Business Daily from THE HINDU group of publications
Friday, Oct 24, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Oct 24, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Home Page
-
Stock Markets Markets - Foreign Institutional Investors Our Bureau Mumbai, Oct. 23 The S&P CNX Nifty ended below 3,000-level for the first time in more than two years on Thursday, as continued selling on the foreign institutional investors counters sent the markets into a jittery mode. The Nifty fell by 3.98 per cent and closed at 2943.15. The benchmark index Sensex once again closed below the 10,000-mark, the second time this month, as it fell by 3.92 per cent and closed at 9771.70. Markets opened with a negative bias, taking cues from the global markets and with volatility significantly on the rise, the market is tending towards the bottom, said Mr Amitabh Chakraborty, President-Equity, Religare Securities Ltd. With the outlook for corporates being bleak, this too is adding to negative sentiments in the market, said market players. Heavyweight companies, which have high capex and have already committed their contracts with not much possibility of negotiating on new terms, have difficult times to come, said Ms Anita Gandhi, Head of Institutional Business, Arihant Capital Market Services The statement made by the Prime Minister, Dr Manmohan Singh, on Wednesday, that the country could face a temporary slowdown, also seems to have added to the gloom in the markets, according to market men. Foreign institutional investors were net sellers to the tune of Rs 811 crore, while domestic institutions were net buyers to the tune of Rs 620 crore, according to the data on the NSE. Another volatile swing on the cards for Nifty Sensex @ 10K: up in 483 days, down in 193 Sensex, Nifty among world’s worst performers More Stories on : Stock Markets | Foreign Institutional Investors
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
