Aditya Narain of Citigroup said their year-end target for the Sensex stood at 20,800. "We believe a rate-cyclical biased portfolio will drive outperformance."
Indian ADRs ended lower on Thursday. In the IT space, Infosys was down 1.3% at USD 52.2 and Wipro was down 0.96% at USD 9.33.
After a gap of almost 7 years since the IPO of Usher Agro came out with a 'safety net' in 2006, another company Sai Silks Kalamandir launched its Rs 89 crore IPO with the same feature on Thursday.
Asian shares edged up on Friday after China's trade data for January handily beat forecasts to underscore a recovery trend, but prices were capped by investors seeking to book profits before next week's Chinese new year holidays.
Deutsche Bank downgraded India's ACC Ltd to "hold" from "buy", saying October-December earnings had come below its forecast and noting lower demand and prices for cement are casting doubts about the health of the industry.
According to a report by Sharekhan, the Indian equities may begin last trading session of the week on a negative note tracking weak global cues. SGX Nifty is also trading 4.00 points higher.
Bonds are likely to trend higher in the near-term due to improving sentiment after the advance estimate of GDP and prospects of fiscal deficit achievement through expenditure control, says Dhawal Dalal, DSP Blackrock Invst Managers.
With no immediate inflows lined up today and on the back of a stronger dollar, the rupee is likely to be under pressure, says Ashish Vaidya, UBS.
On February 07, 2013 HDFC Trustee Co Ltd A/C HDFC Midcap Opp Fund sold 831,188 shares at Rs 63.
On February 07, 2013 HDFC Mutual Fund bought 365,000 shares of Greenply Industries at Rs 408. In the previous trading session, the share closed at Rs 408.05, down Rs 1.90, or 0.46%.
The Nifty is drifting lower as expected; however this drifting is difficult to trade. The next area of crucial supports are 5900 and 5850 - 5840 zones, says Technical Analyst, Mohit Gaba.
DELL-SHAREHOLDER-BUYOUT-SOUTHEASTERN:EXCLUSIVE-Dell shareholder Southeastern unhappy with buyout
GOLF-PGA-HUNTER-MAHAN:Mahan and Knox share Pebble Beach lead
PEOPLE-SWATTING-ASHTON-KUTCHER:Calif. boy to be arraigned in 'swatting' prank on actor Kutcher
Pfizer | Hathway Cable | GE Shipping | MRF | NDTV | Bombay Dyeing | Shasun Pharma | Subex | Anant Raj Industries | Aurobindo Pharma | Ambuja Cements | NTPC | Glenmark | Arvind and Indiabulls Financial are stocks, which are in the news today.
Hedge-fund star manager David Einhorn was arguably Apple Inc's biggest cheerleader on Wall Street with a stake worth about USD 600 million and an oft-cited prediction that the company's market value would hit USD 1 trillion some day.
Asian shares were capped on Friday after European Central Bank President Mario Draghi noted risks still facing the euro zone economy, turning investor sentiment more cautious ahead of Chinese trade data for January due out during the session.
A CNBC-TV18 poll sees M&M posting 30% revenue growth backed by a steady 11% growth in volumes. The company is expected to post higher realisations due to sequential improvement in product mix.
The United States and Britain will by mid-year levy more fines against those alleged to have been involved in interest rate rigging, with broker ICAP and US bank Citigroup among names in the spotlight, sources close to the probe said.
The US stocks finished well off their earlier lows in volatile trading as techs recovered, but brewing worries over Europe kept a damper on gains. The CBOE volatility index rose to close above 13.
Gold fell further on Friday as the euro weakened on renewed concerns over the health of the euro zone economy, while investors eyed China trade data for more trading cues.
F&O cues: Total Puts added 35.8 lakh shares in Open Interest and Total Calls added 25.7 lakh shares in Open Interest.
The US Federal Reserve said on Thursday it was still working to determine the extent its computer systems had been breached by hackers, adding that the incident was the subject of a criminal probe by the Federal Bureau of Investigation.
USA-MEXICO-SHOOTING:Mexican teen shot 7 times in clash with U.S. border police - autopsy
US agencies cleared Boeing Co to restart test flights of its grounded 787 Dreamliner in order to get more data on potentially faulty batteries, but they also demanded a closer look at how the batteries were approved, which may delay resuming delivery of Boeing's newest aircraft.