Posts filed under 'Global Markets'
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
The US Stock markets closed the day in the red after more news of financial losses by companies, increase in wholesale inflation and news of oil prices rebounding. The Dow closed that day at 11,348.55 point down by 130.84 or -1.14%. The Nasdaq closed at 2,384.36 points, down by 32.62 or -1.35%. The S&P 500 closed the day at 1,266.68 and is down by 11.92 points or 0.93%.
The Financial sector is down 2.05% while the Transportation sector is down 2.04%. Other losing sectors are Conglomerates, Cons Cyclial, Services, Technology and Capital Goods. Gainers of the day include Energy, Basic Materials and Utilities.
Hewlett-Packard Co (HP) reported a market beating expecation numbers with a rise in its net profits by 14%.
Gold futures have started to gain as oil gets stronger and dollar gets weaker. Gold prices are seen lower in the Chinese and the Indian markets. The Indian gold imports are set to revive as the gold prices fell in recent times, says a leading financial website.
1 U.S. dollar = 43.5104207 Indian rupees
1 U.S. dollar = 109.661147 Japanese yen
1 U.S. dollar = 0.677690431 Euros
Crude Oil (CL) = $114.98
Gold = $815.50
August 20th, 2008
Wednesday, August 13, 2008 4:54:05 PM
Sans the Jakarta Composite, almost all major stock exchanges in Asia Pacific closed the day in red. Nikkei sliped by 2.11% to close at 13023.05. Recession fears and a shrinking Japanese economy are the reasons to blame. The other top losers in the region include All Ordinaries and the Hang Seng that slipped by over a percent in todays trade.
Drop in oil demands globally has given a sort of pause of the Oil prices. The US Oil usage according to its official numbers shows it all. The trend is clearly towards less of oil-inflation worries but more serious towards global economy slowdown.
1 U.S. dollar = 109.349371 Japanese yen
1 U.S. dollar = 0.670960816 Euros
1 U.S. dollar = 42.3298341 Indian rupees
August 13th, 2008
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