Sensex falls 250 pts, ADAG stocks crash

The Sensex slumped in the past due consultation on Friday as profit-booking emerged in the local markets in an instant after a susceptible European marketplace opening.

The BSE Sensex was once down 237 element at 16,698, with just one stock -Bharti Airtel - coping with to stay in the inexperienced some of the 30-Sensex components.

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Coal India was greatest loser after the Union Cabinet approved a brand new bill on regulating and growing Mining that allows you to mandate coal corporations to supply 26 consistent with cent profit-sharing with the affected people.

Stocks of Reliance Anil Dhirubhai Ambani Group corporations RCom, Reliance Capital and Reliance Infra suffered sharp setbacks and have been buying and selling 4-10 according to cent lower after the Central Bureau of Investigation (CBI) informed the Supreme Court that it was once still probing whether or not Chairman Anil Ambani had any function in the 2G scam.

Sensex down 98 points on selling pressure

The BSE benchmark Sensex was down by 98 points in early trade on Thursday, the last session before current month expiry in the derivatives segment, amid concerns about Q2 earnings from corporates in view of global economic uncertainty. 


Volatility may surge today as traders roll over positions in the futures & options (F&O) segment from the near-month September, 2011, series to the October, 2011, series. The near-month September, 2011, derivatives contracts expire today. 


The 30-share Bombay Stock Exchange (BSE) index resumed lower at 16,387.91 and hovered in a range between 16,394.86 and 16,316.66 before quoting at 16,347.92 at 1015 hours, translating into a net loss of 98.10 points, or 0.60 per cent, vis-a-vis its last close. 


The National Stock Exchange's (NSE)50-share Nifty index also fell by 28.80 points, or 0.58 per cent, to 4,917.10 at 1015 hours. 
The major losers in early trade were Tata Motors (down 2.66 per cent), SBI (2.58 per cent), Sterlite Industries (2.42 per cent), Larsen & Toubro (2.35 per cent), DLF (2.25 per cent) and Hindalco Industries (2.05 per cent). 


Meanwhile, Asian stocks were mixed in early trade amid persistent worries about Europe's debt woes. The key benchmark indices in Singapore, Japan and China were down by between 0.33 per cent and 0.83 per cent, while the indices in South Korea, Indonesia and Taiwan were up by between 0.10 per cent and 0.80 per cent.


for more details visit: http://timesofindia.indiatimes.com/business/india-business/Sensex-down-98-points-on-selling-pressure/articleshow/10167778.cms

Silver moves up in futures trade on spot demand, global cues

NEW DELHI: Silver prices moved up by Rs 1,413 to Rs 51,823 per kg in the futures trade today on pick up in demand in the spot market following ongoing 'Navratra' festival amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in December month rose by Rs 1,413, or 2.80 per cent to Rs 51,823 per kg in a business turnover of 11,410 lots.
Similarly, the metal for delivery in December March contract traded higher by Rs 1,341, or 2.59 per cent to Rs 53,150 per kg in 234 lots.
Market analysts attributed the rise in silver futures to firming global trend and pick up in demand in the spot market due to ongoing 'Navratra' festival.
Meanwhile, silver gained 2.9 per cent to USD 30.73 an ounce in Singapore


For more information visit: http://economictimes.indiatimes.com/markets/commodities/silver-moves-up-in-futures-trade-on-spot-demand-global-cues/articleshow/10169233.cms

Sensex down further from the end, German vote

Indian equity benchmarks were subdued in the opening prior to expiry and awaits Germany's vote on European Union agreement today. Metals, auto, realty, banking and capital goods stocks were witnessing selling pressure.

At 9:18 hours IST, the 50-share NSE Nifty declined 33 points to 4,912 and the 30-share BSE Sensex slipped 109 points to 16,338.

Metal stocks like Sesa Goa, Hindalco, Sterlite, Tata Steel, SAIL and JSPL were down 1-2%.

DLF, Cairn India (down 2%), Maruti, Tata Motors, M&M, Axis Bank, Kotak Mahindra Bank, BHEL, Reliance Capital, Reliance Infra, Reliance Power and Jaiprakash Associates were on sellers' radar.

However, ONGC, HDFC, Infosys, Dr Reddy's Labs and Sun Pharma gained.

The CNX Midcap fell 44 points to 7,064.

Sun TV plunged 6% ahead of CBI chargesheet against Maran brothers.

Titan Industries and Kingfisher Airlines lost 1.5%.

Shree Renuka Sugar, Jet Airways and JSW Steel plunged 2.5%-3%.

Tata Metaliks shot up 4.5%. HCC rose 1.5%.

for further information visit: http://www.moneycontrol.com/news/local-markets/sensex-drifts-lower-aheadexpiry-german-vote_591919.html

Greece to change its inspectors bailout, Merkel faces signal

1 Merkel suggests new bailout deal can change
2 Hold protests and strikes Greece (Greek swap scheme adds the report on the partnership reaches 90 per cent)

ATHENS, Sept 28 (Reuters) - Greece's lenders sent a team to Athens on Wednesday to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may be renegotiated as debate raged over the size of losses bondholders should face.

Facing a wave of strikes and protests, Greece's Socialist government is accelerating its debt strategy to meet the terms of an International Monetary Fund and European Union rescue deal so it can receive a new loan next month and avoid bankruptcy.

The "troika" team of inspectors, which had threatened to cut off aid if Athens did not move faster, is expected to begin talks on Thursday on a plan demanded by lenders to deepen budget cuts and raise taxes, which has set off protests not seen since June when riot police fought running battles with activists.

for more information: http://www.reuters.com/article/2011/09/28/greece-idUSL5E7KS0AC20110928