http://india.123jump.com/Indian-market-update-archive/Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jumphttp://india.123jump.com/Indian-market-update-archive/http://www.123jump.com/images/logo_home.jpg16066Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jump1999-2007 123jump.com, Inc. All rights reservedThu, 03 Jul 2008 01:00:00 -0400http://india.123jump.com/India-market-update/Rising Oil Dents Stocks Rupee/28467/Thu, 03 Jul 2008 20:32:00 -0400Rupee hovered near fifteen months low as rising crude oil price take a bite out of stocks in India. As India pass on rising international prices of oil to consumers, inflation is expected to reach further in record zone hurting corporate profits and economic growth prospects. Stocks in Mumbai trading fell as investors feared slow down in consumer spending. Automakers, banks and real estate stocks fell sharply. Rupee edged lower and is likely to drop below 43.50.123jump.com Staffhttp://india.123jump.com/India-market-update/Sensex Soars 5 on Political Hopes/28442/Wed, 02 Jul 2008 16:52:00 -0400Stocks in India rebounded sharply on the hopes that a political settlement can be reached between Congress led UPA ruling coalition and a regional party. The prospect of alliance between Congress and Samajwadi Party lifted Sensex index up 5.4%. Banks, real estate and industrial companies participated in the rally. DLF rallied 15% after the company will decide to buy back stocks next week. Software services exporters rebounded as rupee has declined nearly 9% in the last two months.123jump.com Staffhttp://india.123jump.com/India-market-update/May Deficit Widens Sensex Falls/28428/Tue, 01 Jul 2008 17:48:00 -0400Stocks in India fell 2.5% after record crude oil price in the region soured the trading sentiment. Rupee fell against dollar as rising oil price lift trade deficit for the country. Separately May trade deficit surged to $10.8 billion on 13% rise in exports and 27% rise in imports. Oil import cost surged 51% from a year ago. Rupee fell to 43.56 a dollar.123jump.com Staffhttp://india.123jump.com/India-market-update/Sensex Drops 34/28401/Mon, 30 Jun 2008 16:22:00 -0400Stocks in India closed lower on continued rift within the ruling coaliition on the nuclear deal with the U.S. The ruling party coaltion may be dissolved if the Congress Party signs a deal without the approval of communist parties members. The Sensex index fell 2.5% and is now down 38% from its peak in January. Airlines stocks fell sharply on higher jet fuel prices from tomorrow. Banks closed lower after State Bank of India lowered its estimates.123jump.com Staffhttp://india.123jump.com/India-market-update/Shanghai India Plunge 4/28374/Fri, 27 Jun 2008 04:10:00 -0400Stocks in India and Shanghai lead a sharp decline in the region. Stocks in Asia fell after crude oil futures rose another $2 and crossed $141 a barrel. Market indexes in Hong Kong, Japan and Australia lost more than 2%. Sensex in India dropped as much as 4% at mid-day trading on rising crude oil prices and worries that ruling coalition may break after Congress Party leader decided to finalize the nuclear power deal with the U.S. Shanghai CSI 300 index dropped 5%.123jump.com Staffhttp://india.123jump.com/India-market-update/Sensex Rebounds Weak Footing/28372/Thu, 26 Jun 2008 03:49:00 -0400Stocks in gained after a week of decline on rising inflation and economic slow down. Sensex in Mumbai rose 1.4% to 14,421. State Bank of India increased its lending rate following a recent increase in interest rate by the Reserve Bank of India. Rupee against dollar contiue to trade lower as crude oil price trade near record level. Stocks in India and Asia are likely to fall on a record high closing of Crude oil in New York.123jump.com Staffhttp://india.123jump.com/India-market-update/Sensex Rises After Rate Hike/28352/Thu, 26 Jun 2008 01:55:00 -0400Stocks in India rose after a surprise rate hike for the second time by the Reserve Bank of India. The central bank hiked interest rate by 0.5% and increased the bank deposit ratio 0.5%. The twin move to increase rate and deposits are expected to calm the inflation that has roared above 11%. Commercial banks are expected to increaes lending rates soon.123jump.com Staffhttp://india.123jump.com/India-market-update/RBI Hikes Rates Jet Air Loss Stocks Down/28334/Tue, 24 Jun 2008 13:26:00 -0400The Rerserve Bank of India increased repo rate to 8.5% from 8% and increaesd the bank deposits requirements to 8.75% from 8.5%. The decision was taken ahead of the scheduled meeting on June 29 after a sudden surge in iflation this week. Earlier in the trading stocks lost ground for the fifth days in a row and the Sensex index declined 1.3% and also dipped below 14,000 lelvel before closing at 14,106.58.123jump.com Staffhttp://india.123jump.com/India-market-update/Inflation Surges Sensex Drops 3.5/28259/Fri, 20 Jun 2008 15:20:00 -0400Latest wholesales inflation index at the surged to a 13-year high to 11.11%. The sharp rise in inflation was fueled by the rising costs of fuel, food and materials. Higher inflation numbers has sparked fears of tighter monetary policy by the central bank, stocks fell sharply. Last week, the Reserve Bank of India made a surprise interest rate rise last week.123jump.com Staffhttp://india.123jump.com/India-market-update/Sensex Drops 2 Tax Collection Surge/28244/Thu, 19 Jun 2008 13:55:00 -0400Indian stocks fell on Thursday for the second day in a row on political concerns and weak Asian markets. The division in the ruling coalition on a deal with the U.S. for the nuclear energy continues to put parties on a collision course. The key meeting on the agreement was delayed two one more week again. Stocks declined on the worries that lack of stability in the ruling coalition may hurt the economic agenda. However, income tax collection for the first two months of this fiscal year surged.123jump.com Staff