Stock Markets

BSE Sensex Gains 397 Pts; Nifty Up By 100 Pts

The 30-share index, BSE Sensex continued to trade strong on the back of BSE Sensex Gains 397 Pts; Nifty Up By 100 Ptsstrong worldwide markets, a sharp decline in crude oil rates and short-covering ahead of July series derivatives expiry.

All these positive signals helped several front line stocks to record handsome gains.

The stocks, which were beaten down after the central bank announced a rate hike got well to lead the rally.

At 12:37 pm, Sensex has gained 397.63 points at 14,189. 7, while the broad-based Nifty stood at 4290.40, up 100.55 points.


Philippine stocks rise 2.28 per cent

Manila - Philippine share prices surged 2.28 per cent on Wednesday on the back of Wall Street's overnight gains and prospects of lower oil prices.

The 30-share composite index of the Philippine Stock Exchange gained 57.79 points to close at 2,583.83, from Tuesday's finish of 2,526.04.

A total of 1.925 billion shares worth 2.806 billion pesos (63.484 million dollars) were traded.

Gainers led losers 88 to 17, while 47 issues were unchanged.

Traders said investors cheered the Dow Jones' surge of more than 2 per cent following a decline in oil prices, which have fallen 25 dollars per barrel since crudes hit a record high on July 11. (dpa)


Tokyo stocks open higher on Wall Street's rises, weaker yen

Tokyo stocks open higher on Wall Street's rises, weaker yen Tokyo - Tokyo stocks opened higher Wednesday on Wall Street's overnight rebound and a weaker yen.

The Nikkei 225 Stock Average rose 156.26 points, or 1.19 per cent, to 13,315.71.

The broader Topix index of all first-section issues was also up 13.13 points, or 1.02 per cent, to 1,294.77.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 108.06-09 yen, up from Tuesday's 5 pm quote of 107.55-58 yen. A weaker yen helps boost Japanese firms' earnings overseas.


Sensex Ends Lower By 557 Pts, Nifty Down By 142

Indian equities fell over 550 points, on Tuesday (July 29), because of CRR Sensex Ends Lower By 557 Pts, Nifty Down By 142 and Repo rate hike, hopeless worldwide signals and heavy selling action across the board.

The Reserve Bank of India (RBI) has raised the CRR (Cash Reserve Ratio) by 25 basis points to 9%. On the other hand, Repo rate has also been augmented by 50 basis points from 8.50% earlier.

However the Bank Rate kept unchanged.

After opening negatively (Tuesday, July 29) at 14,085.53, the 30-share Index slipped further on account of CRR and Repo rate hike news.


US stocks surge as oil drops, steel earnings surge

US stocks surge as oil drops, steel earnings surgeNew York - Major US stock indices rallied on Tuesday, led by surging steel profits, lower oil prices and a jump in financial stocks despite some worrying new housing data.

US Steel Corp, the second-largest US steel producer, climbed 14 per cent after more than doubling its profits in the second quarter of the year. An index of steelmakers jumped by the most since 2002, according to Bloomberg financial news.

Crude oil fell more than 2.50 dollars to 122.19 dollars per barrel in New York, part of a weeks-long drop since topping 140 dollars per barrel in early July.


US stocks surge as oil drops, steel earnings surge

US stocks surge as oil drops, steel earnings surgeNew York  - Major US stock indices rallied on Tuesday, led by surging steel profits, lower oil prices and a jump in financial stocks despite some worrying new housing data.

US Steel Corp, the second-largest US steel producer, climbed 14 per cent after more than doubling its profits in the second quarter of the year. An index of steelmakers jumped by the most since 2002, according to Bloomberg financial news.

Crude oil fell more than 2.50 dollars to 122.19 dollars per barrel in New York, part of a weeks-long drop since topping 140 dollars per barrel in early July.


India's Sensex tanks 4.2 per cent

Stock MarketsNew Delhi - India's benchmark Sensex index tumbled 4.2 per cent in trading on Tuesday afternoon on heavy selling by funds and investors after the Federal Reserve Bank of India hiked its key interest rate.

The 30-share index lost 606.41 points and was trading at 13,742.70 points at mid-session soon after the RBI announced the hike in a quarterly review of the monetary policy.

Market analysts said weak global markets had a negative impact on trading in the domestic bourses.


Shares fall 2 per cent in Seoul

Stock MarketSeoul - Shares nosedived Tuesday on the Seoul stock exchange on renewed concerns over the US financial market and higher oil prices.

The benchmark Kospi index fell 31.09 points, or 2 per cent, to close at 1,567.20.

Declining issues outnumbered advancers 672 to 148.

The main index of the technology-heavy Kosdaq market fell 8.69 points to 535.36.

On currency markets, the US dollar was quoted at 1,008.80 Korean won, after 1,006 won on Monday. (dpa)


Sensex Tanks 400 Pts On CRR, Repo Hike

The 30-share Index, BSE Sensex lost over 400 points as the Reserve Bank Sensex Tanks 400 Pts On CRR, Repo Hikeof India (RBI) raised the CRR (Cash Reserve Ratio) by 25 basis points and Repo by 50 basis points.

At 11:59, Sensex stood at 13,907.92, down 441.19 points, while the broad-based NSE Nifty lost 103.45 points at 4228.65. It also touched a low of low of 13,903.69.

The overall market breadth was sharply negative as it experienced 886 progressions as against 1367 declinations.


Sensex Ends 74 Pts Higher; L&T Zooms 3.73%

Indian stock markets ended positively on Monday (July 28), led by Larsen & Sensex Ends 74 Pts Higher; L&T Zooms 3.73%Toubro, Tata Power and ACC.

The broad based Nifty’s increase was led by oil & gas, capital goods and consumer durable stocks. But, metal and power stocks went down.

On global front, the majority of the Asian stocks went up on Monday, however, European shares declined during the early trade.

Finally, the Sensex marked its closure at 14,349.11 after making a gain of 74.17 points. It also touched a high of 14,421.61 and a low of 14,219.38 during the day.


Tokyo stocks lose more than 2 per cent on Wall Street plunge

Japan Stock MarketTokyo - Stocks plunged more than 2 per cent in Tokyo Tuesday after Wall Street sharply fell overnight on renewed worries about the US financial market.

The Nikkei 225 Stock Average dropped 287.34 points, or 2.15 per cent, to 13,066.44.

The broader Topix index of all first-section issues was also down 30.42 points, or 2.24 per cent, to 1,270.37.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.43-46 yen, down from Monday's 5 pm quote of 107.73-76 yen.


US stocks plunge as IMF predicts continued financial turmoil

New YorkUS stock Market - Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no bottom" in sight to the US housing crisis.

The IMF stood by its prediction of 1-trillion-dollar combined losses in the financial sector stemming from the one-year-old credit crisis in the United States - more than double the writedowns reported to date by banks and mortgage lenders.


US stocks plunge as IMF predicts continued financial turmoil

US stocks plunge as IMF predicts continued financial turmoil New York - Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no bottom" in sight to the US housing crisis.

The IMF stood by its prediction of 1-trillion-dollar combined losses in the financial sector stemming from the one-year-old credit crisis in the United States - more than double the writedowns reported to date by banks and mortgage lenders.


Pakistan stocks plunge on chances of interest rate hike

Karachi  - Pakistani stocks nosedived 4.11 per cent Monday ahead of a central bank meeting that was expected to bring a jump in interest rates, traders said.

The benchmark KSE-100 Index of the Karachi Stock Exchange fell 453.68 points to close at 10,578.49.

The plunge was seen a day before the State Bank of Pakistan was forecast to lift its discount rate by 1 per cent to 1.5 per cent to fight inflation.

A rate hike could make investments in stocks less lucrative for investors compared with government-sponsored bonds.


Tokyo stocks open higher on Wall Street gains, weaker yen

Tokyo - Tokyo stocks open higher on Wall Street gains, weaker yen Tokyo stocks opened higher Monday on overnight gains in the US market and a weaker yen.

The Nikkei 225 Stock Average rose 71.07 points, or 0.53 per cent, to 13,405.83.

The broader Topix index of all first-section issues was also up 6.38 points, or 0.49 per cent, to 1,304.66.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.85-90 yen, up from Friday's 5 pm quote of 106.78-80 yen. A weaker yen helps boost Japanese companies' earnings overseas.


Stock Market Fate Depends On Credit Policy, Says Vishwas Agarwal

For the second successive week, Indian stock markets gained helped by Stock Market Fate Depends On Credit Policy, Says Vishwas Agarwallower than expected inflation numbers, encouraging worldwide signals and heavy buying action by funds.

The Sensex breached the mark of 15k during the week ended July 25, on the back of positive response.


Passive Trend In Stock Market Will Remain For Monday

The Sensex on Friday (July 25) closed the week at 14,274.94 after losing Passive Trend In Stock Market Will Remain For Monday 502.07 points, while the broad based Nifty ended at 4311.85 points, down 121.7 points.

Alex Mathew, head - research centre, Geojit Financial Services said, “Nifty closed lower at 4,311, on weak European and Asian markets. Our markets were moving higher by 18.8% in the last one weak, showing slightly over situation. Nifty will remain in a range of 4,123 (50 DMA). A major upward or downward trend will emerge only if Nifty breaches these levels.”


Indian Equities End 3% Lower On Credit, Earning Woes

Indian equities pared their gains, on Friday (July 25), because of renewed Indian Equities End 3% Lower On Credit, Earning Woesworries that credit market losses will expand and a decelerating worldwide economic system will diminish earnings.

Moreover, the stock markets fell following news of a bomb blast in outskirts of IT city Bangalore. At least two persons died and 20 people injured in eight blasts, which hit Bangalore’s central business area and other crowded regions.


US stocks climb on better-than-expected economic data

US stocks climb on better-than-expected economic data New York - Major US stock indices rose Friday on the back of some better-than-expected economic data, giving investors hope that a nationwide slowdown in growth may be slowly coming to an end.

The Commerce Department reported that durable goods orders rose 0.8 per cent in June, marking the first consecutive monthly rise since July of last year. Economists had expected a 0.3-per-cent decline.


US stocks climb on better-than-expected economic data

US stocks climb on better-than-expected economic dataNew York - Major US stock indices rose Friday on the back of some better-than-expected economic data, giving investors hope that a nationwide slowdown in growth may be slowly coming to an end.

The Commerce Department reported that durable goods orders rose 0.8 per cent in June, marking the first consecutive monthly rise since July of last year. Economists had expected a 0.3-per-cent decline.


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