With the intention to strengthen the volatile bourses, the public sector insurer Life Insurance Corporation (LIC) has decided to pump in an additional over Rs 4,000 crore in the stock markets by March 2009.
Mr. T.S. Vijayan, the LIC Chairman said, “We have made investment of Rs 31,000 crore till December and it may cross Rs 35,000 crore (by the end of March).”
But, even the huge amount of fund infusion in 2009 is fairly less by the standards set by LIC itself.
After opening negatively on Friday (Jan 23), Indian equities managed to return into the positive terrain but fell into the red once again as investors turned watchful on account of weak global reaction.
In lacklustre trading, the 30-share index BSE Sensex lost nearly 140 points amid investors awaiting fresh signals from RBI’s quarterly credit policy review scheduled for Tuesday.
The 30 share index, Sensex lost 649.24 points to 8,674.35 during the week ended Jan 23, 2009. In contrast, the broad based NSE Nifty tumbled 149.9 points to 2,678.55 in the same period.
Sensex remained choppy throughout the week chasing weak global cues. Meager corporate earnings of top companies dragged the index in the negative zone.
On Monday (Jan 19), Sensex belled the week at 9,381.78 after making a gain of 58.19 points in line with global peers.
New Delhi, Jan 24 : China's semiconductor market is expected to shrink 5.8 percent in 2009, the first significant setback for the industry, a market report has said.
Total sales of chips is forecast to drop to 72 billion dollars in 2009 from 76.5 dollars billion a year before, US-based market research firm iSuppli said in its latest report.
The project sales fall would add to the woes of the global semiconductor market, which is expected to drop 9.4 percent this year, the China Daily quoted the report, as saying.
The Sensex, which showed some signs of a recovery around noon, has slipped further into the negative zone on the back of continued selling action witnessed in several large, medium and small cap stocks.
Realty, metal, capital goods and power stocks plunged the most.
Mirroring the sell-off, several stocks from banking, IT and auto segments also fell sharply.
Select pharma, oil and consumer durables stocks hold on in the positive territory remained quite subdued.
With the intention to strengthen the volatile bourses, the public sector insurer Life Insurance Corporation (LIC) has decided to pump in an additional over Rs 4,000 crore in the stock markets by March 2009.
After opening negatively on Friday (Jan 23), Indian equities managed to return into the positive terrain but fell into the red once again as investors turned watchful on account of weak global reaction.
The 30 share index, Sensex lost 649.24 points to 8,674.35 during the week ended Jan 23, 2009. In contrast, the broad based NSE Nifty tumbled 149.9 points to 2,678.55 in the same period.
New Delhi, Jan 24 : China's semiconductor market is expected to shrink 5.8 percent in 2009, the first significant setback for the industry, a market report has said.
The Sensex, which showed some signs of a recovery around noon, has slipped further into the negative zone on the back of continued selling action witnessed in several large, medium and small cap stocks. 
