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: VAT Audit :: VAT RATES :: TDS :: ACCOUNTING STANDARD :: cpt :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
« 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 sheds 626 points in biggest fall
August, 18th 2009

Dalal Street suffered its sharpest-bruising in almost two months on Monday when it plunged nearly 4.1 per cent even as a global sell-off after a disappointing US consumer sentiment report reignited concerns about the global economic recovery. The BSE Sensex plunged 626.71 points at 14,784.92, its lowest close since August 17 and largest drop since July 6 as a poor monsoon season and global wariness over the strength of an economic recovery triggered worries that foreign investors would retreat from the country after fuelling a recent rally.

As per the Bombay Stock Exchange data, foreign investors were heavy sellers on Monday and pulled out Rs 1,229 crore. With this, total foreign fund outflows in August amounted to Rs 3,590 crore. Higher capital outflows also hit the rupee which fell to the 49 level.

Adding to the weak sentiment, European shares were lower on Monday, retreating for a second day. Key benchmark indices in France, Germany and UK were down by between 1.92 per cent to 2.52 per cent.

Asian stocks dropped for the first time in three days after the consumer data. China, Hong Kong, South Korea, Singapore and Taiwan fell by between 1.95 per cent to 5.79 per cent. Japan's Nikkei 225 Stock Average fell 3.1 per cent even as a government report showed the country's economy grew for the first time in five quarters.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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