Satyam shares tank 85% at Rs 6.30 on NSE in early trade January 9, 2009
Posted by dhirendra1972 in Bombay Stock Exchange, Financial of the Company, Marketmen, National Stock Exchange.Tags: Funds, Salaries, Shares, Trade
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Good morning friends. We all know that every country are experiencing crisis in many things. Each government have different priority which will focus first. But the important to that is that crisis will be lessen.
Shares of Satyam Computer on Friday got battered even further in opening trade and witnessed a level of Rs 6.30, a dip of as much as 85 per cent from its last close on the National Stock Exchange.
The scrip which had witnessed nearly 78 per cent fall in the previous trading session (on January 7), got hammered further and touched an intra-day low of Rs 11.50 on the Bombay Stock Exchange and Rs 6.30 on the NSE.
“At this point of time it is not clear as to whether the stock should be allowed to be traded in the exchanges, when there is no clarity about the financial of the company,” marketmen said.
Crisis-ridden Satyam yesterday started an exercise to keep afloat by according top priority to arranging funds and paying staff salaries, as the government and regulator SEBI started their probe.
The scrip was later quoted at Rs 18.50, down 53.69 per cent on the BSE and at Rs 16.85, down 58.26 per cent on the NSE at 10.12 am.
The scrip was one of the top traded counters on the bourses as over 1.85 crore shares exchanged hands on the BSE and nearly 5.9 crore shares got traded on the NSE.
Meanwhile, the New York Stock Exchange (NYSE) on January 7 had suspended trading on Satyam American Depository Receipts (ADRs) and in a statement said: “NYSE Regulation is currently evaluating the news relating to Satyam and will closely monitor further developments. The security will remain halted until further notice”.
ref: theeconomictimes
Indian stock markets remain closed today November 27, 2008
Posted by dhirendra1972 in Asian Markets, Bombay Stock Exchange, BSE, Bse news, Business, Capital Market, Finance, financial market, indian stockmarket, Insurance, Marketing Talk, NSE News, Online Marketing, Stock Market, Stock Market Talk.Tags: BSE, Financial Capital, Indian Stock, Indian Stock Market, Mumbai, NSE
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Indian government has decided to keep the Mumbai Stock Exchange (MSE) closed today (Thursday) due to the horrific night that saw the most deadly terror strike in Mumbai, the financial capital of India, which left over 100 people killed and 900 injured.
Trading on India’s Bombay Stock Exchange and National Stock Exchange markets will remain closed on Thursday, a spokesman for India’s capital markets regulator said, after a series of attacks in the financial capital Mumbai.
Government had already announced for the schools and colleges to remain closed as the situation in the city was tensed and sensitive due to terrorists who have been holding innocent people under captive as hostages in two five star hotels in Mumbai and army and commandoes had been called in to take the situation under control.
Equities in red, key index down 89 points November 25, 2008
Posted by dhirendra1972 in Bombay Stock Exchange, Marginal Loss.Tags: Equities, Stock Exchange
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Indian equities markets ended with marginal losses Monday after a late afternoon rally, with a key index down only 12.09 points or 0.14 percent from its previous close Friday last week.
The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 8,903.12, down 12.09 points or 0.14 percent from its close Friday previous week at 8,915.21 points.
The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), however, finished in the green at 2,708.25, up 14.8 points or 0.90 percent from its previous close last Friday at 2,693.45 points.
The BSE midcap finished at 2,902.29, down 14.37 points or 0.49 percent from its close Friday last week at 2,916.66 points.
The BSE smallcap closed at 3,363.96, down 26.80 points or 0.79 percent from its previous close Friday last week at 3,390.76 points.
Overnight US markets had ended in the green with a key index of the New York Stock Exchange finishing with a 6.63 percent gain. The Nasdaq index too ended with a gain of 5.18 percent.
Asian markets were mixed with the Nikkei, the key index of the Tokyo Stock Exchange finishing up 2.70 percent. But, the Hang Seng, key index of the Hong Kong Stock Exchange, closed with a loss of 1.59 percent.
