Indian stocks traded lower Thursday failing to hold the 14,000 mark after breaking above the key psychological area earlier in the day. Traders said data earlier in the day that showed foreign funds were net sellers of $71.3 million on Wednesday proves that wealthy investors continue to sell into any strength. Foreigners have now sold around $6.8 billion of stock so far in 2008. Other market players shook of the news and said sell off was merely profit taking after an impressive run the last few days.
Stocks from India making moves and news in the U.S. include WNS Holdings(WNS Quote), Sterlite Industries(SLT Quote), and ICICI Bank(IBN Quote).
Stocks in Hong Kong rose slightly Thursday as bargain hunters snapped up shares ahead of the Beijing Olympics set to kick off in August that they deemed to be oversold. Strong earnings guidance out of banking leader Industrial Bank also boosted shares. The bank said it expects first-half net profits to jump 70% from a year ago. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
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UP
29.55
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7.70
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UP
21.79
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UP
0.06
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10 Yr
3.55%
SPDR Gold
110.24
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+0.28%
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+0.70%
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+0.99%
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+0.17%
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