Stock Markets

Australian stocks dither despite US rescue

Australian stocks dither despite US rescueSydney - Australian stocks ended a topsy-turvy session marginally lower Thursday despite the news that the US Senate had approved a bail-out package for Wall Street.

The ASX200 slipped 33 points, or 0.6 per cent, to 4,761.

"Resources had a great rally yesterday, and they are giving back some of those gains today with BHP Billiton down and Rio Tinto down 4 per cent," analyst James Waggett of Bell Potter Securities said Thursday.

Japan markets fall on uncertainty over US bail-out package

Japan markets fall on uncertainty over US bail-out packageTokyo - Japanese stocks fell Thursday as investors sold mainly export-oriented issues while uncertainties spread over the US government's bail-out package that passed the Senate earlier in the day.

The benchmark Nikkei 225 Stock Average sank 213.5 points, or 1.88 per cent, to close at 11,154.76.

The broader Topix index of all first-section issues also sagged 24.16 points, or 2.19 per cent, to 1,076.97.

Japanese markets fall on uncertainty over US bailout package

Tokyo Stock ExchangeTokyo - Stocks ended morning trading lower in Japan Thursday on uncertainties over the US government's bailout package that passed the Senate earlier in the day.

The benchmark Nikkei 225 Stock Average fell 125.61 points, or 1.1 per cent, to 11,242.65.

The broader Topix index of all first-section issues was also down 18.41 points, or 1.67 per cent, at 1,082.72.

Senate approves financial rescue plan; House to vote next

Senate approves financial rescue plan; House to vote nextWashington - The US Senate approved a 700-billion-dollar financial rescue package Wednesday night that members said was essential to keep the world's largest economy from near-total collapse.

Senate leaders hoped the 74-25 vote would send a strong message to the lower House of Representatives, which rejected an earlier version of the bail-out plan on Monday and sent US stocks into a free-fall.

"I'm very very happy with this vote tonight," said Majority Leader Harry Reid, the top Democrat in the Senate.

Prateek Agrawal thinks Indian Stock Markets have bottomed out

Reliance Money gets nod to acquire 10% stake in NMCE

Reliance Money gets nod to acquire 10% stake in NMCEReliance Money, part of the Reliance Anil Dhirubhai Ambani Group, has informed that it has obtained approval from Ministry of Consumer Affairs to acquire a 10% stake in the National Multi-Commodity Exchange of India (NMCE) Board.

The latest development will mark company’s foray into the national commodity exchange space that is expected to cross an annual turnover of Rs 74 lakh-crore (volume) by next year.

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