Posts filed under 'Global Markets'
The US Stock markets closed in red with NASDAQ slipping 3.54%. S&P 500 is down 0.53% as feds begin to become partial owners of banks they are helping with the bailout. Meanwhile, the Asian markets are cooling after yesterday rallies.
Intel has beat market expectation by reporting a profit rise by 12%. The stock however closed down 6.24%. Domino’s Pizza, Inc. (down by 25.5%) and EnergySolutions, Inc. (down 44.38) are other top losing stocks.
Straits Times, Hang Seng and the Seoul Composite are down over 2.2%. The overall global financial picture however looks bleak as Asian stocks are falling on global recession fears. The South Korean Government has stepping to rescue its banks are its currency Won had a jump.
1 U.S. dollar = 47.6689 Indian Rupees
1 U.S. dollar = 101.8641 Japanese Yens
1 U.S. dollar = 0.7350 Euros
1 Ounce Gold = $840.80
October 15th, 2008
Good words from Governments from round the world have helped the stock markets to surge into the green territory with confidence. Nikkei hits its sharpest single day upward move.
All Asia Pacific markets except for the Shanghai Composite have closed the day in the green. Nikkei is up over 14%, the sharp uptrend being considered a record sort of in its history. Jakarta Composite and Seoul Composite are the other two block buster markets of the day from the Asia region. The National Stock Exchange of India had a great opening but had a roller coaster ride downwards only to close in the green by 0.80%. CNX IT stocks are up 4.62% today.
The European markets too continued their momentum for the second day. DAX closed up 217 points or 4.29% while CAC 40 is up 181.60 points or 5.14%
The US markets opened their in the green too. The NASDAQ though is down about a percentage point. The 10 year bond is at 4.0090% up by 0.1480. Energy, Finance and Health care sectors are upwards while Technology, Basic metals and Transportation looking downwards.
1 U.S. dollar = 47.7691 Indian Rupees
1 U.S. dollar = 102.5851 Japanese Yens
1 U.S. dollar = 0.7278 Euros
1 Ounce Gold = $832.40
October 14th, 2008
Monday, September 22, 2008 8:16:19 AM IST
The Asian markets continued their party after positive news continued to flow about the US rescue plan for its economic and financial institutions. Shanghai Composite is up 6.86% today.
Other leading markets today include All Ordinaries, (up 3.63%), Jakarta Composite, NZSE 50 (both up over 2%), Nikkei 225 and Taiwan Weighted (both up over 1%) and Hang Seng and Seoul Composite (marginally in the green).
The KLSE Composite and Bombay Stock Exchange are yet to open for the day.
1 U.S. dollar = 45.4194 Indian Rupees
1 U.S. dollar = 106.5530 Japanese Yens
1 U.S. dollar = 0.6908 Euros
1 Ounce Gold = $866.50
1 Barrel Crude Oil = $104.80
September 22nd, 2008
Wednesday, September 17, 2008 8:02:18 AM IST
Thanks to the Fed’s AIG rescue plan, the Asian markets are largely in the green after heavy selling in the last two sessions. The Federal Reserve Bank of New York will lend up to $85 billion to AIG in a plan aimed at saving the insurer from a “disorderly failure” that could wreak economic havoc.
Most of the Asian markets saw mode selling pressue yesterday compared to the day before considering that the stock exchanges are closed when the news of the Lehman Brothers going bust has come out. Another news to cheer is that Barclays has come forward to buy some of the Lehman assets for $1.75 billion.
The All Ordinaries is marginally in the green. The Gang Seng is up 347.13 points or 1.90%. The Jakarta Composite, Nikkei 225, NZSE, Seoul Composite and Taiwan Weighted are all in the green. Straits Times is down 0.86%.
1 U.S. dollar = 46.8099 Indian Rupees
1 U.S. dollar = 105.7305 Japanese Yens
1 U.S. dollar = 0.7071 Euros
1 Ounce Gold = $782.00
1 Barrel Crude Oil = $94.35
September 17th, 2008
Tuesday, September 02, 2008 12:43:02 PM IST
The stock marched towards new highs of the day with good buying interest in Banking counters with Kotak Mahindra Bank, SBI, ICICI, PNB being the hot picks.
The NSE Nifty zoomed upwards in the last hour of trade. The index is now at 4413.05 up by 1.48%. Bank Nifty is up 2.63% while CNX IT is up 1.09%. CNX 100 is up 1.49% while CNX 500 is up 1.55%
Top Nifty gainers include BPCL, ONGC (both up over 5%), SBI ICICI Bank, Unitech (all up over 3%), PNB, Reliance Infra, Tata Communications, Tata Power and L&T (all up over 2%). Other prominent gainers so far on the the NSE are Kotak Bank, HDIL, IOB, JP Associates, Vijaya Bank, Bank of India, Union Bank, PFC, IDBI and LIC Housing Finance.
On the downside are Ranbaxy. The script became even more weaker during the last hour and is trading at 464 levels down by 7%. Cairn, Tata Motors, Cipla and Satyam are in the red. Amongst Jr Nifty scripts on the downside are MPhasis, Chennai Petrol, Aventis, Autobindo Pharma, Cummins and IFlex. All the scripts are marginally in the red.
The BSE Sensex is up 203 points and is at 14,702.13 levels. Midcap stocks gained significantly during the last hour of trade. BSE Midcap Index is up 1.12%. The BSE Smallcap Index is holding in the green and is up 0.93%.
Sectoral Indices that are gaining are Bankex, PSU, Realty, Power while Health care and Consumer Durables are still in the red.
Crude oil is now at the sub-$110 levels and the global markets with the Asian markets to start with are largely in the green. Many countries including India that are heavily hit by the crude oil upsurge began to cool off.
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 107.9913 Japanese Yens
1 U.S. dollar = 0.6852 Euros
1 Ounce Gold = $806.80
1 Barrel Crude Oil = $108.74
September 2nd, 2008
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