Sensex

Indian shares fall more than four percent

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Indian shares and stocks extended losses to more than four per cent yesterday, tracking sharply weaker global markets and weighed down by expectation that domestic inflation would remain in double digits for some time.

India's annual inflation rate has risen further to 11.42 percent in mid-June tumbling Indian share markets. Investors feel that the recession in America and inflation could be the factors for today's fall.

India Banking Stock Index gains 4%

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Indian stock market closed today with good gains particularly in the banking space. The market did not show any sign of weakness inspite of it being a friday and it also shrugged off the higher inflation number reported today.

Sensex Falls 1800 Points in one week

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Indian investors faced the wrath of the global market challenges this week with sensex falling more than 1800 points to 19,013.70. This was the largest ever weekly loss with sensex falling by 8.71 percent. This was led by a fear of the impending US economic slowdown, huge sales by foreign investors and an expected but heavier than normal unwinding of leveraged positions in the derivatives market. Market leaders in real-estate, metals, banking and energy saw their values plummet by nearly 8 to 11 percent.

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