• Adrian Simpson, United States says, "If you are looking for a fair deal on medical supplies, IDM is something I would seriously recommend. Am hooked for life."
  • Craig, United States says, "Seemed easy to purchase, reasonable prices. Good customer service when I used it."
  • Brian Pavey, United States says, "IDM makes online shopping a pleasure. Shopping is so simple that you just breeze through it."
  • Harry Mason, United States says, "I have to admit am a bit of a lazy bloke when it comes to ordering online .And IDM pampers me to the hit as it's so simple to order."
  • John Hanks, United States says, "I was a sceptic until my first order. After, I received my first package, I turned believer. Now, it’s been 3 years since I have been ordering from IDM."
  • Natalie Wallace, United States says, "I was apprehensive about how my doubts would be addressed but what the heck,I went ahead and placed my order. Customer service was patient and helped me out."
  • Mark Penning, United States says, "Happy I got my package just in time for my vacation. Needless to say, it made my holiday a wonderfully satisfying experience."
  • Ask our pharmacist, if you have any questions related to your medications
    Click to find International Shipping charges at our pharmacy.
    Shop & Earn @ InternationalDrugMart
    Easy and secure shopping @ InternationalDrugMart.com.
    Get your instant Coupon now!
    You can find the latest happening of our pharmacy
    Follow us on Twitter

      Profit booking takes toll

      Posted AtMarkets & Investing

      Profit booking in index heavyweights Reliance Industries, Hindustan Lever, State Bank of India, and Oil and Natural Gas Corporation led to the key indices ending down on Thursday.

      The Sensex and Nifty had scaled new highs early in the day, with the former topping the psychological-important 7900 mark. Videsh Sanchar Nigam Ltd, up 3 per cent, was the top Nifty gainer.

      The BSE Sensex closed at 7811.33, down 48.20 points from previous days close. The National Stock Exchanges 50-share Nifty fell 14.70 points or 0.6 per cent to close at 2388.45. Intra-day the Sensex touched a record high of 7921.39. The low was 7791.91.

      The Nifty hit a record high of 2426.65, while the low was 2380.70. On the BSE, the declines outnumbered advances 1613:978. Across all groups, declines were over 50 per cent. The combined traded volume of both the exchanges was around Rs 10,400 crore.

      However, dealers said the loss of over 100 points in the Sensex was no major cause for worry and that it was just a minor correction after two successive sessions of gains.

      The decline should be seen only as a technical correction and hence is not anything to worry about, said Praveen Mallik, vice-president, Rolta Sh said Praveen Mallik, vice-president, Rolta Shares.
      negative factors, and we expect this trend to continue, Mallik said.

      But some amount of volatility is expected ahead of the August futures contract expiry August 25. Mahindra and Mahindra ended 1 per cent higher at Rs 700, with foreign funds being allowed by RBI to acquire up to 49 per cent equity in the company through open market operations. The stock had touched a high of Rs 741.90 earlier in the day.

      Most cement shares ended firm while oil and metal shares ended down. Laggards in the Nifty included GlaxoSmithKline Pharmaceuticals, Tata Chemicals, HCL Technologies and Sun Pharmaceutical, each down 2%.

      In key events, Tata Motors announced the acquisition of UK-based INCAT International for 53.4 million pounds in an all-cash deal. But the stock ended 0.28 per cent down at Rs 492.95.

      The CNX Midcap Index closed at 3640.65, down 18.15 points or 0.5 per cent. Intra-day the index recorded a new high of 3698.25, while the low for the day was 3635.85.

      Gammon India, Indian Rayon and Industries, and Goodlass Nerolac Paints were among the top mid-cap gainers, up over 5 per cent each. Sesa Goa, IndusInd Bank and Sundaram Fasteners featured among laggards, down 4 per cent each.

      August 18, 2005


      Share this Article!

    Back to top^