'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Sindh Today Oct 23, 2008 Spreading Contagion Brings Key Equities Index Below ...Jagannadham Thunuguntla
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Pro Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Aussie Indo Lanka Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
News Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Sify Business Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Yahoo News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Sindh Today Oct 23, 2008 Spreading Contagion Brings Key Equities Index Below ...Jagannadham Thunuguntla
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Pro Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Aussie Indo Lanka Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
News Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Sify Business Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Yahoo News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'The markets are holding up despite the bad GDP (gross domestic product) numbers and things like the rupee hitting an all-time low. One cannot be sure of how long this resilience will continue though,' said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
The Sentinel Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'The markets are holding up despite the bad GDP (gross domestic product) numbers and things like the rupee hitting an all-time low. One cannot be sure of how long this resilience will continue though,' said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
The Sentinel Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Sulekha Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Silicon India Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Latest News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
South Asia News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Manglorean Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
“Markets are certainly looking at election results with some apprehension, but what is also true is that they are in for a correction. Elections might act as the trigger for such a correction,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
IndiaeNews Dec 1, 2008 Equities Erase Gains, Key Index Sheds 252 PointsJagannadham Thunuguntla
“There is now so much uncertainty that the only thing certain is uncertainty”, said Jagannadham Thunuguntla, director of the country's fourth largest share brokerage firm, the Delhi-based SMC Group.
The markets are, therefore, searching for direction as there are so many issues to understand - global economic slowdown, geopolitical issues as well as domestic political issues, Thunuguntla said trying to explain Monday's volatility, which saw the Sensex end up losing nearly 500 points from the intra-day high of 9,326.68 points.
Also today's trading shows the market has not forgotten the fundamental global economic and financial situation which is far from encouraging, he said.
'The markets are holding up despite the bad GDP (gross domestic product) numbers and things like the rupee hitting an all-time low. One cannot be sure of how long this resilience will continue though,' said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
Similar to India Forums Sept 2, 2009 Sensex Closes 0 (15)
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
India Forums Sept 2, 2009 Sensex Closes 0
1. Sensex closes 0.74 percent down
Tue, Sep 1 05:15 PM
Mumbai, Sep 1 (IANS) A key index of the Indian equities markets closed at a loss the second
consecutive day, ending Tuesday 115 points lower than its previous closing figure as realty, metal
and power stocks came under selling pressure.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at
15,691.27 points, ended at 15,551.19 points, down 115.45 points or 0.74 percent. It had risen
256.45 points to 15,923.09 points in the afternoon.
The broader-based Nifty of the National Stock Exchange (NSE) aped the Sensex and closed lower
at 4,625.35 points, down 0.79 percent.
Greater selling was seen in mid- to small-market capitalised scrips, resulting in the BSE midcap
index ending 1.45 percent lower and the BSE smallcap index closing 1.51 down.
The market breadth was negative, with 1,151 stocks advancing, 1,658 declining and 62 remaining
unchanged.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic
monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'But these will surely pass. All in all, the markets will continue to move up because India is one of
the few attractive destinations for foreign money,' added Thunuguntla.
Among the gainers were Maruti Suzuki, up 7.61 percent at Rs.1,545.95; Tata Motors, up 5.82
percent at Rs.517.85; Hero Honda, up 1.55 percent at Rs.1,534.75; and Wipro, up 1.5 percent at
Rs.559.
The leading losers were ACC, down 3.62 percent at Rs.779.45; Sterlite, down 2.88 percent at
Rs.655.85; HDFC, down 2.49 percent at Rs.2,412.95; and BHEL, down 2.31 percent at
Rs.2,261.20.
Other important Asian markets ended on marginal gains with the Nikkei, a key index of the
Tokyo Stock Exchange, closing 37.53 points higher at 10,530.06 points, 0.36 percent up from its
previous close.
At the Shanghai Stock Exchange, the SSE Composite index ended 0.6 percent up at 2,683.72
points, after losing almost 7 percent Monday.
2. The primary index of the Hong Kong Stock Exchange, Hang Seng, too closed higher at 19,872.3
points, up 148.11 points or 0.75 percent.
But major European exchanges slipped into the red after a green start. In Britain, the FTSE 100
index was ruling 1.26 percent lower at 4,846.86 points, while its French peer, the CAC 40, was
down 0.94 percent at 3,619.34 points.
Germany's DAX was also ruling negative at 5,378.86 points, down 1.45 percent.