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India sugar futures edge up on hopes of exports MUMBAI: Indian sugar futures edged up on Wednesday after hitting a six-week low on bargain buying, driven by hopes a record low rupee would revive exports.At 0855 GMT, the key September contract was up 0.17 percent at 3,012 rupees ($44.23) per 100 kg on the National Commodity and Derivatives Exchange. It had fallen to 3,001 rupees earlier in the day, the lowest level since July 19."In the coming months we can see improvement in exports demand. The weak rupee is making exports viable," said a Mumbai-based dealer. "Even we will see higher domestic demand due to festivals."A weak rupee increases the returns of sugar exporters. The rupee hit a record low on Wednesday.Spot sugar was down 1 rupee at 3,037 rupees per 100 kg at the Kolhapur market in Maharashtra state.Sugar output in India, the world's biggest consumer, is expected to exceed the current year's 25 million tonnes in the ...

Sri Lanka bourse closes near 5-month low as John Keells tumbles COLOMBO: Sri Lankan stocks fell nearly 3 percent on Wednesday to close at a near five-month low, led by market heavyweight John Keells Holdings after it announced a large rights issue to fund a resort project, dealers said.The main share index fell 2.9 percent, or 170.14 points, to 5,753.20, its lowest close since early April.Top conglomerate John Keells plummeted 10.2 percent to 208.00 rupees a share after saying it would raise 39.83 billion rupees ($299.14 ...

Britain's FTSE drops on Syria concerns, energy stocks buck trend LONDON: Britain's top share index fell on Wednesday in a broad-based sell-off, pressured by uncertainty ahead of possible military action against Syria, but with energy stocks supporting the market after an oil price spike.The FTSE 100 was down 26.46 points, or 0.4 percent, at 6,414.51 points by 1048 GMT, as the United States and its allies appeared to be gearing up for a strike against Syria, fuelling concerns about Middle Eastern crude supply and pushing ...

Indian shares recover from 3pc loss; LIC buys shares MUMBAI: Indian shares ended flat on Wednesday, recovering from a nearly 3 percent fall earlier in the session, led by gains in software services exporters such as Tata Consultancy Services, while banks recovered on value buying.Life Insurance Corporation was also spotted buying shares, two dealers told Reuters, helping spark a recovery in shares. India's state-run insurer is often seen as a buyer that will step in to buy shares when markets are tumbling.The rupee slumped ...

FTSE hit by Syria concerns, energy stocks gain LONDON: The prospect of military action against Syria pressured Britain's top share index on Wednesday in a broad-based sell-off, but it also drove the price of oil higher which had a positive knock-on effect on energy stocks.The FTSE 100 was down 26.43 points, or 0.4 percent, at 6,414.54 points by 0734 GMT. The index has fallen some 3 percent since mid-August, hit by concerns over a reduction in US stimulus and the threat of a ...

Seoul shares recover to end flat on foreign inflows, automakers' rally SEOUL: Seoul shares rebounded to end flat in light trading on Wednesday, as continued foreign inflows and a rally by automakers offset jitters over a possible US-led military strike against Syria.The Korea Composite Stock Price Index (KOSPI) ended 0.1 percent lower to 1,884.52 points. At the day's lowest point, the index was down 1.3 percent, at 1,861.56.Foreign investors were net buyers of 124.8 billion won($111.80 million) of local shares, extending their buying streak to four ...

Tokyo stocks close down 1.51pc TOKYO: Tokyo stocks lost 1.51 percent Wednesday with risk aversion growing as US forces readied for possible military action against Syria.The key Nikkei 225 index closed 203.91 points lower at 13,338.46 while the Topix index of all first-section issues fell 1.76 percent, or 19.99 points, to 1,114.03.Copyright AFP (Agence France-Presse), 2013


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln