PLUWAR'S INDIAN MARKET REPORT as on 10-May-2012
Indian market open positively strong today, due to India's central bank eased restrictions on the usage of foreign currency deposits on Wednesday, just days after its move to relax the interest rate ceiling on such deposits. The Reserve Bank of India has allowed banks to use funds from forign currency non-resident deposits as collateral against lending to related local residents.
ICICI Bnk raised foreing currency deposit rates by upto 175 basis points, effective May 8.
Even though U.S. and Asian markets are weak Indian market was trading positively strong.
At 1.30p.m. as per expectation( Earlier as European market news, on TWITTER AND FACEBOOK )
two of the European markets open positively England's FTSE and Germany's DAX open positively but France's CAC was open negatively. But most of the Euopean markets started declined, so Indian index started fall sharply, so some strong shares like IDFC, CAIRN get declined. At 3.30p.m. Indian markets ends Negatively.
CLOSING INDEX:
SENSEX:
OPEN : 16,515.62 CLOSING :16420.05
CHANGE:-59.53 %CHANGE: -0.36%
HIGH : 16,671.81 LOWS : 16,377.02
NIFTY:
OPEN : 4,984.15 CLOSING :4965.70
CHANGE: -9.10 %CHANGE: -0.18%
HIGH : 5,039.30 LOWS : 4,950.30
Indian market open positively strong today, due to India's central bank eased restrictions on the usage of foreign currency deposits on Wednesday, just days after its move to relax the interest rate ceiling on such deposits. The Reserve Bank of India has allowed banks to use funds from forign currency non-resident deposits as collateral against lending to related local residents.
ICICI Bnk raised foreing currency deposit rates by upto 175 basis points, effective May 8.
Even though U.S. and Asian markets are weak Indian market was trading positively strong.
At 1.30p.m. as per expectation( Earlier as European market news, on TWITTER AND FACEBOOK )
two of the European markets open positively England's FTSE and Germany's DAX open positively but France's CAC was open negatively. But most of the Euopean markets started declined, so Indian index started fall sharply, so some strong shares like IDFC, CAIRN get declined. At 3.30p.m. Indian markets ends Negatively.
CLOSING INDEX:
SENSEX:
OPEN : 16,515.62 CLOSING :16420.05
CHANGE:-59.53 %CHANGE: -0.36%
HIGH : 16,671.81 LOWS : 16,377.02
NIFTY:
OPEN : 4,984.15 CLOSING :4965.70
CHANGE: -9.10 %CHANGE: -0.18%
HIGH : 5,039.30 LOWS : 4,950.30
NIFTY GAINER:
CAIRN: 320.65
GAIN: 12.20 %GAIN: +3.96%
HIGH: 323.45 LOW: 308.20
NIFTY LOSSER:
MARUTI:1260.50
LOSS: -41.45 %LOSS: -3.18%
HIGH: 1306.35 LOW: 1250.90
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