logged heavy losses in the week under review on the back of ongoing euro crisis and domestic growth issues. The markets saw red on all five trading days of the week, with the broader markets facing brunt of the selling. Despite leadership changes at Greece and Italy, the fear…
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