Nifty showed increased volatility around 3430 -3450 which happens to be the 200 DMA of the market and closed below this at 3384. Increasing volatility at this level is obvious as Nifty has rallied almost 1000 points from 2540 to 3510.

A consolidation can be seen around levels of 3150-3400 before market makes new highs.

Asian stocks declined, dragging the regional benchmark index from a three?

Dhaka  - Bangladesh on Sunday announced an economic stimulus package worth over 500 million US dollars to offset the fallout of global economic meltdown, officials said.

Finance Minister AMA Muhith announced the package amounting to Tk 3,424 crore (500 million US dollars) for the fourth quarter of the current fiscal to increase subsidies in power and agriculture sector, and export sectors.

Kiev  - The International Monetary Fund (IMF) agreed to greenlight an additional 2.8 billion dollars assistance loan to Ukraine, IMF officials in Kiev said on Friday.

An IMF mission visiting the former Soviet republic recommended Ukraine receive the badly-needed credit after meetings with the country's government.

At least half of the money to be advanced by the IMF will go towards balancing Ukraine's budget, mostly by helping service foreign-issue bonds, Ukraine Prime Minister Yulia Tymoshenko said, according to an Interfax news agency report.

Washington  - The US Federal Reserve on Wednesday said a number of regions are reporting an easing of the country's economic downturn, adding to some of the small signs that the world's largest economy may be stabilizing.

Five of the Federal Reserve's 12 regional banks reported a "moderation in the pace of decline, and several saw signs that activity in some sectors was stabilizing at a low level," according to the central bank's Beige Book, a regional report on the economy.

Amman - Pan-Arab financial institutions and lending agencies opened a two-day meeting Wednesday to look into the global financial crisis and review strategies for the future.

Finance ministers, central bank governors and the heads of the Kuwait-based Arab Fund for Economic and Social Development, the Abu Dhabi-based Arab Monetary Fund and the Arab Institution for Investment Guarantee are taking part in the talks at the Dead Sea resort.