October 18, 2011

Morning Bell !!!!............Global cues drag SENSEX 200 pts down

The main Indian equity benchmarks have taken a beating in early morning trade, extending the decline from the previous session, amid renewed doubts over Europe's ability to produce a comprehensive plan to tackle the debt crisis at the Oct. 23 Brussels summit.


Coal India, NTPC, HEROMOTOCO, BPCL, NTPC were among the notable leaders in the Sensex and the Nifty.

Infosys, SBI, ICICI Bank, Jindal Steel, Tata Motors, DLF, Tata Steel, Wipro, TCS, Hindalco Inds, were among the notable losers in the Sensex and the Nifty.

The market breadth is not in favor of the bulls with Small-Cap and Mid-Cap indices also in the red. All sectoral indices on the BSE are trading in a negative terrain.

The BSE IT index is the top loser, down 3% after TCS and HCL Tech results failed to enthuse investors. Both the stocks are down over 6% each. Other It bellwethers - Infosys and Wipro are also down sharply.

Realty, Metals, Banking, Consumer Durables and Capital Goods indices on the BSE are down 1-2%.

Pharma, Oil & Gas and Auto indices have lost 0.5% or more. The remaining indices on the BSE are flat to slightly down

Results Today:

HCL Tech, Hero Motocorp, JSPL, IndusInd Bank, Patni Computer, Petronet LNG, Chambal Fertilizers, Crisil, Coromandel International, NIIT Tech, BOC India, Aditya Birla Money, Torrent Pharma, Maharashtra Scooters, Kirloskar Brothers, Edelweiss Financial, Symphony, Chennai Petro. MM forgings, KSB Pumps, SE Investments, Sutlej Textiles, Blue Star Infotech, Premier, Honeywell Automation, Prism Cement, Fame India, ADOR Welding, Inox leisure, Shalimar Paints, Oudh Sugar mills, Aro Granite Industries.

Stock In NEWS

- Crisil : Board to consider buy back of shares

- Symphony board to consider stock split

- Santowin board approves stock split from Rs 2 to Rs 1/sh

- FDI caps for broadcasting sector set to rise to 74% from the existing 49% (FE)

- Govt suspends manufacture, sale of cancer drug Letrozole - Ranbaxy to be impacted as the company launched this drug on July 25 in UK, Romania & France

Source:- Moneycontrol

Key Indices

SENSEX 16766.78 -258.31 (-1.52%)
NIFTY 5041.60 -76.65 (-1.50%)

CNX Midcap 7055.75 -83.80 (-1.17%)



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