8900 or may be 8400 is possible. Beware...

Bernanke Says Economic Recovery `Will Not Happen Right Away`

Oct. 15 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said government efforts to calm financial markets and stem the credit crisis probably won`t result in an immediate economic rebound.

``Stabilization of the financial markets is a critical first step, but even if they stabilize as we hope they will, broader economic recovery will not happen right away,`` Bernanke said today in written remarks to the Economic Club of New York. ``Economic activity will fall short of potential for a time.``

The U.S. is showing increasing signs of falling into a recession, according to economists surveyed by Bloomberg News. The economy shrank at a 0.2 percent annual pace in the third quarter, and will contract 0.8 percent in the last three months of the year, according to the median estimate of economists surveyed earlier this month.

Economists expect U.S. gross domestic product to expand by just 1.2 percent next year as the collapse of the housing market, rising unemployment and constrained credit cause consumers and businesses to curtail spending. Consumer purchases fell 1.2 percent in September, extending the decline to three straight months, Commerce Department figures showed today.

``The housing market continues to be a primary source of weakness in the real economy as well as in the financial markets, and we have seen marked slowdowns in consumer spending, business investment and the labor market,`` Bernanke said. ``Credit markets will take some time to unfreeze.`` ...

Oct. 15 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said government efforts to calm financial markets and stem the credit crisis probably won`t result in an immediate economic rebound.

``Stabilization of the financial markets is a critical first step, but even if they stabilize as we hope they will, broader economic recovery will not happen right away,`` Bernanke said today in written remarks to the Economic Club of New York. ``Economic activity will fall short of potential for a time.``

The U.S. is showing increasing signs of falling into a recession, according to economists surveyed by Bloomberg News. The economy shrank at a 0.2 percent annual pace in the third quarter, and will contract 0.8 percent in the last three months of the year, according to the median estimate of economists surveyed earlier this month.

Economists expect U.S. gross domestic product to expand by just 1.2 percent next year as the collapse of the housing market, rising unemployment and constrained credit cause consumers and businesses to curtail spending. Consumer purchases fell 1.2 percent in September, extending the decline to three straight months, Commerce Department figures showed today.

``The housing market continues to be a primary source of weakness in the real economy as well as in the financial markets, and we have seen marked slowdowns in consumer spending, business investment and the labor market,`` Bernanke said. ``Credit markets will take some time to unfreeze.`` ...

Oct. 15 (Bloomberg) -- The eroding U.S. economy drove retail sales into their longest slump in at least 16 years, even before this month`s market collapse signaled a deepening recession.

Consumer purchases fell 1.2 percent in September, extending the decline to three straight months, the first time that`s happened since comparable records began in 1992, Commerce Department figures showed today. In another sign of weakening demand, prices paid to U.S. producers fell last month on lower fuel costs.

Sales are slowing just as merchants prepare for the holiday selling season, on which they depend for the largest share of their revenue. San Francisco Federal Reserve President Janet Yellen said yesterday the U.S. may already be in a recession, and stocks dropped amid concern that the government`s plans to inject capital into banks won`t halt the economy`s decline. ...

Oct. 15 (Bloomberg) -- U.S. stocks slumped for a second day, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the nation out of a prolonged recession.

Exxon Mobil Corp. and Chevron Corp. tumbled more than 6 percent as commodity prices declined on concern the slowing economy will hurt demand. Wal-Mart Stores Inc. retreated 4.7 percent after the Commerce Department said purchases at chain stores decreased 1.2 percent last month. Morgan Stanley lost 11 percent after Oppenheimer & Co. analyst Meredith Whitney said the government`s bank rescue is not a ``panacea`` solution. ...

Rs.1000/- to Rs.1050/- is next down target for Infosys Tech. Beware!!!

Take the best decision....

Rs.1290/- to Rs.1350/- is next down level which RIL will breach in short term.

Take the best decisions.
...

cool man, first check the company last performances and then give any target. ...

I dont see anything like down range as i been closely observing the company....

Dear My Multibaggers, ths good to inform about this but this is one of old site of stock market ,may be this is new for you. & think that u can see live TV on this site also . Like CABC Happy investing NoFear Portfolio Manish Kedawat...

why is it in upper circiut for l;ast 2 trading session?...

Results are on Oct 22 2008. Expected profit for this quarter is 225 crores. Q2 always a lean quarter and to have expectations of above 300 crores in this quarter is just wishful thinking or bad intention. ...

Read as Results on 22nd Oct....

With this dismal performance for last qtr, it will continue to remain weak in this market....