MARKET SUMMARY FOR SEPTEMBER 22
Profit selling coupled with concerns arising from higher crude oilprices
dragged the market lower today, 22 September 2008. The30-share
BSE Sensex provisionally ended 89.55 points lower. All thesectoral
indices on BSE, barring FMCG and metal indices, werenegative.
At 15:30 IST, the crude oil was trading at $106.04 on the New
YorkMercantile Exchange (NYMEX). Asian stocks rose after the
US government proposed a $700 billionplan to solve the world financial
crisis by rescuing banks frombillions of dollars in risky mortgage debt.
Key benchmark indicesin Hong Kong, Japan, China, South Korea, and
Taiwan were up bybetween 0.31% to 7.77%. However, Singapore's
Straits Times was down0.58%.