Tag «sectoral indices»

Black Friday! Sensex, Nifty plummet 4%

16th August, 2013 – Comments by Amar Ambani, Head of Research, India Infoline There was blood-bath on Dalal Street as capitulation set in since the onset of trade today. The move was precipitated by a weakening rupee and worsening economic data. The Indian rupee breached the psychological 62 mark against the dollar as steps taken …

13th May, 2013 : April deficit shocks, mkt shivers

After hitting a new calendar year high and surging past the 6100 mark in Saturday’s special trading session, profit-booking gripped the Nifty. It fell sharply in trade today registering its biggest intra-day percentage fall since May 8, 2012. Higher-than expected trade deficit numbers for April was all that the markets needed to free fall – …