Stock Markets

Philippine shares fall 4.65 per cent amid continued uncertainties

Tokyo stocks rise on hopes of global economic recovery

Tokyo stocks rise on hopes of global economic recovery Tokyo  - The Tokyo market ended Monday morning trading higher after the Group of 20 finance ministers and central bankers met over the weekend.

The Tokyo players bought a wide range of issues after the financial leaders of the world's largest economies vowed to combat the global recession and revive the international economy.

The benchmark Nikkei 225 Stock Average climbed 184.83 points, or 2.44 per cent, to 7,754.11.

The broader Topix index of all first-section issues was also up 21.48 points, or 2.97 per cent, at 745.78.

Stock Mkts Likely To Be Volatile On Monday, Says Vishwas Agarwal

FIIs Back In Action; Sensex Up 412.86 Pts

FIIs Back In Action; Sensex Up 412.86 PtsThe benchmark Sensex, on Friday (March 13), marked its closure after making a gain of 412.86 points at 8,756.61, which is its highest gain in the current calendar year. The
30-share index achieved this on the back of all-round buying action witnessed across stocks, strong global signals despite sustained capital outflows.

On the other hand, the broad based NSE Nifty grew by 101.80 points (3.89%) at 2,719.25 on Friday. In the week ended March 13, 2009, Sensex surged 430.79 points to

US stocks post fourth-straight rally - best week since November

US stocks post fourth-straight rally - best week since November New York  - Wall Street stock indices continued a nearly week-long rally on Friday, capping the best week since November amid some signs that the global economy may be stabilizing.

The rally followed gains in global markets as some major US banks have posted unexpected gains in the first two months of the year. The heads of Citigroup Inc, Bank of America Corp and JPMorgan Chase & Co said this week that they were profitable at the start of 2009.

NHPC to hold IPO till market conditions stabilize

NHPCState-owned NHPC, a hydroelectric power generating company, revealed in a statement, that it would come out with its initial public offer, only after the market conditions improve.

Mr. SK Garg, Chairman and Managing Director of the company said, "IPO is on hold till market conditions stabilize."

Last year in October, the company has planned initial public offer (IPO) of 167 crore equity shares, which latter the company called off due to volatile market conditions.

The company has plans to raise funds for its future expansions and part finance the construction and development costs of certain of identified projects.

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