IIFL Blogs

Nirmal Jain
This an excerpt from my article published in Business India on budget expectation
Amar Ambani
NCDs have had notable success in recent history. Corporates are viewing this instrument as the best bet to raise funds and demand from retail and institutional investors is high. While there are in...

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IIFL-Post Market Summary 27.08.2010

The Sensex slipped 228 pointsto close at 17,998, the index hit anintra-day high of 18,248 and an intra-daylow of 17,994. While, NSENifty lost 69 points to close at 5,409.
Among the BSE sectoral indices, the BSE Realty index was the top loser theindex was down 3%, followed by BSE IT index (down 2.1%) and BSE Banking index(down 2.1%) and BSE Teck index (down 1.8%).
Even the broader indices were under pressure, the BSE Mid-Cap index was down1.1% and BSE Small-Cap index was down 1.5%. Only the BSE Oil & Gas indexended in the green, the index gained 0.2%.

Markets in Asia ended in the green; the Nikkei in Japanadded 1%, Australia'sS&P/ASX ended higher by 0.3%, the Hang Seng index in Hong Kong edged lower by 0.2% and the Shanghai SE Composite edgedhigher by 0.3%.
The European indices were trading with a slight negative bias, the DAX in
Germany was down 0.2%, the CAC 40 index in France was down 0.3% and the FTSE in the UK was down0.2%.
Outside the frontline indices, the big losers in the broader market were Bankof India, Jai Corp, Hindustan Copper, Renuka Sugars and Bajaj Holdings. On theother hand, gainers included
Ispat Ind, Cummins India, Bosch, Pantaloon Retail andShriram Trans.