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Headlines
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News:
Vajpayee writes to Bush, assures full cooperation
US Embassy in India converted into virtual fortress
Security further tightened at high-risk targets: Advani
US launches probe into terrorist attacks
UN to withdraw its foreign staff from Afghanistan
BA flights to Islamabad cancelled
LeT denies claims to US terror attacks
No immediate impact on Economy: Sinha; Rupee, stocks crash
Govt says enough oil supplies to meet demand
Gold prices flare up ahead of BOE auction
Rupees opens at new record-low against the US Dollar
Stock markets crash
BSE:Sensex recovers partially at midsession
Asian stocks plunge on panic selling
SEBI decisions on price filters, index based circuit breakers
Mohun Bagan to release all players for SAF camp
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Markets:
Sensex: 3032.71, -117.69
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Forex, Metals and
Weather below
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News
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Vajpayee writes to Bush, assures full cooperation
New Delhi,Wednesday, September 12, 2001: Calling for redoubling of efforts to defeat "great threat" of terrorism, Prime Minister Atal Bihari Vajpayee has written to President George W Bush assuring India's full cooperation in investigations into the devastating terrorist strikes in US.
Condemning the terrorist attacks in New York and Washington in strongest terms, Vajpayee in the letter sent last night said ''the people of India and my Government share the sense off outrage with the American people''.
"We stand ready to cooperate with you in the investigations into this crime and to strengthen our partnership in leading international efforts to ensure that terrorism never succeeds again," Vajpayee said in his first comments on the attacks.
The Prime Minister observed that this dark hour was a stark reminder of the power and reach of the terrorists to destroy innocent lives and challenge the civilised order in this world.
"It sends a strong message to democracies to redouble our efforts to defeat this great threat to our people, our values and our way of life".
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US Embassy in India converted into virtual fortress
New Delhi,Wednesday, September 12, 2001: The US Embassy here has been virtually converted into a fortress with armed commandos positioned at vantage points around it in the wake of terrorist attacks in New York and Washington on Tuesday.
Security has also been beefed up around other American installations in the capital with deployment of additional personnel and intensification of patrolling to thwart any possible terrorist attack, Deputy Commissioner of Police (New Delhi) Mukesh Kumar Meena said.
Senior Delhi Police officials held detailed meeting with US Embassy officials last evening to chalk out security steps.
Additional security personnel have been deployed and patrolling intensified around the missions in the diplomatic enclave in Chanakyapuri, he said.
Special security pickets have also been erected at several places and checking of vehicles intensified.
The US Embassy, which has been closed for public for today, operated with a skeletal staff and helped American citizens get in touch with their relatives and friends back home, the mission officials said.
All American Centres were closed today as was the American school. The school board will review the situation and notify parents accordingly, sources said.
The US consulates in Mumbai, Kolkata and Chennai were also closed for public.
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Security further tightened at high-risk targets: Advani
New Delhi,Wednesday, September 12, 2001: Security has been further tightened at high-risk targets like airports and other vital installations across the country in the wake of meticulously planned terrorist attacks in the US, Home Minister L K Advani said today.
Decisions on enhancing security measures were taken at a meeting of Cabinet Committee on Security chaired by Prime Minister Atal Bihari Vajpayee Tuesday night, Advani said.
Describing terrorism as a crime against humanity, he said the attacks were "not not madness. After great deal of thinking, the terrorists chose the World Trade Centre, the Pentagon and the State Department as targets. Terrorism has been used as a political weapon and the attacks were part of a well planned conspiracy."
Asked how could India assist the US in investigating the strikes, Advani said "We will wait for the steps taken by the US to deal with the unprecedented episode".
The two countries were cooperating in combating the menace through a Indo-US Joint Working Group on terrorism, he said.
Terming cross-border terrorism as the "biggest challenge" for India, Advani hoped that the terrorist attacks in US would help strengthen the resolve of the international community to unitedly face and combat "more effectively" the challenge posed by it.
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US launches probe into terrorist attacks
New York,Wednesday, September 12, 2001: US has launched a massive investigation into the air borne terrorist attacks with a Pakistani family owning airport baggage handling company being among those questioned, even as rescuers struggled to locate survivors from the debris of the World Trade Centre in New York that collapsed after two aircraft hijacked by knife weilding terrorists slammed onto the twin towers.
Investigators have identified five Arabs as suspects after they seized a car laden with Arabic-language flight training manuals in Massachusetts, The Boston Herald reported.
Quoting sources close to investigation, the daily said two of them were brothers holding UAE passports. One of them was a trained pilot.
While the authorities were hesitant to speculate on the casualities, U S media reported that about 10,000 people could have either died or injured in the attacks at the twin towers and the Pentagon in Washington.
Officials indicated that about hundred or more could have perished in the Pentagon attack, while some news reports suggested that the toll could be as high as 800.
Rescue crew ventured to search for survivors in the pile of rubble and twisted steel of the twin towers after the smouldering flames died down.
"At present our emphasis is on saving lives," Mayor of New York Rudy Guiliani said.
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UN to withdraw its foreign staff from Afghanistan
Islamabad,Wednesday, September 12, 2001: Following the series of terrorist attacks in the United States, the United States today said it was temporarily withdrawing its international staff from Afghanistan.
Without referring to the attacks in New York and Washington on Tuesday, the Pakistan-based office of the UN coordinator for Afghanistan said its international staff were "temporarily relocating".
"Due to the circumstances prevailing internationally, the United Nations system in Afghanistan is temporarily relocating international United Nations staff working in Afghanistan," it said in a statement.
"The relocation of up to 80 international staff began on September 12 and is expected to be completed by September 13.
"United Nations humanitarian agencies hope that activities can continue as normal so that critical pre-winter relief work can be completed."
Aid workers also said non-governmental organisations had already started pulling workers out of the Afghan capital on orders from their headquarters abroad.
They said safety concerns were paramount following a helicopter gunship attack by anti-Taliban opposition forces on the Kabul airport early this morning.
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BA flights to Islamabad cancelled
London,Wednesday, September 12, 2001: In the wake of terrorist attacks on importatn places in the US, the British Airways today said that it has cancelled flights to Islamabad owing to the city's proximity to Afghanistan.
It also announced the suspension of flights to Tel Aviv, following Israel's decision to close its airspace. The British carrier has already cancelled flights to North America following Tuesday's shattering airplane strikes on New York and Washington.
Afghanistan has played host to Saudi extremist Osama bin Laden, who was blamed for previous attacks on US embassies in 1998, whereupon the United States launched missile attacks on his base in the country.
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LeT denies claims to US terror attacks
Karachi,Wednesday, September 12, 2001: Pakistan-based militant outfit Lashkar-e-Toiba (Let) today reversed its claim of responsibility for the terrorist attacks in the United States, according to an international news agency.
The hardline LeT earlier said its suicide bombers had hijacked jets which plunged into the World Trade Centre and the Pentagon yesterday, in attacks which it is feared killed thousands.
But Lashkar spokesman Abdullah Muntazir later said he did not know who had claimed responsibility under the outfit's name in a statement sent to news agencies.
"We deny the report and have not issued any such statement," he said.
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No immediate impact on Economy: Sinha; Rupee, stocks crash
New Delhi,Wednesday, September 12, 2001: Stock markets crashed under panic selling in the wake of worst ever terrorist attacks in the US and rupee plunged to an all time low due to renewed dollar demand even as government asserted there would be "no immediate direct impact on the Indian economy."
During the initial part of the trading, Mumbai stock exchange index plunged below the psychological level of 3000 points, a three-year low, forcing market regulator Securities and Exchange Board of India to impose a circuit filter of 10 per cent to prevent a free fall of scrips.
Finance Minister Yashwant Sinha told reporters in Mumbai there was no reason for panic and that unfortunate terrorist attacks "will have no immediate impact on Indian Economy and on the value of the rupee".
Around the same time rupee opened at a new record low of Rs 47.45/49 per dollar due to renewed demand of greenback on
account of devastating events in the US.
Dealers said the Indian currency, under tremendous pressures recently, has come under fresh onslaught.
On the sidelines of a function organised by Indian Banks Association (IBA), Sinha said "We have to keep faith in ourselves. There is no reason for the events to have any impact on the Rupee."
Asked about the impact of shooting oil prices on the economy, which is heavily import-dependent for crude, Sinha said India has long term oil contract and hence he did not expect any effect on oil bill.
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Govt says enough oil supplies to meet demand
New Delhi,Wednesday, September 12, 2001: Government today asserted that there was no cause for 'panic' on account of surge in global crude prices to about 31 dollars a barrel following terrorist strikes in the US and said India had sufficient supplies to meet domestic requirements.
"It (surge in international prices) is a panic reaction. As far as India is concerned, we have comfortable stocks and secured term contracts for supplies for next couple of months," Petroleum Minister Ram Naik said here.
"With sufficient stocks, there is no haste on our part to react. We will prefer to wait for the situation to settle," Naik said adding there will be no immediate proposal to increase prices of controlled petroleum products - petrol, diesel, kerosene and LPG.
Indian Oil Corporation (IOC), the sole canalising agency in India, had firmed up supply contracts for country's crude requirements till November, a senior IOC official said.
"There is no need for panic. Supply contracts for most part of November are in place," the official said.
Naik welcomed the statement of Organisation of Petroleum Exporting Countries (OPEC) that it would maintain supplies at the current level.
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Gold prices flare up ahead of BOE auction
New Delhi,Wednesday, September 12, 2001: Gold prices shot up at the opening on the bullion market today on stockists buying following a steep rise in its prices in the international markets after reports of terrorist attacks in the US.
Gold in Delhi market, notched up Rs.200 at Rs.4650 per ten gram in the first one-hour trading on local buying influenced by a rise of 20 U S dollar in International markets.
A bullion merchant Rakesh Jain said if calculated on dollar conversion, the official price comes to Rs.4725 per ten gram but traders expect it to touch Rs.5000 if today's Bank of England (BOE) gold auction failed to cool down the market.
The yellow metal which was traded around 271 USD an ounce shortly before the terrorist attacks in the US, spurted to be quoted at 291 USD and maintained this level this morning ahead of a scheduled bi-monthly gold auction by the BOE.
Merchants said +a very significant+ gold auction by BOE later this evening would decide the market trend.
They said auction of 20 tonnes of gold was expected go ahead but the volume might be thin as US commoditiy markets were out of commission.
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Rupees opens at new record-low against the US Dollar
Mumbai,Wednesday, September 12, 2001: Rupee opened at a new record-low of Rs 47.45/49 per dollar early today, pulled down by renewed dollar demand, reacting from overnight news of terrorist attack on key US installations.
Nervousness continued to grip the Interbank Foreign Exchange market here this morning as banks and operators rushed to cover dollar positions after the news of terrorist attack on key targets in the United States.
The Rupee was quoted at Rs.47.43/46 in late morning deals, sharply lower from the life-time low close of Rs 47.41/42 logged on Tuesday.
The Rupee, which has been reeling under tremendous pressure recently and tasting record low against the US PTI SF Dollar, came under a fresh onslaught, the dealers said.
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Stock markets crash
New Delhi,Wednesday, September 12, 2001: Stock markets crashed today following yesterday's terrorist attack agianst the US as the Bombay Stock Exchange (BSE) index fell by over 124 points at 3025.75 during early 30-minute trading.
The Delhi Stock Exchange (DSE) index fell by six points in the first 30 minutes of trading.
Panic selling by market participants forced the authorities to reduce the downward price band to ten per cent from 20.
"This means that prices would not fall more than ten per cent from their previous close", a National Stock Exchange broker said adding authorities have taken this step to check free fall of share prices in the aftermath of the US crisis.
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BSE:Sensex recovers partially at midsession
Mumbai,Wednesday, September 12, 2001: After the initial plunge in shares, the sensex that crashed to a near 32-month low at early stages, later recovered partially and stabilised above 3000-mark at the mid-session on the Bombay Stock Market (BSE) today on some buying by domestic funds.
As a direct impact of the deadly terrorist attacks on the US yesterday, the Indian bourses reacted sharply fearing a cascading impact on the Indian economy which is already under pressure due to global gloom.
The main concerns of investors were that a sharp spurt in international crude price will surely affect the oil economy of the country, market sources said.
The BSE Sensitive Index which dropped to near a 32-month low at 2954.35 at early stages, later recovered by about 100 points rising to a high of 3046.22 before being quoted at 2985.46 at 12.30 p.m.
The sensex had dipped to 2942.02 during trading on December 24, 1998.
Brokers attributed the recovery to fairly good purchases by local funds led by the Unit Trust of India besides the decision by the Securities and Exchange Board of India this morning to reduce the circuit filter limit to 10 per cent.
Technology stocks were the prominent losers having been targeted by domestic funds for booking profits.
Though the U.S. dollar tumbled in international markets, the rupee hit a new all-time low opening at Rs 47.45/49 pressured heavily by consistent dollar demand.
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Asian stocks plunge on panic selling
Tokyo,Wednesday, September 12, 2001: Asian stock markets today nosedived on panic selling from the very first minute of trading, touching record lows reacting to the horrific terrorist attacks in the US.
Depicting the bearish trend, the world's second largest economy Japan's Nikkie plunged 5 per cent or 519.24 points at 9,773.71, a 17-year low level and the Seoul market was the worst-hit where the composite index tumbled 11 per cent or 60.15 point to 480.42.
Traders said if the free fall in share values continued, the Nikkie would lose at least 824 points and it's possible as most of the traders were just dumping shares at all declines.
To avoid confusion related to the multiple terrorist onslaught, the Tokyo Stock Exchange halved the day's daily limit on price movements of individual stocks.
Pakistan's stocks were equally weak and opened lower, driving the index down by 2 per cent on fears of possible US retaliatory attacks on targets in neighbouring Afghnaistan, reports Dow Jones from Karachi.
A similiar bearish trend was witnessed on the Hong Kong Stock market which plunged below the key 10,000 market, losing 790 points in just few minutes of early trading.
India's major bourse, Bombay Stock Exchange pierced through the supporting mark of 3000 points and touched 2954.35 losing almost 196 points at the outset.
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SEBI decisions on price filters, index based circuit breakers
Mumbai,Wednesday, September 12, 2001: The Securities and Exchange Board of India today said the marketwide index-based circuit breaker will be kept at the level of 10 per cent of the BSE sensex and NSE's S&P CNX Nifty of the pre-announced index levels.
Stating that further relaxation shall not be permitted, SEBI decided to keep the markets open and said 53 individual securities in the derivative segment on which currently exchanges apply a price filter at 20 per cent level for the purpose of order verification would now be reduced to the level of 10 per cent.
The market watchdog, after an early morning meeting with officials of the BSE and NSE in the aftermath of the terrorist attacks in United States, said in a statement that orders beyond the 10 per cent level would not be accepted or approved by the trading systems of the exchanges.
The regulator said the price bands on other scrips shall remain unchanged and today's decisions would apply till further orders.
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Mohun Bagan to release all players for SAF camp
Kolkata,Tuesday, September 11, 2001: Mohun Bagan Club has decided to release all their selected footballers for the SAF Games camp by tomorrow, ending speculation that the club might hold back some players.
While rival East Bengal released their five probables for the conditioning camp which began in New Delhi on September 9, Mohun Bagan had not given the green signal to their players to proceed to the camp, creating confusion. "We have decided to release all the players for the camp by tomorrow. We have taken a decision today", the club's General Secretary Anjan Mitra told PTI here. Mitra said of the six players selected for the camp, Hussain Mustafi reported sick and might not be in a position to join the camp immediately. "He has intimated us about his illness and may not be in a position to join the camp immediately. We will inform the AIFF accordingly", he said. Striker R C Prakash, Renedy Singh, R P Singh, Rajat Ghosh Dastidar and James Singh were the five other Mohun Bagan players asked to report at the camp for SAF Games to be held in Islamabad from October 6 to 13. Meanwhile Tollygunge Aggragami has written to the AIFF that both their players selected for the camp -- Shashti Duley and Partha Sarathi Dey were overage and were not eligible for the meet. As per SAF Games regulations, a footballer should be under 23 years to be able to take part in the championship.
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Markets
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To get today's complete NIFTY (the NSE index) listing send an e-mail to
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Sensex: 3032.71, -117.69
The sensex closed at 3032.71, down 117.69
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Forex
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1 U.S. $ = 47.39 INR
1 Japanese Yen = 0.40 INR
1 British Pound = 69.54 INR
1 Canadian $ = 30.30 INR
1 Singapore $ = 27.27 INR
1 UAE Dirham = 12.90 INR
1 Saudi Arabian Riyal = 12.63 INR
1 Euro = 42.94 INR
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Metals
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No data |
Weather
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Temperature: 86 F / 30 C
HeatIndex: 92 F / 33 C
Humidity: 62%
Dewpoint: 72 F / 22 C
Wind
West at 9 mph / 14.5 km/h
Pressure: 29.74 in / 1007 hPa
Conditions
Partly Cloudy
Clouds
Scattered Clouds (SCT): 2000 ft / 611 m
Towering Culmulus,FEW: 2500 ft / 764 m
Sunrise : 06:26 AM (IST)
Sunset : 06:44 PM (IST)
Moon Rise : 01:48 AM (IST)
Moon Set : 02:29 PM (IST)
Tonight : Low: 71 F / 22 C Thunderstorm
Thursday : High: 86 F / 30 C Thunderstorm
Thursday Night : Low: 69 F / 21 C Scattered Clouds
Friday : High: 86 F / 30 C Scattered Clouds
Friday Night : Low: 69 F / 21 C Scattered Clouds
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Admin Message
A subscriber to our 'nukkad' mailing list has posted a harrowing, first-hand account of the World Trade Center bombing on Sep 11. You can read his description (warning: some graphic details) at:
http://www.mumbai-central.com/nukkad/sep2001/msg00128.html
Another 'nukkad' subscriber has posted a poem dedicated to the people struggling for survival under the towers. Read it at:
http://www.mumbai-central.com/nukkad/sep2001/msg00134.html
Regards,
Harshal
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