Markets flat end of the week
The selling pressure that emerged during the second half of the day was to be intensified during the last hours and, therefore, the rates on the Indian stock market ended the day sharply down. BSE Sensex closed almost 300 points below its previous close, while the NSE Nifty lost the date in the region of 95 points (1.8%). BSE Mid Cap and Small Cap indices lost both BSE and closed at about 1% lower. Only about one in the Sensex stocks gained for every five that fell.
Most Asian indices also closed on a negative way with the European indices were also trading lower today.
The rupee was trading at 46.5 rupees per dollar at the time of writing.
Today decline came after three days of solid sales and broke almost all the gains during the reporting period. Indeed, the market has returned to levels at the beginning of the week. The reason the indices closed lower today, may have had to do with the fact that the jobs plan Obama does not really excite many investors. In addition, there are fears that political wrangling could lead to another plane to get diluted. With investors do not want to live with this uncertainty, decided to leave their positions, leading down.
Aluminium major state-owned NALCO hit now closed down 2% on account of all the weakness, but not before watching a bit of strength in the session. What could have made the stock price to climb to the summit are reports the company signed a contract for the sale of aluminum ingots.The amount is said to be about 7,500 tons on the basis of cost, insurance and freight. In the face price, the sale is deemed to have occurred in almost $ 102 U.S. per tonne premium on the average price of LME.
It should be noted that the offers of the company will be the global benchmark. The company is Asia's largest integrated aluminum complex, encompassing bauxite mining, alumina refining, aluminum casting, power generation, railways and ports.harti Airtel, the largest cellular operator in India has received approval to offer second and third generation in the African country Rwanda.
The measure will expand the global footprint of the company to 20 countries and is likely to pump U.S. $ 100 m three years in Rwanda. Bharti is likely to offer the best mobile service at competitive prices and innovative products and expand wireless broadband network for all major cities. Note Rwanda is a potential key telecommunications market growth and provides tremendous strength to the East African operations of the company. The stock closed slightly higher today.
The selling pressure that emerged during the second half of the day was to be intensified during the last hours and, therefore, the rates on the Indian stock market ended the day sharply down. BSE Sensex closed almost 300 points below its previous close, while the NSE Nifty lost the date in the region of 95 points (1.8%). BSE Mid Cap and Small Cap indices lost both BSE and closed at about 1% lower. Only about one in the Sensex stocks gained for every five that fell.
Most Asian indices also closed on a negative way with the European indices were also trading lower today.
The rupee was trading at 46.5 rupees per dollar at the time of writing.
Today decline came after three days of solid sales and broke almost all the gains during the reporting period. Indeed, the market has returned to levels at the beginning of the week. The reason the indices closed lower today, may have had to do with the fact that the jobs plan Obama does not really excite many investors. In addition, there are fears that political wrangling could lead to another plane to get diluted. With investors do not want to live with this uncertainty, decided to leave their positions, leading down.
Aluminium major state-owned NALCO hit now closed down 2% on account of all the weakness, but not before watching a bit of strength in the session. What could have made the stock price to climb to the summit are reports the company signed a contract for the sale of aluminum ingots.The amount is said to be about 7,500 tons on the basis of cost, insurance and freight. In the face price, the sale is deemed to have occurred in almost $ 102 U.S. per tonne premium on the average price of LME.
It should be noted that the offers of the company will be the global benchmark. The company is Asia's largest integrated aluminum complex, encompassing bauxite mining, alumina refining, aluminum casting, power generation, railways and ports.harti Airtel, the largest cellular operator in India has received approval to offer second and third generation in the African country Rwanda.
The measure will expand the global footprint of the company to 20 countries and is likely to pump U.S. $ 100 m three years in Rwanda. Bharti is likely to offer the best mobile service at competitive prices and innovative products and expand wireless broadband network for all major cities. Note Rwanda is a potential key telecommunications market growth and provides tremendous strength to the East African operations of the company. The stock closed slightly higher today.
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