Thursday, December 18, 2008

> Anagram's Eveninger & Bulk Deals 17/12/2008

After opening higher, indices retreated sharply and closed deep in the red, under performing all the Asian markets. Sensex fell by 261 points to close at 9715, while Nifty shut shop at 2954, down 87 points. Satyam plunged 30% as investors took a negative view on the company's decision of acquiring 51% in Maytas Infra and then calling it off due to strong investor reaction and resultant plunge in it's ADR yesterday. U.S. stock futures were trading down by nearly 1.5%.
All the BSE sectoral indices finished in red. Realty and Teck indices were down the most, falling 7.4% and 5% respectively. ICICI Bank and HDFC Bank were the top gainers among the sensex stocks, up 2.4% and 1.8% respectively, while Satyam Computer was the top loser, plunging 30.2%, followed by Reliance Infra, which tumbled 13.7%. BSE advance-decline ratio stood at 1:1.6.

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