Monday 26 November 2007

Market Update - 26 Nov 2007

A rally on Friday and today morning faded by end of day. Thanks to HSBC who revealed plans to prop up its sub-prime arms.

There is more bad news from ECB as it plans to pump in more money in the financial market. Housing market is not helping either. All doom and gloom in US market may impact the economy in India and China and this negative sentiment is causing the slide in the mining shares. Commerical property and banks are following the trend.

There are few candidated in DT scan but none of them worth mentioning here. The volume is very low.

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