Stock Markets

Sensex Down 122.70 Pts At 9,495.84; Realty, Auto Up

Sensex DownDue to heavy selling in IT, oil and gas stocks, the market slipped further downwards this afternoon.

Weak IIP numbers and the negative response on the Asian and European markets contributed to the sell-off on the stock markets.  

Index for industrial production (IIP) fell marginally to 2% during December 2008 as against 2.4% (revised) in the previous month (November 2008).

Realty and Auto stocks were trading up and gained 2.34% and 1.32% respectively.

BSE Midcap index was up by 0.41%, whereas BSE Smallcap index gained 0.84%.

Hong Kong markets fall more than 2 per cent for second day

Hong Kong markets fall more than 2 per cent for second day Hong Kong - Hong Kong shares fell more than 2 per cent for the second-consecutive day Thursday as concerns grew that the US stimulus package would not help revive the global economy.

The blue-chip Hang Seng Index tumbled by 310.91 points, or 2.3 per cent, to close at 13,228.3. Turnover was 39.6 billion Hong Kong dollars (5.1 billion US dollars.)

Thursday's losses extended the index's 2.5-per-cent decline Wednesday, which followed five days of gains, the longest winning run since December.

Nikkei loses more than 3 per cent on Wall Street plunge

Nikkei loses more than 3 per cent on Wall Street plungeTokyo - The Tokyo market ended lower Thursday following Wall Street's overnight plunge, after disappointment spread over the US government's bail-out plan.

The benchmark Nikkei 225 Stock Average tumbled to 7,705.36, down 240.58 points, or 3.03 per cent from Tuesday's closing. The market was closed Wednesday for a national holiday.

The broader Topix index of all first section issues was also down 17.81 points, or 2.29 per cent, at 760.29.

Sensex Slips Further; IT Stocks Down

Sensex Slips Further; IT Stocks DownThe key benchmark continued their downward trend today on account of losses in Asian markets and heavy selling action seen across the majority of sectors.

IT stocks were hammered badly, while stocks from the realty sector remained in the limelight.

BSE Midcap and Smallcap were up by 0.69% and 0.57% respectively.

Index of Industrial Production (IIP) and inflation data are awaited later during the day.

At 10:55 a.m., the benchmark Sensex was down 120.90 points to 9,497.64 levels. It also hit a high of 9,574.26 and a low of 9,486.52.

Tokyo stocks open lower on Wall Street plunge

Tokyo stocks open lower on Wall Street plungeTokyo  - The Tokyo market opened lower Thursday following Wall Street's overnight plunge, after disappointment spread over the US government's bail-out plan.

The benchmark Nikkei 225 Stock Average lost 186.27 points, or 2.34 per cent, to end morning trading at 7,759.67.

The broader Topix index of all first section issues was also down 14.61 points, or 1.88 per cent, to 763.49.

A wide range of issues were sold at the Tokyo market Thursday after it was closed Wednesday for a national holiday.

Sensex Down 70.11 Pts At 9,577.36; Tata Steel, REL Plunge

Sensex Down 70.11 Pts At 9,577.36; Tata Steel, REL PlungeExtending losses in the U.S. and European markets and weak reactions in other Asian stock markets kept Indian equities markets under pressure this afternoon.

At 01:59 p.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 9,577.36 points, 70.11 points, or 0.73% lower than its last closure.

It had opened at 9,462.14 points, lower than its last close of 9,647.47-points.

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