BSE Sensex managed to close the week above 11000, but on the last trading day of the week, profit booking was evident in many heavy-weight counters. The markets ended marginally higher after a huge volatile session. The Sensex lost 316 points from an intraday high of 11,339, before closing the day at 11,023 up 76 points. The NSE Nifty closed at 3,384 up 0.4% or 15 points and it lost 105 points from the day's high point of 3,489.
After eight successive sessions of positive rally, the domestic market today took a sharp turn to close in red terrain on the back of profit booking.
The BSE Sensex closed at 10,947 down 337 points or 2.99% after hitting day's low of 10,900 and high of 11,367. While, the Nifty shut at 3,369 down 3.2% or 115 points after touching an intraday low of 3,354 and high of 3,510 during the day.
Indian Stock markets continued the upward move on Wednesday as well. The markets opened sharply lower on the back of weak global cues and disappointing guidance from Infosys, but saw significant recovery from the day's low as huge buying interest from the Institutional and local players helped the Sensex successfully to close above 11,000 mark while the Nifty to close above the 200-day moving average of 3,425.
Indian Markets closed higher on back on strong global cues and positive reports from various brokerage firms. The markets closed higher for the seventh consecutive day. Huge buying was seen in shares of banking, metal, realty, auto and oil & gas stocks.
stayed in positive zone on Thursday. Markets are waiting for next trigger and are range-bound.
After a weak start, Indian Stock markets managed to close higher on Wednesday. Asian markets were weak and US markets closed lower for second day on Tuesday.
After a weak start, the BSE Sensex continued to trade in the negative terrain this afternoon. Huge selling action was witnessed across front line stocks.
Metal, banking and realty stocks were hammered badly.
Secondline stocks traded flat with negative bias. BSE Midcap and Smallcap index dropped 1.03% and 0.55% respectively.
Weak global markets and worries over deep recession continue to weigh in deeply on the stock markets. The quarterly results of companies have been mixed thus far.
Aban Offshore Limited, country's largest offshore drilling contractor in the private sector, has informed that its unit has signed an agreement for the deployment of the semi- submersible rig Aban Pearl offshore Latin America, for a 5 year period.
The estimated revenue from the deployment, which is expected to commence in Q3 of the fiscal 2008-09, is about Rs 3150 crore, including estimated reimbursement towards taxes, duties and other levies.
The Indian stock markets dropped for the second straight trading session on Friday (Sep 05). Taking an indication from the feeble US and Asian markets, the 30-share index BSE Sensex declined 415.27 points to end the week at 14.483.83. It also hit an intra-day high of 14,601.39 and an intra-day low of 14,438.59.
In contrast, the broader S&P CNX Nifty of National Stock Exchange (NSE) fell 95.45 points at 4,352.30. It also touched an intra-day high of 4,444.70 and an intra-day low of 4,328.90.
Indian equities tumbled on weak global signals on Friday (Sep 05). Banking, realty, IT and metal stocks pulled the stock index down.
Besides, Midcap and smallcap stocks also contributed to the pessimistic reactions.
Asian stocks ended the week negatively on Friday, as fear over worldwide dropdown sparked a plunge in finance, energy and raw-materials shares.
The Sensex ended the week after losing 415.27 points at 14,483.83 after hitting an intra-day high of 14,601.39 and an intra-day low of 14,438.59.