Stock Markets

Sensex Ends 800.51 Pts Down At 10,527.85

The Indian stock market crashed on Friday (Oct 10) by losing more than Sensex Ends 800.51 Pts Down At 10,527.85800 points at close. 

The markets remained under huge pressure throughout the day because of turmoil in worldwide markets. Sharp fall in rupee and poor IIP numbers also dragged the Sensex down. 

Technology giant Infosys was down despite better-than-expected quarterly figures. 

RBI and government are taking all possible steps to improve liquidity situation in the Indian market. 

Bush seeks to reassure fearful investors ahead of G7 meeting

Bush seeks to reassure fearful investors ahead of G7 meeting Washington - President George W Bush sought to assure the world that the US government was doing all it could to keep the world's largest economy afloat as global stocks were in free-fall on Friday.

Bush said a "startling" drop in US stocks in the last few days was being "driven by uncertainty and fear," and insisted the US already had all the tools necessary to resolve the financial crisis.

Trading suspended in Sao Paulo Stock Exchange as prices plunge

Sao Paulo  - Trading was suspended Friday on the Sao Paulo Stock Exchange, after the leading index Bovespa plunged more than 10 per cent about an hour after opening.

The 10.1 per cent drop in share prices recorded at 10:35 am (1335 GMT) activated an automatic circuit breaker, triggered when stocks drop below a certain level and automatically suspending trading for half an hour.

On Friday morning, the Bovespa index - which had neared 74,000 in May - was on 33,308.08.

Pakistan plans to unfreeze stock market by October 27

KarachiKarachi- Pakistan's main Karachi bourse on Friday reluctantly decided to unfreeze itself by October 27 only if the government fixes a cap on interest rates on loans taken by top brokers, sources said.

"The decision to unfreeze is only tentative. We are watching the government to see if it will inject money into the market and put a cap on interest rates," Akeel Karim Dhedhi, chairman of local giant AKD Securities told Deutsche Presse-Agentur dpa.

Wild opening on Wall Street

Wall Street sets negative records after bailout failsWashington- US stocks dropped sharply within minutes of opening on Wall Street Friday, but rallied just as quickly amid widespread uncertainty over the state of the US economy.

The Dow Jones Industrial Average plunged more than 600 points, briefly falling below 8,000 points, before paring nearly two-thirds of those losses. The blue-chip Dow was back to a less than

Arab bourses to remain cautious despite Thursday's rebound

Arab Stock MarketAmman - Arab stock markets, which witnessed a strong rally on Thursday, are expected to be vigilant next week with investors monitoring any developments on Wall Street and other global markets, financial analysts said Friday.

The rebound followed a bloody week that reportedly cost the Arab world about 180 billion dollars in losses.

Pages