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The Bombay Stock Exchange Sensex dips below 13K level, Nifty down by 209 points
Monday, September 22, 2008 www.hindustantimes.com
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Business
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The Bombay Stock Exchange benchmark Sensex on Thursday plunged below the 13k level and lost nearly 705 points in early trading on massive selling by funds, sparked by deepening global financial crisis after the collapse of US investment bank Lehman Brothers.
The 30-share index, which had lost nearly 1,685 points in the last seven sessions, moved down by 704.76 points or 5.31 per cent to 12,558.14
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The BSE benchmark rebounds after Chidambaram's assurance on PSU banks
Monday, September 22, 2008 www.hindustantimes.com
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Business
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The BSE benchmark Sensex recovered its early morning losses and was quoted 8.23 points higher at 13,271.13 level at mid-session after Finance Minister P Chidambaram said that public sector banks will not be affected by the US financial turmoil as they are not exposed to it.
The 30-share index, which lost 704.76 points in opening trade, staged a comeback to quote in positive territory at 13,271.13
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The share market gains after a roller-coaster ride
Monday, September 22, 2008 www.hindustantimes.com
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The share market took investors on a roller-coaster ride before ending Thursday with marginal gains after Finance Minister P Chidambaram assured that the Indian banking system was virtually unaffected by the US crisis.
Opening with a downward gap of 550 points, the benchmark Sensex of the Bombay Stock Exchange hit a day’s low of 12,558 points (down 704 points).
Bulls took charge towards the latt
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Indian stocks meltdown takes 4 lives in two cities
Monday, September 22, 2008 www.hindustantimes.com
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As the meltdown of Indian stocks continued since Monday in the wake of global cues, it seems to have melted the hopes of a sub-broker and his family in Hyderabad and those of a sub-broker in Indore.
With heavy losses staring him in the face and lenders pressurising him to pay back loans, K. Upender committed suicide along with his family in Hyderabad on Wednesday night.
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The Bombay Stock Exchange Sensex up 491 points in early trade
Monday, September 22, 2008 www.hindustantimes.com
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Business
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The Bombay Stock Exchange benchmark Sensex gained 491 points in early trade on Friday on emergence of buying by funds, triggered by firming global trend.
The 30-share index, which remained volatile in the last few session and was up by 52.70 points on Thursday, rallied by 491.49 points to 13,807.09 points.
Similarly, the wide-based National Stock Exchange's index Nifty rose by 141.85 points at
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The Bombay Stock Exchange crosses 14k level; up by 733 points at 1445 hrs
Monday, September 22, 2008 www.hindustantimes.com
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Business
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The Bombay Stock Exchange benchmark Sensex crossed the 14k level by surging by over 733 points in pre-close trading on Friday after PM Manmohan Singh and FM P Chidambaram expressed confidence that the global financial crisis will not affect Indian economy.
The 30-share index, which remained under selling pressure on weak global cues, spurted by 733.28 points, or 5.51 per cent to 14,048.88 at 1445
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The United States launches all-out attack on credit crisis
Monday, September 22, 2008 www.hindustantimes.com
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The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt.
Capping a week that has reshaped Wall Street, US Treasury Secretary Henry Paulson urged Congress to quickly agree on a programme for huge purchases o
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Finance Minister P Chidambaram allayed to stave off any spillover: FM
Monday, September 22, 2008 www.hindustantimes.com
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Business
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Finance Minister P Chidambaram on Thursday allayed fears over the global financial turmoil, saying the Indian economy is resilient enough to stave off any spillover.
“Let me assure everyone (that) there is no cause for any alarm that any Indian bank is exposed or is vulnerable like couple of banks that have failed in the US,” Chidambaram said. Global markets remained jittery for the fourth day am
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The Retail Industry Find New Mantra
Monday, September 22, 2008 www.hindustantimes.com
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Business
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After years of emphasis on investments and expansions, the retail industry has changed track to sustain their businesses in a scenario that is leading to a slowdown in the sector. Reeling under the pressures of high rentals and falling profitability, Indian retailers are taking a slew of measures to cut costs.
From reviewing stores and shutting non-performing ones to taking cost cutting drives in
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