The market also remained under pressure due to continued correction in
blue-chip stocks across the sectors as well as the net selling recorded by the foreign investors on Thursday.
However, the strength of the UK currency heaped more misery on
blue-chip stocks, with the FTSE 100 Index dropping to its lowest level since April, before closing down 79.
STERLING surged to a fresh one-year high against the US dollar while
blue-chip stocks slumped after the Bank of England hinted that it may hike interest rates in the "coming months".
Summary: Indian shares rebounded on Tuesday from two-month lows hit in the previous session as
blue-chip stocks such as Reliance Industries gained on short-covering ahead of the expiry of June derivative contracts later this week.
The exchange will launch equity options for
blue-chip stocks this year, starting with simulated deals before proceeding to real trading.
In the medium-term, the Dubai market may reach 2,200- 2,400 levels and any profit-taking should be seen as an opportunity to accumulate more
blue-chip stocks," he added.
THE ASEAN Exchanges is embarking on a regional roadshow early next year to promote
blue-chip stocks as a "highly investable" basket of assets for retail investors.
The Nikkei moved at slightly higher levels for most of the day as buying in
blue-chip stocks offset profit-taking.
Chapter 4 discusses six criteria that are used to select the highest quality
blue-chip stocks.
The FTSE Bursa Malaysia KLCI, which tracks the top 30 Malaysian companies on the local stock exchange, has placed more
blue-chip stocks on the radar of foreign institutional investors as well as fund managers since it was implemented a year ago.
Britain's
blue-chip stocks have gained despite turbulence on the financial markets, although the top flight is still 22% lower than at the start of the decade, when the Footsie stood at a record 6930.
Britain's
blue-chip stocks have gained despite ferocious turbulence on the financial markets, although the top flight is still 22% lower than at the start of the decade, when the Footsie stood at a record 6930.