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Commentary on market movement

Latest Commentary on the markets.

ITGD Bureau | August 27, 2010 | Updated 18:41 IST

Markets moved deeper into the red during the final hour of trade as weakness intensified in heavyweights from the energy, pharma and banking sectors. 14:30

The indices made further inroads into the negative territory during the previous hour of trade as participants continued to resort to profit booking in the index heavyweights. 13:30

The indices lost significant ground during the previous hour of trade as selling intensified among index heavyweights. 12:30

The indices managed to recover some ground and have pared some of their early morning losses during the previous hour. 12.00

Markets weakened further during the previous hour of trade as selling pressure intensified amongst index heavyweights. 10:30

After the strong momentum seen in the indices yesterday, investors seem to have chosen to take some profits off the table in early trades today.  9:00

A spurt in interest rates over the past year raised concerns over Indian banks' balance sheets. These banks took a substantial hit on their investment portfolios on account of the marked-to-market (MTM) provisioning of investments in the available-for-sale (AFS) category. 15:30

The markets pared considerable gains during the final trading hour to close marginally above the dotted line. 14:30

The benchmark indices managed to hold on to their gains during the previous hour of trade. Currently while buying is being seen in banking and software stocks, select stocks from the auto sector are trading in the red. 13:30

Markets continued to trade within a narrow range during the previous hour of trade as index heavyweight failed to attract investors' interest. 12.30

Though still in the positive territory, markets continued to pare some of their early morning gains during the previous hour of trade. 10.30

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