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  • NDTV Profit launches 'Ideas For Change' campaign
  • Send suggestions to ideasforchange@ndtv.com
  • Join the NDTV Profit Campaign for change
  • email us at ideasforchange@ndtv.com
  • Nov ISM Non-Manufacturing Index falls to 37.3
  • Crude oil inventories for wk ended Nov 28 dn 456,000 bbl
  • Expect all responsible nations to cooperate
  • Not going to speculate on investigations into 26/11
  • Terrorists behind Mumbai attack came from Pakistan
  • U.S. will work closely with India in anyway it can
  • India's action will depend on response from Pakistan
  • New Maharashtra CM to be announced tomorrow
  • Congress accepts Maha CM Deshmukh's resignation
  • Commodities to remain under pressure as economies slow
  • Q3 Productivity rises 1.3%; Labour costs up 2.8% (QoQ)
  • Asks telecom department about spectrum, licence: NW
  • Seeks telecom department's reply on 3G, M&A: NW
  • NDTV Profit Campaign: ideasforchange@ndtv.com
  • Mumbai Terror: NDTV launches campaign for change
  • Inflation for wk ended Nov-22 seen at 8.95% vs 8.84% (WoW)
  • Continue to believe that deal is not taxable in India
  • Confident of a positive outcome of the case: Vodafone
  • Reviewing capex plans due to economic slowdown: NW
  • See delay in technology infra development: NW
  • Cost cutting measures already in place: NW
  • SAIL cuts prices by Rs.1200-1600/tn in certain products
  • We keep looking for opportunities: Essar
  • We do not comment on specific projects or speculations
  • MFs net sell Rs.326.8cr in equity on December 2
  • Court slots next hearing on 10th December
Updated: 03/12/08 | 07:00 PM IST
Market Watch
Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion on Tuesday.
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Despite a strong show by the Asian markets and an overnight rally by Wall Street, the Sensex ended flat amid lacklustre trade. The benchmark index ended at 8,747, up just 8 points.
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A recovery from lower levels proved short-lived as the markets slipped once again in red in the afternoon trade. The BSE 30-share Sensex was down 0.5%.
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Despite positive global cues and Sebi’s moves to increase liquidity, the Sensex gave up early gains to move lower. Cautious investors are holding back from taking fresh positions.
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The markets are flat in early trade despite a strong overnight rally on Wall Street and firm Asian markets. The Sensex has slid 10 points while the Nifty has lost 0.2 per cent.
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US auto sales plunged 37 per cent in November to their worst level in more than 26 years, dashing expectations that this dismal year for vehicle demand had found a bottom, and adding more ammunition to the Detroit automakers' case for a congressional lifeline.
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In a session that showed more indecision than conviction, the stock market rebounded on Tuesday from the previous day's massive decline. The Dow Jones industrials rose 270 points after fluctuating sharply, and all the major indexes rose more than 3 per cent.
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Defying the expectations of many analysts, Sensex managed to avoid heavy selloff in the wake of a rout in global markets. The benchmark index ended 100 points lower at 8,739.
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The benchmark index continues to be in the red but it has recovered from the day’s low. Stock-specific buying surfaced at lower levels.
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The benchmark index plunged further in the noon trade after Asian stock extended losses following record overnight losses on Wall Street and dismal numbers of the US economy.
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Global Crisis
GM to slash up to 31,500 jobs in US
General Motors told lawmakers that it plans to cut up to 31,500 more jobs in the United States, as it confronts a severe slump that has it begging Congress for a $18-billion bailout.

 
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The counter is in the heavily oversold zone
I advice the investor to hold the stock with a 2-3 years perspective