Indian stock continued to trade negatively with bankex, realty capital goods, metal and power stocks lost more than 4% due to disappointment from the interim general budget for 2009-2010.
With Pranab Mukherjee, minister of external affairs, not declaring any incentive for the sick zone through the interim budget, capitalists have gone on a selling spree in key realty stocks.
Realty stocks, which saw good buying interest in morning on hopes of some incentives from the budget, plunged deep into red in afternoon trade.
Indian equities plunged deeper in the red during mid morning trade on the back of massive selling in bank, oil, FMCG, power and metal stocks.
Profit booking was seen in PSU, capital goods, pharma and IT sectors. Select realty stocks gained some momentum on expectations of some relief in the budget for them. Auto stocks have drifted lower from their highs owing to lack of proper support. Consumer durable stocks also looked dim.
Trade was muted as investors were cautious before the interim budget for FY10 to be declared today.
Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.
The Sensex closed at 9.634.74, up 168.91 points after touching a high of 9,695.59 and a low of 9,540.60. In contrast, the broad-based NSE Nifty gained 55.30 points at 2,948.35 after hitting a high of 2,969.75 and a low of 2,896.85.
BSE Midcap and Smallcap index rose 1.51% and 0.62% respectively
Tokyo - Tokyo stocks opened lower Monday after new data showed Japan's economy contracted sharply in the final quarter of 2008 and the yen rose against the dollar, dampening hopes for export recovery.
The benchmark Nikkei 225 dropped about 1 per cent to 7,701.65 points, while the broader Topix index slid 0.2 per cent, to 763.35 52.80 points.
Japan's GDP shrank 3.3 per cent in the fourth quarter, the steepest drop in more than 30 years, as the world's second-largest economy is mired in recession after three straight negative quarters.
The 30 share index, Sensex gained 333.88 points to 9,634.74 in the week ended Feb. 13, 2009. On the other hand, the broad based NSE Nifty gained 196.25 points to 2,874.80 in the same period.
The bulls showed strong performance on three of the five trading sessions, due to fairly strong trend on the worldwide stock markets.
Hong Kong - Hong Kong's stock market rose by nearly 2.5 per cent Friday, breaking a two-day losing streak that saw nearly 5 per cent wiped off the value of shares.
The blue-chip Hang Seng Index rose 326.37 points, or 2.47 per cent, to end the week on 13,554.67. Turnover was a modest 36.1 billion Hong Kong dollars (4.65 billion US dollars.)
Friday's rise was driven by the announcement of mortgage subsidies in the US and renewed confidence in China-listed stocks which performed strongly.
Indian stock continued to trade negatively with bankex, realty capital goods, metal and power stocks lost more than 4% due to disappointment from the interim general budget for 2009-2010.
Indian equities plunged deeper in the red during mid morning trade on the back of massive selling in bank, oil, FMCG, power and metal stocks.
Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.
Tokyo - Tokyo stocks opened lower Monday after new data showed Japan's economy contracted sharply in the final quarter of 2008 and the yen rose against the dollar, dampening hopes for export recovery.
The 30 share index, Sensex gained 333.88 points to 9,634.74 in the week ended Feb. 13, 2009. On the other hand, the broad based NSE Nifty gained 196.25 points to 2,874.80 in the same period.
Hong Kong - Hong Kong's stock market rose by nearly 2.5 per cent Friday, breaking a two-day losing streak that saw nearly 5 per cent wiped off the value of shares.
