Insurers' journeys to build a mastery in the IoT usage
Market summary.pptx 29-03-12
1. India-Global Market Summary 29-03-12
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• Market had witnessed heavy volatility due to F&O contract
expiry and weak global cues. At the last hour of trade, the
indices were recovered from day’s low and ended the day on
flat note.
• Sensex down 63.01 points to 17,058.61 points and Nifty shed
15.90 points to 5,178.85 points on market close
• IT shares and Capital Goods are major decliners on Thursday
session. Particularly, Larsen & turbo, Infosys and TCS shares
were the major contributors to keep the indices on negative
region. L&T shed 2% whereas Infosys and TCS plunged 1.78%
and 1.71% respectively
2. • The loss was capped by the buying interest in
Healthcare, Auto, Metal, Realty and Oil&gas sector stocks.
• IT shares tanked after the US raised the cost of processing H-1B
employment visas. Additionally, the concern over the Q4 result have
also reduced the risk appetite in the stock.
• While announcing Q4 result, the IT major, Infosys estimated the
growth of Q4 earnings would be hurt by the economic slow down.
• Telecom shares were under pressure after the news report
highlighted that the companies such as Bharti Airtel, Vodafone and
Idea Cellular would be imposed a penalty of Rs.1000 crore together
for breaching 3G license norms
• Following the hike in excise duty for the financial year 2012-13, Tata
Motors has increased the prices of all the commercial vehicles by up
to Rs.60,000. stocks gained 0.26%. Its peer Maruti Suzuki, Hero
Motocorp and Bajaj Auto rallied 1-1.5%
3. • Mid cap and small cap indices were turned positive in the late
noon trades, ended with a gain of 0.16% and 0.7%.
• Overall market breadth was positive, with advancing shares
outnumbered 1742 and declining shares counted at 1514 and
156 shares remained unchanged on BSE
• On the global front, Asian shares ended on weak note on
concerns over the March quarter earnings.
• European shares were edged lower during the early trade
• Indian Rupee declined 61 paise to Rs.51.39 per dollar on
market close as the concerns over the capital inflows plus
dollar demand from oil importers dampened market
sentiment.
• Crude futures trades below $105 per barrel by extending its
yesterday decline after the developed nations started the talk
to release strategic oil reserves
4. • Gold futures was up marginally by $2 to $1,659 an ounce
during the electronic trading on the New York Mercantile
Exchange
• Dollar was up against the greenback of six major currencies
after euro slumped in overseas
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