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: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: VAT RATES :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: due date for vat payment
« 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

Sensex plunges below 15000
July, 29th 2009

Indian markets were witnessing a sharp sell-off Wednesday mirroring huge losses in Chinese markets which had run-up sharply in the last 5 days. Realty metals and power stocks were the worst hit in the fall.

At 12:15 pm, Bombay Stock Exchanges Sensex was at 14937.52, down 394.42 points or 2.57 per cent. The index touched an intra-day low of 14888.41 and high of 15379.43.

National Stock Exchanges Nifty was at 4433.75, down 130.35 points or 2.86 per cent. The index touched an intra-day low of 4420.80 and high of 4573.85.

BSE Midcap Index was down 3.23 per cent and BSE Smallcap Index slipped 3.23 per cent.

BSE Realty Index fell 7.07 per cent, BSE Metal Index was down 5.97 per cent and BSE Power Index moved 3.86 per cent lower.

Significant losses in Tata Steel (-8.09%), DLF (-8%), Sterlite Industries (7.97%), Tata Motors (-6.98%) and Reliance Infrastructure (-6.61%) pulled the Sensex lower.

Tata Consultancy Services up 0.29 per cent was the lone gainer in the 30-share index.

Market breadth on BSE turned extremely weak with 1704 declines outnumbering 703 advances.

Asian markets were reacting to the fall in Chinese market. Shanghai Composite recovered some losses after falling over 7 per cent. Investors booked profits across the board led by commodities stocks on speculations that valuations had run ahead of fundamentals. Shanghai Composite had run up over 7 per cent in the past 5 days.

At 12:20 pm, Shanghai Composite was down 5.21 per cent, Hang Seng fell 3.55 per cent and Strait Times declined 1.54 per cent. Nikkei 225 was up 0.26 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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