Market watch: Cues that will impact Indian market today

The US markets clawed back from their worst levels but still ended in negative territory Tuesday following the latest FED meeting minutes that showed policymakers toned down the likelihood for further quantitative easing.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Markets » Market Edge

Apr 04, 2012, 09.08 AM | Source: Moneycontrol.com

Market watch: Cues that will impact Indian market today

The US markets clawed back from their worst levels but still ended in negative territory Tuesday following the latest FED meeting minutes that showed policymakers toned down the likelihood for further quantitative easing.

Like this story, share it with millions of investors on M3

Market watch: Cues that will impact Indian market today

The US markets clawed back from their worst levels but still ended in negative territory Tuesday following the latest FED meeting minutes that showed policymakers toned down the likelihood for further quantitative easing.

Post Your Comments

Share Cancel

Moneycontrol Bureau

The US markets clawed back from their worst levels but still ended in negative territory Tuesday following the latest FED meeting minutes that showed policymakers toned down the likelihood for further quantitative easing.

However, the major averages remain above the key psychological thresholds, although the session did see the Dow snap its three day winning streak.

US economic data:

Factory orders rebounded 1.3% in February. Still, the reading was below the 1.5% gain expected by economists.

Data to watch out for:

ADP employment report may show that private payroll employment fell to 208,000 in March. And ISM-non manufacturing index is expected to come in at 57.

European market:

European markets closed lower, a day after recording their biggest daily gain in three weeks, with the Spanish market hit by concerns over its ability to tackle its deficit.

Spain's public debt will reach 79.8% of GDP in 2012, well above the European Union's recommended 60% ceiling. A rise in the number of registered jobless figures in Spain also added to the worries on the outlook for the economy.

Asian market:

In Asia, markets in China, Hong Kong and Taiwan shut today.

Indian market:

The Sensex gained momentum for the third consecutive session on Tuesday, led by banks, on speculation that the Reserve Bank of India may cut rates in credit policy that schedule to be announced on April 17. Even oil & gas and metals stocks added more gains.

The BSE benchmark rose 119.27 points or 0.68%, to close at 17,597.42. Meanwhile, the NSE benchmark was up 40.60 points at 5,358.50.

Stocks in news:

Power companies have reasons to cheer as a presidential directive from the Government of India has ordered Coal India to sign fuel supply pacts with power producers at the 80% trigger level.

UK based The Children's Investment Fund is not willing to back down from its international arbitration proceeding against the government of India despite the FSA setback.

DGCA is still working on final KFA report. DGCA is giving daily updates to Aviation Ministry on KFA.

Cairn India has notified second discovery in KG-ONN in KG basin.

BHEL has withdrawn follow-on offer due to volatile market.

Vini Amesar.
vini.amesar@network18online.com

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Market watch: Cues that will impact Indian market today

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login