Indonesia earthquake updates 11 apr 2012, Tsunami in India, News for Indonesia earthquake, earthquake 2012, tsunami alerts in india, effect of earthquake on share market, share market trend for tomorrow 12 apr 2012, nifty range for tomorrow 12 apr 2012
An earthquake of 8.9 on Richter scale has struck Indonesia. Tremors were also felt in Kolkata, Chennai, Bangalore, Patna, Kochi, Thiruvananthapuram, Cuttack, Bhubaneshwar and several other cities on the eastern coast of India. India has also issued tsunami warning for coastal regions of Tamil Nadu, Andhra Pradesh, Andaman and Nicobar Islands following the earthquake.The province was devastated by a 2004 tsunami that left 170,000 dead or missing, and that in total killed about 230,000 people in 13 Indian Ocean nations.
EFFECT OF EARTHQUAKE & TSUNAMI ON INDIAN SHARE MARKET
The BSE Sensex slipped again after earthquake of 8.7 richter scale hit Aceh, Indonesia and tsunami warning has been issued in 28 countries. The BSE benchmark was down 99 points to 17,145 and the NSE benchmark fell 33 points to 5,210.55.
Shares of Tata Power and Adani Power, which have minings in Indonesia, dropped nearly 4%.
Reliance Industries, Bharti Airtel and BHEL tanked around 2%. Metals stocks like Jindal Steel and Sterlite Industries tanked 3% each. Tata Steel and Hindalco were down 1.5%.
INDIAN SHARE MARKET TREND FOR TOMORROW 12 Apr 2012
Share market trend for tomorrow will remain volatile and may behave edgy at some point of time. Nifty trend for tomorrow will also be very volatile. Traders and investors are adviced to trade with proper stoploss.