Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
REUTERS SHOWCASE
Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Sensex extends fall; banks, Cipla drag
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
Stockbrokers trade at a brokerage firm in the eastern Indian city of Kolkata July 6, 2009.
Credit: Reuters/Jayanta Shaw/Files
Reuters Market Eye - The Sensex and the Nifty fall around 0.3 percent. Shares extended their fall, led by a decline in banking stocks, after preliminary data released on Thursday showed India's slowest growth in a decade could be worse than anticipated as the economy is set to have grown 5 percent in fiscal year ending next month.
ICICI Bank (ICBK.NS) down 0.9 percent, while State Bank of India drops 1 percent.
Shares in Cipla Ltd (CIPL.NS) fall 2.8 percent, a day after the company's October-December net profit missed estimates.
State-run power utility NTPC Ltd's (NTPC.NS) shares fell 2.3 percent after the floor price of its share sale, scheduled later in the day, was set at 145 rupees, or a 4.5 percent discount to its Wednesday's close.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters