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: due date for vat payment :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT RATES :: cpt :: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD
 
 
« General »
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall

Nifty slips to 5500; tech, metals, oil&gas, realty down
July, 28th 2011

Indian markets continued to slip lower as cautious investors resorted to profit booking on concerns ofUS debt default and after a higher-than-expected rate hike by theRBI. The trade is likely to churn volatile as the session progresses due to settlement of July F&O series.

"Multiple pressure points are at work in the markets at the current juncture. The RBI's shock treatment is on top of the list followed by the political posturing in the US over how to manage the debt crisis. Mind you, the eurozone credit problems are not over yet.

Moderation in FII inflows is also a cause for concern. Meanwhile, SEBI's Board will meet today to mull a string of important issues.

The start will be soft due to a worldwide sell-off linked to the US debt drama. Wall Street suffered badly overnight while European stocks too were hit. Asian markets are mostly lower as well.

The key indices will go through usual intraday gyrations associated with F&O expiry. For the Nifty, the key level to watch will be 5500 on the downside and 5600 on the higher side," said IIFL report.

At 10:01 am; National Stock Exchange'sNifty was at 5500.55, down 46.25 points or 0.83 per cent. The broader index touched a high of 5512.10 and low of 5491.30 in trade so far.

Bombay Stock Exchange'sSensex was at 18281.88, down 150.37 points or 0.82 per cent. The 30-share index touched intraday low of 18255.62 and high of 18327.85

BSE Midcap Index was down 0.66 per cent and BSE Smallcap Index moved 0.53 per cent lower.

Amongst sectoral indices BSE IT Index was down 1.52 per cent, BSE Metal Index declined 1.48 per cent, BSE Oil&gas Index moved 1.13 per cent lower and BSE Realty Index slipped 0.93 per cent. BSE FMCG Index was up 0.39 per cent.

Punjab National Bank (-3.02%), HCL Tech (-2.81%), Ambuja Cement (-2.22%),Infosys Technologies (-1.89%) and NTPC (-1.83%) were amongst the top losers.

ITC (1.14%), BHEL (0.81%), Maruti Suzuki (0.79%),Siemens (0.59%) and Bharti Airtel (0.36%) were the major Nifty gainers.

Market breadth was negative on the NSE with 1175 gainers against 1907 losers.

Meanwhile, the Asian markets were also reeling under selling pressure. Nikkei 225 was down 1.16 per cent, Hang Seng fell 1.03 per cent and Seoul Composite moved 0.78 per cent lower.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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