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Wednesday, December 1, 2010

Report on Indian and Global Stock Market

Indian Market:

30-share BSE Sensex closed at 19,521.25, up 116.15 points or 0.60%, after seeing recovery of 303.23 points from day's low of 19,218.02. The broader indices outperformed benchmarks; BSE Midcap Index was up 1.4% and Smallcap up 1.9%.

The RBI has also further eased Statutory Liquidity Ratio (SLR) requirements as a temporary measure. Banks can now maintain a lower SLR that is two percentage points less than the current requirement. Earlier, they were allowed a one percentage point relief.

Telecom value-added services provider One97 Communications Ltd has delayed its initial public offering by about two weeks due to the current market volatility.

Global Cues:


Most Asian markets were trading lower today, 30 November 2010, on lingering concerns Europe's debt crisis may spread. The key benchmark indices in Indonesia, Singapore, Hong Kong, Japan and China fell by between 0.19% and 0.93%. But, the key benchmark indices in South Korea and Taiwan were up 1.07% and 0.90% respectively.

The U.S. government said on Monday it deeply regretted the release of any classified information and would tighten security to prevent leaks such as WikiLeaks' disclosure of a trove of State Department cables.

Portugal's banks
may face an "intolerable risk" if the country fails to consolidate its public finances, the Bank of Portugal warned on Tuesday

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