Business Daily from THE HINDU group of publications
Friday, Jan 25, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Jan 25, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
|
Home Page
-
Stock Markets Markets - Stock Markets 
Our Bureau Mumbai, Jan. 24 The stock markets closed in the red on Thursday, the Sensex losing 2.12 per cent and the Nifty 3.27 per cent. The Sensex opened optimistically with a gain of 327 points, later surging above the 18,000 levels, making an intra-day gain of 600 points to reach a high of 18,185. But it fell after the Finance Minister, Mr P. Chidambaram’s statement in Davos on ‘moderating capital inflows’ into India on account of Tuesday’ interest rate cut by the US Federal Reserve. More negative news from the global markets, that French bank Societe Generale would write off over $7 billion because of losses from trading frauds and sub-prime exposure, dampened the mood further. The Sensex finally closed 372 points down at 17,222. The NSE’s S&P CNX Nifty closed at 5,033 points losing 170 points. FIIs were net sellers for Rs 2,254 crore; while Domestic Institutional Investors were net buyers for Rs 1,117 crore. The BSE Metal index was the biggest index loser, falling 5.70 per cent in Thursday’s sell off; BSE Power lost 5.32 per cent, Capital Goods 4.87 per cent, and the Realty and PSU indices more than four per cent each. Bank and IT stocks were the least affected. Meanwhile, in view of the bank strike on Friday, BSE and NSE declared Friday, January 25, a holiday for clearing and settlement in both the capital and derivatives market segment, though trading will continue as usual. Sensex rebounds with 864-pt gain but optimism guarded Chidambaramspeak trims market indices fall Who is the do-gooder? Bounceback in prospect? More Stories on : Stock Markets | Stock Markets
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
