Friday, August 7, 2009

Market Report for 7th August 2009

US markets drop ahead of jobs data.
Asian markets drop in early trades.
Auto, metals send sensex into a 390-point tailspin.
FIIs net sellers Rs 311cr in F&O on Thursday.
Indian ADRs ended in red on Thursday. In the IT space, Satyam Computers was down 6.05% at $ 5.59, Infosys was down 2.14% at $ 43.52, Patni Computers was down 2.97% at $ 14.38 and Wipro was down 0.85% at $ 15.17.
In the banking space, HDFC Bank was down 2.67% at $ 97.52 and ICICI Bank was down 1.7% at $ 32.4. In the telecom space, MTNL was down 2.12% at $ 4.16 and Tata Communication was down 0.83% at $ 20.27.
In other sectors, Sterlite Industries was down 5.11% at $ 13.37, Dr Reddy’s Labs was down 3.76% at $ 16.4 and Tata Motors was down 2.84% at $ 11.28.
BSNL revenue arrears stand at Rs 7,483 crore for 2007-08.
BSNL-MTNL merger only after BSNL listing: Government.
Telecom users swell by 12 mn in June.
Textile cos to get Rs 2,546 crore in 72 hours: Maran.
Inflation still in negative zone, but food stays on hot plate.
'RIL gas field cannot sustain at $2.40 mBtu'.
Monsoon 64% below normal during the week to 5 Aug.
Pest industry may take 15% hit if monsoon fails to revive.
Realty firms may get Rs12,000 crore push.
Oilmeal exports dip 63% on poor demand.
DCB up 10.92% on fund-raising.
Jindal Poly Films rises on buyback.
Maharasthra sugar mills to advance cane crushing by one month.
Come Aug 10, MFs will disclose inter-scheme bond transfers.
NHPC's IPO to hit market today, co looks to raise Rs 6k cr.
Bank strike hits cash, forex deals.

Singapore Nifty is trading at 4,546.5 down by 38.5 points.