With index at 2009-low, growth at 6-year low, Dow at 12-year low & Re at all-time low, it's that sinking feeling once again
The good times will take a good long time coming back, it appears, what with GDP growth at a six-year low, Dow Jones breaking below 7000 (12-year low) and the rupee at record 52 levels.
On Monday, the Sensex shed 285 points to close at the 2009 low of 8607. It has lost over 1,000 points since Pranab Mukherjee rose to present the interim budget two weeks ago.
Experts see a further 1,000 points being sheared off before long. That would mean a breach of the intraday index low of 7697 hit on October 27 is at hand.
Tokyo - The Japan market ended Tuesday morning trading lower with the key Nikkei index falling to the lowest level in four months at one point on lingering concerns over the US financial sector.
The benchmark Nikkei 225 Stock Average dipped 75.26 points, or 1.03 per cent, to 7,204.89.
The broader Topix index of all first section issues was also down 9.57 points, or 1.32 per cent, to 725.02.
Shares of e-learning services provider Edserv Softsystems had a strong debut on the stock exchanges on Monday.
The company’s scrip got listed on Monday at Rs 55, down 8.33 per cent from its issue price of Rs 60 on the Bombay Stock Exchange, but later settled the day with whopping premium at Rs 137.55, up Rs 78 or 129 per cent.
During trading session, the scrip touched an intraday high of Rs 147 and intraday low of Rs 55 on BSE. The total traded quantity was 3,41,04,135 shares.
New York - The Dow Jones Industrial Average fell below 7,000 points for the first time since 1997 in early trading on Wall Street Monday, following stock sell-offs across the globe after American International Group Inc (AIG) reported a 62-billion-dollar quarterly loss.
The United States' deepening recession and financial crisis mean the blue-chip Dow has now lost more than half its value since reaching a record high of 14,000 points in October 2007. US stocks had already plunged last week to their lowest level since 1997.
Amsterdam - The main index of the Amsterdam stock exchange AEX on Monday dropped to 211.86 points as of mid-afternoon, down 3.6 per cent from Friday's close of 219.81 points and well below the psychological "red line" level of 218 points.
The value of Dutch insurer Aegon shares had dropped the most, plunging 11.43 per cent) and stood at 2.55 euros (3.22 dollars).
Tokyo - The Japan market ended Tuesday morning trading lower with the key Nikkei index falling to the lowest level in four months at one point on lingering concerns over the US financial sector.
Shares of e-learning services provider Edserv Softsystems had a strong debut on the stock exchanges on Monday.
Sydney - Australian stocks followed W
New York - The Dow Jones Industrial Average fell below 7,000 points for the first time since 1997 in early trading on Wall Street Monday, following stock sell-offs across the globe after American International Group Inc (AIG) reported a 62-billion-dollar quarterly loss.
Amsterdam - The main index of the Amsterdam stock exchange AEX on Monday dropped to 211.86 points as of mid-afternoon, down 3.6 per cent from Friday's close of 219.81 points and well below the psychological "red line" level of 218 points.
