May 19, 2006, NEW YORK - Wall Street stabilized at the end of a difficult week Friday, closing moderately higher as investors shook off some of their stress about interest rates. The major indexes each lost about 2 percent this week.
NEW YORK (AFP) - The dollar gained ground against the other main currencies as the market focused on the prospect of further increases in US interest rates. The euro fell to 1.2778 dollars at 2100 GMT from 1.2857 dollars late on Thursday in New York.
The London market was unable to find a settled level on Friday as the FTSE 100 (news) continued its recent volatility. The index again spent time either side of the flatline, closing 0.3 per cent lower at 5,657.4. The FTSE 250 bounced on Friday, ending 0.6 per cernt higher at 9,192.6. A sharp fall in the copper prices dragged miners lower, as copper fell as much as 6.7 per cent, its worst one-day slide for 17 months.
All major indices across the globe dropped. The following lists shows index drop percentage for the current week. [May 12, 2006 to May 19, 2006.]
India is the only country which is severely hit because of this global downtrend. BSE Sensex dropped from 12200 to 10950 which is -10.24% approx in 5 Trading Sessions. That is a huge fall for Sensex so far. Second which tops next to India is Brazil Market - 5.75%
Sensex – 12200 – 10950 => -10.24 % (India)
BVSP – 40000 – 37700 => -5.75% (Brazil)
FTSE - 5900 – 5650 => -4.24 % (United Kingdom)
CAC 40 – 5150 – 4940 => -4.1% (France)
DAX – 5900 – 5670 => -3.9 % (Germany)
SES – 2580 – 2490 => -3.5% (Singapore)
Nasdaq – 2240 – 2180 => -2.68 % (USA)
DJI – 11400 – 11100 => -2.63 % (USA)
HKSE – 16700 -16300 => -2.4% (Hong Kong)
Nikkei – 16400 – 16150 => -1.52% (Japan)
For your eyes only, some of the leading world stock market indices trend (3 months) are as follows. One can witness the fall in all major indices during past 1-2 week trading sessions.
Definitely if the world market bounces back, then SENSEX will be the leader in out performing its peers. Today NASDAQ ended in positive node. Hopefully Indian Market will be bouncing back rigorously on Monday, May 22, 2006.
INDIA BSE
NEW YORK (AFP) - The dollar gained ground against the other main currencies as the market focused on the prospect of further increases in US interest rates. The euro fell to 1.2778 dollars at 2100 GMT from 1.2857 dollars late on Thursday in New York.
The London market was unable to find a settled level on Friday as the FTSE 100 (news) continued its recent volatility. The index again spent time either side of the flatline, closing 0.3 per cent lower at 5,657.4. The FTSE 250 bounced on Friday, ending 0.6 per cernt higher at 9,192.6. A sharp fall in the copper prices dragged miners lower, as copper fell as much as 6.7 per cent, its worst one-day slide for 17 months.
All major indices across the globe dropped. The following lists shows index drop percentage for the current week. [May 12, 2006 to May 19, 2006.]
India is the only country which is severely hit because of this global downtrend. BSE Sensex dropped from 12200 to 10950 which is -10.24% approx in 5 Trading Sessions. That is a huge fall for Sensex so far. Second which tops next to India is Brazil Market - 5.75%
Sensex – 12200 – 10950 => -10.24 % (India)
BVSP – 40000 – 37700 => -5.75% (Brazil)
FTSE - 5900 – 5650 => -4.24 % (United Kingdom)
CAC 40 – 5150 – 4940 => -4.1% (France)
DAX – 5900 – 5670 => -3.9 % (Germany)
SES – 2580 – 2490 => -3.5% (Singapore)
Nasdaq – 2240 – 2180 => -2.68 % (USA)
DJI – 11400 – 11100 => -2.63 % (USA)
HKSE – 16700 -16300 => -2.4% (Hong Kong)
Nikkei – 16400 – 16150 => -1.52% (Japan)
For your eyes only, some of the leading world stock market indices trend (3 months) are as follows. One can witness the fall in all major indices during past 1-2 week trading sessions.
Definitely if the world market bounces back, then SENSEX will be the leader in out performing its peers. Today NASDAQ ended in positive node. Hopefully Indian Market will be bouncing back rigorously on Monday, May 22, 2006.
INDIA BSE
BRAZIL BVSP
London FTSE
FRANCE CAC-40
GERMANY DAX
SINGAPORE SES
USA - NASDAQ
USA DJI
HONG KONG HKI
JAPAN NIKKEI
2 comments:
arasa .. i think it is time you thought about your job in INFY .. it is time to move on baby! pesama oru stock analyst-a maridu ...
Yeah, I also feel that you do this very well. Probably you may think of starting up an investment company or do an MBA in finance and become an investment banker where you get to do what you (love to) do now and earn more than what you earn now.
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