Indian stock market morning report (September 26, 2008, Friday)

September 26, 2008

The Asian markets opened weak this morning due to uncertainty over the US Government’s $700bn rescue plan for the financial sector. Back home, the markets will await the announcements of inflation and business confidence index (BCI). Inflation has remained steady at 12.14%, though it is still very high compared to RBI’s target of 5.5%. The BCI data released by National Council of Applied Economic Research (NCAER), shows signs of slowing economy. BCI has dipped sharply from 148.7 in June 2008 to 125.8 in July 2008. This is the lowest level in last five years. We expect these adverse news flows to impact the domestic markets negatively ahead of the weekend, and also ahead of the US nuclear deal going before the US Congress.

Read the rest here
http://www.stockmarketsreview.com/news/indian_stock_market_morning_report_keynote_capitals_20080926/

Indian stock market morning report by Keynote Capitals (September 26, 2008, Friday, 6.00 a.m. GMT)

http://www.stockmarketsreview.com/news_india/

Posted in Uncategorized