Indian Market:
30-share BSE Sensex closed at 17,509.33, down 191.57 points or 1.08% and the 50-share NSE Nifty declined 61.10 points or 1.15% to settle at 5,251.40. However, the broader indices remained quiet after looking at market breadth. About 1543 shares advanced while 1588 shares declined on BSE. Nearly 193 shares remained unchanged.
Hyundai Motor India Ltd, the country's second largest car manufacturer and the largest passenger car exporter, continued to be on a growth trajectory with the domestic sales growing by 18.9 percent in June 2010 over the same month last year. domestic sales in June 2010 was 27,366 as opposed to 23,016 in the same period in 2009.
Indian government signed 31 Product Sharing Contracts (PSCs) for 31 oil and gas blocks awarded to 23 companies in the eighth round of auction, under the New Exploration Licensing Policy (NELP) on Wednesday.
Global Cues:
Asian stocks fell on Thursday after Chinese manufacturing growth slowed and Moody's Investors Service placed Spain's credit rating on review for a possible downgrade, fueling concern over the strength of the global economy. The key benchmark indices in China, Taiwan, South Korea, Japan, Singapore and Indonesia and fell by between 0.12% to 1.94%.
US stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data. The Dow Jones Industrial Average dropped 96.28 points, or 0.98% to 9,774.02.
Manufacturing growth in China, South Korea and Australia slowed in June, indicating the economic rebound has peaked in a region that has led the global recovery.
30-share BSE Sensex closed at 17,509.33, down 191.57 points or 1.08% and the 50-share NSE Nifty declined 61.10 points or 1.15% to settle at 5,251.40. However, the broader indices remained quiet after looking at market breadth. About 1543 shares advanced while 1588 shares declined on BSE. Nearly 193 shares remained unchanged.
Hyundai Motor India Ltd, the country's second largest car manufacturer and the largest passenger car exporter, continued to be on a growth trajectory with the domestic sales growing by 18.9 percent in June 2010 over the same month last year. domestic sales in June 2010 was 27,366 as opposed to 23,016 in the same period in 2009.
Indian government signed 31 Product Sharing Contracts (PSCs) for 31 oil and gas blocks awarded to 23 companies in the eighth round of auction, under the New Exploration Licensing Policy (NELP) on Wednesday.
Global Cues:
Asian stocks fell on Thursday after Chinese manufacturing growth slowed and Moody's Investors Service placed Spain's credit rating on review for a possible downgrade, fueling concern over the strength of the global economy. The key benchmark indices in China, Taiwan, South Korea, Japan, Singapore and Indonesia and fell by between 0.12% to 1.94%.
US stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data. The Dow Jones Industrial Average dropped 96.28 points, or 0.98% to 9,774.02.
Manufacturing growth in China, South Korea and Australia slowed in June, indicating the economic rebound has peaked in a region that has led the global recovery.
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