After the bell : 06-10-2008

By Abhishek on 11:19 PM

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Global Carnage

Markets wrapped the day on a depressed note erasing more than 700 points. SENSEX fall below 1200 mark in the first time in more than 2 years, on concerns of foreign fund withdrawals increased after the USD 700 billion U.S. rescue package failed to ease global recession fears. Indian stocks opened on a lower note as the global credit crisis concerns deepen. The benchmark index, BSE Sensex opened with a loss of 241.83 points, at 12,284.49. The Sensex ended the day with a loss of 724.62 points, or 5.78% at 11,801.70 after touching a high of 12,284.49 and a low of 11,732.97. The broad-based NSE Nifty shuts shop down about 215.95 points, or 5.66% at 3,602.35 after hitting a high of 3,820.85 and a low of 3,581.60. BSE Midcap index plunged 7.13%, while Smallcap index dipped 6.92%.  Asian stocks declined today, led by financial companies, after the global credit crisis deepened in Europe and the U.S. lost the most jobs in five years. After Market Hours , SEBI came out with revised P-Notes guidelines,  it removed 40% cap on assets under custody in cash market for issuing P-notes. SEBI had put these restriction in October 2007.  Currencies - Rupee touched a 67 month low of 47.85 against the dollar. Energies - Crude slipped to $88.89/barrel mark, which is a 8 mnth low. Analyst beleive that this Crude and other Commodities are in phase of bust somehow 2000 dotcom bust. So they are advising not to long on these assest or energies.

All sector on BSE ended southwards. BSE Consumer durables and Realty index was hammered badly. It plummeted 11.01% & 9.91% respectively, Metal dropped 9.27%, Power fell 7.24% and IT declined 5.82%.  All the SENSEX stocks ended in negative territory and STER and RELINFRA was the most declined stocks.. Both were down more than 14% in today trade. While Suzlon from Group A catagory down more than15% .

Turnover on 06th October , 2008

NSECash Rs.10366.93 BSECash-Rs.3992.08 Future Rs.46853.23
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