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Equitymaster submits: After a weak opening, strong buying activity in the index heavyweights propelled the indices to stay well above the dotted line throughout the day. Although profit booking was witnessed at higher levels, the indices managed to hold on to their gains and close well into the positive. While the BSE Sensex closed higher by around 87 points (up 0.5%), the NSE Nifty gained around 23 points (up 0.4%). Midcap and smallcap stocks also registered gains of 0.6% each. While banking and auto stocks led the pack of gainers, healthcare and metals stocks were at the receiving end. As regards global markets, Asian indices closed mixed today while European indices have also opened on a mixed note. The rupee was trading at Rs 45.66 to the dollar at the time of writing. Complete Story »

Equitymaster submits: The Indian markets had a rather volatile session today. After oscillating to either side of yesterday's close for a larger part of the session, selling activity finally took toll pushing the indices into the red. There was no respite in the final trading hour as well and the markets closed well below the dotted line. While the BSE Sensex closed lower by around 75 points (down 0.4%), the NSE Nifty lost around 18 points (down 0.3%). The BSE Midcap closed flat, while the BSE Smallcap gained around 0.4%. Losses were seen in IT, banking and metals stocks. Barring India, most Asian indices closed in the green today while the European indices have opened on a mixed note. The rupee was trading at Rs 45.78 to the dollar at the time of writing. Complete Story »

Brooks McFeely submits:4:10 PM, Sep 11, 2009 --

• NYSE down 6.98 (0.1%) to 6,843.83.
• DJIA down 22 (0.23%) to 9,605.
• S&P 500 down 1.41 (0.14%) to 1,043.
• Nasdaq down 3.12 (0.2%) to 2,081.

GLOBAL SENTIMENT Complete Story »

Ryan Barnes submits:When you lose, Don’t lose the lesson - The Dalai Lama For the better part of 5 months I’ve been kicking myself over not dumping Pfizer (PFE) from the Secular Trends Portfolio the day they announced the Wyeth merger. The second I heard about the deal I honestly thought the TV announcer had made a mistake; “No no, it couldn’t be Wyeth. That would just be stupid”Complete Story »