Thursday, November 26, 2009

26/11. One of the worst days in history of the Mumbai City, which was rocked by the terrorist attack a year
It's been another record day in the Indian Capital Markets. The Markets and the F&O segment, both recorded highest ever turnover on the last day of the November series. The markets reported total turnover of more than Rs 1.50 Lac Crores. Contribution from the F&O sector has created and history in the Indian markets, contributing around Rs .1.37L Cr. NSe cash volumes were at Rs. 17,600 Cr. Bse at Rs. 4488 Cr.
In the Nov Series Major Indices BSE & NSE gained nearly 5%.

World stock markets fell sharply on Thursday as investors fretted over the debt problems at Dubai World, a government investment company,

and the continued fall in the dollar.

Markets are usually relatively quiet when Wall Street is closed for a holiday, as it is Thursday for Thanksgiving Day, not so today.

In Europe, the FTSE 100 index of leading British shares was down 99.84 points, or 1.9 percent, at 5,264.97, although trading has been halted for over an hour because of technical problems. Germany's DAX fell 115.17 points, or 2 percent, to 5,687.85 while the CAC-40 in France was 84.92 points, or 2.2 percent, lower at 3,724.24.

Earlier in Asia, the Shanghai index tanked 119.19 points, or 3.6 percent, to close at 3,170.98, its biggest one-day fall since August 31, while Hong Kong's Hang Seng shed 1.8 percent to 22,210.41.

Sentiment in stocks has been dented by the news that Dubai World, which is thought to have debts totaling around $60 billion, has asked creditors if it can postpone its forthcoming payments until May. That has stoked fears of a potential default and contagion around the global financial system, particularly in emerging markets.

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