Stock Markets end lower; Cipla at 52-week low

Stock Markets end lower; Cipla at 52-week low

Indian Stock markets closed lower on Monday as markets across Asia and Europe declined. Investors dumped technology and healthcare stocks. FIIs have been net sellers worth $2.5 billion.

Pharmaceutical major Cipla touched 52-week low of Rs 273. Dr. Reddy’s Labs, Apollo Hospital, Piramal Health and Glenmark ended the day lower. Orchid Chemicals, IPCA Labs and Strides Arcolab were marginally higher.

Educomp Solutions touched 52-week low of Rs 192. The stock managed to close at Rs 201. Everonn Education was again locked in 20% lower circuit. The stock closed at 52-week low of Rs 280. Analysts are expecting the stock to close lower in coming sessions as well.

Among other stocks which touched 52-week low were Tata Power, PNB, Polaris, Prestige Estate, Viceroy Hotels, Mawana Sugars, JB Chemicals, Hanung Toys, FirstSource Solutions, Denso India and Modi Rubber.

Among technology stocks, major losers included Patni Computer, Wipro, HCL Tech and Infosys Technologies. Among gainers in technology space were Tech Mahindra and Financial Technologies.

Suzlon Energy ended the day with 5% gains. Praj Industries, Thermax, ABB and SKF India closed with marginal gains.

European stocks ended the day with decline. Banking stocks dragged the indices on euro zone debt worries and jobs data from United States. European stock indices touched their two week low.

Euro also dropped to 1.40 compared to US Dollar. There are fresh reports that Spain might be in financial trouble. Analysts are already worried about Italy.


Google Video

Loading...
Loading...

User login



Gaming Tonight

Sony Reduces PlayStation Prices by 15%
Sat, 08/20/2011 - 07:50

Sony PlayStation 3 is being sold at a 15% lower price with the fall in prices in India. The step...


Entertainment Tonight

SRS All Set To Invest Rs 100 Cr To Launch New Screens
Mon, 08/22/2011 - 06:22

Diversified group SRS today announced that it would make an investment of Rs 100 crore to...


India Today

Tata-Singapore Airlines Could Start Operations by May 2014
Sat, 10/26/2013 - 09:53

Tata Group and Singapore International Airlines joint venture company could launch aviation...


UK News

Water Bills to Go Down With Subsidy
Wed, 11/30/2011 - 08:12

It has been revealed in a recent report that there is now rebate going to be received by the...


US News

Google Introduces New Features in Mapping Service
Wed, 11/30/2011 - 13:00

Often it happen when one has no clue where their desired shop is in the airport or which...