ECONOMY ANALYSIS
Sensex falls 1%, Nifty ends below 7900; metals, capital goods,
banks drag
Maxwell Ind soars 13% ahead of board meet for land sale
Godrej Properties up 3% on adding new project in Mumbai
September India auto sales rise 4.7%; M&M back in 3rd place
Ballarpur Ind rallies 14% as IFC to invest in subsidiary
MARKET ANALYSIS
The S&P BSE Sensex ended nearly 300 points lower following a sharp
correction in European markets. Nifty has breached 50-day DMA and further
downside in the near term can't be ruled out, say analysts.
The 50-share index closed at 7,852.40, down 93.15 points or 1.17 per cent.
The S&P BSE Sensex ended at 26,271.97, down 296.02 points or 1.11 per
cent.
DLF (5.68%), NMDC (5.57%), Jindal Steel (4.92%), HindalcoBSE -4.35 %
(4.90%) and Sesa Sterlite (4.49%) were among the top losers.
Foreign institutional investors, which were largely responsible for an over 25
per cent rally seen in the BSE Sensex, have become net sellers of Indian
equities in the last five trading sessions.
As per provisional data, FIIs have sold net of Rs 2583.95 in the last five
trading sessions, while DIIs or domestic institutional investors remain net
buyers.
Sensex falls 1%, Nifty ends below 7900; metals, capital goods,
banks drag
Maxwell Ind soars 13% ahead of board meet for land sale
Godrej Properties up 3% on adding new project in Mumbai
September India auto sales rise 4.7%; M&M back in 3rd place
Ballarpur Ind rallies 14% as IFC to invest in subsidiary
The S&P BSE Sensex ended nearly 300 points lower following a sharp
correction in European markets. Nifty has breached 50-day DMA and further
downside in the near term can't be ruled out, say analysts.
The 50-share index closed at 7,852.40, down 93.15 points or 1.17 per cent.
The S&P BSE Sensex ended at 26,271.97, down 296.02 points or 1.11 per
cent.
DLF (5.68%), NMDC (5.57%), Jindal Steel (4.92%), HindalcoBSE -4.35 %
(4.90%) and Sesa Sterlite (4.49%) were among the top losers.
Foreign institutional investors, which were largely responsible for an over 25
per cent rally seen in the BSE Sensex, have become net sellers of Indian
equities in the last five trading sessions.
As per provisional data, FIIs have sold net of Rs 2583.95 in the last five
trading sessions, while DIIs or domestic institutional investors remain net
buyers.
Research
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