Baba Ramdev’s agitation against black money has managed to get stronger and bigger compared to last year. The campaign looks better managed compared to previous year, when Delhi Police was successful in taking Baba Ramdev out of New Delhi quite easily.
The police has detained Baba Ramdev and over 300 supporters in nearly 50 DTC buses, however, the group has taken shape of big mob of supporters and is moving very slowly. Baba Ramdev has asked the supporters of the campaign to remain calm and to not break the law.
The entire Andhra Pradesh region has been facing rallies and shutdowns for the 11th consecutive day in a row in a bid to register the protest against the division of the State. The supporters of united Andhra Pradesh strongly demonstrated against the center's move by calling 'bandh' in Kadapa, Ananthapur and Chittoor Districts.
A large crowd of about 62,586 activists gathered in 900 places in 14 districts of coastal and Rayalaseema regions, holding sit-in protests at 24 places besides blocking road and railways traffic in many regions, impacting routine people's activities in the areas.
In a recent development which might pose problems for Overseas Territories and Crown Dependencies, a report by the British Treasury is all set to demand that these raise taxes to save from getting crushed under the economic crisis. It is being feared that British might have to bail out tax havens which are currently showing signs of acute financial stress, and in order to save others from the same fate, the country's authorities are urging Jersey, the Isle of Man, Cayman Islands, and others to take necessary steps now.
Asian stocks rose for a second day, led by mining companies and banks, as gold prices surged to a record and brokerages upgraded companies including Sumitomo Mitsui Financial Group. BHP Billiton Ltd., the world's biggest mining company, gained 2.7 percent and Newcrest Mining Ltd., Australia's largest gold producer, surged 6.4 percent in Sydney.
Positive global cues and firm buying at lower levels helped the Sensex recover early losses and close higher. The Sensex swung 366 points from its low point of 16,622 to finish up 92 points at 16,958. The Nifty gained 24 points to close at 5,027 after hitting an intra-day low of 4,921. Constant buying was seen in metal, FMCG, banking and capital goods stocks while telecom, technology, cement, realty and oil marketing shares remained under pressure The Oct Nifty future ended with 10 points premium.
Asian stocks rose for the first time in four days, led by companies reliant on overseas sales, after U. S. service industries returned to growth following 11 months of contraction and commodity prices gained.
U. S. service industries expanded in September for the first time in a year as the emerging recovery spread from housing and factories to the broader economy. The Institute for Supply Management's index of non? manufacturing businesses, which make up almost 90% of the economy, rose to 50.9, higher than forecast, from 48.4 in August, according to the Tempe, Arizona? based group. Fifty is the dividing line between expansion and contraction.
Indian markets fall as investors booked profit after a strong gain which pushed the Sensex below 17K and Nifty ends near 5K. Realty, telecom and metal stocks were the worst hit in today's session. The Sensex ended at 16,866 down 268 points. Nifty finished at 5,003 down 80 points after hitting a day's low of 4,991. Among the broader indices, the BSE Midcap Index fell 1.7% and Smallcap Index down 2.1%. All the sectoral indices were in the red barring FMCG. The market breadth was extremely discouraging. The Oct Nifty future ended with 9 points premium.
Asian stocks fell for a third day, led by technology and mining companies, after economist Nouriel Roubini said share prices may drop and a report showed the U. S. lost more jobs than estimated. Crude oil slid 1.2% on Oct. 2, the most in a week. A gauge of six metals, including copper and nickel, fell 2% in London, adding to the previous day's 2.8% drop.
New York University Professor Nouriel Roubini, who predicted the financial crisis, said stock and commodity markets may drop in coming months as the gradual pace of the economic recovery disappoints investors.
The Sensex ended at 17,134 up 7 points after trading in the band of 17,195?17,059 and Nifty ended flat to close at 5,083 after trading in a narrow range of 5,099?5,057. Buying was seen in select IT, metals and banking stocks while auto, oil & gas and healthcare counters remained under pressure. The market breadth was mixed and the total turnover was Rs 81,006 cr. The Oct Nifty future ended with 13 points discount. For the week the benchmark index ended 2.5 % higher.
Asian stocks fell, led by companies reliant on exports, after an unexpected drop in Chicago business activity raised concern the U. S. economic recovery will falter.
Strong fund based buying helped the Sensex closed above the 17,000 mark for the first time since May 21, 2008. The benchmark index advanced 274 points to close at 17,127 and the Nifty gained 77 points to end at 5,084 after it touched an intraday high of 5,087 and a low of 5,004. Huge buying in banking, auto, metals and cap goods stocks led the markets higher. The market breadth was positive throughout the session and the total turnover was at Rs 82,231 cr.
U. S. stocks declined as technology shares retreated from a one? year high and energy producers dropped as a stronger dollar dragged down oil, overshadowing the biggest gain in home prices in four years. Technology shares in the S&P 500 fell 0.7 percent after closing yesterday at the highest level since September 2008. The group is still the best? performing industry in 2009, having surged 45 percent. The S&P 500 Energy Index slumped 0.6 percent as the U. S. currency gained. Exxon, the biggest U. S. oil producer, lost 0.8 percent to $69.07.
The Nifty managed to close above the 5K mark as huge buying continued to see in pharma, IT and oil & gas stocks which kept the market momentum going. The Sensex closed up 160 points at 16,853 after trading in the narrow range of 16,907 - 16,802. The Nifty shut at 5,007 up 48 points or 0.97%. Among the broader indices, midcap and smallcap were also up 1% each. The breadth remained strong for the entire session but the market total turnover were lower at 65,365 cr. The Oct Nifty future ended with 10 points discount.
Asian stocks dropped, dragging the MSCI Asia Pacific Index to its biggest weekly decline in a month, after Nomura Holdings Inc. said it will sell new shares and sales of existing homes unexpectedly declined in the U. S.
The Sensex erased earlier losses and ended higher on short-covering witnessed in the last hour of trade due to Sept expiry. The Sensex closed 62 points higher at 16,781, recovering from the day's low of 16,494. Buying was seen in banking, reality and select IT stocks while auto and metal stocks were under pressure. The breadth was mix and the markets closed with one of the highest turnover in 2009 at Rs 1,43,881 cr. on settlement day. The Oct Nifty future ended at 5,002 with 15 point premium. In the September series, the markets touched a new 2009 high of 16,943 and 5,036 respectively. Both equity benchmarks closed with 6.3% gain led by banks, autos and metals.
The benchmark index slipped in late trade as investors booked profits after five? day wining streak. The Sensex was down 167 points at
16,719 after trading flat for most of the day. The Nifty ended below 5K at 4,970 down 50 points. Selling pressure was seen across all the sectors with only the BSE oil & gas index trading in the green. The Nifty Oct future ended at 4,981 with 11 point premium.
After a very long day of strong closing, markets have shown some kind of weakness ahead of the Sept expiry. Technically the oscillators on the daily RSI were at 73 indicating an extreme overbought sign and a pause for the rally was seen ahead.
The Federal Reserve will slow its purchases of mortgage securities, seeking to avoid disrupting the housing market as an economic recovery takes hold. "The Committee will gradually slow the pace of these purchases in order to promote a smooth transition in markets and anticipates that they will be executed by the end of the first quarter of 2010," the Federal Open Market Committee said in a statement today after meeting in Washington. The $1.45 trillion program was scheduled to cease by the end of this year. The Fed has bought about $862 billion of its $1.25 trillion agency mortgage? backed securities program, and $129.2 billion of a $200 billion program of U. S. agency bonds.
Asian stocks rose for the first time in three days after Citigroup Inc. raised Samsung Electronics Co.'s price estimate and Morgan Stanley lifted its rating on companies that make automobile batteries. The dollar weakened for the first time in three days against the euro on speculation Group? of? 20 leaders this week will call for gains in other currencies to help reduce global trade imbalances.
The markets ended the week with marginal gains but managed to stay above the 16,700/4,950 levels. Buying was seen in realty, auto, telecom, oil marketing, cement and oil & gas shares. The BSE Sensex closed at 16,741 up 30 points after trading in the range of 16,765 - 16,610 and the Nifty gained 10 points at 4,976. Among the broader indices - the BSE Midcap Index was up 0.45% and Smallcap Index up 0.77%. The market breadth was mixed and the Sept nifty future ended with 6 point premium.
U. S. stocks advanced for the seventh time in eight days after growth in retail sales and New York manufacturing topped economists' estimates and billionaire investor Warren Buffett said his company is buying equities. Sales at U. S. retailers surged in August by the most in three years, showing unexpected strength in consumer demand that extended beyond auto purchases spurred by the government's "cash? for? clunkers" program. The 2.7 percent increase exceeded economists' forecasts and followed a 0.2 percent drop in July. Retail sales were projected to rise 1.9 percent according to the median estimate of 73 economists in a Bloomberg News survey.
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