The BSE Sensex dropped more than 1 percent in opening deals on Friday, hurt by a slide in global stocks and led down by losses in Infosys Technologies and Reliance Industries.
At 9:01 a.m. (0331 GMT), the 30-share BSE Index was down 0.91 percent at 16,158.05 points, with only two components advancing.
Tata Steel, the world’s eighth largest steel maker by output, was down 1.8 percent at 575.20 rupees. It had rallied 4.8 percent on Thursday after forecast-beating third-quarter results.
The 50-share NSE index was down 1 percent at 4,817.45.
The Business News of todays is that the Asian Development Bank on Tuesday raised India’s growth forecast for 2009/10 on higher public spending, stronger factory output and improved business confidence, but warned rising fiscal deficit is unsustainable.
In the Asian Development Outlook 2009 update, the bank lifted the growth forecast for the year to end-March 2010 to 6 percent from earlier 5 percent.
In 2010/11, it expects the economy to grow by 7 percent from the previously estimated 6.5 percent on hopes of better rainfall and a rebound in exports.
In the 2008/09 fiscal year, India’s economy grew 6.7 percent, its weakest in six years and well below rates of 9 percent or more in the previous three years. Read More…
Indian Stock Market shares provisionally rose 0.37 percent on Wednesday, led by Reliance Industries (RELI.BO: Quote, Profile, Research) and private lender HDFC Bank (HDBK.BO: Quote, Profile, Research) and taking a winning streak to four days in a row.
The 30-share BSE index .BSESN provisionally ended 59.32 points higher at 16,182.99, with only 11 stocks gaining. Read more..
Indian shares in Share Market India extended gains to 1 percent on Friday afternoon as investors sought bargains after the market dropped 3.3 percent over the past four sessions.
At 2:03 p.m. (0833 GMT), the 30-share BSE index .BSESN was up 1.1 percent at 15,573.96 points, with 26 stocks gaining.
The 50-share NSE index .NSEI was up 1.2 percent at 4,649.75.Read More..
According to Asia Market News Chinese shares clawed back up on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities, but many investors were nervous that the Shanghai slide may have more room to run.
The benchmark Shanghai Composite Index was up 1.5 percent, helped by reports that the stock regulator had approved new mutual funds this week to help underpin the market that has slid nearly 20 percent since hitting a 14-month high earlier in the month.
But Chinese shares surrendered some gains after jumping nearly 3 percent at one point, showing that the market remains highly volatile.
It is a matter of worry to see the BSE index suddenly going downtrend with the Satyam mayhem and Nortel bankruptcy. The BSE Sensex at least exhibited an accelerating figure continuously with very little fall prior to that. My brother is an IT engineer and he has already been offered notice by his employers that they cannot take his services further. Similar is the case with a number of his colleagues. Most employees like my brother are all expecting the BSE sensex to display rising figures each day so that the complete economy is stable.
The declining inflation has affected BSE companiesdirectly, affecting us indirectly. I have heard, inflation has declined by more than half in a period of six months and that it would further go down. The BSE index has been showing mixed results. It will take years to regain its lost figures!
Latest news on Satyam mayhem has really shocked the world. Just imagine the fraudulence of this global IT giant!! The India Latest News aired are carrying the Satyam fraud story. Yesterday, again surprised with the news that Satyam is still a good buy despite its financial downfall.
As per the news, it is associated with big companies across the globe and hence, its future is not that blink. God knows what is good and bad! Every morning, we really get excited to know about the latest news. As we already lost a great deal of money, we are just relying on updated india news for the Share Market News so that we all can invest in the right time.
It is only stock market news that was the priority amongst my family members. I had incurred major losses and my company with three branches in metros was shut down. With stock market indices showing a slump day by day, I had no other option. I am planning to invest all anew, but waiting for the market situation to improve. Indian Market is still gaining grounds in few sectors as compared to global counterparts.
Unlike me, there are hundreds of bankrupt entrepreneurs who are dependent on bank credits. The recent upbeat in stock market indices is again in a downward trend due to the shocking financial slide by 80% of Satyam as the Stock Market News aired.
I must thank the person who introduced the concept of Sensex…really I need to thank the person from the bottom of my heart. You invest and you get to know from Sensex, just sitting at home via the Internet or television how your investment is doing! The stocks going up and down is displayed so precisely via Sensex Index.
Companies listed in BSE that hold public shares, exhibited the most alarming Sensex figures, especially during the last few weeks. Common people like me…I have invested quite an amount…are the worst sufferers…thanks to the current situation. Now BSE Sensex is exhibiting some ‘heart-happy’ BSE index numbers.
The amount in lakhs converted an amount in thousands, and stocks being my primary source of income, I was very grief stricken. With the government providing loans at low interests and other measures to give relief to recession and with Sensex India in the path of a good phase, and above all bse sensex in an upward swing at this period, investors like me are looking forward towards hope. Let’s hope for the best that the Sensex Index, I mean the bse sensex goes up and up, bringing back cheers to lives of many.
The economic crisis that has stricken worldwide has rendered many a corporate houses and business entities melt down in huge losses. The Stock Market News stated the financial fix that has taken over seems to go on endlessly. And at the same time investors like me have crossed our fingers to wait and watch what follows in this global share market. Each moment raises a hope to see rising fluctuations of the currency converters and see Indian rupee going upwards in the stock market, however, nothing comes handy but loss. The economic experts of Finance news India and finance news daily have predicted that the stock market will see further tumults in the nearing future.
As the Finance News India stated, it all began few years back. Mortgaging has brought the entire world economy come crashing down. Share market India stated that easy loans and free flowing economy let loose the entire thread of economic stability and even those who could not afford to pay back started getting loan easily.
Further, Money market also reflected that incurring bad debts very recently last year had well indicated the dark future for banking worldwide. It was the impact of these debts only that registered a doomed future for the entire world economy. When India stock news, share news and various finance channels made me realize, the real estate business was tumbling down, I knew my money in the banks was safe no more. Whatever fund investing I had done in India was on stake and I quickly withdrew my money. What I lacked was the trust on the financial security that these banks provided. At that particular moment I had no clue that other people were caught up in the same tumult. And this financial instability had led to lower investments and as a result to lower profits.
In this fragile world of finance, things have always been different. Where on one hand, global economic meltdown, impeding financial status, and bankrupt corporate houses and business entities, sacked employees, crashing currency exchange rates has left the world shunned and shocked, there are some industries where the economy is still flowering and where normal business follows. According to Finance News India and Share news, luxurious private jets, diamond jewelry, art and antique industry, Rolls Royce and various other royal rituals are still in demand and personal finance investing goes on unharmed. These are the arenas which seem to least affected with the financial distress that is being mourned over by investors, bankers, stock brokers round the globe.
The Stock Market might have roared of depletion and fluctuating financial calculators, however, the above stated jubilant and showy industries are still sparkling with the same jitter, pomp and show. Chanel, Armani, Dior and various brands are still lusted for and have no economic issues following. It is rightly said that glamour never dies and that is what makes these industries survive in the otherwise choking situation of economic tumult. As the share market India have depicted rightly, money invested in appropriate places never goes dull and waste and that is where personal finance tools exercise their power. Currency converters do not apply where money knows no bounds. The cash inflow in personal financial banking is unstoppable and the fund value always shoots up due to the personal finance tools, no matter what.