MarketS DailY - Sep 19

US Markets:

DOW
11,019.69

410.03

+3.86%

NASDAQ

100.25

+4.78%

2,199.10

Asia at 9 AM:

NIKKEI +374.48 +3.26%
HANG SENG +1,045.90 +5.93%

SGX NIFTY : 4248 +197

Gold: 848.4 -48.30 -5.38
Silver: 1204 -66.50 -7.07%

News Today:

* Wild rally in US markets as top guns announced plans to boost the trouble economy,Paulson, Bernanke brief lawmakers on broad program to stem credit crunch.

* Stocks in Shanghai up rallies 10% after government stepeed in to rescue the markets

* Morgan Stanley is in talks for a possible merger with a large bank or raising capital from abroad.

* Crude remains below $100/ barrel.

* Inflation Numbers first week of September came at 12.14% Vs 12.10%.

* Indian banks are in better shape than global peers says FM.

* ICICI bank management says exposure to foreign banks is relatively small, assures investors and customers that it is in safe grounds.

* Realty sector is feeling the heat of the melt down, some prominent players are struggling to raise funds as borrowing costs hit peaks. Unitech , Orbit corp , DLF , Jp Ass all stocks have fallen between 50-70% from their highs.

* Morgan Stanley is seen selling its indian portfolio. Keep an eye on their holdings.