SENSEX 16361.15 -704.00
NIFTY 4923.65 -209.60
NASDAQ 2476.93 -61.26
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UPDATEDTIME 09.28 PM 22 SEPTEMBER 2011
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Benchmarks
witnessed sharpest fall in one year and closed near important support levels as
sentiments turned bearish after the US Federal Reserve warned of downside risk
to growth. According to analysts, more correction is expected in the market and
any bounce back of rally should be used to go short.
Meanwhile, India's food inflation eased to 8.84 per cent for week ended September 10 against 9.47 per cent a week ago. Fuel price index climbed to 13.96 per cent as compared to 13.01 per cent. The primary articles index was at 12.17 per cent compared to 13.04 per cent a week earlier.
Bombay Stock Exchange's Sensex closed at 16342.42, down 722.73 points or 4.24 per cent. The 30-share index touched intraday low of 16316.03 and high of 16833.61.
National Stock Exchange's Nifty was at 4918.85, down 214.40 points or 4.18 per cent. The broader index touched a high of 5059.85 and low of 4907.75 in trade today.
BSE Midcap Index fell 3.19 per cent and BSE Smallcap Index was 3.18 per cent lower.
BSE Realty Index plunged 5.96 per cent, BSE Metal Index fell 4.51 per cent, BSE Oil&gas Index declined 4.49 per cent and BSE Capital Goods Index was down 4.17 per cent.
Meanwhile, India's food inflation eased to 8.84 per cent for week ended September 10 against 9.47 per cent a week ago. Fuel price index climbed to 13.96 per cent as compared to 13.01 per cent. The primary articles index was at 12.17 per cent compared to 13.04 per cent a week earlier.
Bombay Stock Exchange's Sensex closed at 16342.42, down 722.73 points or 4.24 per cent. The 30-share index touched intraday low of 16316.03 and high of 16833.61.
National Stock Exchange's Nifty was at 4918.85, down 214.40 points or 4.18 per cent. The broader index touched a high of 5059.85 and low of 4907.75 in trade today.
BSE Midcap Index fell 3.19 per cent and BSE Smallcap Index was 3.18 per cent lower.
BSE Realty Index plunged 5.96 per cent, BSE Metal Index fell 4.51 per cent, BSE Oil&gas Index declined 4.49 per cent and BSE Capital Goods Index was down 4.17 per cent.
Amongst the sectoral indices, BSE Realty Index plunged 5.67 per cent, BSE Metal Index fell 4.34 per cent, BSE Oil&gas Index declined 4.19 per cent and BSE Bankex was down 3.98 per cent.
Infrastructure Development Finance Corporation will acquire an IT park jointly owned by DLF and The 3C Company in Noida for Rs 512 crore. The 1.36 million sq ft IT park, partly occupied by Computer Sciences Corp, is one of the non-core assets DLF was planning to monetise to reduce its growing debt.
There was no index gainer.
Indian rupee also hit two-year low at 49.18 against the dollar its weakest since September 2 2009. However it recovered later from the lows to 48.98 per dollar amidst speculations that the Reserve Bank of India must have intervened to prevent sharp fall in the currency.
Jaiprakash Associates (-9.80%), DLF (-7.84%), Sterlite Industries (-7.49%), Reliance Industries (-6.87%) and Tata Motors (-5.89%) were the major Sensex losers.
Regards
RAKESH MAKIN
+91,
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OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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