Financial Daily from THE HINDU group of publications
Friday, September 23, 2005
Markets (Sept 22)
BL 2502313.80 (-92.43)
BSE Sensex8221.64(-265.50)
S&P CNX Nifty2476.50 (-90.80)
US Dollar (Buy/Sell)43.87/44
Gold Std (10 gm)6750 (+65)

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Sensex crashes 266 points on panic selling — Reports of probe and raids, oil prices lead to free fall
NERVOUS jitters over the pace of the bull-run, emanating from the corridors of regulators, finally hit the markets today, with stock prices across the board succumbing to panic selling. After the minor roadblock on Wednesday, where the Sensex ... More

Probe limited to select penny stocks: Govt
`No list of deviant brokers, NBFCs in hand'

IN what could come as a relief to a shaken stock market, the Ministry of Finance today clarified that the ongoing investigations into unusual price movements of shares was limited to a handful of `penny stocks' and that the Government has not ... More

`Market fall a welcome shake-out'
EQUITY analysts and market strategists described the 265-point crash in the Sensex on Thursday as "long overdue", "inevitable", and "a welcome shakeout". Mr Parag Parikh, Chairman of the Mumbai-based Parag Parikh Financial Advisory Services, ... More

Tata Motors, Fiat tie up to explore cooperation in passenger car segment
TATA Motors announced on Thursday that it was signing a memorandum of understanding (MoU) with Fiat S.p.A to "analyse the feasibility of cooperation, across markets, in the area of passenger cars that would encompass development, manufacturing, ... More

Fuel woes may dampen NTPC's new projects
FUEL management woes are likely to besiege the commissioning of several of the Rs 26,000-crore National Thermal Power Corporation's gas and coal-based power projects coming up over the next two years. While uncertainties over the proposed gas ... More

Govt finalises norms to regulate medical devices
IN an attempt to check the sale of defective medical implants, the Health Ministry has finalised a notification amending the Drugs and Cosmetics Rules to include such devices. It has also finalised regulations related to medical devices wherein ... More

IDC sees PC sales in Asia-Pacific touching 40 m units in 2005
ENTHUSED by buoyant market performance in the past quarter, research firm IDC has raised its forecast for PC shipments in the Asia-Pacific region to 40 million units in 2005 and 44.9 million units in 2006, with India and China expected to ... More

Wet weather in Goa, Konkan to continue
KONKAN and Goa sloshed under some harsh wet weather on Thursday, but not the squirting rains of the July 26 kind even as the prevailing depression weakened into a well marked `low' and moved west-northwest into Madhya Maharashtra and ... More

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