Tuesday, October 4, 2011

Asian markets mixed after wild day on Wall Street

Asian markets mixed after wild day on Wall Street

Asian markets mixed after wild day on Wall Street

Posted: 04 Oct 2011 08:01 PM PDT

Asian markets struggled for firm direction on Wednesday, after a wild session on Wall Street underscored the difficulty in assessing whether Europe was truly on its way to solving its sovereign debt crisis.

Bankers plead to halt rate hike

Posted: 04 Oct 2011 06:11 PM PDT

Fearing a deterioration in asset quality and to fire up credit demand, top bankers on Tuesday appealed to RBI to pause its interest rate hike cycle that has already seen 12 hikes in the past 19 months.

Global shares tumble to 15-mth low on Greek fears

Posted: 04 Oct 2011 06:00 PM PDT

World stocks hit a fresh 15-month low on Tuesday and the dollar rose to a nine-month peak as fears over a major banking crisis in Europe mounted along with expectations Greece could soon default, accelerating a global economic slowdown.

'We need to wake up sleeping giant ONGC'

Posted: 04 Oct 2011 05:59 PM PDT

Oil and Natural Gas Corporation will focus on quickly bringing new oil and gas fields into production with the aim of reversing the effects of declining output from ageing fields and ramp up the overall yield to regain lost glory, company's new chairman Sudhir Vasudeva said on Tuesday.

Govt set to provide 8k cr to SBI

Posted: 04 Oct 2011 05:57 PM PDT

After waiting for over three years, the government has finally relented, although partially, and is likely to provide a Rs 8,000 crore lifeline to State Bank of India .

Is Kingfisher defaulting on TDS payment?

Posted: 04 Oct 2011 05:32 PM PDT

Battling serious financial troubles, is Vijay Mallya-owned Kingfisher even defaulting on payment of tax deducted at source (TDS)?

Sensex plunges below 16,000 on SBI downgrade

Posted: 04 Oct 2011 12:07 PM PDT

The Bombay Stock Exchange Sensex fell 286 points to 15,864 after international rating agency Moody's downgraded the country's largest lender State Bank of India, warning that its bad loans would rise.

Moody's downgrades State Bank of India

Posted: 04 Oct 2011 04:29 AM PDT

Global ratings firm Moody's on Tuesday donwgraded its rating of State Bank of India's (SBI) financial strength by one notch to 'D+'.

Sensex ends below 16k, down 287 pts

Posted: 04 Oct 2011 04:19 AM PDT

The sensex, which lost over 546 points in the last two trading sessions, plunged further by 286.59 points or 1.77 per cent to 15,864.86, with most of the banking and other interest related stocks ending sharply lower.

Sensex down 406 points mid-session

Posted: 04 Oct 2011 02:08 AM PDT

The BSE benchmark Sensex dipped below the 16,000 level, down 406 points at mid-session today, on brisk selling by foreign funds triggered by weak global trend amid fears of worsening euro-zone debt crisis.

Rupee down by 29 paise vs US dollar

Posted: 03 Oct 2011 11:47 PM PDT

The Indian rupee was down by 29 paise at Rs 49.44 per US dollar in early trade today on sustained demand for the American currency from banks and importers amid a rise in the dollar value overseas.

Sensex down by 21 pts on mild selling

Posted: 03 Oct 2011 11:05 PM PDT

The BSE benchmark Sensex was down by 21 points in early trade on Tuesday amid mild selling pressure in IT stocks, despite buying in capital goods, consumer durable and metals.

Rupee loses 13 paise against US dollar

Posted: 03 Oct 2011 09:48 PM PDT

The Indian rupee lost 13 paise to Rs 49.28 per US dollar in early trade on the Interbank Foreign Exchange today due to appreciation of the US currency against other major rivals overseas and a weak opening in the domestic equity market.

Sensex down 66 points in opening trade

Posted: 03 Oct 2011 09:21 PM PDT

The Bombay Stock Exchange benchmark Sensex fell by 66 points in opening trade on Tuesday, extending its losses for the third straight day on continued selling by funds, tracking a weak trend in the Asian region.
Posted by Harshad at 9:26 PM

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