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Siemens softens despite bagging contract
Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares.

Sensex ends down 108pts
The Sensex has finally ended (provisional) at 16,674 - down 108 points.

News of the day

Bye bye, brand name
Self-deprecating humour isn’t something one sees too much of in this country (where making fun of others is held a nobler pursuit than laughing at one’s own foibles), so I’m always pleased to read Saad Akhtar’s webcomic Fly, You Fools! (People are Mindless Cattle), a good-natured, witty take on some of the things we read about in the newspapers every day. It isn’t brilliantly written or drawn (in fact, it mostly uses photos and mixed media rather than fresh illustrations) but it’s goofy and perceptive, casting fresh light on (among other things) security checks at mall entrances (http://tinyurl.com/5s25pe), rich kids mowing down pavement-dwellers in their Mercs (http://tinyurl.com/mhpwep), and loud honking at traffic signals as a substitute for sexual inadequacy (http://tinyurl.com/kl7knc).
Management

Asian markets end flat

Asian markets ended flat at the end of a lacklustre day. - Asian markets in red - Asian markets up 4th day in a row - Asian markets end positive - Asian markets end in green; Hang Seng surges - Asian markets end positive; Hang Seng up 2% - Asian markets end negative; Seoul Composite sheds 2% The Hang Seng added 156 points to 22,554. The Nikkei was down 34 points at 9,770. The Shanghai Composite advanced 15 points to 3,187. The Seoul Composite, the Straits Times and the Taiwan Weighted ended flat. _____________________________________________ (Updated at 1216 hrs) The Hang Seng is up 24 points at 22,421. The Nikkei is down 34 points at 9,770. The Shanghai Composite Index is marginally down at 3,165. The Straits Times, Seoul Composite and the Taiwan Weighted indices are flat at 2,715, 1,572 and 7,666, respectively. __________________________________________ (Updated at 0816hrs) Asian markets are mixed this morning. The Hang Seng has added 138 points to 22,535. The Nikkei has slipped 52 points to 9,752. The Taiwan Weighted has advanced 11 points to 7,682. The Shanghai Composite and the Straits Times are down 11 points each at 3,163 and 2,715, respectively.


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