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  • Standard Chartered Bank allotted $197.38mn
  • Barclays Capital allotted $155.18mn, DBS allotted $300mn
  • Reallocation as FIIs failed to invest allotted component
  • Reallocates $1.31bn to FIIs for corporate debt invst
  • CNX Midcap down 1.3%, Smallcap Index down 1.8%
  • BSE Advances at 30.24%, Declines at 66.77%
  • Govt wants to focus on construction sector
  • Govt may not give direct sops to auto sector
  • Steel duty cut may provide relief to auto sector
  • Govt may cut excise duty on steel and cement
  • Govt may rejig duty to help SMEs: Ashwini Kumar
  • Anti -dumping laws to be strengthened
  • HCL Technologies announces partnership with Xerox
  • Govt to increase focus on infra spending
  • Banks want realtors to cut prices or sell properties
  • Pressure on RBI to cut rates has somewhat eased
  • Outstanding bank credit on Nov 7 at Rs.27.12 lk cr: NW
  • Banks encouraged to use special refinance facility: RBI
  • Use special refinance to give loans to SMEs: RBI
  • Banks' total deposit grew 20.4% on year to Nov 7: NW
  • Banks' total credit grew 26.5% on year to Nov 7: NW
  • RBI to allocate upto $10bn from FX reserves to fund: Srcs
  • RBI may set up a special $ fund for infra cos: Sources
  • FIIs net sell $91.5mn in equity on Nov 18
  • Power Grid approves 3 investment proposals
  • Approves Rs.7031cr investment in Sasan project
  • MFs net sell Rs.45cr in equity on Nov 18
  • Nifty falls 135 pts from day's high; Down 1.8% at close
  • Sensex sheds earlier gains; Down 1.8% at close
  • CNX Midcaps down 1.3%, Smallcap Index down 1.8%
Updated: 14/11/08 | 08:35 AM IST
Market Watch
Investors did an abrupt turnaround on Wall Street on Thursday, muscling the Dow Jones industrial average up more than 550 points after driving it down near its lows for the year on a stream of negative economic and corporate news.
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Asian stock markets tumbled on Thursday as more signs of a sharp downturn in the U.S. economy spurred investors to dump shares of exporters like Sony and resource companies like BHP Billiton.
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Asian markets are trading sharply lower today tracking sharp losses overnight in Wall Street. Hong Kong's stock index has plunged more than 6 percent in early trade.
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An increasingly despondent Wall Street fell for the third straight session on Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all.
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Despite a higher industrial output in September, which was described as “encouraging” by the Finance Minister, the Sensex plunged 303 points on fears of global recession. Asian markets also faltered on Wednesday.
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The markets are weak in the afternoon deals today. The Sensex moved briefly into the green after the announcement of the IIP numbers, but could not shake off volatility. The benchmark index is down over 300 points.
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The Sensex moved into the green after the announcement of the IIP numbers, but could not shake off volatility. The industrial output in September grew at 4.8 per cent from 1.3 per cent in August. The broader stock indicator Nifty also gained marginally.
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The markets are weak in early deals with the Sensex trading well below the 10K mark. Heavy selling has emerged in realty, metal and banking stocks. The Nifty is trading 2.7 per cent lower.
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The Indian rupee today fell by 37 paise against the greenback in early trade on heavy dollar buying by banks and pick-up in demand from importers amid weak Asian equity markets.
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Asian markets are trading sharply lower following Wall Street's overnight fall. US stocks dipped yesterday as investors recognized that few industries are safe from the consumer spending slump.
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Global Crisis
No job cuts, but hiring to dip: Nasscom
The Indian IT industry will retain employees but will go slow on hiring this fiscal (2008-09) following declining growth rate, the organisation representing the industry said here on Wednesday.

 
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Hemen Kapadia
Hemen Kapadia
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Simi Bhaumik
Simi Bhaumik
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I advice the investors to exit the stock
The investors can quit the stock at the resistance level of Rs 220