This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monday's Asia ADR Recap: Hutchison

Stocks in India crashed on Monday to their lowest level of the year on heightened concerns over skyrocketing crude oil prices and fears of uncontrollable inflation. Market observers in the Far East said that traders reacted to the super spike of $10 in crude oil prices and the disappointing U.S. unemployment report that helped take the Dow down 400 points on Friday. The Sensex Index dove past the psychologically important level of 15,000 before rebounding to close slightly above the key mark.

Market players are worried that inflation, which is already running at 8%, is spiraling out of control after the government initiated fuel price hikes last week.

"Investors are panicky about the overall market scenario as they feel there might be further rise in inflation. It will take some time for the market to adjust to the emerging global economic scenario due to the rise in crude oil prices," said S.P. Tulsian, financial analyst and CEO of Tulsian.com.

The Bombay Stock Exchange's Sensex Index plunged 505 points, or 3.2%, to 15,066.10 Here's a look at how some India-based American depositary shares traded in the U.S. on Monday.

According to a report from the Economic Times, Indian auto maker Tata Motors (TTM) has been approached by executives from General Motors (GM) about the possible sale of its high-end SUV brand Hummer. Tata declined to comment on the report.

Tata also announced it has launched two new heavy commercial vehicles that include the Tata LPS 4930 Novus heavy-duty tractor and the Tata LPT 2516 super turbo heavy-duty truck. The company said that the LPT 2516 will have 10% better fuel efficiency than its nearest competitor and that the LPS 4930 will be outfitted with a Cummins (CMI) 245ph engine and Eaton (ETN) gear box. Both HCVs will be sold in Jharkhand. American depositary shares of Tata, which trade on the NYSE, fell 2.6% to $12.17.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Submit an article to us!
SYM TRADE IT LAST %CHG
ATAI $4.49 1.58%
CTSH $61.00 -2.80%
MT $10.82 0.09%
NCTY $1.40 0.00%
TTM $40.92 -0.63%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs