ECONOMY ANALYSIS
- Sensex falls 1%, Nifty ends below 7900; metals, capital goods, banks drag
- Maxwell Ind soars 13% ahead of board meet for land sale
- Godrej Properties up 3% on adding new project in Mumbai
- September India auto sales rise 4.7%; M&M back in 3rd place
- Ballarpur Ind rallies 14% as IFC to invest in subsidiary
MARKET ANALYSIS
- The S&P BSE Sensex ended nearly 300 points lower following a sharp correction in European markets. Nifty has breached 50-day DMA and further downside in the near term can't be ruled out, say analysts.
- The 50-share index closed at 7,852.40, down 93.15 points or 1.17 per cent. The S&P BSE Sensex ended at 26,271.97, down 296.02 points or 1.11 percent.
- DLF (5.68%), NMDC (5.57%), Jindal Steel (4.92%), HindalcoBSE -4.35 % (4.90%) and Sesa Sterlite (4.49%) were among the top losers.
- Foreign institutional investors, which were largely responsible for an over 25 per cent rally seen in the BSE Sensex, have become net sellers of Indian equities in the last five trading sessions.
- As per provisional data, FIIs have sold net of Rs 2583.95 in the last five trading sessions, while DIIs or domestic institutional investors remain net buyers.
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