India-Global Market Summary 11-05-12Are 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.• Market ended lower due to disappointing March Industrial output data. Sensex shed 127.07 points to 16,292.98 points and Nifty watered 36.80 points to 4,928.90 points on market close• The Index of Industrial Production data contracted 3.5% in March over a year, while the overall output rose just 2.8% in the fiscal year ended March 31, 2012. the slump in manufacturing and mining sector have offset overall data in March.• Among the sectoral indices, healthcare, Powre, FMCG, Metal and technology indices were ended 1% lower each on BSE
• Sunpharma, Tata Power, Hindalco, Coal India, Maruti Suzuki tanked 2-4.9% on BSE. Meanwhile, the gainers of the day were DLF, SBI, Tata Motors, Bajaj Auto and Bhel. The scrips gained 0.46% to 3.46% on BSE.• Capital Goods tumbled after the manufacturing data showed contraction in March• The stocks of SKS Microfinance rallied 10.59% to Rs.98.15 per share on company plans to cut employees count and branches across Andhra as a measure to reduce costs• The shares of Chettinad cement hit a 52 week high of Rs.683.85 during the first hour of trade on company plans to delist its equity shares from the stock exchanges• Sintex Industries fell 3.44% to Rs 58.90 at 9:52 IST on BSE after consolidated net profit fell 45.7% to Rs 91.23 crore on 30.6% decline in net sales to Rs 1015.31 crore in Q4 March 2012 over Q4 March 2011.
• JSW Steel tumbled 6.11% at Rs 621 at 13:06 IST on BSE on reports the Supreme Court has ordered the Central Bureau of Investigation to probe the companys role in procuring iron-ore from illegal mines in Karnataka.• NTPC hit 52 week low of Rs. Rs.146.10 per equity share due to dismal Q4 earnings• Mid cap and small cap indices were down 0.83% and 0.91% respectively on BSE.• The overall market breadth was extremely negative, with 2, 046 shares declined and 1,205 shares advanced• Rupee was trading 14 paise lower at Rs.53.58 per dollar in the foreign currency exchange market due to persistent dollar demand from importers
Global News• In the International market, Asian market closed on red note due to spanning worries over the global growth concerns. The weak chinese data escalated growth concerns during the Asian trading hours on Friday, which led the stock to trade on negative region.• China’s industrial output rose 9.3% in April, while retail sales were up 14.1% for the month. The data’s were lower than market expectation• Hang Seng dipped more than 1%, while Nikkei and shanghai slipped 0.63%• Crude futures dipped $1.16 to $95.92 per barrel in New York as the demand forecast growth lowered by OPEC faded market sentiment• Strong dollar depreciated Gold futures by $15 to $1,581 an ounce in New York Mercantile Exchange.
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