Associate Sponsors
  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

BUDGET CNBC-TV18 Markets Mutual Funds IPO Wealth Portfolio Messages Specials Videos Mail
CNBC-TV18 Matrix SENSEX 14913.05 254.56 NIFTY 4424.25 75.40
 

Feedback

Wall Street declines; Dow down 73 points

Published on Tue, Nov 11, 2008 at 08:17 , Updated at Tue, Nov 11, 2008 at 08:28
Source : moneycontrol.com

Email    Print      

US markets dropped as a worsening outlook for companies from Goldman Sachs to Google overshadowed China's $ 586 billion stimulus plan and pledges by the world's biggest nations to bolster economic growth.

Goldman Sachs fell 8.5% after Barclays said the stock- market rout may drag the firm to its first quarterly loss since going public. General Motors which said last week it may run out of cash, lost almost a quarter of its value after deutsche bank said the automaker's shares may go to zero. Major electronic retailer Circuit City, files for bankruptcy protection. US Government reworks bailout plan for AIG and the new plan will cost $ 150 billion.

Google, the biggest seller of online ads, sank to a three- year low on concerns that the fourth-quarter revenue growth will stall.

The Dow plunged 73.27 points, or 0.82%, to 8,870.54. The S&P 500 index declined 11.78 points, or 1.27%, to 919.21, and the Nasdaq composite index dropped 30.66 points, or 1.86%, to 1,616.74.

A look at how the Indian ADRs performed:

Name
Infosys
Sify
Rediff.com India
Satyam
Wipro
ICICI
Bank
HDFC Bank
MTNL
Tata Comm
Dr Reddy's Lab
Tata Motors
Patni Computer

Sterlite Ind

Symbol
INFY
SIFY
REDF
SAY
WIT
IBN
HDB
MTE
TCL
RDY
TTM
PTI

SLT

Price

27.30
1.26
2.49
15.36
8.20
19.01
66.3
3.20
19.71
8.64
4.49
6.40
5.25

Change
0.61
-0.03
0.00
0.08
0.35
0.84
0.30
-0.02
-0.97
0.04
0.07
0.58
0.35

Change%

2.29%
-2.33%
0.00%
0.52%
4.46%
4.62%
0.45%
-0.62%
-4.69%
0.47%
1.58%
9.97%
7.14%

Volume
2,280,886
26,128
49,359
1,153,058
682,740
2,959,471
1,561,845
227,661
213,834
123,803
775,593
82,457
4,260,488

High
28.09
1.39
2.65
16.20
8.54
19.79
69.07
3.39
21.71
8.85
4.84
6.40
5.88

Low
26.92
1.26
2.45
14.9
7.88
18.62
65.33
3.16
19.52
8.57
4.42
5.71
5.13


More Market Information
View Comments    |    Post Comments
Headlines from Web18
CNBC-TV18
Watch Show
Show Schedule
Transcripts
Videos
Top News
Most Read
just
com