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Indian stocks rally ahead of election result The country's stocks have recorded one of their strongest rallies ahead of its national election - a decisive victory will be crucial for the Sensex FTSwift election result bodes favourably for India`s bulls The country's stocks have recorded one of their strongest rallies ahead of its national election - a decisive victory will be crucial for the Sensex FTKanika Datta: Businessmen and common men Yesterday, the stock markets rose 475 points reportedly in anticipation of a victory by the National Democratic Alliance led by the Bharatiya Janata Party (BJP). Given the very fluid state of national politics where a party can emphatically say diametrically different things at different times, it is hard to understand the basis on which brokers made this judgment. As a group they have, of course, been the BJPs natural support base, so maybe this was their way of signaling approval for something that the lines at the hustings may or may not deliver. Business StandardCystic Fibrosis Foundation Rings Bell to Close New York Stock Exchange /PRNewswire-USNewswire/ -- In recognition of National Cystic Fibrosis Awareness Month, the Cystic Fibrosis Foundation has been invited to ring the closing bell of the New York Stock Exchange today. bignewsnetwork.comIndian election heading for a tight finish India's Congress party-led ruling coalition looks set to scrape in for a second five-year term, exit polls showed on Wednesday as the world's largest democracy ended voting in month-long national elections Financial TimesCharlotte-area median home prices drop 11% The median sales price of existing single-family homes in the Charlotte/Gastonia/Concord region fell 11 percent in the first quarter to $171,500 from $192,700 a year ago, according to the National Association of Realtors. Biz JournalNalco to resume normal bauxite output (Naxal Terror Watch) Dillip Satapathy / Kolkata/ Bhubaneswar May 12, 2009, 0:23 IST The Naxal hit Panchpatmali mines of National Aluminium Company (Nalco) is likely to resume normal production of bauxite from tomorrow with the scared workers agreeing to work in the mines after the sunset. Nalco's average bauxite production Panchapatmali mines in Korpaut district of Orissa had dropped from 14,000 tonnes per day...Source : Naxal Terror Watch (subscribe)Explore : Kolkata, Mining WikioNational Association of Realtors: Phila. prices fell 7% in a year Median sales prices for homes in the Philadelphia area slipped by 6.7 percent from first-quarter 2008 to first-quarter 2009. That was not as steep as the overall 14 percent decline across the country, based on first-quarter data from the National Association of Realtors. Biz JournalBuytolet landlords face new tax Buytolet landlords face dealing with more red tape if proposed rules forcing them to be listed on a national register are implemented. co.ukAldar and Dana gas push Abu Dhabi index slightly up Aldar Properties and Dana Gas were two of the most actively traded shares at the Abu Dhabi Securities Exchange (ADX), gaining 1.79% and 2.27%, respectively. Its General Index closed 0.36% higher at 2,623.22 points. Union Insurance Company hit the bottom of the charts, losing 9.97%. National Bank of Abu Dhabi (NBAD), the second largest bank in the UAE, closed 1.04% lower at Dh9.50. Global Investment Bank recommends a 'buy# on NBAD and values the stock at Dh10.88 due to its well-diversified laon portfolio (which grew by 39.6% from 2007 to 2008), among other factors. [AMEInfo.com] AME1 2 3 4 |
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