India-Global Market Summary 10-05-12Are 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 opened on green note led by rupee appreciation. In the after noon session, Sensex shed morning gains after witnessing weak trade in the European market.• Sensex closed lower by 59.53 points to 16,420.05 points and Nifty plunged 9.10 points to 4,965.70 points on market close• Rupee pared some of its losses incurred in the early days after the RBI asked exporters to sell 50% of the foreign currency holdings and convert it into rupees. In the early trade, rupee was seen at Rs.53.37 with a gain of 45 paise per dollar on the Interbank Foreign Exchange trade
• On the sectoral front, Metal, auto and Power shares faced selling pressure. On the other side, Oil & Gas and banking shares limited loss• Maruti Suzuki is the top loser of the day, shed 3.18%. Other losers such as Jindal steel, SBI, Hero Motocorp and Coal India lost 1.5% to 2.68%• The gainers of the day are DLF, BHEL, ONGC, Mahindra and Mahindra and Cipla. The shares gained 0.91% to 2.25%• Lupin has registered a net profit of Rs.156 crore for the quarter ended March 31, 2012. The net earnings was declined by 31% over a year.• Canara Bank has announced that its net earnings slipped 8% to Rs.829 crore during the quarter ended March 31, 2012 as against Rs.899 crore in the same period of the prior financial
• Jubliant Foodworks net has up surged 52% to Rs.29 crore during the March 2012 quarter as against Rs.19 crore in the same period of the year ago period.• Apollo tyres net profit has shrunk 18% to Rs.157 crore during the quarter ended March 31, 0212 as against Rs.192 crore in the corresponding period of the year earlier period.• Power firm NTPC has reported that its net profit declined by 7% to Rs.2,593 crore for the quarter ended March 31, 2012 as against Rs.2,781 crore in the same period of the previous financial year.• Mid cap and small cap indices closed on flat note• The overall market breadth was negative as 1,525 stocks declined while 1,237 stocks advanced.
Global News• In Asia also the markets ended on a weak note. The Hang Seng slipped 103 points to close at 20,227, Nikkei slipped 35 points to 9,009 levels while the Shanghai closed on a flat note.• The European markets were trading in the negative zone. CAC 40 index was down 42 points at 3,076, DAX was down 5 points at 6,470 and the FTSE was down 27 points at 5,502 levels.• Crude futures declined 31 cents to $96.47 per barrel during the early trade on the New York Mercantile Exchange.• Gold futures plunged $2 to $1,592 during the electronic trading in new York
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