India-Global Market Summary 20-04-12Are 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 ended 129.87 points lower at 17,373.84 points and Nifty declined 41.55 points to 5,290.85 points on market close• The main indices were down due to heavy sell off in Oil&gas, Realty, power and capital Goods sector. the indices were down in the range 1-1.8%.• In the oil & gas space, RIL dipped 1.4% as investors turned pessimistic on the Q4 result, which is to be due today.
• Ambuja cements declined 2.4% after the company reported that March quarter net profit declined by 23% to Rs.312 crore for the March quarter of the last fiscal year.• Honeywell Automation shed 8.07% (Rs.263.35) to Rs.2,999.90 per share due to dismal march quarter earnings report. The net profit declined 48% to Rs.16 crore in March quarter from Rs.32 crore in the year earlier period.• Syndicate bank has reduced its base rate by 25 basis points to 10.5% and slashed Benchmark Prime Lending rate by 25 basis points to 14.75% today. The rates will be effective from May 1, 2012. stocks down 1%• Hindustan Zinc net profit has dipped 25.6% to Rs.1,412.8 cr in the March quarter 2012 as compared to the same period of the previous fiscal year. Stocks up marginally to Rs.126.15 per share.
• Cairn India slipped 1% in ahead of March quarter earnings report release• Mid cap and Small cap indices were dipped 0.98% and 0.47% respectively.• Overall market breadth was negative with 1,841 shares declined and 1,406 shares advanced.• On Global front, Asian market ended on mixed note. Japan Nikkei edged lower by 0.28% after the spain bond auction failed to extinguish the fire over the European debt crisis. However, the weaker yen supported the index to limit loss• Hangseng ended marginally higher while shanghai closed with more than 1% gain.
• European stocks were trading on strong note as the German info data lifted up the trading sentiment of Oil companies stocks. In addition, the rally in banking stocks have also supported European market to trade high.• Crude futures were up 60 cents to $$102.93 per barrel as the weak dollar supported the commodity to soar from the week low.• Gold futures were up $4 to $1,645 an ounce in the early trade in New York. However, the yellow metal is likely to post biggest weekly loss due to strong dollar• Indian rupee was up surged 5 paise to Rs.52.09 per dollar on market close on the Interbank Foreign Exchange trade.
----------------------------------------------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
A particular slide catching your eye?
Clipping is a handy way to collect important slides you want to go back to later.