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Showing posts with the label Market News 28-12-2007

Day end Note, Sensex : 20206.95 (-9.77) Nifty : 6079.70 -1.80

Indian mkts least hit by Pak tragedy; end flat (Source : moneycontrol 28th Dec 2007) The markets ended flat amid a highly volatile session. The cues from Asian peers and other equity markets were not very encouraging. The news from across the border of Pakistan's former Prime Minister Benazir Bhutto's assassination has been very disturbing for the markets. The Indian markets were however resilient and outperformed rest of the Asia closing flat. Midcap and small cap stocks continued their upmove. FMCG, metal and realty stocks also witnessed buying interest. Profit booking has seen in select auto technology stocks. The breadth was strong in the favour of advances. Wipro, Bharti Airtel, Bajaj Auto and TCS were top losers on the bourses while DLF, Ambuja Cements, Tata Steel, Unitech, PNG and Nalco among top losers. Reliance Energy, Transformers & Rectifiers, RNRL and Reliance Industries were most active shares. More

Market News

Asian mkts shaken by Bhutto killing (The Economic Times 28th Dec 2007) Asian stocks fell on Friday as news of the assassination of Pakistani opposition leader Benazir Bhutto and fears over regional political turmoil triggered a flight to less risky assets such as bonds and gold. Investors fear that Bhutto's killing on Thursday at a political rally in Rawalpindi could spark instability in the region and civil unrest within Pakistan. More Nikkei ends 2007 down 11%, first loss in 5 yrs (Live mint.com 28th Dec 2007) The Nikkei average ended 2007 with a loss for the year of 11% on Friday, its first fall in five years and making Tokyo the world’s worst-performing major stock market. The market reached its high for the year in February but was overshadowed by booming markets and vibrant economies elsewhere in Asia and in recent months has been dogged by the US subprime problems and resultant credit crunch. The year’s final trading day in Friday saw exporters such as Canon Inc among th...