New Delhi - Indian equities dropped about 5 per cent soon after opening Tuesday, largely because investors were selling stocks to lock in profits from previous gains, given the gloomy global economic outlook and negative trading on other Asian markets, analysts said.
The 30-share Sensitive Index of the Bombay Stock Exchange traded at 10,006.1 shortly after noon (0700 GMT), 5.03 per cent below Tuesday's close.
The broader 50-share Nifty of the National Stock Exchange was down 4.92 per cent at 2993.25.
The Indian indices had gained more than 8 per cent during the past two trading days, and Tuesday's losses were registered by the same counters that had seen the largest gains - metals, banking, and oil and gas.
Bangkok - The global financial crisis caught up with Bangkok's property market last month when demand stagnated and large companies started to scale down their expansion plans, Jones Lang LaSalle, a professional real estate service company, said Tuesday.
"Impact of the global economic meltdown has become more evident since the global financial crisis erupted in October," said Yupa Sathienpabayut, Head of Markets at Jones Lang LaSalle.
Berlin - The mood among German investors remains downcast, a key indicator to be released Tuesday is forecast to show, with the survey representing a key test of sentiment in Europe's biggest economy amid the fallout from the world financial crisis.
Drawn up by the Mannheim-based Centre for European Economic Research, the ZEW index is forecast by analysts to have edged up slightly from minus 63 in October to minus 62 this month after signs that an element of calm has returned to global share markets after weeks of chaotic selling.
Tokyo - Japan's current account surplus shrank for the seventh-straight month in September, slipping 48.8 per cent to 1.5 trillion yen (15.17 billion dollars) as higher energy prices boosted imports, the Finance Ministry said Tuesday.
Exports in September increased 2.1 per cent from the same month a year earlier to 7 trillion yen, and imports jumped 32.7 per cent to 6.79 trillion yen.
The goods and services trade surplus narrowed 94 per cent to 96.1 billion yen as overseas demand weakened.
Washington - The world's largest banking lobby Monday called for additional government intervention to help avoid a global recession, but warned that any state takeovers of the private sector must be temporary.
In an open letter to US President George W Bush, who will host a summit of the world's 20 leading economies in Washington on Saturday, the Institute of International Finance called on world leaders to better coordinate their efforts to stabilize the financial system.
Bangkok - The global financial crisis caught up with Bangkok's property market last month when demand stagnated and large companies started to scale down their expansion plans, Jones Lang LaSalle, a professional real estate service company, said Tuesday.
Berlin - The mood among German investors remains downcast, a key indicator to be released Tuesday is forecast to show, with the survey representing a key test of sentiment in Europe's biggest economy amid the fallout from the world financial crisis.
Tokyo - Japan's current account surplus shrank for the seventh-straight month in September, slipping 48.8 per cent to 1.5 trillion yen (15.17 billion dollars) as higher energy prices boosted imports, the Finance Ministry said Tuesday.
Washington - The world's largest banking lobby Monday called for additional government intervention to help avoid a global recession, but warned that any state takeovers of the private sector must be temporary.
