Wednesday, September 12, 2012

Downtrend of Siemens India NSE Stocks

The July IIP data did not meet market expectations, but surprisingly it did not affect trading sentiments. At 11.51 a.m. (12 September), sensex was perched at 17,941.31, up 88.36 points and nifty at 5,411.35 up 21.35 points. But positive market sentiments have not favored Siemens India NSE stocks. For every downtrend, there is a reason behind in addition to market volatility. Against the backdrop of the uptrend indices, why Siemens India NSE stocks fell was because of the German conglomerate selling a 1.2 percent stake in a deal that could raise for it an amount of up to $ 50 million.

At 12.35 pm, the stock price fell by 2.79 percent or down Rs. 19.50, i.e. it was perched at Rs. 678.50. Whether the price of Siemens India NSE stocks will further fall or rise all depends on the investors buying and selling them during the trading hours throughout the day

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