Tuesday, October 04, 2011
A steep fall in major banks post Moody's SBI downgrade and weak global trend weighed on the sentiments today. The Sensex tumbled 287 points and the Nifty slid 77 points.
SBI hits 52-week low after Moody’s downgrade
Prakash Constrowell makes smart gains on listing day
Maruti survives in the weak market
Cairn India slips as crude oil prices fall
Avantel advances on buyback plan
Nifty October 2011 futures were at 4779, at a premium of 6.85 points over spot closing of 4772.15. Turnover in NSE's futures & options segment surged to Rs 111863.83 crore from Rs 81146.33 crore on Monday, 3 October 2011.
State Bank of India (SBI) October 2011 futures were at 1780.40, at a discount compared to spot closing of 1794.05.
Key benchmark indices fell for the third straight day as weak global shares, data showing stepping up of selling by foreign funds on Monday, 3 October 2011, and likely muted-to-weak Q2 earnings hit sentiment adversely. The market breadth was weak. The barometer index Sensex hit 20-month low below the psychological 16,000 level. The 50-unit S&P CNX Nifty hit 5-1/2-week low. Except the BSE Capital Goods index, all the other 12 sectoral indices on BSE dropped. The Sensex slumped 286.59 points or 1.77%, up close to 120 points from the day's low and off close to 335 points from the day's high.