21st
January
2008
It seems that pain is not yet over and the markets once again opened on extremely disappointing note after yesterday’s catastrophic meltdown. Cues from the Asian markets added more pain to our markets.
Sensex and Nifty both opened with over 10% cut and hit the lower circuit and the trading got halted for one hour only fourth time in Indian history. Sensex opened down 9.75% or 1716.41 points at 15888.94 and Nifty was down 12.10% or 630.45 points at 4578.35. Sensex so far was down 25% and Nifty 28% from its all time high.
Major losers in the opening trade were ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, SAIL, Unitech, Infosys.
posted in News |
21st
January
2008
It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. Sensex and Nifty down almost 12% at one point of time. Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.
BSE was shut for a brief period of time however it resumed trading immediately. Later it recovered Sensex recovered 700 points from the day’s low. and finally Nifty closed down 8.5% and Sensex was down 7%.
Before this the markets saw the second highest point fall on May 18, 2006; Sensex was down 826 pts (6.76%) on account of Government circular on taxing investment gains; heavy selling by FIIs, retail investors and a weakness in global markets.
Today Sensex was down -1408 points and nify was down -496.50 points. Today’s top losers were Reliance Energy, ACC, Bajaj Auto, NTPC.
Now after closting the market Sensex is at 17605+ Point and Nify at 5208+ Point.
posted in News |