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%.