1. Market Summary 08-11-11
• Sensex ended the Tuesday trade with a slight gain of 6.92
points to 17,569.53 points While Nifty advanced 5.15 points to
5,289.35 points.
• Asian markets were ended on mixed note as the worries over
sudden rise in Italian bond yield jittered the market.
• Traders were cautious on buying stocks in today trade as the
rise in bond yield may increase the borrowing rates of Italian
Government
• Japan is the top loser among Asian Stocks, tanked 1.3% on
Tuesday.
• In Indian market, the buying interest of Consumer durables
stocks such as Titan Inds and C.Mahindra Exports have capped
the losses.
2. • The shares of SBI were rose 1.7% to Rs.997.90 on market close
in ahead of Q2 results, to be released on November 9
• Of the total 2,964 shares, 1,434 shares were advanced and
the remaining 1,399 shares were declined.
• India exports were increased by 10.8% to $19.9 billion in
October while, the imports were increased by 21.7% to $39.5
billion in October.
• The stocks of ABB Limited soared 4% to Rs 708 per share after
reporting 93% surge in net profit to Rs.22.2 crore for the
quarter ended September 2011 on an annual basis.
• KEC International has bagged three orders worth Rs.400 crore
from Saudi Arabia
• The shares of Microfinance have hit a year low of Rs.188 per
share both on BSE and NSE due to a loss of Rs.384 cr in
September quarter.
3. • Due to shortage of coal in domestic market, NTPC has planned
to enter into a long term contract to import coal of up to 20
million tonne per annum.
• For the quarter ended September, Reliance Power has posted
a marginal rise in its net profit at Rs.235.48 cr over the total
income of Rs.751 crore over a year.
• Indian Currency closed the trade at Rs.49.38 per dollar on the
Interbank Foreign Exchange Trade with a drop of 38 paise/
dollar due to strong demand for US currency.
