ECONOMY ANALYSIS
Sensex tanks 490 pts; Delhi exit polls, L&T Q3 nos weigh
Mowat fancies EMs due to falling rates, commodity prices
Wockhardt rises 5% on Citi upgrade post firm Q3 results
L&T Q3 profit slips 14.6%, cuts order flow guidance; stock tanks
8%
India Ratings pegs fertiliser subsidy for FY16 at Rs 71,000 cr
MARKET ANALYSIS
Exit poll results pointing to an AAP win in Delhi and muted earnings
knocked the S&P BSE Sensex down by as much as 490 points in trade on
Monday. HDFC, ICICI Bank, L&T, ITC and ITC led the losses.
Tracking the momentum, the 50-share Nifty index also slipped below its
crucial psychological level of 8550, weighed down by losses in capital
goods, auto, power, realty and banking stocks.
The 30-share index finally closed at 28,227.39, down 490.52 points or 1.71
per cent. It touched a high of 28566.50 and a low of 28183.32 in trade
today.
The Nifty ended at 8,526.35 down 134.70 points or 1.56 per cent. It touched
a high of 8605.55 and a low of 8516.35 in trade today.
Dr Reddy's Laboratories (up 1.8 per cent), Bajaj Auto (up 1.76 per cent),
ONGC (up 1.5 per cent), and Sun Pharma (up 1.3 per cent) were among the
major Sensex gainers.
Sensex tanks 490 pts; Delhi exit polls, L&T Q3 nos weigh
Mowat fancies EMs due to falling rates, commodity prices
Wockhardt rises 5% on Citi upgrade post firm Q3 results
L&T Q3 profit slips 14.6%, cuts order flow guidance; stock tanks
8%
India Ratings pegs fertiliser subsidy for FY16 at Rs 71,000 cr
Exit poll results pointing to an AAP win in Delhi and muted earnings
knocked the S&P BSE Sensex down by as much as 490 points in trade on
Monday. HDFC, ICICI Bank, L&T, ITC and ITC led the losses.
Tracking the momentum, the 50-share Nifty index also slipped below its
crucial psychological level of 8550, weighed down by losses in capital
goods, auto, power, realty and banking stocks.
The 30-share index finally closed at 28,227.39, down 490.52 points or 1.71
per cent. It touched a high of 28566.50 and a low of 28183.32 in trade
today.
The Nifty ended at 8,526.35 down 134.70 points or 1.56 per cent. It touched
a high of 8605.55 and a low of 8516.35 in trade today.
Dr Reddy's Laboratories (up 1.8 per cent), Bajaj Auto (up 1.76 per cent),
ONGC (up 1.5 per cent), and Sun Pharma (up 1.3 per cent) were among the
major Sensex gainers.
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