| Time to get out or get in?
Worried onlookers watch falling stock prices on the giant screen outside the Bombay Stock Exchange on Friday. Shares fell sharply by another 566.56 points or 3.42 per cent, forcing the 30-share sensitive Index to close below the 16000 mark. — Jayanta Mallick Kolkata, March 7 Market condition has forced the leading brokerages and equity strategists to come out with short-term direction calls and tactical advices. Predictably, not all suggestions are alike. The opinions varied between two extremes — reduce probable loss and get out, or enter, this is an opportunity. But some have chosen to tread the middle path with a suggestion of staying put for some more time. Religare has given a call to its clients to quit the market and stay in cash.
(AFX UK Focus) 2008-03-19 17:02 GMT: UK small caps close slightly lower; Hogg Robinson down ahead of results
LONDON (Thomson Financial) - UK smaller companies closed slightly lower today, dragged down by weakness among blue chip stocks, with Hogg Robinson Group sliding on expectation of a lower full-year EBITA. At the close, the FTSE Small Cap index was 1.9 points down on 3,017.2, while the FTSE 100 index dropped 60.2 points to 5,545.6. Hogg Robinson tumbled more than 20 pct with a drop of 11-1/2 pence to 41-1/2 pence, as the business support services company said it expects its full-year EBITA to be lower than the prior year at around 10 pct below the market consensus of 45 mln stg. It plans to peg the dividend, nevertheless. Specialist medicines manufacturer ReNeuron fell 2-3/4 to 11 after announcing filing of its ReN001 stem cell-based stroke therapy would be delayed by "several months" because of a request for additional information by the US Food and Drug Administration.
(AFX UK Focus) 2008-03-04 22:24 GMT: Stocks pull off lows on bargain hunting
NEW YORK (AP) - Wall Street closed mixed Tuesday, recuperating from a sharp plunge as investors snapped up bargain stocks on rumors that a bond insurer rescue plan is progressing and upbeat comments from Cisco Systems Inc. and Amazon.com Inc. Earlier in the session, the market sank after Merrill Lynch lowered its full-year earnings prediction for Citigroup Inc., which a Dubai fund executive said will need to raise more cash to stay in business. Another damper on trading was Intel Corp., which lowered its forecast for first-quarter profit margins. But in afternoon trading, the stock market showed signs of optimism. The financial sector regained some steam after CNBC reported that a plan to save the bond insurer Ambac Financial is advancing nicely. Technology stocks rebounded too after a Dow Jones Newswires report that Cisco CEO John Chambers said he is "even more comfortable" with the long-term growth targets the company has outlined, and after Amazon.com's chief financial officer reiterated the online retailer's 2008 revenue forecast.
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