Political uncertainty coupled with the absence of buying support and increased selling from foreign institutional investors and local operators pushed the benchmark CSE-40 index down by 8.98 per cent at Calcutta Stock Exchange on Monday.
It was the second straight week of gains for the benchmarks.
The broad-based Nifty slipped below the 8,600-level by losing 24.60 points, 0.28 per cent, to 8,590.65
Transcript of the market chat held on December 5.
And what if all this happened so fast and so extensively that we never quite had the opportunity to call the broker and say 'Sell'?
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
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CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.
Major gainers which contributed to the Nifty were ICICI Bank, State Bank of India, Reliance Industries, ONGC, Tata Consultancy Services, Infosys, Bajaj Auto, Tata Power and Larsen and Toubro.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
Higher levels could not be sustained as participants offloaded their long positions in view of September series expiry.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
'We will have to get together internally and figure how this will happen.' 'Suffice to say, it is feasible and will be done in a logical way.'
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
The LDF was also leading in 10 out of the 14 district panchayats and 108 block panchayats of the total of 152, according to the State Election Commission figures.
The dollar index surged to multi-year high.
The 50-share NSE Nifty was trading lower by 24 points.
After the NHB asked housing finance cos to desist from offering interest subvention schemes, disbursement of loans are likely to get delayed, points out Tinesh Bhasin.
Following a meeting with Union Finance Minister P Chidambaram, foreign institutional investors expressed confidence in the economic reforms process of the Congress-led UPA government and are expected to increase their investments in India.
CIL aims to sell 12.6 mn shares to retail investors
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
All the major wholesale commodity markets of the country, including bullion, will remain closed for rest of the week for Diwali and Govardhan Pooja.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
'Devendra Fadnavis' brokering the deal between the MNS and the makers of Ae Dil Hai Mushkil raises questions about the chief minister's effectiveness,' says Neeta Kolhatkar.