Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS
 
 
« Markets »
 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?
 Sebi mulls allowing foreign VCs in infra investment firms

Markets end in red, Sensex sheds 334 points
June, 19th 2008

The markets extended their hefty losses for the second day on Thursday with the benchmark Sensex shedding over 300 points as realty, bank and consumer goods came under heavy selling pressure following weak Asian cues and political uncertainty at the Centre.

The 30-share barometer on the Bombay Stock Exchange closed the day at 15,087.99 points, a fall of 334.32 points, or 2.17 per cent, from its previous close.

The broader 50-share S&P CNX Nifty of the National Stock Exchange also dropped 78.15 points, or 1.71 per cent, to close at 4,504.25.
Ranbaxy Labs, which on Wednesday announced settlement of most of its patent litigation over cholesterol lowering drug Lipitor with US-based Pfizer, was battered on BSE with shares closing down by a significant 7.68 per cent.

Rel Infra was the second biggest loser at 5.68 per cent. BHEL and L&T were the other prominent losers among elite club at 5.04 per cent and 4.84 per cent respectively.

The country's largest private sector lender ICICI Bank also took a hit of 4.08 per cent.

In Asian markets, key indices China, Hong Kong, Japan, South Korea, Singapore and Taiwan were down by 1.88 per cent to 6.54 per cent.

The Asian bourses took cues from the Dow Jones Industrial Average which hit its lowest level in three months as worries about a weak US economy, compounded by credit sector concerns. The negative factors dragged down shares in banks, autos and transport firms in Asian markets.

Weakness in European markets in their early trade also added to selling pressure. Key indices in UK, France and Germany were down in the range of by 0.03 per cent to 0.77 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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