SENSEX SLIPS 5.5%IN THIS WEEK..SENSEX ENDS BELOW 16K LEVEL,TELCOM AND REALTY CRACKS

Bears reigned the markets for the whole week and hammered the Sensex, which closed below the 16,000 mark for the first time in 36 sessions. The markets had opened higher following strong US and Asian cues but witnessed selling pressure in the second half of trade. The Nifty also touched the 4,700 mark during the day.

The 30-share BSE Sensex declined 156.44 points or 0.97%, to settle at 15,896.28, after seeing a fall of 464.6 points loss from its day's high of

Index	Closing Value	Today's Chg (%)	Weekly Chg (%)
REALTY	3827.13	0.17	-15.38
METAL	13940.17	0.25	-9.60
BANKEX	9336.16	0.49	-8.75
SMALLCAP	7058.72	-0.77	-8.01
MIDCAP	6014.3	-0.54	-7.63
POWER	2914.62	-1.49	-7.11
OIL&GAS	9434.43	-2.79	-5.72
NIFTY	4711.7	-0.82	-5.71
TECk	2855.37	-1.93	-5.57
SENSEX	15896.28	-0.97	-5.44
CAP GOODS	12873.48	-0.46	-4.27
AUTO	6307.2	0.94	-2.47
IT	4425.52	-0.49	-2.27
PHARMA	4377.2	-0.89	-0.56
FMCG	2808.97	-0.6	-0.56

16,360.88. The 50-share NSE Nifty touched an intraday low of 4687.50 and corrected nearly 142 points from its day's high of 4853.65. It slipped 0.82% or 38.85 points, to close at 4711.70. The benchmark indices plunged 5.44% and 5.7% in five days, respectively.

In a crucial fallout of Central Bureau of Investigation’s (CBI) probe into the alleged 2G spectrum allocation scam, work on allocation of spectrum to all existing operators — including Bharti Airtel, Vodafone Essar, Idea, Reliance Communications among others — has stopped at the Department of Telecom (DoT), reports CNBC-TV18’s. Reliance Communication, Bharti Airtel and Idea Cellular plunged 6-7.4%. Bharti Airtel is awaiting 2G Spectrum in 10 circles.

Another factor was Bharti Airtel's Q2 numbers, which were disappointing. The company’s net profit declined 7.8% to Rs 2,321 crore and total revenues slipped 0.97% to Rs 9,845 crore, QoQ while CNBC-TV18 expected net profit at Rs 2,401.2 crore and total revenues at Rs 10,218.4 crore.

Sanjay Chawla of Anand Rathi Securities said, "The mobile segment results are almost mirroring what Idea has reported. So, in that sense we were not surprised given that Idea’s numbers were also weak and the stock has already reacted, there was little room for disappointment. But having said that, on an absolute basis, the numbers are quite weak."

Reliance Industries (RIL) also reported Q2 numbers, which were below estimates. The stock was down 3.4% today. Its net profit went down 6.55% to Rs 3,852 crore while estimates were at Rs 4,081 crore and net sales increased 4.6% to Rs 46,848 crore while estimates were at Rs 49,190 crore.

Today's listing, Indiabulls Power ended its first trading session at a hefty discount of 15.11% to its issue price of Rs 45. The share closed at Rs 38.20 on the NSE

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Brokerages may not be ready for extended trading hours by SEBI

There is great conflict between brokrages firm for implimentation of extended trading hour.

The Securities and Exchange Board of India (SEBI) has allowed the stock exchanges to extend trading hours of equity markets. With the green signal, stock exchanges are now allowed to start trading at 9am and close the bell at 5pm. Currently, India’s exchanges operate between 9.55 am and 3.30 pm.

Experts say the move is aimed at aligning Indian stock markets with international ones in a bid to woo more trades and also counter the emerging Singapore Exchange Limited’s (SGX) Nifty, which opens sooner (7am India time) than the National Stock Exchange’s (NSE) Nifty. Trading

volumes may go by about 10–15% as a consequence of the extended hours, he adds. “Another plus point I can see is that volatility may come down,” says Portfolio Manager PN Vijay, though he adds that such long hours were not justified and that exchanges should consider working from 9am to 4pm.

However, Thakkar of Angel Broking disagrees. “The cost escalation would be offset because of additional revenue stream that we will get,” he says.

“People will get used to it,” says Jain of India Infoline. “The way technology is progressing, maybe next few years time we may see 24/7 market. In the US, you don’t have to go through exchanges because certain markets are beyond exchanges too. I think things will move in that direction and brokers and all of us will get used to it and we will need to adapt our systems and infrastructure to that.”

Market will touch the new hights from this place

data suggested that the market will touch new hights from this point of 5000 and the next targe

Market touch a new hight on the eve of Diwali

to day the 14 day of october the maket touches a new hight above 17200 level and nifty touches the new hight too that is above 5100 this shows that the maket is expecting a great and genuine correction in it that may be on Diwali or just after Diwali. lets see what happened in future.

Indian ADR's gain $ 2.37 bn last week

Indian stocks rading on American bourses gained more than $ 2.37 bn last week led by copper producer Sterlite Industries. For the week ended October 9 Indian entities listd on the New /York stock Exchage and Nasdaq added $ 2.37 billion to their total market capitalisation.

Market Exected to move Sideways

after last week's correction witnessing a dip of 492 points, market experts said this week might continue to see sideway movements with slight downward bias. they opened it was basically the momentum play which took the markets beyond 17000 points and there fore downside movenment was expected.
Broker pointed out that this week, Nifty may bottom out at 4800 levls. it should not come below this as fundamentals of the country are intact .

Bharti MTN deal off

the proposed $23 billion cash and share-swap deal betwen telecom majors Bharti telecom and South afereica's MTN has been called off owing to the reluctance of the South african govenment to accept it in the current form. in view of this, both companies have decided to disengage from discussion. We will definately see the impact of this breach on the market movement in today session.