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 fell in late-noon trades
December, 27th 2010

The markets have dipped into the red in the late afternoon, possibly on the back of the losses incurred by the Shanghai bourses and an uneasy opening across Europe. The Sensex is quoting at   20051, lower by 22 points and the Nifty is at 6001, down nine points. The midcap index is at 7622, lower by four points and the smallcap index is at 9379, up 25 points.

China's key stock index ended down 1.9%, wiping out an earlier 1.5% gain, as investors dumped property, financial and energy shares on concerns about their longer-term outlook after a short-lived relief rally in the morning. The other Asian markets also had a mixed closing; the Nikkei ended higher by nearly a percent, while the Hang Seng shed about half a percent. China's central bank had raised the interest rates by a 25 basis on Christmas Day, moving sooner than many analysts and market participants had expected. And the European markets have had an edgy start, with the CAC and DAX slipping by more than a percent each.  The FTSE is, however, trading marginally higher.

Tata Power has strengthened by 1% at Rs 1315 to top the gainers list on the BSE. Giving the power behemoth company are Bhel, which has hardened by 0.8% at Rs 2305 and Hero Honda, which is up 0.7% at Rs 1944. Cipla, DLF and Wipro are the other major gainers. And the debutant of the day, Ravi Kumar Distilleries is trading higher by around 20% at Rs 85. The shares of the Indian-made foreign liquor manufacturer made a handsome debut on the National Stock Exchange this morning, listing at a premium of over 12% to its issue price.

On the other hand, RCom has extended its losses and is now down 3.5% at Rs 136. Sterlite has shed 2% at Rs 181 and Bharti Airtel has lost 1.9% at Rs 341.

The market breadth is positive. Out of 2935 stocks traded on the BSE, there are 1461 advancing stocks as against 1366 declines.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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