Sensex down 240 points at 8,663 mark
Just
in:
Continuing
its
downward
spiral,
Sensex
fell
240
points
to
8,663
mark
and
Nifty
lost
67
points
at
2,641
at
3:30
pm.
3:55
PM
11/25/2008
Just
in:
Profit
booking
in
European
markets
has
wiped
out
early
gains
and
the
market
is
trading
flat.
After
trading
in
green
for
most
part
of
the
day,
Sensex
now
dropped
1.96
points
and
was
quoted
at
8,901
mark.
But
Nifty
gained
8.05
points
at
2,716.
2:40
PM
11/25/2008
Just
in:
Unlike
Monday,
Nov
24
the
markets
are
trading
higher...
Sensex
was
up
92
points
to
8,995
and
the
Nifty
gained
40
points
at
2,748,
at
11:37
am.
ONGC,
Sterlite
Industries,
Tata
Power,
Wipro,
HDFC
Bank,
Tata
Communication,
Cairn
India
and
Reliance
Infrastructure
are
top
gainers.
12:33
PM
11/25/2008
Mumbai, Nov 25: US President-elect Barack Obama's new 'economic team', govt's rescue package to ailing Citigroup, a supposed economic bailout package in near future boosted the US economy. On this positive cues, the Sensex surged to green compared to previuos closed in red.
Sensex opened up 253 points at 9,156 mark while Nifty too rose 68 points at 2,776 at 10:00 am.
Asian markets are too trading higher. Nikkei reported a jump of 2 to 4 pc. Gold is trading at 5-week highs and Silver shot up 9 pc.
Key benchmark indices surged in the opening trade boosted by the Citigroup's bailout plan and the US President-elect Barack Obama promising to take extraordinary policy responses to save the world's largest economy from a major financial crisis. Sentiments across the globe improved after the US Government said it was prepared to lend more than USD 7.4 trillion on behalf of American taxpayers to rescue the financial system.
Global cues were strong. Asian markets surged today, after the US rescue of Citigroup bolstered badly needed confidence in the broader banking sector. Key benchmark indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were up by between 0.13 per cent and 3.71 pc.
Volatility may rise in the coming days ahead of the derivatives expiry for November 2008 series on November 27. As per reports, rollover of Nifty positions from November to December series stood at 30 pc yesterday.
Reliance Infrastructure was up by 4.82 pc to Rs 528.90, followed by Grasim (up by 2.45 pc to Rs 930.50) and Hindalco Industries (up by 2.71 pc to Rs 53.10).
ICICI Bank jumped up by 4.31 pc to Rs 336.45 and State Bank of India gained 0.58 pc to Rs 1,153.90 and HDFC Bank rose by 4.29 pc to Rs 867.20.
But,
Maruti
Suzuki
India
was
down
by
0.05
pc
to
Rs
529.70.
It
was
followed
by
DLF
(down
by
0.39
pc
to
Rs
189.90)
and
Hindustan
Unilever
(down
by
0.25
pc
to
Rs
35.35).
10:13
AM
11/25/2008
OneIndia
News