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Daily Market Report

The BSE Sensex plummeted 392.26 points or 1.91% to settle at 20,105.38 (Provisional) while the S&P CNX Nifty plunged 121.85 points or 1.97% to end at 6,055.50.

The BSE Sensex touched a high and a low of 20,578.45 and 20,090.18 respectively. There were 1 advance against 29 declines on the index.

Iindices surged in opening trade tracking firm Asian stocks but soon slipped into red due to profit booking. However, the indices held positive zone in mid-morning trade. The market moved between positive and negative terrain near the flat line in afternoon trade, but fresh selling dragged the market to the day's low in late afternoon trade resulting in the Sensex and Nifty closing down by 0.9% each. BSE midcap and small-cap indices performed slightly better than the key benchmark indices, closing below by 0.3% and 0.5%, respectively.

Coal India List On 4 November

The price band for the Coal India Ltd. IPO has been fixed at Rs225-245 a share, Union Coal Minister Sriprakash Jaiswal said in New Delhi.
Coal India will list on November 4, 2010.The Government could raise as much as US$3.5bn at this price. The IPO opens on Oct. 18 and closes on Oct. 21.


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