Free stock tips : Economic Analysis Till Now-
1. Sensex tanks 563 pts, Nifty was on 7657.
2. Cipla acquires two US pharma companies for $550 m.
3. ONGC buys 15% in Russia's Vankor oil field for $1.35 bn.
4. ABB installs 2 GW of solar inverters in India.
5. GE keen to strengthen partnership with India.
6. LIC launches New Endowment Plus, its new Ulip.
Free stock tips : Market Analysis Till Now -
Indian markets slided to fresh 13-month low on Friday last week, led by heavy selling in banking and metal stocks, amid a fragile global equity market environment. Analysts said there's a major global risk aversion in growing markets due to a possible interest rate hike in the US and concerns over slow-down in China.
Sensex dropped 505 points, or 1.95% to 25,259 in post noon trade, its lowest level in the past 13 months. Nifty declined 162 points, or 2.01% to 7,660; the index had broken the crucial level of 7,700 during the intra-day trade.
Foreign institutional investors (FIIs) sold shares worth a net Rs 16,153 cr. in August, the biggest monthly sell-off since January 2008. This exerted pressure on markets and led Sensex to plummet 6.5% in the month, the worst monthly drop in nearly 4-years.
Foreign institutional investors (FIIs) have turned sellers, offloading Indian stocks worth Rs 394 crore on Thursday, hurting market sentiments. Moreover, native institutional investors (DIIs) bought stocks to the tune of about Rs840 Cr.
2. Cipla acquires two US pharma companies for $550 m.
3. ONGC buys 15% in Russia's Vankor oil field for $1.35 bn.
4. ABB installs 2 GW of solar inverters in India.
5. GE keen to strengthen partnership with India.
6. LIC launches New Endowment Plus, its new Ulip.
Free stock tips : Market Analysis Till Now -
Indian markets slided to fresh 13-month low on Friday last week, led by heavy selling in banking and metal stocks, amid a fragile global equity market environment. Analysts said there's a major global risk aversion in growing markets due to a possible interest rate hike in the US and concerns over slow-down in China.
Sensex dropped 505 points, or 1.95% to 25,259 in post noon trade, its lowest level in the past 13 months. Nifty declined 162 points, or 2.01% to 7,660; the index had broken the crucial level of 7,700 during the intra-day trade.
Foreign institutional investors (FIIs) sold shares worth a net Rs 16,153 cr. in August, the biggest monthly sell-off since January 2008. This exerted pressure on markets and led Sensex to plummet 6.5% in the month, the worst monthly drop in nearly 4-years.
Foreign institutional investors (FIIs) have turned sellers, offloading Indian stocks worth Rs 394 crore on Thursday, hurting market sentiments. Moreover, native institutional investors (DIIs) bought stocks to the tune of about Rs840 Cr.
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