ECONOMY ANALYSIS
Honda eyeing Bajaj, Hero's lunch; aims 43% growth in FY14
Adani Power, Tata Power, Rel Power up on CERC ruling
Construction drives China March services PMI higher
Ending a four-day upsurge, the BSE benchmark Sensex today fell 239
points on profit-booking by funds in heavy-weights led by auto and
telecom sectors amid concern over lower fourth quarter earnings and a
weak global trend.
The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had
touched the day's low of 18,721.72. The index had gained 360 points in
last four trading sessions.
Similarly, the broad-based National Stock Exchange index Nifty plunged
75.20 points, or 1.31 per cent, to 5,672.90, after falling to 5,650.10
Automakers lead falls on concern over slowing vehicle sales and the sector
index dropped 2.23 per cent to 9,729.57 led by stocks of Tata MotorsBSE -
3.45 %, Bajaj AutoBSE -3.68 % and Maruti SuzukiBSE -0.24 %.
Bharti Airtel, the biggest mobile-phone services provider fell by 3.95 per
cent to Rs 280.65 and Tata Telecom by 1.46 per cent to Rs 8.76 amid fears
telecom companies struggling to control costs prices.
Honda eyeing Bajaj, Hero's lunch; aims 43% growth in FY14
Adani Power, Tata Power, Rel Power up on CERC ruling
Construction drives China March services PMI higher
RIL parks over Rs 800 cr in Anil-led Reliance Group MFs
Economic downturn temporary; will carry reforms ahead: PM
MARKET ANALYSIS
points on profit-booking by funds in heavy-weights led by auto and
telecom sectors amid concern over lower fourth quarter earnings and a
weak global trend.
The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had
touched the day's low of 18,721.72. The index had gained 360 points in
last four trading sessions.
Similarly, the broad-based National Stock Exchange index Nifty plunged
75.20 points, or 1.31 per cent, to 5,672.90, after falling to 5,650.10
Automakers lead falls on concern over slowing vehicle sales and the sector
index dropped 2.23 per cent to 9,729.57 led by stocks of Tata MotorsBSE -
3.45 %, Bajaj AutoBSE -3.68 % and Maruti SuzukiBSE -0.24 %.
Bharti Airtel, the biggest mobile-phone services provider fell by 3.95 per
cent to Rs 280.65 and Tata Telecom by 1.46 per cent to Rs 8.76 amid fears
telecom companies struggling to control costs prices.
