Share market Review and Tips

Indian Market:

Sensex shed 150 points on sell-off across the globe post FOMC announcement. Financial and metal companies' shares were leading losers followed by selling in technology, capital goods, power and realty shares.

India may temporarily shut down BlackBerry services if New Delhi's concerns about security are not addressed in a meeting between the government and mobile phone operators on Thursday, government sources said.

Environmental concerns over a $12-billion steel plant in India planned by South Korea's POSCO, will be resolved soon, Steel Minister Virbhadra Singh said on Wednesday.

Global Cues:

Most Asian stocks dropped

on Wednesday, 11 August 2010, as the US Federal Reserve's proposal to spur growth failed to ease investor concerns the world's biggest economy is weakening. The key benchmark indices in Singapore, Taiwan, Indonesia, Japan and South Korea were down by between 0.01% to 2.28%.

US stocks fell on Tuesday, 10 August 2010 but closed off their lows after the Federal Reserve said it would take new steps to counter a weak economic recovery. The Dow, which was down about 100 points before the Fed's announcement, briefly turned positive, though buying interest waned on the Fed's more pessimistic assessment of the economy.

Sony Corp.'s and Panasonic Corp.'s ambitions for higher earnings this year depend on convincing Yin Weiguang, a retired construction worker in Beijing.