| Key benchmark indices, on Friday, edged lower after paring some of intra-day losses reacting to the earthquake and tsunami waves in Japan, even as the sentiment was already affected by tensions of Middle East and North Africa followed by weak US ecomonic data. | |
| Eleven out of 13 sectoral indices on the BSE edged lower, while key indices slipped into red after an intraday recovery pushed in the market into the green for a brief period. Volatility ruled the roost as the market once again faltered as reports of powerful earthquake in Japan. Back home, investors largely ignored the better-than-expected industrial production figures (IIP data) unveiled by the Government at the Centre this afternoon as continuing turmoil in Libya and high crude oil prices weighed on the market sentiment. The popular Sensex at BSE was down 153.89 points or 0.84 per cent to close at 18,174.09. It lost 264.69 points at the day’s low and rose 40.45 points at the day’s high. The 50-unit S&P CNX Nifty was down 48.95 points or 0.89 per cent to settle at 5,445.45 in the day’s closing. The Nifty hit a high of 5,502.70 and low of 5,411.55 during the day. Broader indices wise, the BSE Mid-Cap index fell 1.07 per cent and the BSE Small-Cap index declined 1.12 per cent. Deven Choksey of KR Choksey Securities views that the crisis may not have a direct impact on Indian economy and business. However, the Japanese crisis may have a far reaching effect on Indian auto components company. “Commodities may get affected as crude prices will come down.” The market breadth, indicating overall health of the market, was weak — after swinging between positive and negative zone earlier — with as many as 1958 shares on BSE declined while 935 shares gained and a total of 115 shares remained unchanged. The total turnover on BSE amounted to Rs 3241 crore, higher than Rs 2996 crore on Thursday, 10 March 2011. source;http://www.deccanherald.com/content/144899/japan-quake-jolts-mood-markets.html | |
Showing posts with label Earthquake in japan. Show all posts
Showing posts with label Earthquake in japan. Show all posts
At least 200 people have been killed in a massive earthquake in Japan that also triggered a devastating tsunami. The quake - the most powerful to hit Japan in at least 100 years - caused massive damage and many people are missing and feared dead.
Video images from coastal areas struck by the tsunami showed widespread inundation as mud waves carried tons of debris over farmland in Sendai, the capital of Miyagi prefecture. Large-scale damage could be seen in various locations along the coast. In Chiba prefecture, a massive oil refinery fire has broken out.
Video clip: Japan earthquake
The powerful quake struck Friday about 125 kilometers off Japan's eastern coast, at a depth of 10 kilometers.
Addressing the nation, Japanese Prime Minister Naoto Kan said the government would do anything it can to minimize the effects of the disaster.
Kan says he has created an office to deal with the disaster and maintain safety. He says the government will work to reduce the amount of damage to the smallest amount possible.
More than four million homes remain without power. Nuclear power stations, of which there are three in the region, either continued operating or were automatically shut down. Tokyo Electric Power said no radiation leaks were immediately detected.
The quake disrupted transportation across a large part of Japan. Trains automatically stopped, expressways were closed and flights halted.
Japan Rail has suspended all train services in the Tokyo region for the remainder of Friday. Hundreds of thousands of people are stranded in the city or have faced a long walk home.
In Tokyo, hundreds of kilometers away, buildings shook violently and items fell from shelves. The roof of at least one building collapsed.
Piere Manea, a student in Tokyo, ran out of his university dormitory when the quake struck.
"We were in the university building and it was quite strong, so after a few seconds we decided to go down. We were on the fifth floor and it was really strong," Manea said.
The powerful quake struck Friday about 125 kilometers off Japan's eastern coast, at a depth of 10 kilometers.
Addressing the nation, Japanese Prime Minister Naoto Kan said the government would do anything it can to minimize the effects of the disaster.
Kan says he has created an office to deal with the disaster and maintain safety. He says the government will work to reduce the amount of damage to the smallest amount possible.
More than four million homes remain without power. Nuclear power stations, of which there are three in the region, either continued operating or were automatically shut down. Tokyo Electric Power said no radiation leaks were immediately detected.
The quake disrupted transportation across a large part of Japan. Trains automatically stopped, expressways were closed and flights halted.
Japan Rail has suspended all train services in the Tokyo region for the remainder of Friday. Hundreds of thousands of people are stranded in the city or have faced a long walk home.
Video images from coastal areas struck by the tsunami showed widespread inundation as mud waves carried tons of debris over farmland in Sendai, the capital of Miyagi prefecture. Large-scale damage could be seen in various locations along the coast. In Chiba prefecture, a massive oil refinery fire has broken out.
Video clip: Japan earthquake
The powerful quake struck Friday about 125 kilometers off Japan's eastern coast, at a depth of 10 kilometers.
Addressing the nation, Japanese Prime Minister Naoto Kan said the government would do anything it can to minimize the effects of the disaster.
Kan says he has created an office to deal with the disaster and maintain safety. He says the government will work to reduce the amount of damage to the smallest amount possible.
More than four million homes remain without power. Nuclear power stations, of which there are three in the region, either continued operating or were automatically shut down. Tokyo Electric Power said no radiation leaks were immediately detected.
The quake disrupted transportation across a large part of Japan. Trains automatically stopped, expressways were closed and flights halted.
Japan Rail has suspended all train services in the Tokyo region for the remainder of Friday. Hundreds of thousands of people are stranded in the city or have faced a long walk home.
In Tokyo, hundreds of kilometers away, buildings shook violently and items fell from shelves. The roof of at least one building collapsed.
Piere Manea, a student in Tokyo, ran out of his university dormitory when the quake struck.
"We were in the university building and it was quite strong, so after a few seconds we decided to go down. We were on the fifth floor and it was really strong," Manea said.
The powerful quake struck Friday about 125 kilometers off Japan's eastern coast, at a depth of 10 kilometers.
Addressing the nation, Japanese Prime Minister Naoto Kan said the government would do anything it can to minimize the effects of the disaster.
Kan says he has created an office to deal with the disaster and maintain safety. He says the government will work to reduce the amount of damage to the smallest amount possible.
More than four million homes remain without power. Nuclear power stations, of which there are three in the region, either continued operating or were automatically shut down. Tokyo Electric Power said no radiation leaks were immediately detected.
The quake disrupted transportation across a large part of Japan. Trains automatically stopped, expressways were closed and flights halted.
Japan Rail has suspended all train services in the Tokyo region for the remainder of Friday. Hundreds of thousands of people are stranded in the city or have faced a long walk home.
Another day, another earthquake. Except the Magnitude 8.9 tremor off the coast of Honshu, Japan, will be a standout event for 2011 - perhaps not in terms of the eventual death toll it brings, but certainly in scale.
There are usually only one or two quakes of this size every year. And even for a country such as Japan, which is very familiar with seismic hazards, this is extraordinary. The history books show there have been seven quakes rated at 8.0 or greater since 1891 in Japan. And with big tremors come big aftershocks.
Following the initial 8.9 event at 1446 local time (0546 GMT), a sequence of major tremors was initiated - six of them within an hour-and-a-quarter that were all bigger than or all equal to last month's quake in Christchurch, New Zealand (6.3). The largest of the aftershocks was a 7.1.
Some of the early video footage to emerge from Japan was dramatic - city workers hanging on to their desks as everything rocked around them and buildings on fire being swept across farmland as tsunami waters washed inland.
The tectonics in this part of the world are, of course, well-understood. It is one of the most seismically active areas on Earth. The country accounts for about 20% of global quakes of Magnitude 6.0 or greater, and seismometers are recording some kind of event every five minutes, on average.
Japan lies on the infamous "Ring of Fire", the line of frequent quakes and volcanic eruptions that encircles virtually the entire Pacific Rim.
At this location, the dense rock making up the Pacific Ocean's floor is being pulled down underneath Japan as it moves westwards towards Eurasia. The epicentre was well out to sea - some 130km from the city of Sendai; but at a relatively shallow depth below the seabed - just 24km.
This clearly led to a fair degree of vertical upward movement in the bed as the resultant tsunami were soon hitting shorelines.
The US-run Pacific Tsunami Warning Center said amplitudes of up 7.3m were recorded on the coast of Japan. Even out in the deep ocean, the specialist tsunami warning buoys were recording wave amplitudes of a metre, which is considerable.
This means waves will reach out across the Pacific, towards the Philippines, Hawaii and perhaps even to be recorded on the North and South American landmass.
What is likely to interest seismologists will be the association with a number of very strong foreshocks in recent days.
These began on 9 March with a Magnitude 7.2 event just 40km from Friday's earthquake, and continued with a further three earthquakes greater than Magnitude 6 on the same day.
In terms of public awareness and reaction, these foreshocks could turn out to be quite important because they will have reminded people what they are supposed to do in a big quake to protect themselves.
Remember, the scale used to measure earthquakes is not a simple linear one.
Each step in magnitude equates to a 32 times jump in the release of energy. As a consequence, Friday's 8.9 event was some 250 times more energetic than anything seen on Wednesday this week; and about 1,400 times more energetic than the Great Hanshin, or Kobe, earthquake in 1995 (M 6.8).
refrence:-http://www.bbc.co.uk/news/science-environment-12710999
Earthquake and Tsunami NEAR THE EAST COAST OF HONSHU JAPAN
Strong earthquakes hit the Tohoku Region in the afternoon of March 11, triggering several meter high tsunami waves that caused massive destruction in areas along the Pacific coast of eastern Japan, especially in Miyagi, Iwate and Fukushima Prefectures.
The Japanese archipelago is located in an area where several continental and oceanic plates meet. This is the cause of frequent earthquakes and the presence of many volcanoes and hot springs across Japan. If earthquakes occur below or close to the ocean, they may trigger tidal waves (tsunami).
The earthquake itself caused scattered fires and destruction across the eastern Tohoku and eastern Kanto area, but there is no widespread damage in any major city as seen in Kobe in 1995. The tsunami, however, caused extensive damage in coastal areas along the Pacific coast of northeastern Japan.
Effect on transportation
Tokyo's Narita Airport was closed temporarily but can be expected to re-open in the near future. Tokyo's Haneda Airport was re-opened partially a few hours after the earthquake. Sendai Airport was hit by the tsunami and is likely to remain closed for some time to come.
Many shinkansen and train lines in Eastern Japan were stopped and remain out of service or have delays. It would not be surprising if some shinkansen lines in northeastern Japan remained out of service for a couple of days, especially the Tohoku Shinkansen. However, it does not seem that any shinkansen line suffered any major damage. The Tokaido Shinkansen between Tokyo and Osaka has already resumed operation.
Effect on trips to Japan
The effect on tourist activities (apart from short term transportation issues) is likely to be rather low. Among major tourist spots, Matsushima lies in the coastal area that got badly hit by tsunami, but no details about eventual damage are available yet. Central Sendai did not suffer widespread damage. There is currently no information on any other major tourist destination affected.
After shocks can be expected to continue for several days in the Tohoku Region.
Overall, however, there is little reason to change or cancel travel plans for Japan unless you were planning to visit the coastal areas of the eastern Tohoku Region.
Hawaii and Guam residents told to leave coastal areas
* Tsunami could wash over some Pacific islands - Red Cross (Adds Guam details, Red Cross warning)
By Suzanne Roig and Jorene Barut
HONOLULU, March 10 (Reuters) - Hawaii ordered evacuations from coastal areas due to the threat of a tidal wave set off by Friday's earthquake in Japan as a tsunami warning was extended to the whole of the Pacific basin, except mainland United States and Canada.
Authorities also ordered evacuation from low-lying areas on the U.S. island territory of Guam in the western Pacific, where residents there were urged to move at least 50 feet (15 meters) above sea level and 100 feet (30 meters) inland.
Tsunami Alert
Tsunami Alert for New Zealand, the Philippines, Indonesia, Papua New Guinea, Hawaii, and others. Waves expected over the next few hours, caused by 8.9 earthquake in Japan.
The Japanese archipelago is located in an area where several continental and oceanic plates meet. This is the cause of frequent earthquakes and the presence of many volcanoes and hot springs across Japan. If earthquakes occur below or close to the ocean, they may trigger tidal waves (tsunami).
The earthquake itself caused scattered fires and destruction across the eastern Tohoku and eastern Kanto area, but there is no widespread damage in any major city as seen in Kobe in 1995. The tsunami, however, caused extensive damage in coastal areas along the Pacific coast of northeastern Japan.
Effect on transportation
Tokyo's Narita Airport was closed temporarily but can be expected to re-open in the near future. Tokyo's Haneda Airport was re-opened partially a few hours after the earthquake. Sendai Airport was hit by the tsunami and is likely to remain closed for some time to come.
Many shinkansen and train lines in Eastern Japan were stopped and remain out of service or have delays. It would not be surprising if some shinkansen lines in northeastern Japan remained out of service for a couple of days, especially the Tohoku Shinkansen. However, it does not seem that any shinkansen line suffered any major damage. The Tokaido Shinkansen between Tokyo and Osaka has already resumed operation.
Effect on trips to Japan
The effect on tourist activities (apart from short term transportation issues) is likely to be rather low. Among major tourist spots, Matsushima lies in the coastal area that got badly hit by tsunami, but no details about eventual damage are available yet. Central Sendai did not suffer widespread damage. There is currently no information on any other major tourist destination affected.
After shocks can be expected to continue for several days in the Tohoku Region.
Overall, however, there is little reason to change or cancel travel plans for Japan unless you were planning to visit the coastal areas of the eastern Tohoku Region.
Hawaii and Guam residents told to leave coastal areas
* Tsunami could wash over some Pacific islands - Red Cross (Adds Guam details, Red Cross warning)
By Suzanne Roig and Jorene Barut
HONOLULU, March 10 (Reuters) - Hawaii ordered evacuations from coastal areas due to the threat of a tidal wave set off by Friday's earthquake in Japan as a tsunami warning was extended to the whole of the Pacific basin, except mainland United States and Canada.
Authorities also ordered evacuation from low-lying areas on the U.S. island territory of Guam in the western Pacific, where residents there were urged to move at least 50 feet (15 meters) above sea level and 100 feet (30 meters) inland.
Tsunami Alert
Tsunami Alert for New Zealand, the Philippines, Indonesia, Papua New Guinea, Hawaii, and others. Waves expected over the next few hours, caused by 8.9 earthquake in Japan.
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