The US government has moved to guarantee USD 300 bilion in troubled Citi’s assets. It will inject an additional USD 20 billion in Citigroup.
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According to SKP Securities’ Technical report, Nifty has its support at 2500 and resistance at 2755/2900. Corresponding levels for sensex are 8700 and 9175/9245.Read full story
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K Vaidyanathan, CEO of Alchemy Capital does not see any opportunities in real estate sector. So, one should not look at this sector in a hurry any time soo, he added.Read full story
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After weeks of falling freight rates, shipping companies which play a major role in the country’s trade, have anchored some of their expansion plans, thanks to the economic slowdown. Read full story
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Citigroup shares rocket higher after federal officials back a $326 billion rescue in a plan aimed at averting chaos in the financial system.
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Energy stocks rose with the broad market in early action on Monday as investors in oil, natural gas and drilling firms took heart with the historic bailout of Citi.
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Equities in Moscow rally, buoyed by rising oil prices and heightened risk appetite among investors following the U.S. government’s rescue of Citigroup.
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