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Indian stock market crash leads the fall in asia stock markets

Sub-prime woes impact sentiment, farm-loan waiver hits bank stocks.

Indian markets continued to be gripped by the pessimism afflicting global markets after the benchmark equity indices fell the most in Asia on Monday.

This followed a 3 per cent fall in the S&P 500 index on Friday owing to a deepening of the sub-prime, or high-risk home loan market, crisis in the US.

The fall in Indian stock markets on Monday reflect what is happening globally and there was not much cause for worry as India's growth stock was intact, Finance Minister P Chidambaram has said.
"You switch on the TV at 10 a.m. I switch it on at 8 p.m. I see what has happened to Hang Seng, Nikkei," the finance minister told a post-budget interaction with Indian industry at the Vigyan Bhavan conference centre here.
"The Asian markets have slipped today (Monday) because of the fears of a recession in the US. And what is happening in India only shows that we are not as decoupled as we may think we are," he said


Shares of banking companies, which have been impacted due to the Rs 60,000-crore agri-loan write off in the Union Budget, led the fall.
The Bombay Stock Exchange’s 30-share Sensex ended at 16,677.88 points, lower 900.84 points or 5.12 per cent. The broad-based 50-share Nifty ended at 4,953 points, down 270.5 points or 5.18 per cent.

All the other Asian markets including Japan’s Nikkei (down 4.49 per cent), fell less than the Indian markets, though experts stressed the Indian economy was de-coupled from a US recession.

Ref : http://www.business-standard.com/common/news_article.php?leftnm=lmnu6&subLeft=1&autono=315737&tab=r

Top 5 Sensex losers

Name
Mar 03
% Chg*

SBI
1923.40
-8.83

DLF
714.70
-8.44

HDFC
2571.35
-8.25

BHEL
2099.45
-8.00

Hindalco
189.90
-6.43

Top Sensex gainers

Name
Mar 03
% Chg*

Cipla
211.65
2.12

HUL
231.80
1.96

Ranbaxy Labs
450.55
1.08

Maruti Suzuki
874.30
0.82

* Change over previous close

Monday’s fall, which was the worst since the January-end crash, has wiped out Rs 2,78,593 crore in market values. The current Sensex level is below the 200-day (one-year) moving average, indicating further weakness in coming days.

Asia/Pacific

Mar 03
Net Chg*
% chg*

Nikkei 225
12992.18
-610.84
-4.49

Straits Times
2926.55
-99.90
-3.30

Hang Seng
23584.97
-746.70
-3.07

Jakarta Composite
2652.31
-69.63
-2.56

Kospi
1671.73
-39.89
-2.33

Taiwan Taiex
8262.87
-149.89
-1.78

Shanghai Composite
4438.27
89.72
2.06

* over previous close

While the Sensex fell well below the 17,000-mark, the National Stock Exchange’s Nifty is also below the psychologically important 5,000-mark.

European markets, which opened lower with FTSE (down 1.59 per cent or 93.7 points) and Germany’s DAX (down 115.24 points or 1.71 per cent), exacerbated the sell-off in the Indian markets towards the closing hours of the trading session.

The Japanese yen, which advanced to a three-year high versus the dollar on Monday, also forced foreign investors to sell equity in emerging markets such as India. Foreign funds, especially hedge funds, had borrowed cheap money from Japan to invest in booming emerging markets over the past couple of years.

Top 5 market falls

“Monday’s market fall had a lot to do with global cues. However, valuations have become attractive and we are advising people to take this opportunity to build up their portfolio in a gradual manner,” said Jignesh Shah, Head of Equities, Private Banking, ABN AMRO Bank.

Foreign institutional investors were major sellers in the market, selling equities to the extent of Rs 711.31 crore, making their total sales this year Rs 34,200 crore. Domestic institutional investors (DIIs) provided poor support, buying equities of around Rs 80.47 crore.

Heavy selling was seen at banking counters with banking biggies such as State Bank of India (down 8.83 per cent to Rs 1,923.40 a share) — also the biggest index loser — ICICI Bank (down 6.1 per cent to Rs 1024.45 a share) and Punjab National Bank (down 9.65 per cent to Rs 545.85 a share).

Morgan Stanley downgraded banks including State Bank of India, Punjab National Bank Ltd, Corporation Bank and Canara Bank after they faced lower profitability on account of a cut in lending rates last month.

Financial services stocks such as India Infoline (down 10.81 per cent to Rs 996.25 a share), Motilal Oswal Financial Services (down 6.53 per cent to Rs 858.7 a share), Religare Enterprises (down 5.73 per cent to Rs 433.90 a share) and Edelweiss Capital (down 9.21 per cent to Rs 774.55 a share) suffered a hit after the market struggled to digest the securities transaction tax set-off against business income.

Volumes in the market continued to suffer as a total of 25.6 million shares and 47 million shares changed hands on the BSE and NSE respectively. Market breadth remained extremely weak with 396 advances to 2,330 declines.

Change in BSE, NSE trading timings from today

Market crash to send QIP plans into a tailspin

Short-term portfolios hit most by the fall

B12 stocks shifted to A group

Budget for you

Volumes of comexes up, players expect transaction tax rollback

DSP Merrill eyes Rs 150cr from new fund in Gujarat

Taxes set to axe volumes

Comments

  1. Hi Everyone,

    This Blog is really nice and helpful. We hope our post will be useful for all visitors of this prestigious blog.

    On 29th Feb 2008 budget was declared. It was expected to be in favor of middle class people . As in budget all loan of farmers were waived off, its a
    Positive news for farmer which can give rise to agro based industries too.

    Overall budget was good for everyone.

    Now with time USA is coming out of the jinx of sub prime and recession and we have already witnessed some good movement in US market too. Recent fall in Indian stock market was due to Overbought Nifty, USA recession margin pressure and panic.


    Now Nifty is in consolidation phase. Once consolidation is over we will see major rally in the stock market.


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  2. Dear Visitors,

    This Blog is really nice and informative. We are pleased to know this
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    As we all know major stock market exchanges in India are

    BSE
    and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
    where as

    NSE is
    National stock exchange covering Nifty and Nifty stocks.

    Now a days USA is facing recession which is affecting world market and
    recently we have witnessed major fall in Nifty and Sensex.

    In this fall many investors were trapped and loosed around 50% to 70%
    of their portfolio which is a major issue and need to be taken care
    of.

    Stock market is risky and will remain risk always still one can
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    which one can incur in the market.

    There are few levels which we call support and resistance level which
    we suggest one should strictly follow for coming days if they want to
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    Right now Nifty is direction less

    Major suport-4660 below it next will be 4400.If breached then 4000.

    On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
    closings above 5200 means 5400.

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  3. Dear Visitors,

    This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

    Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
    has ruined the portfolio of investors
    who were invested in Nse and Bse
    listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
    we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

    Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

    All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
    If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.



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  4. Dear Visitors,

    This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

    Now once again as on 02-June-08 around 11.15AM,market is trying to become bit bullish but still we cant rule out profit booking from every rise. Still we suggest everyone to remember this is Indian stock market
    so watch your every step. Avoid going Long until Nifty crosses 5050 mark and avoid going short until nifty breaks 4820. Till then enjoy the consolidation phase and prefer to do intraday trading only.


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  5. Anonymous1:08 AM

    This blog is nice and informative,it is pleasure to post a comment on this usefull blog

    As we said earlier now a days Indian Stock Market is giving mixed results so one may go for only Intraday Trading and not for the long Positions so that the Profits are not disturbed.Further these days it is recommended not to take long positions and prefer intraday trading with strict stoploss until the trend is clear.

    All the Best

    Warm Regards

    Team
    www.KnowYourProfit.com
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    ReplyDelete
  6. Anonymous2:51 AM

    Dear Visitors,

    This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

    Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

    Just watch

    The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
    Investors has lost there 70% of portfolio .

    But still we say there are many undervalued stocks which can be used for investment.

    To name few
    1. DIGJAM
    2. SBI

    Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

    Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

    Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

    For any query feel free to contact us.

    Regards
    SHARETIPSINFO TEAM

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    +91 9899056796
    +91 9891890425

    ReplyDelete
  7. Anonymous3:06 AM

    Dear Visitors,

    This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

    Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

    Just watch

    The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
    Investors has lost there 70% of portfolio .

    But still we say there are many undervalued stocks which can be used for investment.

    To name few
    1. DIGJAM
    2. SBI

    Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

    Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

    Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

    For any query feel free to contact us.

    Regards
    SHARETIPSINFO TEAM

    +91 9891655316
    +91 9899056796
    +91 9891890425

    ReplyDelete
  8. Indian stock market investments are made easy with our live nse/bse market tips. Our trading tips covers NSE and BSE .We provide intraday and long term share market calls daily with Equal Emphasising on fundamental and on technicals aspects.Check gainers,losers ,news,penny stock,IPO ,Free tips,trading tricks.

    ReplyDelete
  9. Anonymous12:07 AM

    rishi_sakhuja: Hi,

    Your blog is nice and informative. We would like to share few information’s with users. Indian stock market is not a place for speculators anymore. As it has become too volatile. Still day traders are requested to trade with strict discipline and a small suggestion for Long term players is don’t take any long term delivery position as Nifty and Sensex are still in bearish zone. Just wait for right time and opportunity before taking long position.

    For any doubt please feel free to ask us.


    Thanks

    Regards

    SHARETIPSINFO TEAM

    ReplyDelete
  10. Anonymous12:13 AM

    rishi_sakhuja: Hi,

    Your blog is nice and informative. We would like to share few information’s with users. Indian stock market is not a place for speculators anymore. As it has become too volatile. Still day traders are requested to trade with strict discipline and a small suggestion for Long term players is don’t take any long term delivery position as Nifty and Sensex are still in bearish zone. Just wait for right time and opportunity before taking long position.

    For any doubt please feel free to ask us.


    Thanks

    Regards

    SHARETIPSINFO TEAM

    ReplyDelete
  11. Anonymous12:53 PM

    This blog is nice and informative and its our pleasure to take part in it.

    If anyone wish to have real information on shares, may visit www.puntercalls.com for Indian Stock Market News, Information, Tips, Analysis, Reports, The only pioneer financial hub for HNIs and for Retails.

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    ReplyDelete
  12. This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post
    Informative content on this useful blog created by webmaster.


    Now as such we have seen in past few trading sessions that Market has become volatile
    and also there were also most of the stocks are available in discounts which means that
    the right time has come when one can invest in this
    Indian Stock Market with
    handsome gain in over a period of time along with that one can also opt for
    doing Intrading Trading now
    days as stock specific movement is there.

    Happy Deepwali and Happy Trading as well

    Quieries are welcomed at:


    KnowYourProfit
    +91-9871142419

    ReplyDelete
  13. This blog is nice and informative,good to know that the blog created by the webmaster is very helpfull to the visitors

    RBI has cut Repo rate by 100 BPS to 6.5%, due to this we can see some rebound in the Indian Stock Market,as this is one of the factors which will also decide the movement of Nifty in coming days along with different other factors,our advice for intraday traders is to trade light


    Any Query

    Call us

    +91-9871142419
    +91-9212663485

    Mail at :-
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    knowyourprofit@yahoo.com

    KnowYourProfit

    ReplyDelete
  14. This blog is nice and informative,its our pleasure to post a comment on this blog created by the webmaster


    Now as such we had seen in the month of Feb'09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market

    Now in the coming Month of March'09 which is also the year's closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market


    Happy Trading a Head


    Queries are welcomed

    09871142419
    09212663485


    Knowyourprofit@gmail.com


    KnowYourProfit

    ReplyDelete
  15. Hi,
    It’s a well know fact that stock market is affected by elections and now Election 2009 are about to begin in some time so for sure they will also have some sort of impact on Indian stock market.
    One can find complete report on Impact of elections on stock market

    Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.

    So big question is what should day traders and investors do?

    Frankly speaking day traders are least concerned about the market they simply follow trend and make maximum out of it. But yes investors should keep there portfolio light till the elections get over.

    Please feel free to contact us for any query.


    Regards
    SHARETIPSINFO TEAM
    hoo.com
    sharetipsinfo@gmail.com

    ReplyDelete
  16. This blog is quite nice and informative, it is our pleasure to post a comment on this usefull blog created by a webmaster

    Now as such we all know that in India Elections are just around the corner which would inturn effect the movement of the
    Indian Stock Market which means the time has come when a common man should start thinking of investing in the Indian Share Market
    which would help him to increase the invested amount because one should not avoid the Opportunities come in Daily Life

    We welcome your Quieries at


    KnowYourProfit

    ReplyDelete
  17. Hi,

    Indian stock market is in bullish breakout once again. We can see new highs in market very soon. We advise investors to buy quality stocks on every lower level or decline and hold it for few days.

    We welcome your queries at gyan@sharegyan.com


    Regards
    ShareGyan.com

    ReplyDelete
  18. Dear Visitors,

    This blog is really nice and informative. We are pleased to know this blog is really helping people. It’s our pleasure to post informative content on this useful blog created by webmaster.

    As budget season is approaching so it is wise to think before investing as we can witness very volatile market in coming days. Moreover, we are expecting some stock market correction in post budget session


    We advise every investor to book profit before budget and try to grab value stocks at further decline for short to medium term.

    For any query feel free to contact us.

    Regards
    SHARETIPSINFO TEAM

    +91- 9891655316
    +91- 9899056796
    +91- 9891890425

    ReplyDelete
  19. I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.
    Regards
    stock tips

    ReplyDelete
  20. Very good post, I was really searching for this topic, as I wanted this topic to understand completely and it is also very rare in internet, that is why it was very difficult to understand.
    Thank you for sharing this.
    regards:
    Stock Tips

    ReplyDelete
  21. Hi,
    Seems like it’s a nice blog. So let us also add something useful in it. Trading in volatile market can be very fruitful also if we follow technical levels closely. It’s a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian Stock Market.

    Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.

    Regards
    Stock Market Tips

    ReplyDelete

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