UPDATE AT 11 AM ON OCTOBER 1, 2008
Key benchmark indices slipped in the red after firm start as
indexheavyweight Reliance Industries and banking pivotals dropped.
TheBSE 30-share Sensex was down 36.12 points. IT pivotals gained
asthe rupee dropped to a fresh five-year low against the dollar.Larsen
& Toubro turned 1:1 ex-bonus from today. The market breadthwas
positive on BSE. Asian markets were trading mixed today, 1 October
2008. Japan'sNikkei and Taiwan's Taiwan Weighted Average rose
between 0.82% to1.07%. However, South Korea's Seoul Composite
was down 0.35%.Stocks markets in China, Hong Kong and Singapore
were closed today,1 October 2008 for various holidays. At 10:21 IST
, the BSE 30-share Sensex was down 36.12 points or0.23% to 12,831.31.
The index shed 70.58 points at the day's low of12,789.85, hit in
early trade. Renewed hopes of the US Senateapproving a $700 billion
bank bailout package to rescue the economytriggered a firm start.
The Sensex rose 148.04 points at day's highof 13,008.47, in early
trade. The S&P CNX Nifty was down 30.45 points or 0.78% to 3,890.75.
The BSE Mid-Cap index was up 0.02% at 4,799.20 and the BSE
Small-Cap index was up 0.43% at 5,601.55.
Tuesday, September 30, 2008
UPDATE
UPDATE FOR 1 OCTOBER, 2008
Key benchmark indices are likely to extend gains for the second
straight day today, 1 October 2008 after a stupendous pullback
on previous day on speculation the Senate will approve a $700
billion bank bailout package to unlock the credit markets and
bolster the global economy. The Singapore Nifty futures (SGX)
trading at over 50 points premium. Meanwhile, India's current
account deficit jumped to $10.72 billion in Q1 June 2008 as
compared to a deficit of $6.3 billion Q1 June 2007, as oil import bill
has grown faster than income from software services exports and
remittances from the Indian diaspora. The current account in the
balance of payments measures the net position of a country's exports
and imports of goods and services. The Indian rupee dropped to a
fresh five-year low in early trade today, 1 October 2008 on worries
foreign investors would continue to sell their local investments amid
a spreading global financial crisis. The partially convertible rupee
was at 47.22/23 per dollar, its weakest since 2 June 2003 and 0.55% lower
from yesterday's close of 46.95/96. Meanwhile, the Bombay Stock
Exchange (BSE) will launch exchange-traded rupee futures today,
1 October 2008. In August 2008, the National Stock Exchange of
India (NSE) kicked off exchange-traded currency futures trading.
Key benchmark indices are likely to extend gains for the second
straight day today, 1 October 2008 after a stupendous pullback
on previous day on speculation the Senate will approve a $700
billion bank bailout package to unlock the credit markets and
bolster the global economy. The Singapore Nifty futures (SGX)
trading at over 50 points premium. Meanwhile, India's current
account deficit jumped to $10.72 billion in Q1 June 2008 as
compared to a deficit of $6.3 billion Q1 June 2007, as oil import bill
has grown faster than income from software services exports and
remittances from the Indian diaspora. The current account in the
balance of payments measures the net position of a country's exports
and imports of goods and services. The Indian rupee dropped to a
fresh five-year low in early trade today, 1 October 2008 on worries
foreign investors would continue to sell their local investments amid
a spreading global financial crisis. The partially convertible rupee
was at 47.22/23 per dollar, its weakest since 2 June 2003 and 0.55% lower
from yesterday's close of 46.95/96. Meanwhile, the Bombay Stock
Exchange (BSE) will launch exchange-traded rupee futures today,
1 October 2008. In August 2008, the National Stock Exchange of
India (NSE) kicked off exchange-traded currency futures trading.
UPDATE
MARKET UPDATE FOR 30 SEPTEMBER
The key benchmark indices snapped last three days
losses to postdecent gains today, 30 September 2008.
Sensex rose 264.58 points.The barometer index had
lost 1,096.77 points or 8% in the pastthree trading
sessions to 13,102.18 on Monday, 29 September 2008,
from a recent high of 13,692.52 hit on 24 September
2008 Expectations that a revised rescue package for the
US financialsector would be put forward quickly by the US
administration,triggered a recovery on the domestic
bourses today, 30 September2008, after an initial sharp
fall that pushed Sensex to 2-year low.The US House of
Representatives on Monday, 29 September 2008,unexpectedly
rejected a plan to buy toxic assets from strugglingbanks
that had been designed to revitalise strained lending
markets. US stock futures were trading higher. Nasdaq
futures wereup 32.25 points while Dow Jones futures
gained 211 points. Banking stocks climbed. Index
pivotal ICICI Bank rose more than 8%,Tata Consultancy
Services rose close to 7%. Bharat HeavyElectricals and
Bharti Airtel rose more than 5% each. Finance minister
P Chidambaram today said Indian banks are well
capitalised and regulated. He further added that foreign
institutional investors are not selling all the time.
The key benchmark indices snapped last three days
losses to postdecent gains today, 30 September 2008.
Sensex rose 264.58 points.The barometer index had
lost 1,096.77 points or 8% in the pastthree trading
sessions to 13,102.18 on Monday, 29 September 2008,
from a recent high of 13,692.52 hit on 24 September
2008 Expectations that a revised rescue package for the
US financialsector would be put forward quickly by the US
administration,triggered a recovery on the domestic
bourses today, 30 September2008, after an initial sharp
fall that pushed Sensex to 2-year low.The US House of
Representatives on Monday, 29 September 2008,unexpectedly
rejected a plan to buy toxic assets from strugglingbanks
that had been designed to revitalise strained lending
markets. US stock futures were trading higher. Nasdaq
futures wereup 32.25 points while Dow Jones futures
gained 211 points. Banking stocks climbed. Index
pivotal ICICI Bank rose more than 8%,Tata Consultancy
Services rose close to 7%. Bharat HeavyElectricals and
Bharti Airtel rose more than 5% each. Finance minister
P Chidambaram today said Indian banks are well
capitalised and regulated. He further added that foreign
institutional investors are not selling all the time.
Monday, September 29, 2008
MARKET UPDATE
MARKET UPDATE AT 1 PM ON 29 SEPTEMBER
Key benchmark indices slumped further in red in afternoon trade.Sensex
lost more than 500 points. Asian and European stocks droppedon
persistent questions on the effectiveness of the US bailoutpackage
and on continued instability in the global banking sector.The barometer
index BSE Sensex today fell below the 13,000 mark. Capital goods and
power stocks declined . ICICI Bank fell more than11% while Jaiprakash
Associates fell more than 12%. RelianceIndustries dropped. The market
breadth extremely weak as sellingwas witnessed across the board. The
US lawmakers agreeing on a $700 billion bank-rescue package andthe
House of Representatives approving the nuclear deal with Indiaover
the weekend failed to boost the investor sentiments. European markets
which opened after Indian markets were down inopening trade. France's
CAC 40, Germany's DAX and UK's FTSE 100were down between 2.53% to
2.88%. European markets fell as theBelgian, Dutch and Luxembourg
governments were forced to rescuefinancial firm Fortis over the weekend.
In addition, reportssuggest the British government will take over mortgage
lenderBradford & Bingley. Most Asian markets were trading lower today,
29 September 2008.Hong Kong's Hang Seng, Japan's Nikkei, Singapore's
Straits Times,South Korea's Seoul Composite fell between 1.26% 4.07%.
Key benchmark indices slumped further in red in afternoon trade.Sensex
lost more than 500 points. Asian and European stocks droppedon
persistent questions on the effectiveness of the US bailoutpackage
and on continued instability in the global banking sector.The barometer
index BSE Sensex today fell below the 13,000 mark. Capital goods and
power stocks declined . ICICI Bank fell more than11% while Jaiprakash
Associates fell more than 12%. RelianceIndustries dropped. The market
breadth extremely weak as sellingwas witnessed across the board. The
US lawmakers agreeing on a $700 billion bank-rescue package andthe
House of Representatives approving the nuclear deal with Indiaover
the weekend failed to boost the investor sentiments. European markets
which opened after Indian markets were down inopening trade. France's
CAC 40, Germany's DAX and UK's FTSE 100were down between 2.53% to
2.88%. European markets fell as theBelgian, Dutch and Luxembourg
governments were forced to rescuefinancial firm Fortis over the weekend.
In addition, reportssuggest the British government will take over mortgage
lenderBradford & Bingley. Most Asian markets were trading lower today,
29 September 2008.Hong Kong's Hang Seng, Japan's Nikkei, Singapore's
Straits Times,South Korea's Seoul Composite fell between 1.26% 4.07%.
Sunday, September 28, 2008
UPDATES ON SEPT 29 2008
SEPT 29 MONDAY
MARKET REVIEW
The upheavels in the global market had the bulls
running for cover in the Indian market.
Uncertainity over the Bush government's major rescue
plans for the troubled financial sector kept key indices
under pressure.Absense of leadership from index heavy
weights , dissapointing rollover of derivative contract ,
and persistent selling by FIIs contributed to the weakness.
BSE closed at 13102 down 6.7 % from last week while the
NSE Nifty lost 6.1 % to close at 3985.
Realty stocks were the worst hit with concerns over slowing
demand and liquidity crunch weighed on investor
sentiment.Banking , Capital goods and Metal stocks
were among the other major losers.
Equity markets across the globe had another dissapointing
week amid worries about the US Governments
$ 700 billion bail out plan for the crumbling financial
system may ger delayed.
US authorities sold Washington Mutual and
sold its assets.
Drop in the Dollar against the yen and Euro and
volatile crude prices also had a bearing on the sentiment.
Technical Ideas
1.Sell HDFC at CMP Rs 2091 and on rallies to
Resistence of Rs 2100 to 2130 levels for the
following targets .
a) Rs 2000
b) Rs 1900
c) Rs 1800
A stop loss below Rs 2190 is recommended for
all short positions.
2.Sell Power Finance Corporation at CMP Rs 122
and on rallies to resistence of Rs 125 to 127 levels
for the following targets .
a) Rs 110
b) Rs 100
A stop loss above Rs 130.50 is recommended for short
positions.
Technically strong scrips
1. Indus Ind Bank CMP Rs 57
2.HUL253 CMP Rs 253
3.EID Parry CMP Rs 212
4. Cadila CMP Rs 329
5.Colgate CMP Rs 406
Technically weak
1. Divis lab CMP Rs 1355
2. J&K Bank CMP Rs 449
3. IOC Rs CMP 389
4.Dr Reddy CMP Rs 516
5.Tata Steel CMP Rs 462
Buzz on the Street
Videocon starts major restructuring by cutting down
manufacturing locations , trimming work force and
pruning brands.
Buzz on the street
Videocon starts major restructuring by cutting down
manufacturing locations , trimming work force and
pruning brands.
Tech Mahindra and Tcs eye Flextronics units.
RIL may acquire discovered oil and gas assets
abroad.
Valechha E ngineering has emerged as the lowest
bidder for 2 projects worth Rs. 3.5 billion.
Balaji Telefilms may acquire some stake in INX Media's
9X Hindi general entertainment channel.
MARKET REVIEW
The upheavels in the global market had the bulls
running for cover in the Indian market.
Uncertainity over the Bush government's major rescue
plans for the troubled financial sector kept key indices
under pressure.Absense of leadership from index heavy
weights , dissapointing rollover of derivative contract ,
and persistent selling by FIIs contributed to the weakness.
BSE closed at 13102 down 6.7 % from last week while the
NSE Nifty lost 6.1 % to close at 3985.
Realty stocks were the worst hit with concerns over slowing
demand and liquidity crunch weighed on investor
sentiment.Banking , Capital goods and Metal stocks
were among the other major losers.
Equity markets across the globe had another dissapointing
week amid worries about the US Governments
$ 700 billion bail out plan for the crumbling financial
system may ger delayed.
US authorities sold Washington Mutual and
sold its assets.
Drop in the Dollar against the yen and Euro and
volatile crude prices also had a bearing on the sentiment.
Technical Ideas
1.Sell HDFC at CMP Rs 2091 and on rallies to
Resistence of Rs 2100 to 2130 levels for the
following targets .
a) Rs 2000
b) Rs 1900
c) Rs 1800
A stop loss below Rs 2190 is recommended for
all short positions.
2.Sell Power Finance Corporation at CMP Rs 122
and on rallies to resistence of Rs 125 to 127 levels
for the following targets .
a) Rs 110
b) Rs 100
A stop loss above Rs 130.50 is recommended for short
positions.
Technically strong scrips
1. Indus Ind Bank CMP Rs 57
2.HUL253 CMP Rs 253
3.EID Parry CMP Rs 212
4. Cadila CMP Rs 329
5.Colgate CMP Rs 406
Technically weak
1. Divis lab CMP Rs 1355
2. J&K Bank CMP Rs 449
3. IOC Rs CMP 389
4.Dr Reddy CMP Rs 516
5.Tata Steel CMP Rs 462
Buzz on the Street
Videocon starts major restructuring by cutting down
manufacturing locations , trimming work force and
pruning brands.
Buzz on the street
Videocon starts major restructuring by cutting down
manufacturing locations , trimming work force and
pruning brands.
Tech Mahindra and Tcs eye Flextronics units.
RIL may acquire discovered oil and gas assets
abroad.
Valechha E ngineering has emerged as the lowest
bidder for 2 projects worth Rs. 3.5 billion.
Balaji Telefilms may acquire some stake in INX Media's
9X Hindi general entertainment channel.
Friday, August 22, 2008
Thursday, August 21, 2008
MARKET UPDATE
MARKET UPDATE AT 11.30 AMON 22AUGUST
Key benchmark indices staged a comeback from early lows
asheavyweights rebounded. A rally in crude oil prices weighed
on thesentiment in opening trade. Global cues were mixed.
Banking sharesgained as the weekly inflation figure was in line
with marketexpectation. The wholesale prices index rose 12.63%
in the year through 9 August2008, up from the previous week's 12.44%
rise, data released by thegovernment after trading hours on
Thursday, 21 August 2008, showed. As per reports, nuclear supplier
nations at a meeting in Vienna onThursday, 21 August 2008, proposed
conditions for lifting a globalban on fuel and technology exports to India,
a step required toimplement a US-India nuclear cooperation deal. A green
light fromthe 45-nation Nuclear Suppliers Group is needed for the deal
toproceed to the US Congress for final ratification. At 10:25 IST, the BSE 30-share
Sensex was up 5.56 points or 0.04%to 14,247.89. It had opened 90.34 points lower
at 14,153.39 andslipped further to a low of 14,136.86 in early trade. At the day'slow
hit in early trade, the Sensex lost 106.87 points. At the day'shigh of
14,298.16 points hit in early trade, the Sensex gained54.43 points. The S&P
CNX Nifty was up 1.15 points or 0.03% to 4,285.10 The market
breadth was weak on BSE with 754 shares declining ascompared to 602
that advanced. 36 remained unchanged. The total turnover on BSE
amounted to Rs 405 crore Among the 30-member Sensex pack,
21 slipped while the rest themgained. India's largest aluminium and
copper producer Hindalco Industriessurged 3.41% to Rs 133.45 on
1.46 lakh shares. It was the topgainer from Sensex pack.
Key benchmark indices staged a comeback from early lows
asheavyweights rebounded. A rally in crude oil prices weighed
on thesentiment in opening trade. Global cues were mixed.
Banking sharesgained as the weekly inflation figure was in line
with marketexpectation. The wholesale prices index rose 12.63%
in the year through 9 August2008, up from the previous week's 12.44%
rise, data released by thegovernment after trading hours on
Thursday, 21 August 2008, showed. As per reports, nuclear supplier
nations at a meeting in Vienna onThursday, 21 August 2008, proposed
conditions for lifting a globalban on fuel and technology exports to India,
a step required toimplement a US-India nuclear cooperation deal. A green
light fromthe 45-nation Nuclear Suppliers Group is needed for the deal
toproceed to the US Congress for final ratification. At 10:25 IST, the BSE 30-share
Sensex was up 5.56 points or 0.04%to 14,247.89. It had opened 90.34 points lower
at 14,153.39 andslipped further to a low of 14,136.86 in early trade. At the day'slow
hit in early trade, the Sensex lost 106.87 points. At the day'shigh of
14,298.16 points hit in early trade, the Sensex gained54.43 points. The S&P
CNX Nifty was up 1.15 points or 0.03% to 4,285.10 The market
breadth was weak on BSE with 754 shares declining ascompared to 602
that advanced. 36 remained unchanged. The total turnover on BSE
amounted to Rs 405 crore Among the 30-member Sensex pack,
21 slipped while the rest themgained. India's largest aluminium and
copper producer Hindalco Industriessurged 3.41% to Rs 133.45 on
1.46 lakh shares. It was the topgainer from Sensex pack.
MARKET SUMMARY
MARKET SUMMARY FOR 21 AUGUST
Bears were in command on the bourses as caution
prevailed ahead ofthe weekly inflation data to be
released by the government afterthe trading hours today,
21 August 2008. Rate sensitive realty andbanking stocks
were clobbered. Weak Asian markets also weighed on the
sentiment. Chinese market declined after yesterday's
steeprise. State Bank of India fell more than 7%. HDFC
Bank, NTPC and DLF fellmore than 5.5% each. Reliance
Infrastructure and ICICI Bank fellmore than 5% each.
A key event today is the Nuclear Suppliers Group (NSG)
meet inVienna. The United States is set to push the
45-nation NuclearSuppliers Group (NSG) to agree on a
landmark nuclear deal withIndia despite objections at
home and reservations abroad. The BSE 30-share
Sensex lost 434.50 points or 2.96% to 14,243.73.At
the day's low of 14,201.18, the Sensex lost 477.05 points
inlate trade. At day's high of 14,646.98, the index lost
31.25 pointsin early trade. The S&P CNX Nifty was
down 131.90 points or 2.99% to 4,283.85.
Bears were in command on the bourses as caution
prevailed ahead ofthe weekly inflation data to be
released by the government afterthe trading hours today,
21 August 2008. Rate sensitive realty andbanking stocks
were clobbered. Weak Asian markets also weighed on the
sentiment. Chinese market declined after yesterday's
steeprise. State Bank of India fell more than 7%. HDFC
Bank, NTPC and DLF fellmore than 5.5% each. Reliance
Infrastructure and ICICI Bank fellmore than 5% each.
A key event today is the Nuclear Suppliers Group (NSG)
meet inVienna. The United States is set to push the
45-nation NuclearSuppliers Group (NSG) to agree on a
landmark nuclear deal withIndia despite objections at
home and reservations abroad. The BSE 30-share
Sensex lost 434.50 points or 2.96% to 14,243.73.At
the day's low of 14,201.18, the Sensex lost 477.05 points
inlate trade. At day's high of 14,646.98, the index lost
31.25 pointsin early trade. The S&P CNX Nifty was
down 131.90 points or 2.99% to 4,283.85.
market update
MARKET UPDATE AT 2PM, AUGUST 21,2008.
Key benchmark indices continued downward jouney
afternoon tradewith Sensex falling close to 350 points at
the day's low. Ratesensitive banking stocks fell ahead of
the weekly inflation data tobe released by the government
after the trading hours today, 21August 2008. European
markets, which opened after Indian markets,slipped in
early trade. FMCG, healthcare, auto and metal stocks
were down. State Bank ofIndia fell more than 5%.
NTPC was down close to 5% and HDFC Bank fell more
than 4%. Weak Asian markets also weighed on the
sentiment. Chinese market declined after yesterday's
steep rise. European markets which opened after Indian
market were red.France's CAC 40, Germany's DAX and
UK's FTSE 100 were down between1% to 1.36%. At 13:21
IST, the BSE 30-share Sensex was down 340.48 points or
2.31% to 14,339.41. At the day's low of 14,336.76, the
Sensex lost341.47 in afternoon trade. At day's high of
14,646.98, the indexlost 31.25 points in early trade. The
S&P CNX Nifty was down 107.1 points or 2.43% to 4,308.65.
The BSE Mid-Cap index was down 1.35% to 5,747.49 and
the BSESmall-Cap index was down 1.17% at 6,983.67.
Key benchmark indices continued downward jouney
afternoon tradewith Sensex falling close to 350 points at
the day's low. Ratesensitive banking stocks fell ahead of
the weekly inflation data tobe released by the government
after the trading hours today, 21August 2008. European
markets, which opened after Indian markets,slipped in
early trade. FMCG, healthcare, auto and metal stocks
were down. State Bank ofIndia fell more than 5%.
NTPC was down close to 5% and HDFC Bank fell more
than 4%. Weak Asian markets also weighed on the
sentiment. Chinese market declined after yesterday's
steep rise. European markets which opened after Indian
market were red.France's CAC 40, Germany's DAX and
UK's FTSE 100 were down between1% to 1.36%. At 13:21
IST, the BSE 30-share Sensex was down 340.48 points or
2.31% to 14,339.41. At the day's low of 14,336.76, the
Sensex lost341.47 in afternoon trade. At day's high of
14,646.98, the indexlost 31.25 points in early trade. The
S&P CNX Nifty was down 107.1 points or 2.43% to 4,308.65.
The BSE Mid-Cap index was down 1.35% to 5,747.49 and
the BSESmall-Cap index was down 1.17% at 6,983.67.
Wednesday, August 20, 2008
MARKET UPDATE
MARKET UPDATE AT 11AM 0N 21AUGUST
Local benchmark indices are headed for a volatile trading
session today, 21 August 2008 ahead of the release of
inflation data for the year through 9 August 2008. The
data will be released after trading hours today, 21 August
2008. Global cures were mixed. Inflation as measured by
wholesale price index rose 12.44% in the week to 2 August
2008, a 16-year high propelled by rise in the cost of pulses,
fruits, spices and aviation turbine fuel. Inflation is expected
to accelerate further after the Prime Minister Manmohan
Singh's cabinet on 14 August 2008 approved an average
21% salary increase for about 50 lakh government
employees. The higher wages will cost the government
Rs 3.38 lakh crore this year. Another key event is the
Nuclear Suppliers Group (NSG) meet scheduled today,
21 August 2008. The United States is set to push the
45-nation Nuclear Suppliers Group (NSG) to agree on
a landmark nuclear deal with India despite objections
at home and reservations abroad. Light, sweet crude
for September delivery rose 45 cents to $114.98 a
barrel yesterday, 20 August 2008, on the New York
Mercantile Exchange (NYMEX), on fresh supply
concerns after key producer Venezuela indicated
it could ask organisation of petroleum exporting
countries (OPEC) to cut output. Asian markets
were trading lower today, 21 August 2008.
China's Shanghai Composite fell 1.44% or 36.36
points at 2,486.91, Japan's Nikkei slipped 0.35% or
44.56 points at 12,807.13, Hong Kong's Hang Seng
plunged 1.48% or 309.44 points at 20,621.82, Taiwan's
Taiwan Weighted tumbled 1.12% or 78.95 points at
6,961.95, Singapore's Straits Times was down 0.70%
or 19.31 points at 2,732.44, and South Korea's Seoul
Composite lost 1.21% or 18.65 points at 1,522.06.
Local benchmark indices are headed for a volatile trading
session today, 21 August 2008 ahead of the release of
inflation data for the year through 9 August 2008. The
data will be released after trading hours today, 21 August
2008. Global cures were mixed. Inflation as measured by
wholesale price index rose 12.44% in the week to 2 August
2008, a 16-year high propelled by rise in the cost of pulses,
fruits, spices and aviation turbine fuel. Inflation is expected
to accelerate further after the Prime Minister Manmohan
Singh's cabinet on 14 August 2008 approved an average
21% salary increase for about 50 lakh government
employees. The higher wages will cost the government
Rs 3.38 lakh crore this year. Another key event is the
Nuclear Suppliers Group (NSG) meet scheduled today,
21 August 2008. The United States is set to push the
45-nation Nuclear Suppliers Group (NSG) to agree on
a landmark nuclear deal with India despite objections
at home and reservations abroad. Light, sweet crude
for September delivery rose 45 cents to $114.98 a
barrel yesterday, 20 August 2008, on the New York
Mercantile Exchange (NYMEX), on fresh supply
concerns after key producer Venezuela indicated
it could ask organisation of petroleum exporting
countries (OPEC) to cut output. Asian markets
were trading lower today, 21 August 2008.
China's Shanghai Composite fell 1.44% or 36.36
points at 2,486.91, Japan's Nikkei slipped 0.35% or
44.56 points at 12,807.13, Hong Kong's Hang Seng
plunged 1.48% or 309.44 points at 20,621.82, Taiwan's
Taiwan Weighted tumbled 1.12% or 78.95 points at
6,961.95, Singapore's Straits Times was down 0.70%
or 19.31 points at 2,732.44, and South Korea's Seoul
Composite lost 1.21% or 18.65 points at 1,522.06.
MARKET SUMMARY UPDATE
MARKET SUMMARY UPDATE FOR 20 AUGUST 2008
The market ended with decent gains after it had posted losses
forthe last five successive trading sessions. However, it came
off from a intra-day high hit in late trade. Asian stocks
rebounded from a two-year low as Chinese shares surged
on hopes the government will introduce a stimulus package
to boostthe slowing economy and aid the stock and property
markets.European markets which opened after Indian
market were in green. The BSE 30-share Sensex rose
134.50 points or 0.92% to 14,678.23.At day's high of
14,746.20, the index gained 202.47 points in late trade.
At the day's low of 14,584.03, the Sensex was up 40.30
points in mid-morning trade. The S&P CNX Nifty rose
47.50 points or 1.09% to 4,415.75.
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