Sunday, October 21, 2007

Sensex see saws - Rupee Down

The benchmark Sensex plunged by 389 points in the opening trade on the BSE on Monday with funds turning a net sellers ahead of market regulator's decision on foreign funds inflow rallied into the positive territory to rallied into the positive territory to 17,667 a few minutes ago. few moments ago.

ICICI Bank Ltd., gained after its second-quarter profit rose 33 percent, beating analyst estimates.

Asian Markets fall
Asian markets declined on Monday after broad selling by exporters. Japan's Nikkei average tumbled 3.2 per cent to a four-week low, battered by a strong yen and a slide on Wall Street and the broader TOPIX index hit one-month low soon after the opening.


Rupee down

The rupee was at 39.895/39.905 a dollar from the previous close of 39.73/39.74, due to dollar demand in the opening deals.

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