5:51 PM 11/28/2008
As it is the last day for November settlement, Sensex are trading positive at 9,030, up 3.88 points. While Nifty was quoted 7.90 pts down at 2,744. BHEL, TCS, Infosys, HDFC, Cipla, Tata Power, Maruti, M&M, Suzlon Energy, and ACC are seeing buying.
2:44 PM 11/28/2008
Mumbi, Nov 28: Markets are highly volatile as Sensex fell 19 points to 9,006 and the Nifty lost 12 points to 2,739 at 11:00 am. Gross Domestic Products (GDP) growth reported at 7.6 pc for the Second quarter of FY09. Inspite of better GDP numbers, Sensex recorded a fall.
The ongoing Mumbai terror attacks failed to damper the mood of markets for as it opened low but reported marginal gains soon after. At 10 am, the Sensex fell 24 points to 9,002 and the Nifty lost 2.05 points to 2,750. ONGC, Bharti Airtel, NTPC, BHEL, Infosys, HDFC Bank, TCS, HCL Tech are trading higher. However, Sun Pharma, Reliance Communication, Reliance Power, Tata Steel, ICICI Bank, L&T, HDFC, SAIL and Reliance Infrastructure are losers.
Hotels shares are taking beating after that terror attack on the iconic Taj Mahal and Trident Hotel. Indian Hotels fell by 13 per cent and EIH lost seven per cent. Taj GVK plunged by 10 per cent.
Asian markets are trading mixed. Hang Seng rose 1.96 per cent.
Kospi gained 1.14 per cent. Nikkei and Jakarta rose 0.4-0.8 per cent. However, Shanghai and Straits Times fell over one per cent.
Taiwan lost marginally.
Meanwhile, Crude January Future is trading at USD 53-54 to a barrel on the NYMEX, ahead of OPEC meet, brokers added.
11:36 AM 11/28/2008