Wednesday, May 27, 2009

Market Report- 27th may 2009

Sensex dives 2.3%, lowest close since post-poll rally.
Markets ended near day’s low on Tuesday, tracking weak European and Asian markets. The Bombay Stock Exchange benchmark Sensex fell by 2.3%, its lowest close since 17% circuit-breaking rally after UPA’s sweeping victory in the 15th LS polls.
Rupee slides most in three months, dips 1.3%.
FIIs net sell Rs 1,250cr in F&O on Tuesday.
US market jump as consumer data fuels hopes.
Dow adds 196pts; Indian ADRs end +ve.
GM: Stage set for largest ever US industrial bankruptcy
Bharti Airtel-MTN deal to test new FDI guidelines.
Bharti may rope in holding co.
Wipro Infotech to invest Rs 200 cr in data centres.
Tata Comm net grows 4-fold.
NIIT Tech's Q4 net down 15 per cent.
Just before the annual general meeting (AGM) of India’s largest IT firm, Tata Consultancy Services (TCS), the board of directors of the company named N Chandrasekharan as the Chief Executive Officer-designate.
State-run banks to cut rates by 100-150 bps.
Indian Markets are set to open with a positive gap taking cues from the US and Asian Peers.
SIngapore Nifty is trading at 4225. up by 117.5 points at 9.20 AM IST