SBI, Tata Steel Hits 52-week Low

The key benchmark indices pared losses after making landfall in six weeks in mid-morning trade. Asian stocks weak and poor earnings Q2 September 2011 dampened sentiment. The data showed that sales of foreign funds recently also weighed on confidence. The BSE Sensex fell 208.41 points or 1.27%, compared to about 135 high points of the day and almost 55 points a day is low. Market size was very low. All the 13 sectoral indices on BSE were in red.

Index heavyweight Reliance Industries (FIR) extended early losses. Capital goods stocks extended their recent losses caused by growing concerns that the slowdown in industrial growth, interest rates and the practice of competition affect the sector’s revenues, with Bhel and L & T strike 52 weeks low. Some of the metals and mining declined, while the world price of metals fell, with Tata Steel and Hindalco Industries hit in 52 weeks. Bank of the giant state-owned banks of India (SBI) also hit in 52 weeks.

The market fell slightly in early trade on weak Asian stocks. The market extended early losses to hit fresh intraday low morning trading. The market pared losses after touching down in six weeks in mid-morning trading.

Corporate profits have been low. Total net income for 3675 companies fell 35.9% to RS 67,507 crore on 20.6% sales growth in RS 1135022 crore in the September 2011 second quarter over the second quarter, in September 2010. Q2 winning season came on Tuesday, November 15, 2011.

Data show that the sale of foreign funds has recently weighed emotions. Foreign institutional investors (FIIs) sold shares worth Rs 195.20 crore is Thursday, November 17th, 2011, as interim data exchange. Their outflow of Rs 1093.86 crore has been in three trading days during the 15 to 17 November 2011.

At 11:20 IST, the BSE Sensex was down 208.41 points or 1.27% to 16,253.30. The index fell 74.01 points today is the highest 16,387.70 in early trade. The index fell 262.62 points to 16,199.09 day low at mid-morning trade, the lowest level since Oct. 7, 2011.

S & P CNX Nifty fell 68.35 points or 1.39% to 4866.40. The Nifty hit a high of 4902.25. The index hit a low of 4,847.50 in trading intraday, its lowest level since October 5, 2011.

Market size, indicating the overall health of the market was very low. On BSE, 1868 shares declined and 502 rose. A total of 74 shares remained unchanged.

Of 30-share Sensex pack, 25 declined and the rest of them have increased. Tata Motors, ICICI Bank, Maruti Suzuki India shed by 2.73% to 4.08%.

Index heavyweight Reliance Industries (RIL) fell 2.21%, extending losses of 8.28% in the last four trading sessions. Unit broadband services Infotel RIL has recently acquired a 38.5% in the private practice of teaching and learning digital Extramarks. She did not disclose financial details of the investment. The agreement will help expand its digital distribution services Extramarks and develop market penetration, RIL said. Last year, Reliance acquired Infotel Broadband, the only company to win a national license for broadband wireless spectrum in a government auction for $ 1 billion, marking his return to telecommunications.

Stocks of metals and mining fell as LMEX, a measure of six metals traded on the London Metal Exchange fell 2.20% to $ 3335.50 Thursday, 17 November 2011.

Manufacturer of steel producer in India, the first from the sale of Tata Steel fell 2.92% to 388.30 rupees, extending recent losses caused by weak Q2 numbers. The action came at 52-week low of 386.65 rupees today. Since the recent peak of Rs 467.90 November 8, 2011, the stock fell 14.51% in six trading sessions to reach Rs 400 November 17, 2011. The consolidated net profit fell 89.26% to Rs 212.43 crore on 11.73% of total revenues of Rs 32918.33 crore in Q2 September 2011 in Q2 September 2010.

Tata Steel said its performance was negatively affected by higher costs in world prices for commodities and lower average selling price of Tata Steel Europe. The Tata Steel’s net debt at the end of September 2011 stood at Rs 45.056 million rupees compared to Rs 46.627 million rupees in late March 2011.

Hindalco Industries fell 3.46% to 118.50 RS or extension of a loss of 12.1% over the previous six trading sessions triggered by weak outlook issued by the copper and aluminum manufacturer at the time to announce Q2 results on 10 November 2011. The stock reached 52 weeks low of Rs 118.40 today. Hindalco Industries said the second half of fiscal 2012 (year ending March 2012) will be difficult because of global uncertainty, the decline in LME prices and cost pressures continue. The intensity of the resource challenge that is amplified in the first half of fiscal 2012 due to problems monsoon expected to decline, the company said.

JSW Steel fell 1.86%. The company reported a consolidated net loss of R 669.32 million rupees in Q2 September 2011 compared to a net profit of Rs 373.26 crore in Q2 September 2010. Total income rose 33.33% to Rs 8180.60 crore in Q2 September 2011 in Q2 September 2010. The company announced the first results from this week.

National Aluminium Company fell 1.58%, 15.44% from losses in the last seven meetings, triggered by weak Q2 results. Net income decreased by 37.8% RS 139.34 crore growth 11.6% of the total income of RS 1746.01 crore in Q2 September 2011 over Q2 September 2010.

Steel Authority of India main (Sail) fell 2.26%, the stock fell for a third day was caused by the actions of MSCI MSCI India, with effect from December 1, 2011. Sailing and Oman Oil Co. SAOC has signed an initial pact jointly set up a steel plant in Oman with an estimated investment of U.S. $ 3 billion, steel Beni Prasad Verma minister said Tuesday. He told reporters that the two public companies trying to build the plant with a capacity of 3 million metric tons a year once a feasibility study on the project was completed.

Other metals stocks, Jindal Saw, Sesa Goa, Hindustan Zinc, Sterlite Industries and Jindal Steel & Power paid between 1.01% and 3.82%.

Jaiprakash Associates fell 5.02%, with the action extending losses of 20.88% in seven trading sessions prior to operating performance caused by low Q2. Net income rose 11% to Rs 128.65 crore in the 2% growth in net sales of R 3132.41 crore in Q2 September 2011 in Q2 September 2010. A sharp increase in other income and lower tax rates to 42% to 60%, boosted the bottom line. The operating profit margin declined 80 basis points to 23.9% heart, mainly due to increased personnel costs.

Capital goods stocks extended recent losses due to growing concerns that the slowdown in industrial growth, real interest rates and competition from damage profit sector. Suzlon Energy, Siemens, Crompton Greaves, Punj Lloyd, ABB, SKF India, Alstom Projects, Areva T & D India and Pipavav defense fell 1.07% to 6.64%.

Largest engineering and construction in India from the sale, L & T, fell 1.83% to 1209.95 rupees, extending 11.5% loss in the last few trading sessions for seven years. The action came at 52-week low of Rs 1208.10 today.

India’s largest manufacturer of electrical equipment by sales fell 5.32% BHEL to RS 269.50, extending the loss 15.01% over the last six trading sessions. The stock reached 52 weeks low of Rs 269 today. The company announced after market hours of Monday, November 14, 2011 and net income increased 23.61% to RS 1412 crore on 24.41% growth in total income at RS 10765.37 crore in the second in September 2011 in the second quarter quarter, in September 2010.

Growth in both topline and bottomline was still 60 basis points decline in operating margin of 18.6% largely due to the formation of the highest income tax rate and other. In addition, during the quarter, the company changed its accounting policy, leaving recessed 30 days per month (previously 26 days per month), and therefore the profit before taxes increased to the extent of Rs 166 crore. But now, who moderated the cost of personnel, the decline in operating margin would have been higher

Bhel was the order book of Rs 1.61 lakh crore as September 30, 2011. Bhel has decided to establish a new power plant equipment manufacturing factory Bhandari district of Maharashtra.

The largest bank in India by the General Directorate of State’s network of Bank of India (SBI) fell 1.91% to 1723.85 rupees. The action came at 52-week low of Rs 1707.45 today. The action was under pressure to increase bad loans from banks. The ratio of gross domestic product of the bank non-performing assets (NPAs) to gross advances increased to 4.19% at September 30, 2011 from 3.35% at September 30, 2010. Net debt of non-performing assets to net advances increased to 2.04% as of September 30, 2011 1.7% September 30, 2010.

Net income rose 12.35% to 2810.43 crore in SBI R 23.43% of total revenues of Rs 29394.32 crore in Q2 September 2011 in Q2 September 2010. Provision for impaired assets increased 35.08% to Rs 2921.22 crore in Q2 September 2011 in Q2 September 2010. The bank announced Q2 results during market hours, Wednesday, November 9, 2011.

Consolidated Bank’s net income increased 46.8% to 3470.43 crore RS on the rise 8.76% of total income to RS 41,249.08 crore in the September 2011 second quarter over the second quarter, in September 2010.

SBI will not be like the time to raise funds abroad, given the current market conditions, said Hemant Contractor, chief executive of the bank, Monday, November 14, 2011. In September 2011, the State Bank has doubled its goal of external debt and U.S. $ 10 million.

Suzlon Energy fell 7.81% after Samanvaya Holdings, one of the founding groups of companies, Thursday, November 17, 2011, sold 2.08% at stake Suzlon Energy through a package deal on the open market.

The government raised the ceiling on foreign investment in government and corporate bonds with $ 5 billion each. The movement aims to raise capital inflows abroad, who have remained weak so far this year, and is likely to support the Indian currency has shed nearly 13% against the dollar during the current fiscal year with first began in April. Thomas Mathew, Joint Secretary of the capital, told reporters Thursday, November 17, 2011 that the additional limit of $ 5 billion may be invested in securities regardless of maturity.

The government has postponed the introduction or consideration and passing of key bills such as the Land Acquisition Bill, Bill Code taxes, banking and insurance proposals in the winter diet. In the winter session is scheduled to begin from November 22, 2011. Banks Bill was presented to the Standing Committee in March, while Bill was sent to the Insurance Committee in 2009. By providing information about the proposed activities of the parliamentary session Affairs Minister Pavan Kumar Bansal is Wednesday, November 16, 2011, said that rural development has permanent need more time for the acquisition of Bill.

Bansal has announced a list of 31 bills for consideration and passage in the winter session. And ‘the government also intends to introduce 23 new bills during the 21 sessions in the session. The Treasury also obtain the approval of Parliament to cover additional expenses.

The Union Cabinet, Wednesday, November 16, 2011, cleared the project plans, but decided not to limit foreign direct investment in the sector, retaining the flexibility to prescribe or modify the boundaries with a decision of the executive. The Government will fund the settlement of pension and Development Authority Bill 2011 in the winter session of Parliament.

Food Price Index rose 10.63% and the index of fuel prices increased by 15.49% at 5 years of data in November 2011, published by the government Thursday, 17 November 2011 showed. In the previous week, food and fuel inflation rate of 11.81% and 14.50% respectively. The price index for primary articles rose 10.39%, compared with an annual increase of 11.43% a week earlier.

Reserve Bank of India (RBI) announced its first buyback program obligations under its program of open market operations this year, in a move intended to facilitate liquidity in the banking system in financial difficulty. The plan to purchase up to Rs 10,000 crore of bonds is November 24, 2011 that banks borrowed Rs 80,000 crore from Rs 3.1 lakh crore and the day for the past week, highlighting the lack of liquidity in the local banking system. Reserve Bank of India said it will buy bonds through an auction multiple security using multiple price method. It will publish details of the links it will buy the auction soon, he added.

RBI announced an increase of 25 basis points at its policy rate is the key. the interest rate to 8.5% after mid-year monetary policy review October 25, 2011. The central bank has cut its GDP growth forecast for the fiscal year through March 2012 to 7.6% vs. 8% previously. However, it maintained its forecast for March to the end of inflation of 7%. RBI said that the inflation forecast trajectory indicates that inflation will start to decline in December 2011 (January 2012 version), then continue on a stable path of 7% in March 2012. It is expected to fall further in the first half of 2012-13. This reflects a combination of movements in prices of raw materials and the cumulative impact of monetary tightening. In addition, moderate inflation can positively influence expectations.

In emerging markets like India, have taken measures to promote long-term volatility in FDI blunted in exchange rates and all of the capital control measures must be selective and temporary, senior Asian Development Bank said on Monday , November 14, 2011. While capital flows and exchange rates may fluctuate in the short term the euro area in the middle of ongoing debt concerns, India must focus on improving the investment climate by providing better infrastructure, the creation of a coherent policy making and development of financial markets, President and CEO M. Cross Nag said on the side of the India Economic Summit.

Asian stocks fell for a fourth straight day on Friday, November 18, 2011, driven by new concerns about the misfortunes of Europe due to the outstanding debt obligations refer to tender in Spanish. Reference key indices in China, Hong Kong, Japan, Indonesia, South Korea, Taiwan and Singapore fell 0.95% to 2.16%.

The losses came after the auction Thursday, November 17, 2011, so that the average yield at 10 years of the Spanish government reached a record euro-era ahead of an election weekend there, to send European and U.S. stocks down sharply.

All The 13 Sectoral Indices On BSE In Red, Low Scale

Recovery seen in intraday trading morning proved to be short-lived. Key benchmark indices declined again, and have been hovering near intraday lows at the start of afternoon trading weak Asian stocks and a weak Q2 September 2011 results dampened sentiments. Data show that the sale of foreign funds has recently weighed emotions. BSE Sensex fell 241.80 points, or 1.47% off close to 165 points the day and a maximum of nearly 20 points back and forth to the day low. Extension of the market was rather weak. All the 13 sectoral indices of BSE were in red.

Index heavyweight Reliance Industries (RIL) fell more than 2%. Stocks extended their recent losses caused by self concerns interest rates could affect car sales, Maruti Suzuki India to hit at 52 weeks. IT stocks fell on concern debt in the euro area. SBI, ICICI Bank, Bhel, L & T, Tata Steel and Hindalco Industries touched 52-week low today. Pharma livestock populations.

The market fell slightly in early trade on weak Asian stocks. The market extended early losses to hit fresh intraday low in morning trade. The market pared losses after making landfall in six weeks in mid-morning trade. Intraday recovery assisted by mid-morning trade was short-lived. The market weakened again in early afternoon trade.

Corporate profits have been low. Total net income totaling 3,679 companies fell 35.9% to RS 67,506 crore on 20.6% sales growth in RS 1135032 crore in the September 2011 second quarter over the second quarter, in September 2010. The Q2 earnings season came on Tuesday, November 15, 2011.

The data showed that sales of foreign funds recently also weighed on confidence. Foreign institutional investors (IIE) has sold shares worth Rs 195.20 crore on Thursday, November 17, 2011, according to preliminary data of the award. Its production amounted to 1093.86 crore in three trading session R 15-17 noviembre, 2011.

At 24:20 IST, the BSE Sensex fell 241.80 points, or 1.47% to 16,219.91. The index fell 74.01 points higher on the day of 16,387.70 in early trading. The index fell 262.62 points or less on the day of 16199.09 in mid-morning trade, its lowest level since October 7, 2011.

The S & P CNX Nifty lost 81.40 points or 1.65 to 4853.35%. The Nifty hit a high of 4902.25. The index touched a low of 4838.45 in intra-day, the lowest level since October 5, 2011.

Extension of the market shows the overall health of the market was rather weak. BSE, 2039 shares declined and 521 rose. A total of 74 shares remained unchanged.

The Sensex pack 30 stocks, 25 fell and the rest of them have increased. BHEL, Jaiprakash Associates and Tata Steel pays between 3.19% to 5.36%.

Cipla rose 1.17%, with the shares of profit for the fourth consecutive day in Q2 successfully. Net income rose 17.47% to Rs 308.97 crore from 9.8% growth in operating income of Rs 1804.28 crore in Q2 September 2011 over Q2 September 2010.

Another Big Pharma Sun Pharma gained 1.13%.

Index heavyweight Reliance Industries (RIL) fell 2.19%, extending losses of 8.28% in the last four trading sessions. Unit broadband services Infotel RIL has recently acquired a 38.5% in the private practice of teaching and learning digital Extramarks. She did not disclose financial details of the investment. The agreement will help expand its digital distribution services Extramarks and develop market penetration, RIL said. Last year, Reliance acquired Infotel Broadband, the only company to win a national license for broadband wireless spectrum in a government auction for $ 1 billion, marking his return to telecommunications.

Zee Entertainment Enterprises media conglomerate rose by 1.22%. Zee Group, today, November 18, 2011, said it would invest up to $ 250 million to establish a development fund, the production and supply of health and welfare of the contents of Veria TV network live in the United States. The creation of this fund is part of the Zee group’s five-year plan to expand the presence of the living conditions of Veria in the United States and elsewhere, Chairman Subhash Chandra said in a statement.

The New York headquartered Veria Living TV network is available throughout the United States for DISH Network, Verizon FiOS and Frontier Communications subscribers, he added. Zee Group’s Hindi-language general entertainment channel Zee TV, Hindi-language movie channel Zee Cinema, Ten Sports and several regional language channels.

Feedstocks extended recent losses. Tata Power Company, Torrent Power, Reliance Power, NTPC and Power Grid Corporation of India fell 0.37% to 3.74%.

Auto stocks extended recent losses triggered by concerns that rising interest rates could crimp car sales. Purchases of cars, including cars, commercial vehicles and commercial vehicles are substantially driven by finance.

The largest manufacturer in India for commercial vehicles by sales Tata Motors fell 3.14%, extending losses of 3.87% on Thursday. The company’s global sales in October grew 10% year on year to 95,789 vehicles. Largest automaker in India in terms of revenue, said the UK Jaguar and Land Rover vehicles sold 26,158 units in October, up 39% over the previous year. Jaguar sales rose 63% to 5231 units, while the Land Rover sport utility gained 34% to 20,927 units. The company said it sold 43,184 trucks and buses in general, in the month, up 6% over the previous year.

Tata Motors announced after market hours on Monday that the consolidated net profit fell 15.56% to Rs 1877.30 crore on 26.9% growth in net sales of R 36197.50 crore in September 2011 in Q2 Q2 September 2010. The company’s EBITDA (earnings before interest, depreciation, taxes and amortization) margin declined to 13.3% against 14.7% in Q2 September 2010.

Tata Motors in the UK unit of Jaguar Land Rover (JLR) profit after tax fell by 2.4% to £ 237.5 million 30.3% growth in net sales of £ 2,928,500,000 in the second of September 2011 the second quarter quarter, in September 2010. The EBITDA margin of JLR fell 170 basis points due to unfavorable exchange rates and cost pressures. Tata Motors said the product mix and geographic mix continues to be strong.

India’s largest automaker in India Maruti Suzuki sales fell 3.05% to 919.30 RS. The stock reached 52 weeks low of Rs 910 today. Maruti has recently clarified that the decision to buy land in Gujarat is to build additional capacity. He also stated that the board approved the purchase of land in Gujarat for the future needs of the company. Logistics to achieve the finished cars to large domestic markets in Western and Southern India, and the nearby port of Mundra for future exports, has played an important role in the decision, Maruti said.

India’s largest motorcycle maker Hero MotoCorp sales was 2.3%. Earlier this month, Hero MotoCorp was reported in 1.3% of sales in October to 5.12 lakh units. The company sold 5.05 lakh units corresponding period last year.

Bajaj Auto fell 0.12%. The company’s total sales grew 7% to 3.95 lakh unit in October 2011 over October 2010. The company announced that the monthly sales earlier this month. The company said it had a production loss of 25,000 motorcycles in the Pantnagar factory in October 2011 as a curfew in the region in early October forced sale.

Largest tractor manufacturer in India, sales Mahindra & Mahindra (M & M) fell 1.39%, extending recent losses triggered by weak Q2 results. M & M net profit fell to 2.78% RS 737.38 crore is 34.75% increase in total income of RS 7592.14 crore in Q2 September 2011 over Q2 September 2010. The result was announced this week.

The company said during market hours on Thursday that net income fell from 2.69% at RS 682 crore on 62.1% growth in gross revenues and other revenues to RS 15,250.40 crore in the second in September 2011 on the second quarter quarter, in September 2010. The figures are not entirely comparable since Q2 September 2010 results do not include the results of Ssangyong Motor Company and its subsidiaries and shares in the PAT of Satyam Computer Services. On a comparable basis, net income increased 5.1% to RS 682 crore on 29.6% growth in sales to RS 15,250.40 crore in the September 2011 second quarter over the second quarter, September 2010 , M & M said in a statement.

M & M and Telephonics Corp., a unit of U.S. company Griffon Corp., Thursday, November 17, 2011 signed an initial agreement to form a joint venture to build airborne radar systems to India. The two companies also said they have sought approval from outside the Indian Government Investment Promotion Board of the joint venture.

IT stocks in the euro zone debt worries. Europe is the second largest market for Indian outsourcing companies after the United States. India’s largest software services exporter TCS fell 1.61%, with the stock belonging to five days straight. The company announced during market hours Wednesday, November 9th 2011, diligent, a subsidiary of the company has won a $ 2.2 billion 15-year contract of insurance English and pensions provider Friends Life.

India’s second largest software services exporter Infosys shed 0.5%, with the stock falling for the fourth consecutive day. A U.S. federal judge has refused to Infosys an out-of-law in a case brought by a company employee, a setback for the company, which faces allegations of violations of visa rules. Jack Palmer, a senior consultant with Infosys, has filed a complaint against the State of Alabama Infosys court earlier this year, the company sought his help to circumvent U.S. laws visa. The trial was then transferred to the Federal Court. Palmer accused Infosys of using short-term transactions visit visas to circumvent visa and work cheaper for highly skilled workers. His costume has led to a probe by U.S. authorities, including a study by a US Senate subcommittee. Infosys has already denied any wrongdoing.

The third Indian software services exporter Wipro shed 0.86% companies, since the position of the fourth consecutive day. The company announced after-hours services market Tuesday, November 8, 2011 that Premier Foods has selected Wipro Technologies, a global consulting and outsourcing services to companies, Wipro, as the strategic technology partners. As part of the five-year strategic partnership, Wipro will support as well as systems and processes to improve the effectiveness of the supply chain Premier Foods’. This report allows you to Premier Foods, to implement quantifiable benefits, known as the budget officer with a small display of variable costs.

The government raised the foreign investment limit in government bonds and businesses of $ 5 billion each. The movement aims to encourage foreign capital flows, which remained silent so far this year, and it is likely that support for India’s currency has lost almost 13% against the dollar this fiscal year that began on 1 in April. Thomas Mathew, assistant secretary of capital markets, told reporters Thursday, November 17, 2011, the additional limit of $ 5 billion may be invested in securities with residual maturity is not a criterion.

The government has postponed the introduction or consideration and passing of key bills such as the Land Acquisition Bill, Bill Code taxes, banking and insurance proposals in the winter diet. In the winter session is scheduled to begin from November 22, 2011. Banks Bill was presented to the Standing Committee in March, while Bill was sent to the Insurance Committee in 2009. By providing information about the proposed activities of the parliamentary session Affairs Minister Pavan Kumar Bansal is Wednesday, November 16, 2011, said that rural development has permanent need more time for the acquisition of Bill.

Bansal announced a list of 31 bills for consideration and adoption during the winter session. The government also intends to introduce 23 new bills during the 21 meetings of the session. The Ministry of Finance will also seek parliamentary approval for additional spending.

The Union Board is Wednesday, November 16, 2011, removed from the pension bill, but decided not to limit foreign direct investment in the sector, maintaining the flexibility to impose or to change the border of the executive committee of a decision . The government appoints the Pension Fund Regulatory and Development Authority Bill 2011 in the winter diet.

Food Price Index rose 10.63% and the index of fuel prices increased by 15.49% at 5 years of data in November 2011, published by the government Thursday, 17 November 2011 showed. In the previous week, food and fuel inflation rate of 11.81% and 14.50% respectively. The price index for primary articles rose 10.39%, compared with an annual increase of 11.43% a week earlier.

Reserve Bank of India (RBI) has announced the repurchase of its bonds in the open market operation to move the program this year designed to facilitate the liquidity of the cash-strapped in the banking system. Do you plan to purchase up to Rs 10 crore government bonds 000 24 November 2011, the banks are in debt of Rs 80,000 crore and RS 1.3 lakh crore every day last week, underlining the liquidity crisis in the system local bank. Reserve Bank of India has said it will buy bonds through a multi-security auction using the method more than the prices. Notice is hereby given that buys the bonds as soon as the auction, he added.

RBI announced an increase of 25 basis points in its policy rate is key. repo rate to 8.5% by mid-year monetary policy October 25, 2011. The central bank lowered its GDP for the current fiscal year to March 2012 to 7.6% against 8% previously. But he kept his projected inflation rate in March-end of 7%. RBI said that the sequence of expected inflation indicates that inflation will start to fall in December 2011 (January 2012 version), then continue on the path to a stable 7% in March 2012. It is expected to moderate further in the first half of 2012-13. It reflects a combination of movements in commodity prices and the overall impact of tighter monetary policy. Also, in moderating inflation expectations is likely to have a positive impact.

Emerging markets like India should take steps to encourage long term foreign direct investment to mitigate the volatility of exchange rates and capital controls must be selective and temporary, a senior official of developing Asia, he said, Monday, November 14 2011. While capital flows and exchange rates tend to be volatile in the short term amid constant worries of debt in the euro area, India should focus on improving its investment climate, providing better infrastructure, through the development of a coherent development and manufacturing of financial markets, Director General Rajat M. Nag said on the sidelines of India Economic Summit.

Asian stocks fell on the fourth day Friday, November 18, 2011, cut down on new concerns about the debt to the amount of pain as a result of the auction bonds Spanish concern. Benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea, Taiwan and Singapore fell by between 0.95% and 2.08%.

The losses came after the auction Thursday, November 17, 2011, so that the average yield at 10 years of the Spanish government reached a record euro-era ahead of an election weekend there, to send European and U.S. stocks down sharply.

At the same time, Italy’s new government announced major reforms in response to the debt crisis that has pushed borrowing costs on Thursday, France and Spain, much higher. Italy’s new Prime Minister technocrat, Mario Monti, was introduced fundamental reforms to dig the country out of crisis and said Italians were facing a major emergency.

Commerce U.S. index futures showed the Dow could fall 3 points to the opening bell Friday, November 18, 2011. Investors dumped stocks in U.S. markets on Thursday, scared a sudden fall through key technical levels has brought more worries about debt problems. Benefits of new U.S. unemployment claims hit seven months low last week and promised future home construction taken substantially in the month of October, the latest data suggest that the economy was gaining traction NRI PAN Card .


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