Well, looks like the positive note on which the NA markets ended yesterday- didn't seem to have much positive impact on the Far East and Europe

Japan is in doldrums.
HK lost ground.

CAC and FTSE down . DAX up.

Brazil that was up 800 points yesterday has lost all its gains already.

However China up 28 points at 5484.68

BSE up 245 points to 20827.46

Gold past 890, silver past 16 once again.

Nasdaq and Dow futures down.

West Texas at 93 and Bent at 92.

Euro kissing 150 Cand.

China , HK and BSE opened in positive territory and lost their early gains.
China ended up 13 points t0 5497.90. HK down 398 points at 26468 and BSE ended down:

SENSEX 20,728.05 -99.40 -0.48
MIDCAP 9,536.90 +98.42 +1.04
SMLCAP 12,862.39 +168.37 +1.33
BSE-500 8,667.47 +43.78 +0.51


CAC, DAX and FTSE up slightly.

The surge in the Dow yesterday has not helped worldwide sentiment.

World markets in red mostly.

China down 54 points to 5443.79

HK down 638 points to the 25000 level at 25837.78. This is due to the upcoming Chinese New Year when all the local people pull out money to enjoy.
The markets will pick up after Chins New year- one hopes. It's the year of The Rat for you interested ones.

Japan down to 13000 range- bodes ill.

BSE down 476.96 points to 20251




SENSEX 20,251.09 -476.96 -2.30
MIDCAP 9,431.89 -105.01 -1.10
SMLCAP 12,755.29 -107.10 -0.83
BSE-500 8,508.44 -159.03 -1.83


It's a red day

As a broker from Dalal Street told me on the phone this morning. "Duniya ka phat gaila"

Enjoy!

China down 153 points to 5290.61
HK down a whopping 1386.93 to 24450.85

BSE down 382.98 to 19868.11

SENSEX 19,868.11 -382.98 -1.89
MIDCAP 9,267.20 -164.69 -1.75
SMLCAP 12,522.21 -233.08 -1.83
BSE-500 8,343.63 -164.81 -1.94

Europe indices down. FTSE below 6000 mark, DAX below 7500

Gold down to $880. Silver below $16.

Yesterday due several bad news items topmost being Citigroup losing 18b in subprime mess both Dow and TSX lost solid ground.

The technical analysts are looking at Dow down to 10800 by Aug and TSX down to 10500.

So buckle up, we are in for shocks and jolts.

Looks like my broker on Dalal Street was right "Duniya ka suchmuch phat gaila'.

Well looks like China bit the dust yesterday and HK was up.
China down 138.98 points to 5151.63

HK up 664.13 to 25114.98

BSE down 167.29 points to 19700.82

SENSEX 19,700.82 -167.29 -0.84
MIDCAP 9,340.01 +72.81 +0.79
SMLCAP 12,740.29 +218.08 +1.74
BSE-500 8,324.23 -19.40 -0.23



Europe up, Dow and TSX down. Also most Far East markets up.

Euro below 150 agnst CAD. GBP above CAD 2

Oil hovering at 91.

Most of the world markets that have traded or are trading today are in green.

BSE spirals downwards by 687 points to 19013.70



SENSEX 19,013.70 -687.12 -3.49
MIDCAP 8,893.71 -446.30 -4.78
SMLCAP 12,160.45 -579.84 -4.55
BSE-500 7,972.80 -351.43 -4.22

BSE ka vaat lag gaila!

HK nad Japan up. China also up.

FTSE up triple digits above 6000 again. CAC and DAX up

Silver above $16

Dow futures up in triple digits!

Just a day's reprieve or are the bulls fighting mad and ready to horn the bears?

I know China of late has been the flavor of the year. Is it going to last. If I am not mistaken I see a co relation between NYSE, BSE, TOPIX and the Australian indexs. You will notice they seem to move in some sort of step. I donot why. Whereas the Hung Send and other Chinese indexs seem to have a movement that defy laws of gravity. For long we have heard of the Chinese stock bubble that simply won't burst. I wonder what the real CPI is in China, it is hard to get the real economic facts on China. Does anybody know, I think India is 6.5% inflation, whats China's?