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Indian Markets ended lower for the second consecutive day on the back of extremely weak global cues and unexpected increase in inflation numbers. It was a highly choppy trading session with weak global markets weighing on the sentiment. Sensex ended the day with a loss of 385.79 points, or 3.81% at 9,734.22 after touching a high of 10,109.45 and a low of 9,635.22. The broad-based NSE Nifty fell 102.30 points, or 3.42% at 2,892.65 after hitting a high of 3,007.80 and a low of 2,860.25. Inflation for the week ended October 25 came in at 10.72% as against 10.68% in previous week and Bloomberg expectation of 10.49%. Disappointing results from companies like Toyota Motor Corp., Cisco Systems, News Corp, Cathay Pacific Airways, Isuzu Motorsand Adidas AG deepened concern that the economic slump will stifle profit growth. All the Asian markets ended in red and most of them with sharp cuts. European markets too closed down with average cut of 3 - 4%.
BSE Metal index plunged by 8.4% in todays trade followed by Oil & Gas index, down 4.8%. Realty and Healthcare were the sole gainers among sectoral indices, up 0.6% and 0.3% respectively. JP Associate and Ranbaxy gained 4.1% and 3.7%, becoming top gainers among sensex stocks, while Tata Steel and Tata Motors were down the most, falling 13.7% and 12.2% respectively.
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aaj lagta hai TATA CHEM phir seee CMP 162.50
partoday try to trade safe :) session will be volatile