NSE's Market Tracker is an excellent area from where one can see all information of any NSE scrip compiled in a single window. This has been posted at the NSE site and is an excellent link to keep an eye on whenever some information is required. Futures, financial results, shareholding pattern, board meetings, trading history, downloads of annual reports, company information, corporate actions and announcements can be obtained in a single window.
Following are links to some of the stocks (the ones traded in futures are listed). If you do not find the stock you are looking for, try to use the NSE symbol at the end of the link.
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Sunday, 23 November 2008
NSE's Market Tracker
Thursday, 20 November 2008
FnO
Following is a list of top gainers and losers in the futures and options market in the NSE on the 20th November 2008 for the November series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE OPEN_INT CHG_IN_OI IN O.I. EVERONN 202 239.8 194.55 232.5 27200 10400 61.9 GLAXO 1070 1099 1052.3 1094.3 9000 3300 57.89 HDIL 92.6 93.5 84.65 87.95 5690964 1749240 44.38 CHAMBLFERT 33 33.85 30.85 31.85 6496350 1528350 30.76 STERLINBIO 176.05 178.6 162.95 168 8792500 1317500 17.63 ESSAROIL 63.6 68.45 62 67.05 4346136 590216 15.71 GVKPIL 12.5 13.5 12.4 13.05 12839250 1482000 13.05 STAR 94.45 102.45 94.45 101.8 219300 24650 12.66 LICHSGFIN 172 173.25 160 166.8 582250 43350 8.04 TTML 20.1 20.3 19.1 19.75 15544375 1107700 7.67 PUNJLLOYD 147.7 148.9 140.1 143.75 6555750 427500 6.98 BANKINDIA 243.4 247.7 228.5 242.9 3406700 207100 6.47 GTOFFSHORE 240 275.7 222.75 264.75 359500 21500 6.36 TATACHEM 150.15 150.15 141.2 142.45 695925 31050 4.67 STER 210 212.85 196.25 201.25 5561286 240243 4.51 SUNTV 137 141 135 138.45 73000 3000 4.29 CROMPGREAV 114.25 119 106.8 116.35 314000 12500 4.15 CANBK 164 166.75 160.25 162.9 428000 13600 3.28 ALBK 44.25 46.25 44 45.75 1781150 49000 2.83 DRREDDY 396.05 417.4 396.05 412.4 485600 13200 2.79 BONGAIREFN 37 37 35.7 36.55 922500 24750 2.76 HINDUNILVR 230.05 233.9 225 232.65 15368000 327000 2.17 IDBI 59.6 64.6 57.6 62.75 2960400 62400 2.15 DLF 210.05 215.8 200.05 203.8 7788400 159600 2.09 INDUSINDBK 37.25 37.25 33.5 33.85 662200 11550 1.78 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE OPEN_INT CHG_IN_OI IN O.I. HEROHONDA 719.8 723.45 685.7 697.35 1714400 -845600 -33.03 3IINFOTECH 35.1 36.3 34.3 34.55 980100 -434700 -30.73 KOTAKBANK 280 298.7 273 290.1 1600225 -601975 -27.34 IBREALEST 95 98.75 89.3 92.4 2353000 -833300 -26.15 GTL 193.15 196.9 191 196.1 3593250 -1115250 -23.69 VOLTAMP 313.45 345 287 320 4500 -1000 -18.18 DISHTV 13.2 13.5 12.7 13.35 2065150 -448050 -17.83 TRIVENI 36.45 36.6 33 33.8 1595825 -336875 -17.43 TATASTEEL 155.9 160 153 157.7 7277482 -1500878 -17.1 RIIL 330 330 300.35 306.05 26200 -5200 -16.56 IVRCLINFRA 112.2 122.7 104.7 118 1994500 -347500 -14.84 APTECHT 70.25 75.5 69.15 73.1 1462500 -247000 -14.45 NIITLTD 20.6 21.9 20 21.35 704700 -116000 -14.13 HINDPETRO 224.1 226 215.2 222 1541800 -252200 -14.06 GSPL 28.55 29.65 28.55 29.6 1244400 -198250 -13.74 IDEA 41.25 42.5 40.6 41.25 9868500 -1522800 -13.37 BOMDYEING 164.9 168.95 152.85 154.5 350400 -53400 -13.22 HDFC 1322.1 1337 1198.1 1289.9 1425375 -207825 -12.73 HCL-INSYS 66.5 69 66.5 69 11900 -1700 -12.5 BPCL 313 319 300 312.15 1045550 -147950 -12.4 RCOM 187 192.4 179.2 182.9 9478000 -1277850 -11.88 KLGSYSTEL 77 79.75 75.05 79.1 15500 -2000 -11.43 BIOCON 97.6 99.5 97.6 98.95 198000 -25200 -11.29 IDFC 55.1 58.7 53.75 56.7 9053550 -1132800 -11.12 MATRIXLABS 53.2 53.2 50.5 51.15 92500 -11250 -10.84
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Sunday, 16 November 2008
G20 Declaration : Financial Markets and the World Economy
A group of nearly two dozen world leaders on Saturday reached agreement on a wide-ranging set of proposals to better regulate financial markets. Their goal is over the next several months to put rules and early-detection systems in place to head off another financial crisis like the one currently damaging economies worldwide. Declaration: Summit on Financial Markets and the World Economy 1. We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges to the world economy and financial markets. We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the world's financial systems. 2. Over the past months our countries have taken urgent and exceptional measures to support the global economy and stabilize financial markets. These efforts must continue. At the same time, we must lay the foundation for reform to help to ensure that a global crisis, such as this one, does not happen again. Our work will be guided by a shared belief that market principles, open trade and investment regimes, and effectively regulated financial markets foster the dynamism, innovation, and entrepreneurship that are essential for economic growth, employment, and poverty reduction. Root Causes of the Current Crisis 3. During a period of strong global growth, growing capital flows, and prolonged stability earlier this decade, market participants sought higher yields without an adequate appreciation of the risks and failed to exercise proper due diligence. At the same time, weak underwriting standards, unsound risk management practices, increasingly complex and opaque financial products, and consequent excessive leverage combined to create vulnerabilities in the system. Policymakers, regulators and supervisors, in some advanced countries, did not adequately appreciate and address the risks building up in financial markets, keep pace with financial innovation, or take into account the systemic ramifications of domestic regulatory actions. 4. Major underlying factors to the current situation were, among others, inconsistent and insufficiently coordinated macroeconomic policies, inadequate structural reforms, which led to unsustainable global macroeconomic outcomes. These developments, together, contributed to excesses and ultimately resulted in severe market disruption. Actions Taken and to be Taken 5. We have taken strong and significant actions to date to stimulate our economies, provide liquidity, strengthen the capital of financial institutions, protect savings and deposits, address regulatory deficiencies, unfreeze credit markets, and are working to ensure that international financial institutions (IFIs) can provide critical support for the global economy. 6. But more needs to be done to stabilize financial markets and support economic growth. Economic momentum is slowing substantially in major economies and the global outlook has weakened. Many emerging market economies, which helped sustain the world economy this decade, are still experiencing good growth but increasingly are being adversely impacted by the worldwide slowdown. 7. Against this background of deteriorating economic conditions worldwide, we agreed that a broader policy response is needed, based on closer macroeconomic cooperation, to restore growth, avoid negative spillovers and support emerging market economies and developing countries. As immediate steps to achieve these objectives, as well as to address longer-term challenges, we will: Continue our vigorous efforts and take whatever further actions are necessary to stabilize the financial system. Recognize the importance of monetary policy support, as deemed appropriate to domestic conditions. Use fiscal measures to stimulate domestic demand to rapid effect, as appropriate, while maintaining a policy framework conducive to fiscal sustainability. Help emerging and developing economies gain access to finance in current difficult financial conditions, including through liquidity facilities and program support. We stress the International Monetary Fund's (IMF) important role in crisis response, welcome its new short-term liquidity facility, and urge the ongoing review of its instruments and facilities to ensure flexibility. Encourage the World Bank and other multilateral development banks (MDBs) to use their full capacity in support of their development agenda, and we welcome the recent introduction of new facilities by the World Bank in the areas of infrastructure and trade finance. Ensure that the IMF, World Bank and other MDBs have sufficient resources to continue playing their role in overcoming the crisis. Common Principles for Reform of Financial Markets 8. In addition to the actions taken above, we will implement reforms that will strengthen financial markets and regulatory regimes so as to avoid future crises. Regulation is first and foremost the responsibility of national regulators who constitute the first line of defense against market instability. However, our financial markets are global in scope, therefore, intensified international cooperation among regulators and strengthening of international standards, where necessary, and their consistent implementation is necessary to protect against adverse cross-border, regional and global developments affecting international financial stability. Regulators must ensure that their actions support market discipline, avoid potentially adverse impacts on other countries, including regulatory arbitrage, and support competition, dynamism and innovation in the marketplace. Financial institutions must also bear their responsibility for the turmoil and should do their part to overcome it including by recognizing losses, improving disclosure and strengthening their governance and risk management practices. 9. We commit to implementing policies consistent with the following common principles for reform. Strengthening Transparency and Accountability: We will strengthen financial market transparency, including by enhancing required disclosure on complex financial products and ensuring complete and accurate disclosure by firms of their financial conditions. Incentives should be aligned to avoid excessive risk-taking. Enhancing Sound Regulation: We pledge to strengthen our regulatory regimes, prudential oversight, and risk management, and ensure that all financial markets, products and participants are regulated or subject to oversight, as appropriate to their circumstances. We will exercise strong oversight over credit rating agencies, consistent with the agreed and strengthened international code of conduct. We will also make regulatory regimes more effective over the economic cycle, while ensuring that regulation is efficient, does not stifle innovation, and encourages expanded trade in financial products and services. We commit to transparent assessments of our national regulatory systems. Promoting Integrity in Financial Markets: We commit to protect the integrity of the world's financial markets by bolstering investor and consumer protection, avoiding conflicts of interest, preventing illegal market manipulation, fraudulent activities and abuse, and protecting against illicit finance risks arising from non-cooperative jurisdictions. We will also promote information sharing, including with respect to jurisdictions that have yet to commit to international standards with respect to bank secrecy and transparency. Reinforcing International Cooperation: We call upon our national and regional regulators to formulate their regulations and other measures in a consistent manner. Regulators should enhance their coordination and cooperation across all segments of financial markets, including with respect to cross-border capital flows. Regulators and other relevant authorities as a matter of priority should strengthen cooperation on crisis prevention, management, and resolution. Reforming International Financial Institutions: We are committed to advancing the reform of the Bretton Woods Institutions so that they can more adequately reflect changing economic weights in the world economy in order to increase their legitimacy and effectiveness. In this respect, emerging and developing economies, including the poorest countries, should have greater voice and representation. The Financial Stability Forum (FSF) must expand urgently to a broader membership of emerging economies, and other major standard setting bodies should promptly review their membership. The IMF, in collaboration with the expanded FSF and other bodies, should work to better identify vulnerabilities, anticipate potential stresses, and act swiftly to play a key role in crisis response. Tasking of Ministers and Experts 10. We are committed to taking rapid action to implement these principles. We instruct our Finance Ministers, as coordinated by their 2009 G-20 leadership (Brazil, UK, Republic of Korea), to initiate processes and a timeline to do so. An initial list of specific measures is set forth in the attached Action Plan, including high priority actions to be completed prior to March 31, 2009. In consultation with other economies and existing bodies, drawing upon the recommendations of such eminent independent experts as they may appoint, we request our Finance Ministers to formulate additional recommendations, including in the following specific areas: Mitigating against pro-cyclicality in regulatory policy; Reviewing and aligning global accounting standards, particularly for complex securities in times of stress; Strengthening the resilience and transparency of credit derivatives markets and reducing their systemic risks, including by improving the infrastructure of over-the-counter markets; Reviewing compensation practices as they relate to incentives for risk taking and innovation; Reviewing the mandates, governance, and resource requirements of the IFIs; and Defining the scope of systemically important institutions and determining their appropriate regulation or oversight. 11. In view of the role of the G-20 in financial systems reform, we will meet again by April 30, 2009, to review the implementation of the principles and decisions agreed today. Commitment to an Open Global Economy 12. We recognize that these reforms will only be successful if grounded in a commitment to free market principles, including the rule of law, respect for private property, open trade and investment, competitive markets, and efficient, effectively regulated financial systems. These principles are essential to economic growth and prosperity and have lifted millions out of poverty, and have significantly raised the global standard of living. Recognizing the necessity to improve financial sector regulation, we must avoid over-regulation that would hamper economic growth and exacerbate the contraction of capital flows, including to developing countries. 13. We underscore the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty. In this regard, within the next 12 months, we will refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or implementing World Trade Organization (WTO) inconsistent measures to stimulate exports. Further, we shall strive to reach agreement this year on modalities that leads to a successful conclusion to the WTO's Doha Development Agenda with an ambitious and balanced outcome. We instruct our Trade Ministers to achieve this objective and stand ready to assist directly, as necessary. We also agree that our countries have the largest stake in the global trading system and therefore each must make the positive contributions necessary to achieve such an outcome. 14. We are mindful of the impact of the current crisis on developing countries, particularly the most vulnerable. We reaffirm the importance of the Millennium Development Goals, the development assistance commitments we have made, and urge both developed and emerging economies to undertake commitments consistent with their capacities and roles in the global economy. In this regard, we reaffirm the development principles agreed at the 2002 United Nations Conference on Financing for Development in Monterrey, Mexico, which emphasized country ownership and mobilizing all sources of financing for development. 15. We remain committed to addressing other critical challenges such as energy security and climate change, food security, the rule of law, and the fight against terrorism, poverty and disease. 16. As we move forward, we are confident that through continued partnership, cooperation, and multilateralism, we will overcome the challenges before us and restore stability and prosperity to the world economy. Action Plan to Implement Principles for Reform This Action Plan sets forth a comprehensive work plan to implement the five agreed principles for reform. Our finance ministers will work to ensure that the taskings set forth in this Action Plan are fully and vigorously implemented. They are responsible for the development and implementation of these recommendations drawing on the ongoing work of relevant bodies, including the International Monetary Fund (IMF), an expanded Financial Stability Forum (FSF), and standard setting bodies. Strengthening Transparency and Accountability Immediate Actions by March 31, 2009 The key global accounting standards bodies should work to enhance guidance for valuation of securities, also taking into account the valuation of complex, illiquid products, especially during times of stress. Accounting standard setters should significantly advance their work to address weaknesses in accounting and disclosure standards for off-balance sheet vehicles. Regulators and accounting standard setters should enhance the required disclosure of complex financial instruments by firms to market participants. With a view toward promoting financial stability, the governance of the international accounting standard setting body should be further enhanced, including by undertaking a review of its membership, in particular in order to ensure transparency, accountability, and an appropriate relationship between this independent body and the relevant authorities. Private sector bodies that have already developed best practices for private pools of capital and/or hedge funds should bring forward proposals for a set of unified best practices. Finance Ministers should assess the adequacy of these proposals, drawing upon the analysis of regulators, the expanded FSF, and other relevant bodies. Medium-term actions The key global accounting standards bodies should work intensively toward the objective of creating a single high-quality global standard. Regulators, supervisors, and accounting standard setters, as appropriate, should work with each other and the private sector on an ongoing basis to ensure consistent application and enforcement of high-quality accounting standards. Financial institutions should provide enhanced risk disclosures in their reporting and disclose all losses on an ongoing basis, consistent with international best practice, as appropriate. Regulators should work to ensure that a financial institution' financial statements include a complete, accurate, and timely picture of the firm's activities (including off-balance sheet activities) and are reported on a consistent and regular basis. Enhancing Sound Regulation Regulatory Regimes Immediate Actions by March 31, 2009 The IMF, expanded FSF, and other regulators and bodies should develop recommendations to mitigate pro-cyclicality, including the review of how valuation and leverage, bank capital, executive compensation, and provisioning practices may exacerbate cyclical trends. Medium-term actions To the extent countries or regions have not already done so, each country or region pledges to review and report on the structure and principles of its regulatory system to ensure it is compatible with a modern and increasingly globalized financial system. To this end, all G-20 members commit to undertake a Financial Sector Assessment Program (FSAP) report and support the transparent assessments of countries' national regulatory systems. The appropriate bodies should review the differentiated nature of regulation in the banking, securities, and insurance sectors and provide a report outlining the issue and making recommendations on needed improvements. A review of the scope of financial regulation, with a special emphasis on institutions, instruments, and markets that are currently unregulated, along with ensuring that all systemically-important institutions are appropriately regulated, should also be undertaken. National and regional authorities should review resolution regimes and bankruptcy laws in light of recent experience to ensure that they permit an orderly wind-down of large complex cross-border financial institutions. Definitions of capital should be harmonized in order to achieve consistent measures of capital and capital adequacy. Prudential Oversight Immediate Actions by March 31, 2009 Regulators should take steps to ensure that credit rating agencies meet the highest standards of the international organization of securities regulators and that they avoid conflicts of interest, provide greater disclosure to investors and to issuers, and differentiate ratings for complex products. This will help ensure that credit rating agencies have the right incentives and appropriate oversight to enable them to perform their important role in providing unbiased information and assessments to markets. The international organization of securities regulators should review credit rating agencies' adoption of the standards and mechanisms for monitoring compliance. Authorities should ensure that financial institutions maintain adequate capital in amounts necessary to sustain confidence. International standard setters should set out strengthened capital requirements for banks' structured credit and securitization activities. Supervisors and regulators, building on the imminent launch of central counterparty services for credit default swaps (CDS) in some countries, should: speed efforts to reduce the systemic risks of CDS and over-the-counter (OTC) derivatives transactions; insist that market participants support exchange traded or electronic trading platforms for CDS contracts; expand OTC derivatives market transparency; and ensure that the infrastructure for OTC derivatives can support growing volumes. Medium-term actions Credit Ratings Agencies that provide public ratings should be registered. Supervisors and central banks should develop robust and internationally consistent approaches for liquidity supervision of, and central bank liquidity operations for, cross-border banks. Risk Management Immediate Actions by March 31, 2009 Regulators should develop enhanced guidance to strengthen banks' risk management practices, in line with international best practices, and should encourage financial firms to reexamine their internal controls and implement strengthened policies for sound risk management. Regulators should develop and implement procedures to ensure that financial firms implement policies to better manage liquidity risk, including by creating strong liquidity cushions. Supervisors should ensure that financial firms develop processes that provide for timely and comprehensive measurement of risk concentrations and large counterparty risk positions across products and geographies. Firms should reassess their risk management models to guard against stress and report to supervisors on their efforts. The Basel Committee should study the need for and help develop firms' new stress testing models, as appropriate. Financial institutions should have clear internal incentives to promote stability, and action needs to be taken, through voluntary effort or regulatory action, to avoid compensation schemes which reward excessive short-term returns or risk taking. Banks should exercise effective risk management and due diligence over structured products and securitization. Medium -term actions International standard setting bodies, working with a broad range of economies and other appropriate bodies, should ensure that regulatory policy makers are aware and able to respond rapidly to evolution and innovation in financial markets and products. Authorities should monitor substantial changes in asset prices and their implications for the macroeconomy and the financial system. Promoting Integrity in Financial Markets Immediate Actions by March 31, 2009 Our national and regional authorities should work together to enhance regulatory cooperation between jurisdictions on a regional and international level. National and regional authorities should work to promote information sharing about domestic and cross-border threats to market stability and ensure that national (or regional, where applicable) legal provisions are adequate to address these threats. National and regional authorities should also review business conduct rules to protect markets and investors, especially against market manipulation and fraud and strengthen their cross-border cooperation to protect the international financial system from illicit actors. In case of misconduct, there should be an appropriate sanctions regime. Medium -term actions National and regional authorities should implement national and international measures that protect the global financial system from uncooperative and non-transparent jurisdictions that pose risks of illicit financial activity. The Financial Action Task Force should continue its important work against money laundering and terrorist financing, and we support the efforts of the World Bank - UN Stolen Asset Recovery (StAR) Initiative. Tax authorities, drawing upon the work of relevant bodies such as the Organization for Economic Cooperation and Development (OECD), should continue efforts to promote tax information exchange. Lack of transparency and a failure to exchange tax information should be vigorously addressed. Reinforcing International Cooperation Immediate Actions by March 31, 2009 Supervisors should collaborate to establish supervisory colleges for all major cross-border financial institutions, as part of efforts to strengthen the surveillance of cross-border firms. Major global banks should meet regularly with their supervisory college for comprehensive discussions of the firm's activities and assessment of the risks it faces. Regulators should take all steps necessary to strengthen cross-border crisis management arrangements, including on cooperation and communication with each other and with appropriate authorities, and develop comprehensive contact lists and conduct simulation exercises, as appropriate. Medium -term actions Authorities, drawing especially on the work of regulators, should collect information on areas where convergence in regulatory practices such as accounting standards, auditing, and deposit insurance is making progress, is in need of accelerated progress, or where there may be potential for progress. Authorities should ensure that temporary measures to restore stability and confidence have minimal distortions and are unwound in a timely, well-sequenced and coordinated manner. Reforming International Financial Institutions Immediate Actions by March 31, 2009 The FSF should expand to a broader membership of emerging economies. The IMF, with its focus on surveillance, and the expanded FSF, with its focus on standard setting, should strengthen their collaboration, enhancing efforts to better integrate regulatory and supervisory responses into the macro-prudential policy framework and conduct early warning exercises. The IMF, given its universal membership and core macro-financial expertise, should, in close coordination with the FSF and others, take a leading role in drawing lessons from the current crisis, consistent with its mandate. We should review the adequacy of the resources of the IMF, the World Bank Group and other multilateral development banks and stand ready to increase them where necessary. The IFIs should also continue to review and adapt their lending instruments to adequately meet their members' needs and revise their lending role in the light of the ongoing financial crisis. We should explore ways to restore emerging and developing countries' access to credit and resume private capital flows which are critical for sustainable growth and development, including ongoing infrastructure investment. In cases where severe market disruptions have limited access to the necessary financing for counter-cyclical fiscal policies, multilateral development banks must ensure arrangements are in place to support, as needed, those countries with a good track record and sound policies. Medium-term actions We underscored that the Bretton Woods Institutions must be comprehensively reformed so that they can more adequately reflect changing economic weights in the world economy and be more responsive to future challenges. Emerging and developing economies should have greater voice and representation in these institutions. The IMF should conduct vigorous and even-handed surveillance reviews of all countries, as well as giving greater attention to their financial sectors and better integrating the reviews with the joint IMF/World Bank financial sector assessment programs. On this basis, the role of the IMF in providing macro-financial policy advice would be strengthened. Advanced economies, the IMF, and other international organizations should provide capacity-building programs for emerging market economies and developing countries on the formulation and the implementation of new major regulations, consistent with international standards.
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Friday, 14 November 2008
Sunday, 9 November 2008
Bailout - General Motors wants one too
General Motors has asked the government for a hand. Here's where a GM bailout would rank among other government programs.
The government has stepped in with nearly $125 billion to try and stabilize AIG. The nation's banks are tapping even more. Now General Motors wants its own bailout.
On Friday, GM (GM, Fortune 500) said it is running out of cash, and "will approach the minimum amount necessary to operate its business" by the end of this year.
The automaker said unless the economic environment changes quickly and sales improve, it would need help from the government.
Congress this year has already given the U.S. auto industry $25 billion in low-interest loans, meant to help speed the transition to more fuel-efficient vehicles.
Late last month, GM and Chrysler appealed to the Treasury for $10 billion to finance a merger that both said would save their companies - but those merger talks have been set aside, GM said Friday.
GM indicated it would need the government to provide it with an additional $25 billion to help it shift to fuel-efficient cars, and another $25 billion to fund retiree costs.
And with peers like Ford (F, Fortune 500) and Chrysler also reporting staggering declines in sales and cash flow, talk of an industry bailout is in the air.
The government already has put up close to $3 trillion in its efforts to stabilize the U.S. economy - here's where a GM handout would fit in:
SAVING WALL STREET
The government has taken these steps to aid financial institutions.
Term-auction facility: $1.4 trillion in loans to banks so far in exchange for otherwise unwanted collateral. The Fed increased its monthly auction limit to $300 billion in October, up from $20 billion when the Fed began the program.
Dollar swap lines: Unlimited dollars to 13 foreign central banks to provide liquidity to foreign financial institutions. The Fed lifted its cap after raising it to $620 billion in October from $24 billion in December.
Bear Stearns: $29 billion in a special lending facility to guarantee potential losses on its portfolio. With the lending facility, JPMorgan was able to step in to save Bear from bankruptcy.
Lending to banks: $77 billion lent on average every day to investment banks, after facility opened to non-commercial banks for first time in March.
Cash injections: $250 billion to banks in exchange for equity stake in the financial institutions in the form of senior preferred shares.
Mortgage-backed securities purchases: Up to $450 billion allotted to purchase troubled assets from banks.
Fed rate cuts: Down to 1% in October 2008, from 5.25% in September 2007.
SAVING MAIN STREET
Consumers are benefiting from the government's actions in recent months.
Stimulus checks: $100 billion in stimulus checks made their way to 140 million tax filers to boost consumer spending and help grow the economy.
Unemployment benefits: $8 billion toward an expansion of unemployment benefits, to 39 weeks from 26 weeks.
Bank takeovers: $11.4 billion drawn down so far from the FDIC's deposit insurance fund after 17 bank failures in 2008.
Rehab foreclosed homes: $4 billion to states and municipalities in assistance to buy up and rehabilitate foreclosed properties.
Student loan guarantees: $9 billion so far in government purchases of student loans from private lenders. Higher borrowing costs made student loans unprofitable for a number of lenders, many of whom stopped issuing the loans.
Money-market guarantees: $50 billion in insurance for money-market funds. The Fed then began to lend an unlimited amount of money to finance banks' purchases of debt from money-market funds. The Fed then agreed to purchase up to $69 billion in money-market debt directly. In October, the Fed said it would loan up to $600 billion directly to money-market funds.
Housing rescue: $300 billion approved for insurance of new 30-year, fixed-rate mortgages for at-risk borrowers. The bill includes $16 billion in tax credits for first-time home buyers. But lenders have been slow to sign on.
Deposit insurance: $250,000 in insurance for interest-bearing accounts, up from $100,000. The FDIC also issued unlimited guarantees on non-interest- bearing accounts and newly issued unsecured bank debt.
SAVING CORPORATE AMERICA
Uncle Sam has intervened to help companies in the following ways.
Business stimulus: $68 billion in tax breaks to corporations to help loosen the stranglehold on businesses trying to finance daily operating expenses.
Fannie Mae, Freddie Mac: $200 billion to bail out the mortgage finance giants. Federal officials assumed control of the firms and the $5 trillion in home loans they back.
AIG: $123 billion bailout, including $85 billion through a direct loan and a $38 billion lending facility aimed at providing the insurer with adequate capital. The company then refinances part of its loan through another Fed funding program.
Automakers: $25 billion in low-interest loans to speed the industry's transition to more fuel-efficient vehicles.
Commercial paper facility: $243 billion in corporate debt purchased so far by the Fed since its so-called Commercial Paper Funding Facility opened.
----- With full credits and due apology to cnn.
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Friday, 7 November 2008
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Following is a list of top gainers and losers in the futures and options market in the NSE on the 6th November 2008 for the November series: Top Gainers % CHANGE SYMBOL OPEN HIGH LOW CLOSE OPEN_INT CHG_IN_OI IN O.I. GVKPIL 15.15 17.75 14.7 17.3 10953500 5481500 100.17 HCL-INSYS 93.1 93.1 80.05 85.75 3400 1700 100 STAR 109 109.7 100 108.25 136000 59500 77.78 COLPAL 362 370.9 349 365.5 81950 28050 52.04 NAGARCONST 64.5 69.5 60.65 63.2 1775000 487000 37.81 UNIPHOS 97.7 100 92 97.35 102200 23800 30.36 PANTALOONR 215 231.9 212 226.6 67150 11900 21.54 HDIL 116.6 127.35 115 117.7 4985592 693504 16.16 JSWSTEEL 315 322 293.1 297.65 1099725 137225 14.26 CHAMBLFERT 45.7 46.75 42.9 43.75 4012350 496800 14.13 BHARTIARTL 660 672 613.8 635.25 5467500 667250 13.9 IVRCLINFRA 119 139.9 114.15 132.15 2448000 290500 13.46 GESHIP 200.4 214 175 198 585000 67200 12.98 TATACHEM 174 174 161.65 162.6 811350 86400 11.92 AUROPHARMA 117 117 102.1 106.55 598500 63700 11.91 DIVISLAB 1170 1255.55 1155.55 1244.05 177630 17980 11.26 HINDUNILVR 236.75 245.85 232.25 242.65 12948000 1304000 11.2 SHREECEM 418 422 415 422 2000 200 11.11 MAHLIFE 185.5 187.65 180.05 183.1 18200 1750 10.64 KOTAKBANK 410 445 408 425 1615900 148225 10.1 Top Losers % CHANGE SYMBOL OPEN HIGH LOW CLOSE OPEN_INT CHG_IN_OI IN O.I. GTLINFRA 35.5 36 34.25 35.3 17169000 -6683300 -28.02 INDIAINFO 53.6 58 49.75 52.55 1768750 -382500 -17.78 NUCLEUS 56.9 56.9 56.9 56.9 11000 -2200 -16.67 SOBHA 107.05 111 103.6 104.55 255500 -44800 -14.92 BAJAJ-AUTO 427.1 429.9 412.5 414.9 28800 -3800 -11.66 BALLARPUR 20 20.95 20 20.65 1014700 -116800 -10.32 WALCHANNAG 108.1 113 105.15 111.65 72100 -7700 -9.65 ABGSHIP 121 123.2 111.35 120.35 32450 -3300 -9.23 HDFCBANK 1065 1104 1032 1060.95 1874400 -186400 -9.05 BRIGADE 46 49.4 44.9 47.25 220000 -19250 -8.05 NIITLTD 30.55 31.65 29 29.45 646700 -56550 -8.04 INDIANB 126.05 131.8 123.35 129.75 376200 -31900 -7.82 ICICIBANK 435.6 459 417.6 433.35 9894500 -717500 -6.76 ORIENTBANK 135.6 145.9 135.6 142.85 858000 -60000 -6.54 VIJAYABANK 26.8 28.5 26.3 28.05 3008400 -210450 -6.54 CANBK 175.15 185 175 181.6 300000 -20800 -6.48 GAIL 196 214 195.1 203.8 3366000 -220500 -6.15 IDFC 67.9 70.05 62.05 64.05 10503475 -634250 -5.69 TCS 492 522 489.85 500.05 2494500 -146750 -5.56 MLL 34.4 37.8 33.2 35.6 1501850 -88200 -5.55 TRIVENI 42.7 46.25 42.6 43.55 2381225 -130900 -5.21 OMAXE 57.05 65 57.05 62.4 363350 -19500 -5.09 BRFL 175.55 185 168 180.85 1233950 -65550 -5.04
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