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Dow Plunges 250 as GM Skids to 58-Year Low- AP

Posted on: Friday, October 10th 2008 and is filed under Press Releases.

The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...

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Market meltdown: Stocks is a dirty word for retirees

Posted on: Thursday, October 9th 2008 and is filed under Market News.

ST CHARLES: This time around, John Abel was ready for the stock market crash. “Back in 2000 before the dot-com bubble burst, I listened to my financial advisor and lost $80,000,” said the 65-year-old retiree in his home in the western Chicago suburb of Saint Charles. “That destroyed...

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Hong Kong cuts key interest rate by 0.5 pc

Posted on: Thursday, October 9th 2008 and is filed under Press Releases.

HONG KONG: The Hong Kong Monetary Authority on Thursday cut its key interest rate by 50 basis points following similar moves by central banks across the world. The city’s de facto central bank made the move after announcing Wednesday it would change the formula for calculating its ...

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Markets shows signs of pull-back, Sensex above 11K

Posted on: Wednesday, October 8th 2008 and is filed under Market News.

MUMBAI: A brief halt of trade in market due to sun-outage brought some relief for the markets as benchmarks recovered from day’s low after witnessing frenzy of liquidating positions. At 12:31 pm, Bombay Stock Exchange’s Sensex was at 11,004.07, down 691.17 points or 5.91 per cent. The...

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Buy Punj Lloyd – Book profits at 235

Posted on: Wednesday, October 8th 2008 and is filed under short term calls.

Buy Punj Lloyd (CALL CLOSED) at current market price of 208 as on 08-10-08. If is currently quoting at cheap valuations and is a strong company fundamentally. One can see an upside of 10-15 % in the stock at these levels. Punj Lloyd, a globally diversified services and development specia...

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Tatas pick Gujarat for Nano

Posted on: Wednesday, October 8th 2008 and is filed under Press Releases.

Gandhinagar, Oct. 7 The Rs 1 lakh dream car ‘Nano’ of Mr Ratan Tata will now roll out from an integrated project near Sanand town in Ahmedabad district, from the same cattle farm for whose establishment during a severe famine in 1900 his great grandfather, Jamsetji Nusserwanji Tata, h...

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IT stocks at fresh 52 week lows

Posted on: Wednesday, October 8th 2008 and is filed under Stock News.

MUMBAI: IT stocks continued to languish and traded at fresh 52 week lows in the first hour of Wednesday’s trade. Infosys Technologies touched a 52-week low of Rs 1196, while TCS touched a 52-week low of Rs 516.95. ...

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Market cues: FIIs net sell $278 mn

Posted on: Wednesday, October 8th 2008 and is filed under Market News.

Global markets extend losses, US mkts down over 5%, Asia down 2-4% FIIs net sell USD 278 million in equity on October 6 , MFs net sell Rs 231 crore in equity on October 6 . NSE F&O Open Interest up by Rs 1,603 crore at Rs 67,115 crore ...

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GVK Power Futures Open Interest up 38%

Posted on: Wednesday, October 8th 2008 and is filed under Stock News.

Nifty Open Interest PCR stood at 0.80 versus 0.79. Nifty 3400-3600 Puts added 25 lakh shares in Open Interest. Nifty 3600-3800 Calls added 17 lakh shares in Open Interest. Stock futures added 1 crore shares in Open Interest. FIIs net bought Rs 188 crore in Nifty futures. Nifty futures add...

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Rupee falls to toward 6-year low early

Posted on: Wednesday, October 8th 2008 and is filed under Market News.

MUMBAI: The rupee fell towards a six-year low early on Wednesday as a sharp fall in Asian stocks intensified concerns about accelerated foreign fund withdrawals. At 9:03 a.m. (0333 GMT), the partially convertible rupee was at 48.28 per dollar, its lowest since Dec. 2, 2002. On Tuesday, it...

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