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Mahindra Satyam , announced today that its board of directors had allotted 19,86,58,498 shares of the Company to Venturbay Consultants Private Limited , a subsidiary controlled by Tech Mahindra Limited .
Foreign institutional investors (FIIs) were net sellers of Rs 903.32 crore (provisional) today, according to data released by BSE. While FIIs made gross purchases of Rs 1,713.69 crore, gross sales totalled Rs 2,617.01 crore.
(RTTNews) - The Asian markets ended in negative territory amid concerns about global recovery as traders moved to the sidelines looking for direction.
The week had all the opportunities to stage a smart comeback. However, the Indian market showed its disappointment to the general budget 2009 recording its worst point-loss on any budget day. The packaging was clearly missing in the budget.
July 10 (Bloomberg) -- Indian stocks sank, completing the benchmark index’s worst week since October, after Agriculture Minister Sharad Pawar said monsoon rainfall has been deficient.
COMMENT ON THIS ! Your Views! A key index of the Indian equities markets crashed towards closing bell on Friday ending trade more than 318 points lower than its last close.
It was the worst weekly performance seen by the markets since October 2008; both the benchmark indices plunged 9.5% each. Sharp cut in oil & gas, banking, infrastructure and realty stocks forced the Nifty to break the 4000 mark and the Sensex to test the 13,500 level during the last day of the week.
Mumbai, July 10 : The downtrend at the Indian equities markets continued Friday, with a key index losing its way towards closing bell after rising more than 140 points to end trade over 253 points in the red.
(RTTNews) - Friday, institutional selling in late trading dragged down the benchmarks Sensex and the Nifty to their lowest closing levels since May 15. For the week, the benchmark indexes corrected nearly 10% following the disappointment over the Union Budget.
By Janaki Krishnan
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