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January 04, 2011 07:53 AM IST The markets are in a good grove and sentiment is bullish. Analysts believe Nifty will grind to a new high this year.
January 04, 2011 07:51 AM IST In commodities - oil prices rose to a 27-month peak as upbeat European and US manufacturing data and forecasts for cold weather reinforced optimism about economic and energy demand growth. Currently it is trading at USD 91.47 per barrel.
January 04, 2011 07:47 AM IST At 7: 43 am (IST), Asian markets were trading higher. China's Shanghai Composite was up 0.15% or 4.13 points at 2,812.21. Hong Kong's Hang Seng was up 0.18% or 41.26 points at 23,477.31. Japan's Nikkei added 1.49% or 152.65 points at 10,381.57. Singapore's Straits Times gained 0.51% or 16.66 points at 3,252.43.
January 04, 2011 07:43 AM IST In the US markets, stocks ended up nearly a percent or more as investors flocked to stocks, pushing the market to new two-year highs on the first trading day of the year. The S&P 500 closed at its highest levels since September.
January 04, 2011 07:30 AM IST The Dow Jones Industrial Average ended up 93 points at 11671. The Nasdaq Composite was up 39 points at 2691.5 and S&P 500 up 14 points at 1272.
January 03, 2011 09:52 PM IST It started off well and then it just flattened out as a very quiet and stable session of trade.
January 03, 2011 06:19 PM IST In an interview with CNBC-TV18, Raamdeo Agrawal, Director & Co Founder, Motilal Oswal Financial Services, spoke about his reading of the market and his outlook.
January 03, 2011 04:56 PM IST In a chat with CNBC-TV18's Reema Tendulkar and Latha Venkatesh, Vaishali Jajoo of Angel Broking gives her view on the auto sales figures and the ector overall.
January 03, 2011 03:54 PM IST Equity benchmarks began the year 2011 on a positive note on Monday following strong global cues and continued the uptrend for fourth consecutive session.
January 03, 2011 03:48 PM IST As the steel prices and competing products are shooting up, Suresh Thawani, Managing Director of Tata Sponge, in an exclusive interview with CNBC-TV18, says that the prices of sponge iron float with the market and hence, also expects the prices keep on going up.
January 03, 2011 02:59 PM IST In a chat with CNBC-TV18's Reema Tendulkar and Gautam Broker, SP Tulsian gives his fundamental view while Mitesh Thacker gives his technical view on various stocks/sectors.
January 03, 2011 02:39 PM IST At 14:34 hours IST - the benchmark Sensex was trying to hold 100 points gains on the back of consistent buying in metal, financial, realty, Anil Dhirubhai Ambani Group (ADAG), capital goods, healthcare and auto companies' shares.
January 03, 2011 02:31 PM IST India gold prices were a tad higher on Monday afternoon, and traders were unwilling to place new deals as wedding season is nearing an end in the world's largest consumer of the yellow metal, dealers said.
January 03, 2011 02:15 PM IST Daryl Guppy, Founder and Director of Guppytraders.com, in an exclusive interview to CNBC-TV18 has a bullish view on the Nifty. “As long as we stay at the moment above 5,900, the net allows that up sloping triangle pattern to develop which gives us an initial target around 6,800."
January 03, 2011 01:21 PM IST Madhabi Puri Buch of ICICI Securities has a Sensex target of 23,000-23,700. "We believe companies are going to post better-than-expected earnings," she said adding, "The market will be primarily driven by earnings growth rather than multiple expansions."
January 03, 2011 01:11 PM IST At 13.10 hrs IST, the Nifty was trading above 6150 mark with positive bias. It was a strong session for the markets led by heavy buying in metal, realty, telecom and banking stocks. All BSE sectoral indices were trading in green. The action was mainly seen in the broader markets. BSE Midcap and Smallcap indices were up 1.2% and 1.7% respectively.
January 03, 2011 01:04 PM IST In an exclusive interview with CNBC-TV18, T Gnanasekar of Commtrendz Research & Fund Management says gold will continue to be the safe heaven, apart from only threat in 2011 of the possible recovery in year's economy. “Crude is going to be an outperformer in 2011,” he further added.
January 03, 2011 12:56 PM IST The BSE Sensex was trading up 0.5% on Monday in a firm start to the New Year, powered by automakers that rallied on the back of robust December sales.
January 03, 2011 12:34 PM IST 2010 saw a lot of fund flows into emerging markets, with most markets outperforming. However, Adrian Mowat, Chief Asian and Emerging Equity Strategist at JP Morgan said he expected 2011 to be a choppy year for emerging markets. "Emerging markets may face serious macro economic issues," he said.
January 03, 2011 12:26 PM IST Nearly three years to the day after oil prices first pierced USD 100 a barrel, they are again threatening to break triple digits on a wave of fund-led optimism, but similarities between 2008 and 2011 end there.
January 03, 2011 11:56 AM IST At 11:52 hours IST - equity benchmarks were trading with moderate gains while broader markets were outperforming benchmarks. Metal, auto, Anil Dhirubhai Ambani Group (ADAG), realty, oil & gas, select healthcare and financial companies' shares were helping the markets to maintain positive stance.
January 03, 2011 10:46 AM IST The rupee treaded water on Monday as a broad rise in the dollar against major currencies was offset by gains in shares and other Asian peers.
January 03, 2011 10:46 AM IST The BSE Sensex should open higher on Monday, tracking mostly firm Asian peers, and driven by automobile companies after they reported a rise in December sales.
January 03, 2011 10:42 AM IST At 10:36 hours IST - the benchmark Sensex erased half of its early trade gains due to sell-off in NTPC, Bharti Airtel, L&T, BHEL, Infosys and Wipro.
January 03, 2011 10:34 AM IST As we embark on a new year, there is bitter taste left in mouth markets could not touch all time high in 2010. However, experts feel that 2011 is poised to be a steady year for the markets.
