4:13 PM 10/16/2008
Mumbai, Oct 16: Sensex recovers sharply after falling more than 7 pc. Benchmark indices have recovered smartly and are trading off day's low. Gainers are Reliance Communication, HDFC, Sterlite Industries, PNB, Tata Steel, Bharti Airtel, ABB, SBI, Unitech, SAIL, DLF and ITC, which are up 2-8 pc. The Sensex recovered over 600 points and the Nifty 175 points from day's low of 10,017.80 and 3099.90, respectively.
The Sensex fell 151 points to 10,657 and the Nifty lost 51 points to 3,287, at 2:10 pm.
3:03 PM 10/16/2008
Mumbai, Oct 16: Even as inflation dipped to 11.44 per cent it seems not to affect Sensex as it continues its journey downwards. Markets near the dreaded 10,000 mark. It has hit a low of 10,017.80. The Nifty has tested 3100 mark and touched a low of 3099.90.
A severe sell off in technology, oil, capital goods, telecom, realty, power, metal and auto stocks are putting pressure on markets.
1:07 PM 10/16/2008
Mumbai, Oct 16: At 11:14 am, the Sensex fell 702 points to 10,102 and the Nifty lost 216 points to 3,122. BSE Midcap and Small Cap indinces tumbled nearly 5% each. Only on stock is trading in green on the BSE Sensex and two stocks on the Nifty.
Markets are witnessing huge selling pressure, as they are taking cues from negative global markets. Asian markets plummeted severely, down about 4-11pc. Heavy sell off is seen in technology, realty, oil, telecom, capital goods, metal, power and auto stocks.
11:28 AM 10/16/2008
Mumbai, Oct 16: BSE Sensex on Thursday, Oct 16 crashed 600 points in early trading over fears of recession.
In the worst one-day percentage declines since the stock market crash of 1987, the Dow Jones industrial average ended down 733 points or 7.87 per cent, and the S&P 500 index lost 9 per cent. The Nasdaq Composite Index lost 150.68, or 8.5 per cent, to 1,628.33. Asian stocks fell as much as 9 pc on Thursday, Oct 16 after downbeat US economic data spread fears of a sharp global slowdown. The fall in US stocks is touted to be the worst in 21 years. Japan's Nikkei average falls over 10 pc. While Singapore's Straits Times shed 6.36 per cent.
10:28 AM 10/16/2008