Stock Markets

Sensex slips below 10k in opening trade

Sensex slips below 10k in opening tradeNew Delhi, Mar. 30 : The Bombay Stock Exchange benchmark Sensex has plunged below 10,000 points by losing 250.43 points in opening trade due to profit-selling by funds amid weak trends on the global markets.

The 30-share Sensex, which had gained nearly 1,070 points, or 12.06 per cent in last week, slipped by 251.43 points, or 2.45 per cent in opening trade as funds and retail investors preferred to book profits at prevailing attractive levels.

All the sectoral indices were trading in negative zone with losses up to 3.48 percent.

Japan market down on profit-taking

Japan market down on profit-takingTokyo  - The Japanese market started the week lower Monday as investors sold shares to lock in profits from the previous week's gains.

The benchmark Nikkei 225 Stock Average dropped 151.91 points, or 1.76 per cent, to 8,475.06.

The broader Topix index of all first-section issues was also down 15.91 points, or 1.93 per cent, to 808.62.

On currency markets at 9 am (0000 GMT), the dollar traded at 98.05-10 yen, up from Friday's 5 pm quote of 97.88-91 yen.

Sensex Ends Week Above 10000; Nifty Above 3100

 Sensex Ends Week Above 10000; Nifty Above 3100The Bombay Stock Exchange (BSE) Sensex closed the week with a marginal gain of 45.39 points at 10,048.

Friday (March 27) turned the second successive day that the 30-share benchmark marked its closure above 10,000-mark.

In actual fact, this was a week of heady gains, which spurts Sensex around 12% (1,081 points) in the last five sessions.

The 30-share-index Sensex is now 25% (2,001 points) up from its recent low of 8,047, which it hit on March 6.

Stocks fall on Wall Street, trimming weekly gains

Stocks fall on Wall Street, trimming weekly gains New York  - US stocks fell on Friday after two leading banks said they made less money in March, but the major indices were still up at least 6 per cent for the week.

JPMorgan Chase & Co and Bank of America Corp said that earnings had fallen this month after they made money in the first two months of the year, pushing their shares down more than 3 per cent, Bloomberg financial news reported.

Philippine shares rises 2.61 per cent

Philippine shares rises 2.61 per centManila  - Philippine shares rose for the fifth straight day on Friday, soaring 2.61 per cent amid brightening prospects for a recovery of the global economy.

The Philippine Stock Exchange's 30-share composite index gained 51.99 points to close at 2,040.25, from Thursday's finish of 1,988.26.

A total of 2.5 billion shares valued at 2.82 billion pesos (58.44 million dollars) were traded.

Gainers swamped losers 78 to 30, with 34 issues unchanged.

Tokyo stocks extend winning streak after Wall Street rise

Tokyo stocks extend winning streak after Wall Street rise Tokyo  - Tokyo stocks extended its winning streak to end Friday morning trading higher after Wall Street advanced overnight on continued hopes of an improved economic outlook in the United States.

The benchmark Nikkei 225 Stock Average inched up 83.22 points, or 0.96 per cent, to 8,719.55, as US companies posted better-than-expected earnings figures.

The broader Topix index of all first-section issues was also up 7.67 points, or 0.93 per cent, to 834.48.

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