sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

Markets recovers marginally
November, 16th 2011

The markets have extended losses in mid-morning trades on the back of significnat weakness in capital goods stocks. Energy shares too are facing severe selling pressure.

The Sensex has now shed 198 points at 16,684. The NSE Nifty has dropped 64 points to 5,004.

Among the index stocks, BHEL has slumped 5.5 per cent to Rs 294. Larsen & Toubro has plunged over 4 per cent to Rs 1,235. Jaiprakash Associates too has dropped nearly 4 per cent to Rs 67.65.

Wipro, Hero MotoCorp, Reliance, Coal India, Maruti and Sun Pharma are the other major losers.

On the other hand, Mahindra & Mahindra has advanced nearly 2 per cent to Rs 773. Bharti Airtel, Cipla and SBI are the other notable gainers.

Among sectors, the BSE Capital Goods index has plunged over 4 per cent to 9,790. The Power and the Oil & Gas indices have dropped over 2 per cent each to 2,041 and 8,512, respectively.

BHEL, Thermax and Suzlon Energy are the major losers in the capital goods space. Punj Lloyd, BGR Energy, Siemens, Larsen & Toubro, Crompton Greaves and ABB are the other major losers.

In the oil & gas sector, oil marketing companies are bleeding following a cut in petrol prices. HPCL has plunged 7 per cent to Rs 281. BPCL had tumbled 5.5 per cent and IOC has shed 5.5 per cent. Gail India and Petronet LNG are the otehr prominent losers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions