Markets closed due to Maharashtra electionOctober 12th, 2009 MUMBAI - Indian equities markets were closed Tuesday due to Maharashtra assembly elections. Trading will resume Wednesday.
UAE bank organises global seminar on financial marketsOctober 8th, 2009 ABU DHABI - A workshop was organised here to address the challenges facing the corporate world in the volatile global markets, WAM news agency reported Thursday. Seventy professionals of top companies participated in the Global Financial Markets Workshop organised by the National Bank of Abu Dhabi (NBAD) in the United Arab Emirates (UAE) capital.
Equities markets to remain closed FridayOctober 1st, 2009 MUMBAI - Indian equities markets will remain closed Friday on account of Gandhi Jayanti.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed the week 2.1 percent or 353.12 points up at 17,126.84 points.
Asian markets narrowly higher amid optimism region is leading global recoverySeptember 22nd, 2009 Asian markets higher amid recovery optimismHONG KONG — Asian stock markets were narrowly higher Tuesday amid optimism the region's economies can help lead a global recovery. Most markets gained in lackluster trade, with Japan and a couple other countries' bourses closed for holidays.
Asia markets higher amid optimism about global recovery; Europe gainsSeptember 22nd, 2009 Asia markets higher amid recovery optimismHONG KONG — Asian stock markets were narrowly higher Tuesday amid optimism the region's economies can help lead a global recovery. European markets also rose.
World stock markets mostly lower as investors look ahead to Fed meetingSeptember 21st, 2009 World stocks lower as investors eye Fed meetingLONDON — World stock markets were modestly lower Monday as investors look to this week's Federal Reserve meeting for more clues about the strength of the U.S. recovery. In morning trading in Europe, Britain's FTSE 100 was down 0.6 percent to 5,139.84, Germany's DAX dropped 1 percent to 5,647.83 and France's CAC 40 lost 0.5 percent to 3,809.67.
Asian stocks mostly lower as investors look ahead to Fed meeting; Shanghai off 1.5 pctSeptember 21st, 2009 Asian stocks lower as investors eye Fed meetingHONG KONG — Asian stocks were modestly lower Monday as investors look to this week's Federal Reserve meeting for more clues about the strength of the U.S. recovery. A number of markets across the region including Japan were closed for holidays.
Sensex ends 637 points down (Third Lead)August 17th, 2009 MUMBAI - Thanks to weak global cues and continued profit selling, a key index of the Indian equities markets Monday shed 637 points to close below the 15,000-mark. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower at 15,284.23 points, ended at 14,774.01 points (provisional), down 637.62 points or 4.14 percent.
Mahindra Holidays' IPO to hit market June 23June 18th, 2009 MUMBAI - Leisure hospitality provider Mahindra Holidays and Resorts, part of the Mahindra Group, Thursday said its initial public offering (IPO) will hit the capital market June 23. The company plans to offer 9.27 million shares of Rs.10 each through a 100 percent book building route.
Mahindra Holidays may delay initial public offerMay 15th, 2009 NEW DELHI - With the market in 'the most unstable phase', Mahindra Holidays and Resorts, a part of the Mahindra group, will enter the primary market only after the equities markets stabilise, said a senior official here Friday. 'There is no point of launching IPO (initial public offer) in such market conditions.
Asian stocks mixed after big rally as investors turn cautious ahead of US bank "stress tests"May 5th, 2009 Asian stocks mixed ahead of US bank "stress tests"SHANGHAI — Asian markets were mixed Tuesday after the previous day's big rally as investors turned cautious ahead of the U.S. government's "stress tests" for the 19 largest American financial companies later this week.
Oil falls below $51 in Asia as month-long trading range holds amid weak consumer demandMay 1st, 2009 Oil falls below $51 amid weak consumer spendingLONDON — Oil prices fell below $51 a barrel Friday in light holiday-affected range trading. Benchmark crude for June delivery was down 47 cents to $50.65 a barrel by late morning London time in electronic trading on the New York Mercantile Exchange.
Rupee closes at new lowFebruary 28th, 2009 MUMBAI - The Indian rupee closed at a new low of Rs.51.10/12 against one US dollar as importers stepped up demand for the greenback and foreign investors pulled out $59.20 million from capital markets during the day. The rupee had touched a historic intra-day low at Rs.51.17 to a dollar but recovered to close at Rs.51.10-levels.
Indians most optimistic about economy: SurveyJanuary 12th, 2009 NEW DELHI - Amid a worldwide economic downturn, Indians have emerged as the most optimistic lot as people who think that their country will climb out of recession in the next 12 months, a survey said. 'Despite the global economic recession, about 51 percent Indians, the highest in the world, seem to be quite confident of the economy picking up in the near future,' said Sonia Pall, Executive Director in Consumer Research at The Nielsen Company, which conducted the survey.
Markets fall second day in a rowDecember 22nd, 2008 MUMBAI - Indian equities fell the second consecutive day Tuesday as a key index closed 2.43 percent amid continued selling by investors. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at 9,686.75 points, a fall of 241.6 points or 2.43 percent from its previous close Monday of 9,928.35 points.
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