Saturday, June 7, 2008

US market

DOW -394.64 (12209.81)

NASDAQ -75.38 (2474.56)

S&P 500 -43.37 (1360.68)

US data

Stocks fall as oil prices, U.S. jobless rate soar

U.S. lost jobs for a fifth month and the unemployment rate rose by the most in more than two decades, as an influx of students into the workforce drove the biggest jump in teenage joblessness since at least 1948

U.S. stocks face renewed economic uncertainties
Surge in joblessness, oil near $140 fuel recession fears

Fed's Bullard says too soon to say markets have recovered

Crude touches $139 mark just ahead of pit close; now up $10.63 to $138.40

Fed's Bullard says Fed must tackle inflation this year

ECB's Weber says Euro-area economic fundamentals remain sound

May Nonfarm Payrolls -49K vs -60K consensus, prior revised to -28K from -20K

May Unemployment Rate 5.5% vs 5.1% consensus; prior 5.0%

news

Punj Lloyd bags Rs 6.49 bn contract from IOC

GMR Infra arm approves relocation of power plant

news

SBI inks MoU with Self Employed Women`s Association (SEWA) for its Gram Mahila Haat (GMH) project,

Transgene Biotek inks pact with Mentor Pharma

Motilal Oswal to raise Rs 8 bn in six months

Petron Engg. bags Rs 36.85 mn order from India Cements

The Multi Commodity Exchange of India (MCX) is reintroducing futures trading in crude palm oil (CPO) on Friday

KPIT Cummins Intosystems, a specialist solutions partner to global manufacturing corporations, announced a joint go-to-market partnership with SAP India

stock news

Reliance Industries reported a fire which broke out on Friday in Nagothane petrochemical manufacturing facility.

Petrol price likely to cut by Re 1

GAIL inks gas co-operation pact with Tamil Nadu Industrial Development Corporation (TIDCO)

Maruti Suzuki launches Maruti 800 Duo that runs on petrol as well as liquefied petroleum gas. (LPG)

Aditya Birla Nuvo shuts down fertilizer plant at Jagdishpur, UP

Patel Engineering bagged the USD 280 million Taum Sauck upper reservoir dam reconstruction project, the largest RCC dam in Missouri, USA

Nitin Fire secures Rs 40 mn order for IP Based Digital Video Management system along with intelligent building management system for Vodafone