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American markets in red on Monday morning

The US Stock markets are in the red this morning. NASDAQ is down by about 12.1 points while Dow Jones Industrial Average is down 87.85 points.

The advancing stocks list of NASDAQ includes Vanda Pharmaceuticals Inc. (VNDA), Scopus Video Networks Ltd. (SCOP), INX Inc. (INXI), Albany Molecular Research, Inc. (AMRI) and STEC, Inc. (STERC)

Vanda zoomed by 26.84% with a volume of 1,790,789 shares traded (As of 5/5/2008 12:06:55 PM). The biopharmaceutical company recently reported a narrower than expected Q1 losses. The upside moved today is after news broke out that analysts are expecting Vanda’s schizophrenia drug Fanapta to win FDA approval. The decision of FDA is expected to come out in July.

1 U.S. dollar = 105.11931 Japanese yen
1 U.S. dollar = 0.6472073 Euros

Add commentMay 5th, 2008

Indian stock markets close Monday in red

The Indian stock markets closed their monday in the red after having a good session in the first half of the day. The trend however revered post 12:00. The Nifty finally closed at 5192.25. CNX IT closed down by 1.48% while Bank Nifty closed down 0.26%. BSE Sensex closed down 0.62% while Midcap and Smallcap indices closed in the green. PSU, Realty, Health Care and Metal sectoral indices closed in red while FMCG, Bankex, Oil & Gas, Consumer Goods, Power, IT and Auto closed in the red.

Top gainers on the Nifty today include Zee Limited, Unitech, Cairn, Cipla, Siemens, Tata Steel, Dr. Reddy, ACC, Suzlon and Grasim. The losers pack included Hero Honda, Idea, HCL Tech, Wipro, SBI, HDFC, DLF, Tata Power, Punjab National Bank and M&M

Add commentMay 5th, 2008