ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, Infosys Biggest Losers

The stock markets ware closed right now because of the 2000 points another crash on the opening of the market and stock exchanges will be closed for 1 hour. Todays opening biggest losers were ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, SAIL, Unitech, Infosys.

Indian Stock Market Bombay

Asian markets were trading weak. Hong Kong’s Hang Seng tumbled 5.36% or 1276.86 points at 22,542. Japan’s Nikkei plunged 4.41% or 587.63 points at 12,738.31. Taiwan’s Taiwan Weighted slipped 5.82% or 472.13 points at 7,638.07. Singapore’s Straits Times fell 3.5% or 102.11 points at 2,815.04. South Korea’s Seoul Composite was down 3.65% or 61.48 points at 1,622.08.

Mukesh Ambani’s Group Reliance Petroleum and Anil Ambani’s (ADAG)Reliance Natural Resources were saw nasty fall in today’s trade, they dropped down 17.53% and 23.21% respectively. In yesterday’s trade Mukesh Ambani’s Group companies have lost Rs 53753.08 crore of market cap and Anil Ambani’s ADAG have lost Rs 45,607.18 crore. If we consider the combined market cap then they have together lost Rs 99,360.26 crore in a single day compared with yesterday’s close.

Sensex and Nifty both opened with over 10% cut and hit the lower circuit and the trading got halted for one hour only fourth time in Indian history. Sensex opened down 9.75% or 1716.41 points at 15888.94 and Nifty was down 12.10% or 630.45 points at 4578.35. Sensex so far was down 25% and Nifty 28% from its all time high.


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