Sensex closes 527 points lower

 

   On January 10th, 2011

Rampant selling across the Indian equities markets Monday resulted in a benchmark index getting clobbered and ending trade 527 points lower with analysts attributing the down-trend to off-loading by foreign investors.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,714.42 points, closed at 19,164.77 points (provisional), down 527.04 points or 2.68 percent from its previous close at 19,691.81 points.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 5,755.65 points, down 2.52 percent or 148.95 points.

Broader markets were also in the negative, with the BSE midcap index ending 2.44 percent lower and the BSE smallcap index closing 2.96 percent down.

Capital goods, realty and oil and gas stocks were among the major losing sectors on the markets. All 13 sectoral indices on the BSE closed in the red.

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Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

View on Nifty

Nifty Spot 5774, -130 points. Nifty major support @ 5720 & 5680. And 5680 is very crucial level. I suggest you start buying in bluechip and large cap stock, may be Tommrow or tommrow 2nd half will be better. Best of luck 
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Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

‘Lot of acquisition’ for Fortis in 2011

Dear Investor

 

On January 10th, 2011

Fortis Group's overseas arm Fortis Global Healthcare will focus on Asia, Australia and the Middle East as it eyes "a lot of acquisition" this year, its promoter Malvinder Singh has said.

"Fortis Global will go for a lot of acquisitions in 2011. Our focus is on Asia, Australia and the Middle East," Singh told mediapersons after the opening of the group's new hospital here Sunday.

"(Acquisition) Opportunities lie in the Asian countries… China is a potential market," he said.

Malvinder Singh said the company was now evaluating the pros and cons of getting listed on the stock exchange in the near future.

Malvinder Singh owns Fortis Global jointly with his younger brother Shivinder Singh.

Asked about the country's healthcare sector, he said supply was far short of the demand.

The company would continue to stress on capacity expansion in the country as it strives to be a pan-India player.

"We will set up eight to 10 new hospitals in the next 24 months in India," he said.

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Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

Nifty Technical Update: ‘Possibility of a pullback’. Please check your mail.

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Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

Updates from Economictimes

Dear Investors,

Updates about various industries. news is take from economic times

 

• Tata Venture, new multi-purpose vehicle launched in Rajasthan
• Kotak Mahindra MF launches Multi Asset Allocation Fund 
• Price rise continues as food inflation hits 18.3%

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