Stock Markets

Sensex Below 9K; Down 258.75 Pts

Sensex Below 9K; Down 258.75 Pts The Sensex slipped below 9,000-mark on account of continued buying action witnessed across board.

IT, consumer durable, oil & gas and metal stocks were hammered badly.
 
BSE Midcap and Smallcap index lost 0.75% and 0.08% respectively.

Among the sectoral indices, BSE IT declined 4.72%, Consumer durables plunged 4.16%, Oil & gas fipped 3.67% and Metal lost 3.42%.

The 30-share index, BSE Sensex, today (Dec 05, 2008), belled the day with a loss of 25.06 points at 9,204.69.

Tokyo stocks drop over US employment concerns

Tokyo stocks drop over US employment concernsTokyo - Tokyo stocks ended trading down Friday, as concerns over upcoming US employment data sniffed out modest gains made earlier that day as investors tried to snap up bargains.

The benchmark Nikkei 225 Stock Average closed down 6.73 points, or 0.08 per cent, at 7,919.51.

The broader Topix index of all first-section issues declined 2.86 points, or 0.36 per cent to 786.02.

On currency markets at midday (0300 GMT), the dollar was quoted at 92.45-50 yen, down from Thursday's 5 pm quote of 92.79-80 yen.

India's securitization market is sound: Crisil

India's securitization market is sound: CrisilThe retail securitization market of India has shown greater stability and it is performing even better than the developed countries such as US. It is said by the leading rating agency Crisil, on Wednesday. The country has set a record of better securitization, even amid the unfavorable financial conditions in the world.

Tokyo stocks advance on bargain buying

Tokyo  - Tokyo stocks recovered slightly Friday as investors tried to snap up bargains.

The benchmark Nikkei 225 Stock Average gained 53.53 points, or 0.68 per cent, to 7,977.77.

US stocks drop as carmakers seek bail-out, oil price hits new lows

US stocks drop as carmakers seek bail-out, oil price hits new lows Washington  - Wall Street stock indices lost ground Thursday, as US carmakers asked Congress for a federal bail-out and oil prices fell to their lowest level in nearly four years.

Shares of General Motors Corp plunged 16 per cent as the company's plea alongside Ford Motor Co and Chrysler LLC for emergency cash to keep the US automotive industry afloat was met with skepticism by US legislators.

Sensex Up 245.96 At 8,993.39; Realty Zooms 10%

Sensex Up 245.96 At 8,993.39; Realty Zooms 10%Indian equities continued to gain momentum on the back of heavy buying action witnessed across all sectors.

Mirroring the sharp increase in values of key stocks in this space, the BSE Realty index gained 10%. Capital goods, oil, power, bank and metal stocks also rallied smartly.

BSE Midcap and Smallcap rose 1.98% and 1.38% respectively.

At 02.25 p.m., the 30-share index Sensex stood at 8,993.39, up 245.96 points, after hitting a high of 8,997.36 and a low of 8,726.71.

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