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Tuesday, January 08, 2008

Market Likely To Consolidate At Current Levels On Mixed Cues From Global Peers - Asian Commentary []

Market Likely To Consolidate At Current Levels On Mixed Cues From Global Peers - Asian Commentary []
Tuesday, Indian shares are likely to consolidate at current levels on the back of mixed cues from global markets. Some degree of profit booking can also be expected following recent record gains. However, in intraday trading, the Sensex might touch the 21,000 mark.

Stocks May Move Higher In Early Trading - U.S. Commentary []
Stocks could see some strength in early trading on Tuesday, with the major U.S. index futures indicating a higher open for the markets following the lackluster performance that was seen throughout much of the previous session.

US Stocks Set To Snap Back Monday Morning - US Commentary []
US stocks were set to rebound from a dismal performance in the previous session Monday morning as the price crude extended its decline from last week's record highs.

Japanese Market Declines On Wall Street Losses []
Wednesday, Tokyo shares were trading sharply lower, tracking heavy losses on Wall Street overnight on the back of housing woes and U.S. economic conerns. At 10:41 a.m. local time, the Nikkei 225 index was down 106.04 points at 14,422.63 and the broader Topix index was down 10.84 points at 1,392.22.

China Market Due For Correction []
The four-day winning streak is over for the China stock market, and investors are bracing for a further correction when the Shanghai Composite Index opens for business on Wednesday. The SCI had finished higher every business day so far in 2008, picking up more than 120 points along the way.

Stocks Mixed In Late Morning Trading - U.S. Commentary []
In late-morning trading on Tuesday, stocks have pulled back off their highs after seeing earlier strength. The major averages have moved to the downside, with the Dow slipping into negative territory.

Stocks Turn In A Lackluster Session Ahead Of Employment Data - U.S. Commentary []
Stocks turned in a lackluster performance on Thursday, as investors looked ahead to the release of the Labor Department's Employment report on Friday. Investors were also jittery as the price of oil reached a new high, raising fears of increased inflation.

Stocks Turn Lower After Seeing Early Strength - U.S. Commentary []
After failing to sustain an early upward move, stocks have turned lower over the course of morning trading on Monday. The major averages have pulled back off their highs for the session and into negative territory.

Market Likely To Open Lower On Weak Global Cues - Asian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Wednesday. Some degree of profit booking can also be expected following recent record gains. The U.S. stocks plunged Tuesday amid housing woes and discouraging news from AT&T.

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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.