Breaking News & Stocks

neomustdie · #**671** 3rd March 2008, 06:51 AM

nikkei and hang shen down drastically by -488 and -260 respectively.... expect a weak / low volume market today.... considering the daily market movements are influenced by their Asian and American counterparts....

pranayk · #**672** 3rd March 2008, 07:56 AM

*Hong Kong's Hang Seng Index Opens Significantly Lower; Currently Down 852 Points, Or 3.5%, To 23479

*Japan's Nikkei Index Opens Significantly Lower; Currently Down 546Points, Or 4.01%, 13057

Expeted indian market to open gap down

Good opportunity to buy paper stock(shirpur, navneet), bank & financial stock (pnb, andhra , ifci) in their dip.

rakeshmalik · #**673** 3rd March 2008, 08:04 AM

surely ,hope so . it seem afternoon will be good for our stock market.shaghai is back in green.hope for good...........

rakeshmalik · #**674** 3rd March 2008, 08:07 AM

shirpur, navneet, pnb, andhra , ifci all are v good stocks .but time is not apropriate for buying option.

pranayk · #**675** 3rd March 2008, 08:32 AM

HANG SENG 03-Mar-08 23624.62 -707.05 -2.91
NIKKEI 225 03-Mar-08 13057.09 -545.93 -4.01
STRAITS TIMES 03-Mar-08 2936.51 -89.94 -2.97
SEOUL COMPOSITE 03-Mar-08 1664.90 -46.72 -2.73

Asian markets are very down, Indian market will surely be affected
But let the budget should have some positive effect on the market
the market may recover some strength during the afternoon session.

rakeshmalik · #**676** 3rd March 2008, 08:33 AM

Consumers willing to buy even inferior cotton at any price
SHAFI AHMED SYED
KARACHI (March 03 2008): There was nothing strange in return of cotton consumers to lift all available cotton lots as spectre of price hike swept the four corners of the world during the week ended March 1, 2008. Spot price during the week jumped another Rs 25 to be at Rs 3200. Some fluctuations were noted, a deal was struck at Rs 3500.

rakeshmalik · #**677** 3rd March 2008, 10:24 AM

Japan's Nikkei sinks 4 pct on weak dlr, US worries
Sun Mar 2, 2008 .......................TOKYO, March 3 (Reuters) - Japan's Nikkei average fell 4 percent on Monday, with exporters such as Honda Motor Co Ltd hurt after the dollar touched a three-year low against the yen on growing fears of a U.S. recession.

Shares of Japanese consumer lender Takefuji Corp skidded 5.6 percent to 2,515 yen after the firm said it may post a loss of up to 30 billion yen ($290 million) on a structured finance transaction that has been hit by the global credit crisis. [ID:nT140738]

Other financial stocks also took a beating on credit worries.

The benchmark Nikkei average .N225 ended the morning session down 545.93 points at 13,057.09 after hitting its lowest level since Feb. 12.

The broader TOPIX index was down 3.9 percent or 50.97 points at 1,273.31.

rakeshmalik · #**678** 3rd March 2008, 10:49 AM

market looks better in asia.

rakeshmalik · #**679** 3rd March 2008, 02:47 PM

ICICI to open three more branches in UK

London, Mar 03: ICICI Bank, India's largest private sector bank, plans to open three more branches in the UK in the next six months and consolidate its global operations.

"We opened two branches during the last one week – one in Frankfurt in Germany and another in New York on Saturday and we plan to consolidate our international operations now," bank's Executive Director Sonjoy Chatterjee said.

The bank currently has nine branches in the UK and presence in 18 other countries including Russia and Canada.

"We will have another three branches in the UK in the next six months," he said.

The bank also has an offshore banking unit in Singapore, an advisory branch in Dubai, branches in Bahrain, Sri Lanka, Hong Kong, Belgium, Qatar, and representative offices in China, UAE, Bangladesh, South Africa, Indonesia, Thailand and Malaysia.

The Mumbai-based bank has consolidated total assets of about USD 115 billion as on December 31, 2007.

Bureau Report

rakeshmalik · #**680** 3rd March 2008, 02:53 PM

Rupee weakens to 5½ month low

Mumbai, Mar 03: The rupee fell to its weakest in about 5½ months on Monday on concerns that the fall in Asian stock markets would see foreign funds sell local equity investments and repatriate the funds.

At 12:20 pm, the rupee traded at 40.295/305 per US dollar, the lowest since September 19, 2007. It ended at 40.01/02 on Friday.

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