Friday, November 09, 2012
Global Cues: The European shares closed lower on Thursday (November 08, 2012), FTSE100 down by 0.27%, CAC40 fell by 0.06% and DAX slipped by 0.39%. The US stocks closed lower on Thursday. Dow Jones down by 0.94% and Nasdaq fell by 1.42%. Events for the day: Results: State Bank of India, Coal India, Tata Steel, PFC, Corporation Bank, CESC, Eicher Motors. Glaxosmithkline Pharmaceuticals, Max India, Tata Chemicals, Apollo Hospitals Enterprises, BPCL, Neyveli Lignite Corporation, HPCL, Pantaloon Retail (India), Videocon Industries, Aurobindo Pharma, Essar Oil, United Spirits, IOC, Suzlon Energy, Sun TV Network, Jindal Steel & Power, Lanco Infratech, Pipavav Defence & Engineering Company, Gitanjali Gems, HDIL. Stock in news: DHFL cuts home loan rates. GTL Infra restructures FCCBs worth $300 mn. DoT starts issuing notices to telcos for false revenue reports. Sun Pharma to buy Dusa for Rs1,250 cr.
Key benchmark indices edged lower in choppy trade, with investors worried about US and European fiscal health. United States is the world's biggest economy. The barometer index, BSE Sensex, lost 56.15 points or 0.3%, up close to 110 points from the day's low and off about 20 points from the day's high. The market breadth was negative. Index heavyweight Reliance Industries (RIL) cut intraday losses in late trade. Index heavyweight and cigarette major ITC edged lower in choppy trade. Indian stocks today, 8 November 2012, snapped six-day winning streak. The Sensex had jumped 471.56 points or 2.55% in six trading sessions to settle at 18902.41 on Wednesday, 7 November 2012, from a recent low of 18,430.85 on 30 October 2012. The Sensex has surged 3,391.34 points or 21.94% in calendar 2012 so far (till 8 November 2012). The Sensex has gained 340.88 points or 1.84% in first six trading sessions of November month. From a 52-week high of 19,137.29 on 5 October 2012, the Sensex has declined 291.03 points or 1.52%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 3,710.40 points or 24.51%.