India-Global Market Summary 09-05-12Are you confused with savings and investment? Attend 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 closed on lower note amid weak rupee and negative global cues• Sensex watered 66.60 points to 16,479.58 points and Nifty declined 25.15 points to 4,974.80 points on market close• Sensex touched a day high of 16,616 and the days low at 16,423• The concerns over the euro zone debt issues has led rupee to trade on the negative region. Indian rupee depreciated 71 paise to Rs.53.83 per dollar on market close on the interbank foreign exchange trade
• On the sectoral front, Realty, Metal and Banking indices led the loss. The indices shed more than 2% each on BSE.• Oil & gas, power, PSU and auto indices were lowered by more than 1% each. However, the gains in the FMCG stocks limited the loss• ITC rallied 6% after the stock shed more than 8% in the six consecutive session• RIL slipped 2% after the company’s annual report said that the it has cut estimates for proven gas reserves in its Krishna-Godavari (KG) block off the east coast by 6.7%, to 3.67 trillion cubic ft (tcf).• Ranbaxy Laboratories scrip ended 4% higher at Rs.513 after the company reported four fold increase in consolidated net profit at Rs.1,246 cr during the first quarter ended March
• Union Bank of India has registered a robust growth of 29% in its net profit at Rs.773 crore during the March 2012 quarter as compared to Rs.597 crore attained in the same period of the previous financial year.• Mid cap and small cap indices were down 0.98% and 1.23% each respectively on BSE.• The overall market breadth was negative as 1,796 stocks declined against 936 advancing ones, on the BSE.
Global News• Asian market watered on worries over the euro zone region and its ability to settle debt issues with the new Government.• The political issue in France and Greece raised doubt how far the euro zone region will sustain to the pact adopted in March to deal with a staggering debt crisis.• European shares were trading on red note during the early trade• Crude futures were declined 74 cents to $96.30 per barrel during the early trade on the New York Mercantile Exchange• Gold futures tumbled to four month low as the strengthening dollar kept away investors to buy the metal
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