BOURSES / Soothes investor sentiment with his assuring statement on the state of the economy
Fund to market will flow: FM Finance Minister P Chidambaram, on Tuesday, exhorted retail investors to keep calm assuring that the fundamentals of the economy are strong.
Fed fails to arrest Wall St fall US markets dropped sharply on Tuesday ( 9 pm IST) despite US Feds 75 basis points cut in interest rates. The US Fed cut two key interests rate by three-quarters of a percentage point to stave off heavy losses on US stocks.
THE UNPRECEDENTED FALL
Blore investors feel the pinch The BSE Sensex had an unprecedented fall over the last seven days shattering the confidence of investors.
Bourse took course correction; not in a bear phase There is enough reason to believe that the domestic equity market is not heading towards a bear phase and hammering in the last seven days is only a correction in a bull run caused by an euphoria that pushed valuations to unrealistic heights.
Vijaya Bank Q3 net profit up 37 pc A write back of Rs 22.50 crore of an earlier provision significantly helped the Bank to boost its profit.
There are reports that suggest extension of the President's Rule in Karnataka. Is that a right move or should the elections be held sooner?
Readers were invited to express their opinion. Most felt that the polls should be held preferably in April or May, in the interest of democracy so that the BJP may be given a chance to form the government. Some readers said that the elections should be deferred as no party has a majority and another coalition government would be a big mistake.
