MARKET UPDATE FOR 25 SEPTEMBER

Volatility may grip the bourses ahead of expiry of September

2008 derivatives contracts. By Wednesday, 24 September 2008,

roll over in Nifty stood at about 44% from September 2008 contracts

to October 2008 contracts. The government will today, 25 September

2008, release inflation data for 12 months to 13 September 2008, after

market hours. Inflation based on the whole price index rose 12.14% in

12 months to 6 September 2008, marginally above previous week's

12.10% rise. The Dow and the S&P 500 edged lower on Wednesday,

24 September 2008, as uncertainty about when the US Congress might

approve a proposed $700 billion financial sector bailout plan offset

Warren Buffett's $5 billion bet on Goldman Sachs. The Nasdaq edged up,

boosted by tech shares that rose on hopes an eventual bailout would

increase tech spending. Dow shed 29 points or 0.27% to 10,825.17. The

Nasdaq Composite index edged up 2.35 points or 0.11% at 2,155.68. Asian

stocks were mixed today, 25 September 2008. Key benchmark indices in

Japan, South Korea, Singapore and Taiwan were down by between 0.4%

to 1.07%. Key benchmark indices in Hong Kong and China were up by

between 0.4% to 4.2%.