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CG Index down 12.6% this week; BHEL,L&T among top losers
Published on Fri, Apr 04, 2008 at 16:01 , Updated at Fri, Apr 04, 2008 at 16:31
Source : moneycontrol.com
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After seeing a huge rally capital good stocks are witnessing some serious selling on the bourses. Inflation for week ended March 22 at 7% Vs 6.68%, which is at 3-year high. Ahead of the results some analyst are expecting earnings to go down a bit. Raw material prices like steel have remained firm which will impact the margins negatively. Infrastructure numbers have indicated some weakness with index of industrial production (IIP) figures stood 5.3% in January as against 11.6% a year ago. Sensex during the week was down 6.2%, Nifty down 5.9%. CNX Midcap Index down 3.6%, BSE Small Cap Index down 2.3% |
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Worse slowdown yet to hit markets
The Media often gets away with many things because public memory is just short! This is one thing you can keep sho...
in Market Outlook - Short Term - rameshaha at 11-Oct-08 07:31
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Dear Frends, Still the possibility of becoming situation more & more worse in the market can not be rouled out. T...
in Market Outlook - Short Term - snvaish at 11-Oct-08 06:58
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