November 4, 2008
Logix Microsystems Ltd. (LML) is a niche automobile imagery product developer offering various specialised online products and web solutions mainly to the US automobile industry. It provides customised web solutions and online marketing platforms to automobile OEMs, web portals and automobile dealers in the US. The company services over 500 auto dealers with over 1,200 showrooms, auto portals like Yahoo Autos, AOL Autos and auto OEMs viz., General Motors, Ford Motor Co., Mitsubishi Motors, etc. The company has a small internet presence through web portal www.carazoo.com.
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Logix Microsystems
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October 27, 2008
Asian markets extended Friday’s slide today as well. The Hang Seng posted a fresh low of 11,960 this morning, while the Nikkei remains volatile. Other Asian indices including Kospi are taking a breather after last week??™s sharp decline.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081027/
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October 24, 2008
With the Asian markets sliding further down this morning, today is all set to be another day for the bears. The Nikkei is down 600 points, dropping below the 8,000 level for the first time since May 2003. The Kospi fell below the 1000 level a level witnessed for the first time since June 2005.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081024/
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October 23, 2008
Asian markets plummeted this morning on fears of a global recession. A major sell off in the exporter stocks pulled the Nikkei down to its lowest level in over five years. The Hang Seng is trading below its sentimentally crucial support level of 14,000. Back home, Indian markets are seen following global cues. Yesterday, the Sensex dropped 5% from its high of 10455. TCS reported 8.5% growth in topline and 1.5% in bottomline in Q2, which was far below expectations.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081023/
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October 22, 2008
A strengthened Yen brought the Japanese markets down this morning. Overnight fall of the US markets also led to negative sentiments in Asian markets. Fears of global recession are mounting. We expect Indian markets to perform in line with their global counterparts and remain negative today. Apart from the weak global cues we may see a profit booking in heavyweight stocks.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081022/
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October 21, 2008
Following the strong overnight close of the US markets, the Asian markets have followed suit this morning. The market??™s reaction to the repo rate cut by RBI is largely positive. However, the prime minister has warned of slower economic growth during the current year. We believe stocks have been oversold over the last week in particular, and the relief rally seen yesterday may continue in the early part of the session today.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081021/
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October 15, 2008
Following cues from the US markets, Asian markets opened weak today. Fresh worries of a slowing global economy have impacted stocks of shipping companies and exporters in Asian markets. While the Nikkei is volatile, the Hang Seng recorded a sharp drop early in the session.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081015/
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October 14, 2008
Asian markets predictably opened strong this morning, following the rally in US stocks overnight. The Nikkei gained 13% this morning, boosted by from international government measures to pour cash into struggling banks and restore confidence in the global financial system. Following the government interventions across continents, the market slide seems to have been reversed for the moment. However, back home the picture is clearly not rosy, as evident from the weak growth in IIP. The September quarter results will be keenly watched by market players to decide on trading strategies. As for today, we expect the domestic markets to have strong opening, though some profit-taking is likely in the later part of the trading session.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081014/
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October 7, 2008
Asian markets fell sharply this morning, after deep losses in the US markets. The Strengthened yen (JPY) pushed the Nikkei dropped below the 10,000 level for the first time since December 2003. The RBI and Sebi have announced few steps to reduce the liquidity crunch in India. While RBI reduced CRR by 50bps, Sebi eased norms on Participatory Notes (PNs). While we may expect a relief rally on account of these measures, we believe profit taking may happen at higher levels, leading to the indices ending lower than yesterday??™s levels.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081007/
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October 6, 2008
Asian markets have opened weak today due to increasing worries of the global financial crisis spreading to Germany, Europe’s largest economy. Back home, Sebi has called a meeting to discuss the impact of financial turbulence on Indian capital markets. It is expected to ease PN norms to bolster capital inflows, which have been slowing down over the last few months. However on the positive side, easing crude prices and inflation are the positives for Indian markets, which may help the RBI postpone another interest rate hike. We expect the markets to trade with a negative bias, amidst high volatility due to weak global markets.
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http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20081006/
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