State-owned
BSNL said that it was negotiating hard with telecom equipment suppliers
Ericsson and Huawei for its Rs 320 billion project to expand GSM
network by 93 million lines, but has kept open the option for
re-inviting bids if the talks lead nowhere.News URL: http://www.myiris.com/newsCentre/storyShow.php?fileR=20091106150131199&d...

Crisil`s ratings on the debt instruments of Philips Electronics India (Philips
India) continue to reflect Philips India`s
comfortable financial risk profile, leading market position in illumination
devices such as lights, and the strong support the company receives from its
parent Koninklijke Philips Electronics NV (KPNEV, rated `A-/Stable/A-2` by
Standard & Poor`s). These rating strengths are partially offset by the
intense competition in the consumer lifestyle segment, leading to unstable
profitability for the division.

Indian rupee strengthened  from Asian and local equity markets. At 9:18 a.m. the partially convertible rupee was at 47.17/18 against the dollar, stronger by 0.47% than its previous close of 47.40/41. News URL: http://www.myiris.com/newsCentre/storyShow.php?fileR=20091104104122198&dir=2009/11/04&secID=livenews

Indian rupee strengthened  from Asian and local equity markets. At 9:18 a.m. the partially convertible rupee was at 47.17/18 against the dollar, stronger by 0.47% than its previous close of 47.40/41. News URL: http://www.myiris.com/newsCentre/storyShow.php?fileR=20091104104122198&dir=2009/11/04&secID=livenews

State-owned
oil firms  hiked jet fuel prices by nine percent to over Rs
39,000 per kilolitre following a spurt in international oil rates.

Then, Argentina "dollarised" the economy. The Argentine central bank
stopped issuing local currency, except at a fixed rate against new
accretions to forex reserves.

This led to immediate hardship as street prices rounded upwards to
reflect the fact that the USD was worth thousands of pesos. But it
eventually worked, bringing down inflation by constricting money supply
and preventing a run.

Indian markets have been on loosing ground . As per this report in economictimes, top 10 firms lost 69k in market cap.

As per this report in economictimes cabinet has approved the sale of 5% stake in Rural Electirification Corporation (REC) .

Markets are selling in last hour of trading , what does that mean. Certainly this is not good news for traders in short term. Institutions are booking profit and volume is high.

As far as investors is concerned , its all a game of stock picking. Pick good stocks for medium term and you will be better off. Time to focus on good midcap stocks , both large cap and small cap are overstrected.