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Markets in free fall
Sensex loses 1,071; global stocks plummet. Mumbai, Oct. 24 Investors were witness to one of the blackest days in Indian stock market history as FIIs shed a record quantity of Indian stocks sending the Sensex plunging 11 per cent on Friday, ...

How far will FIIs go?
Mumbai, Oct. 24 As the intensity of selling by foreign institutional investors left the market belly up on Friday, (when FII net sales at Rs 1400 crore, were the highest for any single day), market watchers were wondering just how much more ...



Worrying times: Investors...
Borrowed money flees, triggering melt-down
As Indian investors come to terms with the carnage witnessed in stock markets on Friday, they can draw comfort from the fact that the 10 per cent decline in the Sensex was more due to de-leveraging by global investors than any fundamental ...


RBI leaves key rates unchanged
GDP target lowered to 7.5-8%. Mumbai, Oct. 24 Belying market expectations of further measures to boost investor sentiment, the Reserve Bank of India on Friday left all its key rates – repo, reverse repo and CRR – unchanged, in its ...

FIIs selling pulling down Re: Kamal Nath
The ongoing sell-off by foreign institutional investors (FIIs) in the stock markets has pulled down the rupee against the dollar, the Union Commerce and Industry Minister, Mr Kamal Nath, said here ...

Diamond biz in Surat goes on a longer holiday
DOWNTURN BLUES. The diamond business, which was estimated to have fetched revenues and foreign exchange worth about Rs 75,000 crore annually only a couple of years ago, no ...

Are Govt moves a futile exercise?
Chennai, Oct. 24 The Government, in coordination with SEBI and Reserve Bank of India, has announced a slew of measures to calm market sentiment amid global turmoil and improve domestic liquidity. But it seems those measures turned out to ...

Sept 30 benchmark ensures no trading halt
Trading of 639 stocks stopped due to heavy selling. Kolkata, Oct. 24 When the benchmark index falls 11 per cent in a session, it is obvious that there would be many stocks that would hit the lower circuit ...

‘Like being caught in a bomb blast’
Chennai, Oct. 24 The carnage in the equity market left investors and traders in “a situation that you can’t even dream of in your worst nightmare. Today we got an idea what it is like to be caught in a bomb blast…. Just as ...

Diwali offer: ‘Best time to invest’
Mumbai, Oct. 24 As the markets crashed with Sensex losing more than 1000 points on Friday, mutual funds have not faced much redemption pressure, though the NAVs of their equity schemes would have seen erosion in ...

Tata Steel net rises on volumes, value-added products
Net profit up 50%; drop in steel prices likely. Tata Steel has attributed the 50 per cent growth in net profit for the second quarter of this year over the same period last year to higher volumes and sale of better value-added products. Steel ...

Cos see more headroom for growth in Europe
‘Financial segment soft, but other verticals promising’. Bangalore, Oct. 24 Notwithstanding the gradual spread of economic crisis to Europe, Indian IT firms are bullish on prospects in Continental Europe that’s slowly warming ...

Market trends point to further downside in rupee
FIIs’ exit, yen carry trade reversals weigh down sentiment. Bangalore, Oct. 24 The rupee has shed about 25 per cent since the beginning of this financial year on the back of massive exodus by foreign institutional investors ...

Maruti net down 36%; to hike prices
Rise in raw material prices, foreign borrowing losses. An increase in raw material prices, losses on external commercial borrowings and a new depreciation policy on its tools triggered a 36 per cent drop in Maruti Suzuki’s net profit at Rs ...

Revenue, fiscal deficits may exceed budget estimates: Govt
Fiscal consolidation continues to be in focus. New Delhi, Oct. 24 It’s official now. The Government has admitted that the final figures of fiscal deficit and revenue deficit for the current fiscal might exceed the budget estimates, ...

Auto cos seek price cuts from vendors
‘Take advantage of commodity price dip’. New Delhi, Oct. 23 It is now the turn of automobile companies to ask their vendors for a price revision. They want their suppliers to cut prices as commodity prices dip ...

Gold prices ease ahead of Diwali
Mumbai, Oct 24 Dhanteras (holy thirteenth day of this lunar month) and Diwali are set to bring cheer to gold buyers even as domestic prices track the fall in international ...

Markets this Week (Latest Audio:English/Tamil)

‘Low’ pops up over Bay, to intensify
Thiruvananthapuram, Oct 24 The Bay of Bengal has spun off a ‘low’ on Friday in line with forecasts amid signals that the system may intensify into a depression within the next two ...


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Markets (Oct 24)
Nifty (at close)2584.00(-359.15)
US Dollar (Buy/Sell)49.77/79
Brent crude (a bbl) Rs3,108
Gold (a gram) Rs1,145
Silver (a kg) Rs17,955


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