The BSE benchmark Sensex fell marginally by 19 points in opening trade on Wednesday, extending Tuesday’s losses on continued selling by foreign funds and retail investors amid mixed cues from global markets.
The 30-share barometer, which lost 69.92 points in Tuesday’s trade, moved down further by 19 points, or 0.10 per cent, to 18,725.56 in opening trade on Wednesday.
Shares of state-run oil firms, banking, power and healthcare companies remained under pressure.
Similarly, the wide-based National Stock Exchange Nifty index shed 11.75 points, or 0.20 per cent, to 5,262.00.
Market experts said the trading sentiment remained somewhat bearish amid a mixed trend on other Asian bourses, following overnight losses in the U.S. market.
In particular, stocks of state-run oil companies such as Hindustan Petroleum Corp, Bharat Petroleum and Indian Oil faced selling pressure as rising oil prices in global markets put pressure on their earnings.
In the Asian region, Hong Kong’s Hang Seng index was trading 0.32 per cent lower, while Japan’s Nikkei was up marginally by 0.31 per cent cent on Wednesday morning. In the U.S., the Dow Jones Industrial Average ended 0.10 per cent lower in Tuesday’s trade.
The 30-share barometer, which lost 69.92 points in Tuesday’s trade, moved down further by 19 points, or 0.10 per cent, to 18,725.56 in opening trade on Wednesday.
Shares of state-run oil firms, banking, power and healthcare companies remained under pressure.
Similarly, the wide-based National Stock Exchange Nifty index shed 11.75 points, or 0.20 per cent, to 5,262.00.
Market experts said the trading sentiment remained somewhat bearish amid a mixed trend on other Asian bourses, following overnight losses in the U.S. market.
In particular, stocks of state-run oil companies such as Hindustan Petroleum Corp, Bharat Petroleum and Indian Oil faced selling pressure as rising oil prices in global markets put pressure on their earnings.
In the Asian region, Hong Kong’s Hang Seng index was trading 0.32 per cent lower, while Japan’s Nikkei was up marginally by 0.31 per cent cent on Wednesday morning. In the U.S., the Dow Jones Industrial Average ended 0.10 per cent lower in Tuesday’s trade.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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Hyderabad-based Satyam Computer Services is going to team up with Government of Malaysia to train Malaysian graduates in computers. The programme will be called ‘Campus Link’ and is aimed at equipping young people in the country (Malaysia, that is!) to have their computer skills updated with required industry standards. Under the programme, both faculty members and students are going to be at Satyam’s facilities – both in Malaysia and in India. Badlisham Ghazali, the CEO of Malaysia’s Multimedia Development Corporation, was quoted in the media as saying: “Making our graduates industryready is not just about curriculum changes and training them but also about making the lecturers aware of the industry’s needs.” Satyam’s bestof- breed training programmes and learning interventions for Associates have been accorded the prestigious American Society for Training & Development’s ASTD BEST Awardsrecognition. And the company has been ranked 15th in ASTD’s Fourth Annual BEST Awards programme, and is among the 39 organisations from India, South Africa, and the United States to receive this highstatus award. So the Malaysian Government clearly knows what it’s doing. Good show Satyam!
