India-Globalwith savings and investment? AttendAre you confused Market Summary 08-05-12 ourwebinar session conducted on every Sunday from 11:00 a.m to1:00 p.m and clarify all your doubts in finance planning. Visitwww.ifmaonline.com and enroll yourself to take up training.• Sensex ended near day’s low on the back of continuous selling technology, banking and capital Goods shares.• Sensex shed 366.53 points to 16,546.18 points and Nifty plunged 114.20 points to 4,999.95 points on market close• Technology starts tread water after the IT giant cognizant revised 2012 revenue guidance towards downwards by $200 million due to decelerating demand in overseas market. TCS shed 5.77% and Infosys plunged 1.59%• IT and capital goods indices shed 3% each. Auto, power indices slipped down by 2% each, while Realty and Metal indices were declined by 1% each
• SKS Microfinance stocks touched all time low of Rs.75.85 per share on reports that the company registered net loss at Rs.330 crore for the quarter ended March 2012• Bank of India has purchased 51% stake in Bharti AXA Mutual Fund from Bharti Enterprises and Axa Investment Managers Asia Holdings. Stocks declined 2.77%• Dena bank has recorded a robust growth of 62% in its fourth quarter net profit at Rs.255 crore. Stocks plunged 5.23% from the previous close• Hindalco Industries has announced that its net profit increased by 10.6% to Rs.708 crore in the March 12 quarter as against Rs.640 crore in the year ago period. Stocks up 1.16%• Oil Minister, Jaipal Reddy said that the Reliance Industries gas output is estimated to fall to 20 million standard cubic metres per day in the financial year 2014-15. stocks declined 0.93%
• Jubliant Life Sciences stocks were up over 6% during the morning trade on the Bombay Stock Exchange after the company outlined its revenue forecast for the financial year 2012-13. stocks up surged 5.42%• Stocks of United Phosphorous were up slightly by 0.75% after the company announced its intention to conduct buyback programme through the stock exchanges.• Mid cap and small cap indices were down by 1.28% and 0.87% each respectively.• Market breadth was extremely negative, as 1,958 shares declined and 1,278 shares advanced on BSE.
Global News• Asian market closed on mixed note, with Hangseng ende on negative region and Nikkei on positive region.• European shares were trading on weak note during the early trade• Crude futures declined 84 cents to $97.11 per barrel as uncertain condition prevailing in the European market rose demand concern of the commodity in overseas market.• Gold futures declined $10 to $1,629 an ounce during the last trade in New York as the U.S. dollar continued to maintain strength against major currencies• Indian rupee reversed it early day gains and shed 21 paise to Rs.53.12 per dollar on the interbank foreign exchange trade due to heavy fund outflow from equity market
Crude futures tumbled 58 cents to $97.91 per barrel during the last trade as weak trade in equity market drove back the crucial commodity future contract in New York Gold futures was down $6 to $1 640 an ounce during the last trade in New York Mercantile Exchange due to strong dollar ----------------------------------------------Free Internship Programme for the students with a backgroundof Finance and commerce, For more details, contact 044-32983431/ email@example.com. Visit us atwww.ifmaonline.com, To Keep you updated with daily marketnews, visit www.indiafinancebazaar.comFor students, we provide tailor made financial training upon thecollege request. Contact firstname.lastname@example.org forfurther details or call us at 044-32973431