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 flat amid mixed global cues
August, 11th 2009

The key benchmark indices were flat in early trade amid mixed cues from global peers. The Sensex shed 70 points to trade at 14,939 levels and the Nifty lost 14 points at 4,423.

The markets lacked conviction at 16,000 levels. The markets rallied during the past 3 months due to a feel good factor and the fundamentals had not really caught up. 14,500-15,500 is a good range to enter the markets, said Raj Majumder, CEO, iMetanoia Financial Services.

Realty, FMCG and capital goods stocks were under pressure while pharma counters moved higher. The realty index on the BSE fell 1.2 per cent and the FMCG index shed 0.9 per cent. The BSE capital goods slipped 0.7 per cent.

Among the Sensex stocks, ACC was the biggest loser. The stock dropped 2 per cent. Hero Honda, HDFC and ITC fell over 1.3 per cent each.

However, M&M advanced 2.6 per cent and was the biggest gainer in the pack.

US stocks fell modestly on Monday in the absence of any major corporate or economic developments. Investors were cautious ahead of a two-day meeting of the Federal Reserve that starts Tuesday.

The Dow Jones industrial average fell 32.12, or 0.3 percent, to 9,337.95. The Standard & Poor's 500 index fell 3.38, or 0.3 percent, to 1,007.10, while the Nasdaq composite index fell 8.01, or 0.4 percent, to 1,992.24.

Most Asian markets were trading with modest gains today.

Hong Kongs Hang Seng and Japans Nikkei rose over 0.3 per cent each. Chinas Shanghai Composite was also up over 0.2 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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