.: FTIL, MCX stock crash, Sensex falls, rupee bounces back & other stories

Thursday, 1 August 2013

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	Dated:01 August,2013

Top Headlines

Shares of Financial Technologies plunged over 66% in trade on Thursday to mark its biggest intra-day fall since its listing on the bourses.

Faltering growth and weakness in domestic currency have prompted them to reduce their target prices for both Nifty and Sensex.

Goldman also downgraded Indian equities to 'underweight' and said it is looking for clearer growth signs to turn constructive.

Views on Stocks/Markets

IPO/Global Markets

Rupee / Gold

More 'Market' News

Open offers hit record high of over Rs 29,000 crore in June
Another seven offers worth Rs one crore were made for consolidation of holdings, while none were made for change in control of management.

Re, equities should gain with Fed keeping QE on: Geosphere Capital
"Unless the global environment turns out to be surprisingly slow, at this point, with the recent RBI move, India is in a sell-on-rally situation," says Arvind Sanger.

Sebi begins probe into FTIL, MCX stock crash
Sebi has begun a probe into a major crash in the shares of MCX and its promoter Financial Technologies and has sought information in this regard.

Market Round-up

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