Standard Chartered Bank is "evaluating" the option of selling shares in India, Neeraj Swaroop, regional chief executive, India & South Asia said on Tuesday.
"We have not made a decision yet. It will depend on many factors, including market conditions, our need for capital and the terms and conditions for the issue," he said.
This is the first time any top foreign banker has come on record on the desire to sell shares locally, though StanChart was always the most likely candidatebecause of its large, very profitable presence in the country.
Tokyo - The Tokyo market extended losses Wednesday after Wall Street declined overnight and concerns over domestic politics spread.
The benchmark Nikkei 225 Stock Average edged down 59.55 points, or 0.82 per cent, to 7,170.17.
The broader Topix index of all first section issues was also down 6.92 points, or 0.95 per cent, to 719.88.
The market sentiment remained pessimistic after the US Dow Jones industrial average extended its losing streak to a fifth market day on persistent economic worries.
Washington, March 3: An American business expert at the University of Illinois thinks that it is not correct to put stock in suggestions that financial markets are a faulty barometer of the nation's economic climate.
Professor David Ikenberry admits that day-to-day ups and downs can be misleading, but insists that broader stock market trends are a good indicator of how the economy is faring and whether it's on the rise or sputtering.
The Bombay Stock Exchange sensitive index, which opened at 8,583.06 today (March 03), declined further to 8,535.08 after hitting high of 8,619.09 and a low of 8,531.40 at 10:10 a.m.
Meanwhile the broad based Nifty lost 13.35 points at 2,661.10 after touching a high of 2,679.10 and a low of 2,654.35.
Indian equities belled the day negatively on funds selling, tracking weak global signals. There was heavy selling across Banking and Consumer Durables stocks.
In the meantime, Auto stocks also saw marginal buying activity.
Wellington - The New Zeal
Tokyo - The Tokyo market extended losses Wednesday after Wall Street declined overnight and concerns over domestic politics spread.
Amidst volatility, Indian equities were trading on a flat note this afternoon. 
Washington, March 3: An American business expert at the University of Illinois thinks that it is not correct to put stock in suggestions that financial markets are a faulty barometer of the nation's economic climate.
The Bombay Stock Exchange sensitive index, which opened at 8,583.06 today (March 03), declined further to 8,535.08 after hitting high of 8,619.09 and a low of 8,531.40 at 10:10 a.m.
