Japan Tsunami shatters Sensex at closing

Business

oi-Nairita Das

By Nairita Das

Published: Friday, March 11, 2011, 17:34 [IST]

Mumbai, Mar 11: From last few weeks, Indian markets witnessed a massive bash from uprisings in the countries of Saudis. Now, the Japan tsunami crashed the markets as Sensex closed on a red note.

The 30-share BSE Sensex settled down 0.84 percent at 18,174.09 points and the 50-share NSE Nifty fell 0.89 percent to close at 5,445.45. The BSE Midcap and Smallcap indices slipped one percent each.

For the week, the Sensex and Nifty tanked 1.7 percent each.

ONGC, Ranbaxy Labs, Sun Pharma and Reliance, who among the top gainers, were at 2.06 percent, 1.93 percent, 0.78 percent and 0.74 percent up respectively.

BHEL, Reliance Comm, Reliance Infra and Ambuja Cements, who among the top losers, were at 4.03 percent, 3.56 percent, 3.43 percent and 3.08 percent down respectively.
5:36 PM

Sensex drops 150 pts after Japan fury

After Japan was devastated by the earthquake and tsunami, Sensex dropped more than 150 points and the Nifty was below the 5450 level with the decline of four shares as against one share advancing during afternoon trades.

At 3:22 pm, the 30-share BSE Sensex fell 186 points to 18,141 and the 50-share NSE Nifty tumbled 57 points to 5,437 after a bit of recovery from day's low.

The broader markets too declined over 1 percent. European markets too declined 0.5-1 percent.

Financial, technology, telecom, auto, realty and infrastructure companies' shares were taking the beating. Heavyweights like TCS, BHEL, Bharti, Infosys, HDFC, NTPC, ICICI Bank and HDFC Bank slipped 1-3 percent.
3:39 PM

Markets crashed after Japan's Tsunami

A massive earthquake followed by Tsunami shattered Indian markets during noon trade.

At 12:58 pm, the 30-share BSE Sensex was trading at 18,112, down 216 points and the 50-share NSE Nifty fell 68 points to 5,426. Among other Asian markets - Straits Times, Kospi and Hang Seng tanked over 1 percent.

European futures like CAC, DAX and FTSE too were down 0.8 percent each.

Reliance Communications, Reliance Infrastructure, Bajaj Auto, Sterlite Industries, BHEL, Reliance Capital and TCS were the top losers with 3-5 percent fall. However, ONGC gained 2.14 percent.
1:22 PM

Weak global cues; markets open on -Ve note

Following fall in global markets on baggage of news, NSE Nifty slipped moderately in opening trade on Friday, Mar 11.

At 9:14 am, the 30-share BSE Sensex was trading at 18,251, down 77 points and the 50-share NSE Nifty fell 25 points to 5,469.

Heavyweights like Reliance Communications, Reliance Power, Reliance Infrastructure, Jaiprakash Associates, Hindalco, SAIL, Sterlite, Tata Steel, IDFC, SBI, HDFC, HDFC Bank, BHEL, Tata Motors, M&M, Infosys, Ambuja Cements and Wipro were dragging the markets down.

However, ITC, Bharti Airtel, Hero Honda and BPCL were on buyers' radar.
10:29 AM

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