Friday, Sep 23, 2011
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SENSEX SHEDS 199 PTS ON GLOBAL SELL-OFF, FALLING RUPEE
U.S.ON RECESSION PATH, SAY ROUBINI, SOROS & ROACH
A US recession? Oh yes, it's looking very likely, according to an increasing number of influential financial market experts. The most recent entrant to join the 'gloom' list is Stephen Roach, non-executive chairman of Morgan Stanley Asia, who said he feared the U.S. would relapse into a recession over the next six to nine months. read more |
WORLD MKTS HIT 14-MTH LOW; NO FAITH IN G20 PLEDGE
Global stocks fell to 14-month lows on Friday and the euro reversed gains as growing concern about the impact on the banking sector of a possible Greek default offset vows from G20 leading economies to shore up the financial system. read more |
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SENSEX SHEDS 199 PTS ON GLOBAL SELL-OFF, FALLING RUPEE
Sensex closed at 16,162.06 points amid grim U.S. growth outlook, debt troubles in Europe. Nifty ended at 4,867.75 down 55.90 points. read more |
SILVER HITS 3-MTH LOW, DOWN RS 6,530
Global sell-off in commodities hit the domestic bullion market. Silver fell to a 3-month low of Rs 6,530/kilo to end at Rs 56,875. read more |
SEBI NOTIFIES NEW TAKEOVER NORMS
SEBI's (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, announced today, will come into effect from the next month. read more |
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| AT A GLANCE |
| BSE | 16162.06 | -199.09 |
| NSE | 4867.75 | -55.9 |
TURNOVER
Rs. 220,853 cr
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BSE CASH
Rs. 2,591 cr
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NSE CASH
Rs. 11,916 cr
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NSE F&O
Rs. 206,344 cr
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| BULLION |
| GOLD | 27055 | -860 |
| SILVER | 56924 | -4960 |
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| CRUDE |
| NYMEX | 79.55 | -0.96 |
| BRENT | 104.91 | -0.58 |
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| FOREX |
| $ / Re | 49.42 | -0.15 |
| £ / Re | 76.393 | +0.34 |
| € / Re | 66.751 | +0.03 |
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| EVENTS |
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| 23-25 September |
 | Finance Minister Pranab Mukherjee To Attend IMF World Bank Meet, Washington |
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| 26 September |
| 2G case: CBI To Argue On Law Ministry Report On September 26 |
| CBI Special Court To Hear Arguments On CBI Custody Of Gali Janardhana Reddy |
| 3rd Global CSR Summit, Indispensible To Corporate DNA, Taj Mahal, New Delhi |
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| 27 September |
| Conference On Mines, New Delhi |
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| 27-30 September |
| Conference On Six Sigma, New Delhi |
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| 28 September |
| Finance Ministry To Hold Secretary-Level Meeting To Assess The Progress On Various Suggestions Given By India Inc To Give A Fillip To The Economy |
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| EXPERT VIEWS |
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"If the crisis deepens further and there is greater volatility in financial flows, there is an increased risk of this (currency war) happening. But our view is that if such tensions arise, it should be eased through the dialogue and not through competitive devaluations."
Pranab Mukherjee
Finance Minister
"I don't know what note you people are talking about, in any case the matter is before the court, it is not proper for me to comment on a matter that is subjudice. But as far as Mr Chidambaram is concerned, as finance minister he continues to enjoy my full confidence, as home minister he continues to enjoy my full confidence."
Manmohan Singh
Prime Minister
"I still think a double-dip recession for the world's major economies is unlikely. But my confidence in that belief is being eroded daily by the steady drip of difficult economic news. A crisis made in the developed world could become a crisis for developing countries."
Robert Zoellick
World Bank President
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