Stock Markets

Sensex Zooms 207 Pts; Bank, IT Stocks Shine

The 30-share index Sensex gained further ground as heavy buying action Sensex Zooms 207 Pts; Bank, IT Stocks Shine was witnessed across board.

BSE Midcap and Smallcap surged 0.93 % and 0.85% respectively.

At 1:57 p.m., the BSE Sensex, which had tumbled to 14,992.97 earlier in the day, gained 206.52 points at 15,280.06, while NSE Nifty stood at 4,577.45, up 59.90 points.

IT, banking and realty stocks, which turned a bit easy after a quite positive show earlier this morning, recovered strongly on account of good buying action.


Sensex Maintains Upward Journey; Up 112.47 Pts

Indian stock markets traded positive all through the day, on Wednesday Sensex Maintains Upward Journey; Up 112.47 Pts(August 6), gaining 159.17 points, during morning trade to touch a high of 15,422.82 but sank phenomenally by 349.28 points towards closing session.

Good buying activity was witnessed in sectors including Auto, Capital Goods and IT, whereas Healthcare, Realty and Power indices saw selling rally.

BSE Midcap gained 0.20%, whereas Smallcap index closed negatively after declining 0.68%.


Tokyo stocks open lower on profit-taking

Tokyo stocks open lower on profit-takingTokyo - Tokyo stocks opened lower Thursday as investors sold shares to lock in profits from previous day's gains.

The Nikkei 225 Stock Average, which gained more than 2 per cent the previous day, ended morning trading at 13,093.89, down 161 points, or 1.21 per cent.

The broader Topix index of all first-section issues was also down 19.89 points, or 1.56 per cent, at 1,257.38.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 109.47-52 yen, up from Wednesday 5 pm quote of 108.32-33 yen.


Taiwan Stock Exchange to change initials to avoid confusion

Taiwan Stock Exchange to change initials to avoid confusionTaipei - The Taiwan Stock Exchange Corp will change its initials from TSEC to TWSE starting next week to avoid being confused with several foreign bourses that have the same initials, a newspaper reported Thursday.

The website of the Taiwan Stock Exchange Corp will also be changed on Monday to www. twse. com. tw, but the current web address will continue to function for six months, the Taipei Times said.


US stocks rise on tech earnings, overshadows Freddie Mac slump

US stocks rise on tech earnings, overshadows Freddie Mac slump New York - Wall Street stock indices climbed on Wednesday as positive technology and mining-sector news eclipsed a poor earnings report from mortgage giant Freddie Mac.

Cisco Systems Inc, the largest producer of networking equipment, reported fourth-quarter profits that were slightly better than expected while revenue had come in above 10 billion dollars for the first time.

Microsoft Corp improved after a UBS AG analyst predicted the software giant was preparing to buy back 20 billion dollars in stock over the coming thee months.


Shares soar 2.8 per cent in Seoul

Seoul Stock ExchangeSeoul - Shares jumped 2.8 per cent Wednesday on the Seoul stock exchange on falling oil prices.

The benchmark Kospi index rose 43.17 points to close at 1,578.71. Advancing issues outpaced decliners 621 to 187.

The main index of the technology-heavy Kosdaq market rose 6.65 points to 525.75.

On currency markets, the US dollar was quoted at 1,015.90 won after trading at 1,017.90 won Tuesday. (dpa)


Sensex Maintains Positive Sentiments; Up 265.07 Pts

The 30-share index BSE Sensex continued its positive rally on account of  Sensex Maintains Positive Sentiments; Up 265.07 Pts good buying action witnessed across sectors.

However, a few blue chip stocks went down sharply on selling pressure.  

At 1:17 p.m, the BSE Sensex gained 265.07 points at 15,226.14, while NSE Nifty stood at 4566.25, up 63.40 points.

The overall market breadth was positive.


Philippine share prices rise 3.64 per cent on easing oil prices

ManilaPhilippine Stock Markets - Philippine share prices soared 3.64 per cent on Wednesday as investors cheered sliding oil prices and Wall Street's overnight gains.

The 30-share composite index of the Philippine Stock Exchange added 94.83 points to close at 2,697.21, from Tuesday's finish of 2,602.38.

A total of 4.53 billion shares worth 3.66 billion pesos (83.56 million dollars) were traded.

Advancers led decliners 107 to 21, while 39 issues were unchanged.


Taiwan shares rise nearly 2 per cent on Wall Street rebound

Taipei - The Taipei stock market rose nearly 2 per cent Wednesday on a Wall Street rebound overnight.

In mid-morning trading, the weighted index TAIEX rose 129.90 points, or 1.91 per cent, to 6,943.30 points.

Another reason for TAIEX's rise were favourable financial reports of high-tech companies for the first half year of 2008, which caused high-tech shares to surge between 2 and 5 per cent, analysts said. (dpa)


Sensex Closes 383.20 Pts Up At 14,961.07

Indian equities closed on an encouraging note, on Tuesday (August 05), on Sensex Closes 383.20 Pts Up At 14,961.07the back of good buying action seen across all segments, with Bankex (6.65%) and Realty (6.56%) sectors being the major gainers among the sectoral indices.

Volatility jitters, which were seen during the early trading sessions, turned down in the late closing sessions with markets zooming 383.20 points.

BSE Midcap and Smallcap index closed the day positively after gaining 1.76% and 1.26% respectively.

Asian stocks reported a declension with mining companies being in the front line.


Nikkei rises 2 per cent on Wall Street's overnight rebound

ToJapan Stock Marketskyo - Japan's key Nikkei 225 Stock Average rose more than 2 per cent Wednesday on the overnight rebound in the US market.

The Nikkei index rose 287.24 points, or 2.22 per cent, to 13,201.9.

The broader Topix index of all first-section issues was also up 22.22 points, or 1.78 per cent, to 1,269.93.

The Tokyo market sentiment was boosted in morning trading after the US Federal Reserve's assessment that US economic activity expanded in the second quarter helped an overnight rise on Wall Street.


US stocks jump on Fed decision, lower oil

US stocks jump on Fed decision, lower oilNew York - US stocks posted strong gains on Tuesday after the Federal Reserve kept interest rates unchanged and the price of oil continued a steady decline from last month's record highs.

The Fed said it was keeping its benchmark federal funds rate unchanged at 2 per cent as the US central bank navigates the twin dangers of sluggish growth and high inflation.


Hang Seng tumbles 2.5 per cent on bank woes

Hong Kong - On-going financial woes related to the US sub-prime mortgage crisis which have put pressure on several Hong Kong banks dragged the benchmark Hang Seng index down 2.51 per cent to fall below 22,000 points Tuesday.

The index fell 565 points to close at 21,949.75 points.

Turnover was 63.99 billion Hong Kong dollars (8.2 billion US dollars).

Bank of East Asia, the territory's fifth biggest lender, closed 8.28 per cent down at 33.20 Hong Kong dollars after it reported a worse-than-expected 52.4 per cent drop in net profit for the first-half.


Sensex Gains 71 Pts; M&M, ACC Climb Up

The Sensex, which recovered smartly after a sharp decline from upper Sensex Gains 71 Pts; M&M, ACC Climb Up   levels, trading positively on account of good buying action witnessed in select blue chip stocks.

At 1:26 pm, the Sensex gained 71.07 points at 14,648.94 over its previous closing mark, while the broad-based NSE Nifty stood at 4413.55, up 17.20 points.

The major gainers in the Sensex were Mahindra & Mahindra (4.5%), ACC (3.15%), HDFC Bank (3.8%), ICICI Bank (2.6%), State Bank of India (2.4%) and Hindustan Unilever (2%).


Stock Markets Still In Safety Zone, Says Vishwas Agarwal

Indian stock markets ended that day negatively amid volatility. Heavy  Stock Markets Still In Safety Zone, Says Vishwas Agarwal buying activity was seen in FMCG, metal, healthcare stocks, whereas oil, power and consumer goods stocks went down.

The 30-share index Sensex, on Monday (August 4), opened with a negative gap of 62.05 points at 14,594.64 the back of profit booking. After few minutes, Sensex moved into the positive terrain to trade on a flat note.

BSE Midcap and Smallcap index closed after gaining 1.77% each.


Stocks modestly up in Tokyo on weaker yen

Stocks modestly up in Tokyo on weaker yenTokyo - Tokyo stocks opened modestly higher Tuesday as investors bought export-oriented issues on the US dollar's advance against the yen.

The Nikkei 225 Stock Average gained 34.85 points, or 0.27 per cent, to 12,968.03.

The broader Topix index of all first-section issues was slightly up 0.84 points, or 0.07 per cent, to 1,249.09.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 108.18-23 yen, up from Monday's 5 pm quote of 107.79-80 yen. A weaker yen makes Japanese products cheaper abroad.


US stocks fall amid lower oil, commodity prices

New York - US stocks fall amid lower oil, commodity pricesWall Street stock indices dropped Monday, led by energy producers struck by another drop in the price of oil.

Crude oil futures fell 3.67 dollars to a 13-week low of 121.41 dollars per barrel in New York trading. Shares in Exxon Mobil Corp plunged to a 16-month low after the company reported record second- quarter profits last week.

Commodity prices fell to their lowest levels since March, sparking a sell-off in metals producers including Freeport-McMoRan Copper & Gold Inc.


US stocks fall amid lower oil, commodity prices

US stocks fall amid lower oil, commodity prices New York  - Wall Street stock indices dropped Monday, led by energy producers struck by another drop in the price of oil.

Crude oil futures fell 3.67 dollars to a 13-week low of 121.41 dollars per barrel in New York trading. Shares in Exxon Mobil Corp plunged to a 16-month low after the company reported record second- quarter profits last week.

Commodity prices fell to their lowest levels since March, sparking a sell-off in metals producers including Freeport-McMoRan Copper & Gold Inc.


Nikkei falls below 13,000 on concerns over Japan, US economy

Nikkei falls below 13,000 on concerns over Japan, US economy Tokyo  - Tokyo stocks opened lower Monday on worries over Japanese corporate earnings outlooks and the course of the US economy, sending the key Nikkei
225 Stock Average to a two-week low below 13,000 level.

The Nikkei index fell 133.53 points, or 1.02 per cent, to 12,961.06.

The broader Topix index of all first-section issues was also down 17.57 points, or 1.38 per cent, to 1,255.36.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.53-58 yen, up from Friday's 5 pm quote of 107.43-44 yen.


Nikkei falls below 13,000 on concerns over Japan, US economy

Tokyo - Nikkei falls below 13,000 on concerns over Japan, US economy Tokyo stocks opened lower Monday on worries over Japanese corporate earnings outlooks and the course of the US economy, sending the key Nikkei 225 Stock Average to a two-week low below 13,000 level.

The Nikkei index fell 133.53 points, or 1.02 per cent, to 12,961.06.

The broader Topix index of all first-section issues was also down 17.57 points, or 1.38 per cent, to 1,255.36.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.53-58 yen, up from Friday's 5 pm quote of 107.43-44 yen.


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