India-Global Market Summary 14-05-12Are 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.• High Inflation data dragged down Sensex by 77.14 points to 16,215.84 points and Nifty by 21.10 points to 4,907.80 points on NSE• A steep increase in vegetable prices has soared April Inflation data to 7.23% against 6.89% recorded in the prior month• High inflation data prompted investors that the Reserve Bank of India will not stick on to interest rate cut in the upcoming policy review meeting.• Banking and Realty indices slipped 1.61% and 1.27% respectively.
• MTNL stock has hit a 52 week low of Rs.21.90 per share after the company that the net loss widened to Rs.1,374.45 crore during the quarter ended March 31, 2012• The top gainers of the day were Tata Power, Infosys, L&T, Sun Pharma. The scrips were rallied more than 1% on BSE.• Mid cap and small cap indices were down 1% and 1.26% respectively on BSE.• The overall market breadth was negative. Out of the shares trade, 1974 shares were declined, 1,276 shares were advanced and 170 shares remained unchanged.• Indian rupee shed 18 paise to Rs.53.81 per dollar during the early trade in overseas market.
• 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 mixed on worries over the economy growth. The fall came after a day that the China reported weak improvement in the industrial activity.• Hang seng shed 1.15%, Nikkei surged 0.23% on Monday trade.• European shares fell in ahead of Government politicians last attempt to form a coalition Government. If the attempt fails, president will announce new election.• Crude futures extended its weak trade. Crude dipped $1.86 to $94.27 per barrel during early trade as the European debt woes and china’s slow expansion raised doubt about the growth of demand amid investors
Gold futures slipped $23 to $1,561 an ounce during the last trade on the New York Mercantile Exchange. ----------------------------------------------Free Internship Programme for the students with a backgroundof Finance and commerce, For more details, contact 044-32983431/ firstname.lastname@example.org. 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 email@example.com forfurther details or call us at 044-32973431