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Greece to hold new election, jolts euro markets – Asian markets in deep RED

Posted on: May 16th, 2012 and is filed under Market News.

Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect leftists opposed to the terms of an EU bailout could sweep to victory and nudge the euro zone crisis into a dangerous new phase. The turmoil in Athens sent waves around other troubled …

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Retail activity in market falls to multi-year low

Posted on: May 16th, 2012 and is filed under Market News.

Participation of retail investors in the stock market has slumped to a seven-year low, as poor returns in the last four to five years have sapped the appetite for equities. Average daily turnover of retail and wealthy individual investors in the equity cash segment of the Bombay Stock Ex…

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JVL Agro Industries

Posted on: May 14th, 2012 and is filed under Penny Stocks.

JVL Agro Industries Limited(ISO 9001-2000), formally known as Jhunjhunwala Vanaspati Limited, incorporated in the year 1989, manufactures hydrogenated vegetable oil (Vanaspati Ghee) and refined oils, at its manufacturing facility in Varanasi, Uttar Pradesh located in …

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Nervousness returns to the Street

Posted on: May 11th, 2012 and is filed under Market News.

Euro zone concerns, weak rupee and policy inaction weigh on investors’ sentiments With the benchmark indices declining more than 10 per cent from the highs reached in February, a December-like pessimism seems to have returned to the markets. As in late 2011, a fall in global risk…

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Asian shares hit by weak China data, Europe jitters

Posted on: May 10th, 2012 and is filed under Market News.

Asian shares fell on Thursday, as a weak Chinese trade data stoked fears of a growth slowdown, further undermining risk appetites already reduced by worries about the health of Spanish banks and deepening political chaos in Greece. MSCI’s broadest index of Asia-Pacific shares outsi…

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Rupee ends at all-time low of 53.84 vs dollar

Posted on: May 10th, 2012 and is filed under Market News.

Forex software companies like FXCM, had to adjust for the heightened volatility of the market After poll results in Greece and France there has been a sustained demand for US currency The rupee today closed at all-time low of 53.84 losing a hefty 72 …

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Greek crisis drags euro, stocks, oil lower

Posted on: May 9th, 2012 and is filed under Market News.

Dow sheds 0.6% to close at 12,932, S&P500, Nasdaq down 0.4% each. Euro stocks lose almost 2% The euro, oil and stocks fell on Tuesday as worries intensified that Greece could reject the bailout that saved it from a chaotic bankruptcy as new leadership sought to form a government tw…

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GAAR provisions to be applicable from 2013: FM – Nifty recovers

Posted on: May 7th, 2012 and is filed under Market News.

As foreign investors look forward to reassurance from Pranab Mukherjee on the pending General Anti-Avoidance Rules (GAAR), it is deferred by a year. The Finance Minister has said today that GAAR provisions will be applicable only from April 2013, reports CNBC-TV18. Mukherjee said that th…

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Wall Street posts worst week of 2012 as job growth slows

Posted on: May 5th, 2012 and is filed under Market News.

By Edward Krudy NEW YORK (Reuters) – Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world’s top economy raised the biggest question mark yet about the prospects for U.S. growth. Employers reduced hiring for t…

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Asian shares fall after data, ECB disappoint – Nifty below 5100

Posted on: May 4th, 2012 and is filed under Market News.

Asian shares fell for a second successive day on Friday as another batch of lacklustre US data stoked concerns that the recovery in the world’s biggest economy is faltering. The euro was steady after a bumpy session on Thursday, when European Central Bank chief Mario Draghi gave a …

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