Oil Ends Lower

Shilpa Mahapatre 17 August 2007

Oil and gasoline futures finished lower on Thursday as capitalists shifted their interest to calm down the heated market worries and upset over the subsisting instability in the market; thus putting to rest concerns over the auspicated tropical storm.

For September delivery, light, sweet crude came down USD 2.33 to USD 71 a barrel on the New York Mercantile Exchange (NYMEX), whereas September gasoline rate descended 3.05 cents to USD 1.9783 per gallon.

Nymex heating oil went down 4.4 cents to USD 1.9829 a gallon.

Value Buying can Bring Markets into Green: Vishwas Agarwal

Neeta Aurora 17 August 2007

Bears continued their domination over buying and selling action on Thursday. Strengthening of existing bearish response on Friday is likely to fetch other stocks in their favor. In contrast, optimistic response on Friday is expected to alter the current outlook.

In spite of the tough basics, Indian market is affected gravely on ongoing US subprime disaster in conjunction with political disputes on nuke contract issue between the Congress and Left parties, added technical analyst, Vishwas Agarwal.

Iraqi PM And President Declares New Pact

Piyush Diwan 17 August 2007

Iraqi Prime Minister Nouri Al-MalikiBaghdad: The Iraqi prime minister and president declared a new coalition of moderate Shias and Kurds, alleging Sunni moderates defied to join but the door remained open to them.

Prime Minister Nouri Al-Maliki articulated the contract was the initial step to unfreeze political stagnancy that has gripped his Shia-led governance since it first accepted control in May 2006.

Market may Recovery Tomorrow - Analyst View

Hina Deshpande 17 August 2007

Rahul Agarwal, VP, Institutional Sales, LKP Shares stated that today the stock market saw a big improvement of 4.5%. It reflected the worldwide movement and it depressed on the back of a firmer Yen and global disentangling.
Mr. Agarwal anticipates the securities market to rectify further and touch 14,000 level. On Friday (August 17), markets may remain pessimistic due to sharp fall in valuations. He suggests that buying in the some fundamentally strong stocks is the best bet at this downfall. The stocks include Reliance Industries, Reliance Communications, Reliance Energy, Tata Power and Bharti Airtel.

Sify Combined its Consumer Businesses

Mitra Pathak 17 August 2007

Chennai: Sify LimitedSify Limited has incorporated its portal www.sify.

Grasim Gears Down on Continued Selling Pressure

Sumeet Kak 17 August 2007

Grasim IndustriesToday, Grasim Industries is quoting at Rs 2,776, down Rs 102.7, or 3.57%, and touched an intraday high of Rs 2,845 and an intraday low of Rs 2,740.

The trading volume of the scrip is 19,597 shares. Yesterday the share ended weak at Rs 2,878.70 after losing 57.85 points.

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