Archive for October, 2008
The US stock markets took a remarkable recovery course in the last two hours of trades only to close mixed. The Asian markets are continuing on the selling pressure on Friday morning trades.
Former Federal Reserve Chairman Alan Greenspan told Congress that he is shocked at the breakdown of the American credit system. Microsoft has announced a better than expected quarter. Energy, Utilities are the favorite stocks while Basic Materials, Conglomerates, Cons. Cyclical and Technology closed in the red.
Dow closed at 8,691.25 gaining 172.04 points or 2.02%. The Nasdaq closed at 1,603.91 down 11.84 points or 0.73%. The S&P 500 closed in the positive at 908.11 by 11.33 points or 1.26%.
The Asian markets are continuing their selling stand. Sony has put up a profit warning while the outlook of most Asian corporates is that a downward slide looks inevitable.
Nikkei 225 at one point is down over 5% but recovered a bit and is down at 4.89% at the moment. Seoul Composite is down over 5.4%. Hang Seng and Jakarta Composite markets are also down in the red.
1 U.S. Dollar = 49.4095 Indian Rupees
1 U.S. Dollar = 0.7738 Euros
1 U.S. Dollar = 0.7738 GBP
1 Ounce Gold = $713.10
1 Barrel Crude Oil = $68.50
Friday, October 24, 2008 8:22:22 AM IST
October 24th, 2008
Yet another day of heavy selling in the Asian and the European markets with almost all major stock indices closing in the red. The Seoul Composite fell 7.48%. FTSE is down little over 1.3%
Asian markets have experience selling spree giving a sense that the investors are going out of the markets for a while. The Asian stocks have reported a 4 year low today with central banks across the region promising to pump in more cash for liquidity.
The Seoul Composite closed down 7.48%. The All Ordinaries fell 180 odd points to close down 4.39%. The Straits Times fell 75.46 points and closed down 4.14%. Other leading losers in the Asian region include BSE 30, Jakarta Composite, NZSE 50 and Hang Seng, all of which are down over 3% each.
The Indian Finance Minister said that SEBI has told FIIs not to lend stocks abroad.
Meanwhile the European region too is witnessing the selling rally. The Madrid General is down 4.79% and DAX and OSE All Share are down over 3%. The markets are witness more down turn as trade volumes begin to increase.
Wolseley said it would be cutting 3000 jobs. Retail sails are reporting to have been hit. The Pound is near the 5 year low mark.
1 U.S. dollar = 0.614779294 British pounds
1 U.S. dollar = 0.77960552 Euros
1 U.S. dollar = 49.4804 Indian Rupees
1 Ounce Gold = $705.30
1 Barrel Crude Oil = $67.73
Thursday, October 23, 2008 4:26:55 PM IST
October 23rd, 2008
Scheme Name
Tata Fixed Investment Plan 3 Scheme A Regular Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
14-Oct-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
23-Oct-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 0.50% if redeemed before maturity. Nil on Maturity
Offer Price (Rs.)
10/-
Minimum Subscription Amount
10,000
October 23rd, 2008
Scheme Name
Tata Fixed Investment Plan 3 Scheme A Institutional Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
14-Oct-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
23-Oct-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 0.50% if redeemed before maturity. Nil on Maturity
Offer Price (Rs.)
10/-
Minimum Subscription Amount
1,00,00,000
October 23rd, 2008
Scheme Name
Reliance Fixed Horizon Fund XI Series 1
Objective of Scheme
The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of: - Central and State Government securities and Other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
23-Oct-2008
New Fund Earliest Closure Date
24-Oct-2008
New Fund Offer Closure Date
24-Oct-2008
Indicate Load Separately
Entry Load - Nil,Exit Load - 0.30% if redeemed before the maturity
Offer Price (Rs.)
Rs.10/- per unit.
Minimum Subscription Amount
Rs 5000 (Retail), Rs 25 Lakhs (Inst), Rs 1 Cr (Super Inst)
October 23rd, 2008
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