Nirmal Bang's after market report

Nirmal Bang has come out with it after markets report.

Market Round Up

Asian markets crashed today. Hang Seng plunged 4.8% and Kospi was down 4.7%. Nikkei and Taiwan Weighted fell 3.2% each. Shanghai and Jakarta were down 2.4-2.8%. US futures were down over 2%, as US markets were closed on Thursday on thanksgiving note. The BSE Sensex recovered 421.57 points, before closing at 16,632.01, down 222.92 points or 1.32%. NSE Nifty fell 63.80 points or 1.27%, to settle at 4,941.75, after seeing recovery of 135.05 points from day's low.

Movers & Shakers

Suzlon Energy shot up over 6%, as REpower received order for up to 954 MW. Ranbaxy was up over 3%, as it has launched Valaciclovir Tablets in US. Unitech has gained over 2.5%, as the management said the company has no exposure to Dubai. India infrastructure companies especially having exposure to the Dubai economy and its once booming real estate business saw selling pressure.

HDIL, Indiabulls Real Estate, Bank of Baroda, Nagarjuna Construction, Omaxe, Punj Lloyd, DLF, Larsen & Toubro, Voltas and Aban Offshore were down 1-6%.