Stock Markets

Expectations for a rate cut send Tokyo stocks higher

Expectations for a rate cut send Tokyo stocks higher Tokyo  - Stocks in Tokyo recovered Thursday from early falls related to a strengthening yen because of investor speculation that the central bank would drop interest rates.

The benchmark Nikkei 225 Stock Average was up 74.52 points in morning trading, or 0.86 per cent, at 8,687.04.

The broader Topix index of all first-section issues also rose 2.64 points, or 0.31 per cent, to 841.1.

Satyam Computer Services trades lower

Satyam Computer Services trades lowerSatyam Computer lost nearly 30% during early trading session. In domestic market, the stock touched a 52-week low of Rs 151 on NSE and a 52-week low of Rs 156.85 on BSE. Till 11.50 pm IST, 4.8 crore shares on NSE and 1.8 crore shares on BSE exchanged hands. The stock closed yesterday at Rs 226.55 on NSE. Average trading volume on NSE is 48 lakh during the past two weeks.

US rate cut sends Tokyo stocks higher

US rate cut sends Tokyo stocks higherTokyo - Stocks in Tokyo rose in Wednesday morning trading after the US Federal Reserve cut interest rates to a record low, but a strengthening yen moderated the gains.

The benchmark Nikkei 225 Stock Average was up 91.14 points, or 1.06 per cent, at 8,659.16.

The broader Topix index of all first-section issues also rose 7.51 points, or 0.91 per cent, to 836.13.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 88.73-78 yen, dipping from Tuesday's 5 pm quote of 90.29-30 yen.

US stocks rally on historic Fed rate cut

New York - US stocks rallied Tuesday after the Federal Reserve cut interest rates to a historic low and promised to use "all available tools" to stabilize the financial system.

The Fed slashed its federal funds rate to an unprecedented "target range" of 0-0.25 per cent, the first time it has not set an exact rate, in a bid to revive the US economy, which is already in a year- long recession.

The US central bank also said it was prepared to expand its already-massive efforts to inject liquidity into banks and other struggling companies in order to revive the world's largest economy.

US stocks climbed more than 4 per cent on the news but the dollar fell against the euro and yen.

Sensex Edges Up; HCL Tech Zooms 18%

Sensex Edges Up; HCL Tech Zooms 18%The Sensex has bounced back into the positive terrain after a fall from higher levels on the back of strong buying action witnessed across key stocks including Reliance Industries, Tata Motors, ONGC, Ranbaxy Laboratories, NTPC, TCS, ACC and Infosys Technologies.

Some of the major gainers in the Sensex were Grasim Industries, State Bank of India, Wipro, Jaiprakash Associates, Tata Power, ICICI Bank, HDFC Bank, Hindustan Unilever and BHEL.

At 14:19 hrs, the BSE barometer gained 2.12 points at 9834.51, while the broad-based Nifty stood at 2990.50, up 9.30 points.

Japan stocks fall on US manufacturing, Wall Street declines

Japan stocks fall on US manufacturing, Wall Street declinesTokyo  - Stocks in Tokyo fell Tuesday after a drop in US industrial production and overnight declines on Wall Street.

The benchmark Nikkei 225 Stock Average declined 96.64 points, or 1.11 per cent, to close at 8,568.02.

The broader Topix index of all first-section issues also was down 18.31 points, or 2.16 per cent, at 828.62.

Investors were also cautious, traders said, as they await the results of a US Federal Reserve meeting later Tuesday. The central bank was expected to further slash interest rates.

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