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10-year yield seen between 8.15-8.20%: Bagla
Bonds are currently under-owned due to high inflation and imminent rate hike fears. All eyes would be on the buyback announced by the RBI. Liquidity too has been improving over the last few days. The 10-year yield is seen between 8.15-8.20%, says Sandeep Bagla, ICICI Securities Primary Dealership.
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Ganeshaspeaks: Market prediction for Jan 11
Today Moon is in the Uttara bhadrapada nakshatra of the Rashi Meen.
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FIIs net buy Rs 2085 cr in Index Options on Mon
FIIs were net buyers of Rs 2,085 crore in Index Options, which OI was up by 163594 contracts. Stock Futures shed 1.25 crore shares in OI.
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F&O cues: Total Nifty futures down Rs 1500 cr
F&O cues: Total Nifty futures down Rs 1500 crore, Options up Rs 7266 crore.
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FIIs net sell Rs 1,139 cr in equities on Mon (prov)
FIIs were net sellers of Rs 525 crore in Index Futures while FIIs were net buyers of Rs 2,085 crore in Index Options and buyers of Rs 462 crore in Stock Futures.
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Market cues: FIIs net sell $212.6 mn
Market cues: FIIs net sell USD 212.6 million in the cash market on Jan 07.
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Rupee likely to remain rangebound: Nanivadekar
The rupee is likely to be rangebound on mixed overseas cues. Investors are also going to watch out for fund flows in local equity market. The range for the day is seen between 45.35- 45.60/$, says Vikram Nanivadekar, Verity Analytics.
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CRB Index gains 1% led by crude, soft commodities
Portugal debt concerns aided precious metals. Physical demand from India supported gold prices. Copper continued to decline.
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Crude advances; trading at $ 89.32/bbl
In the commodities, crude prices rose above the USD 89 mark after a weekend leak shut the trans Alaska pipeline and forced producers to cut output to about 5% of their daily average of 630,000 barrels. It is trading at USD 89.32 per barrel.
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Indian ADRs: Tata Motors, HDFC Bank, Wipro down
Indian ADRs ended mostly in red on Monday. In Banking space, HDFC Bank was down 3.64% at $ 147.65 and ICICI Bank was down 2.34% at $ 44.72. In Telecom space, Tata Communication was down 0.27% at $ 11.17 while MTNL was unchanged at $ 2.41.
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Asian mkts trading mixed; Hang Seng up, Nikkei down
At 7: 50 am (IST), Asian markets were trading mixed. China's Shanghai Composite shed 0.37% or 10.47 points at 2,781.91. Hong Kong's Hang Seng was up 0.10% or 24.38 points at 23,551.64. Japan's Nikkei fell 0.23% or 24.07 points at 10,516.97. Taiwan's Taiwan Weighted added 0.77% or 67.48 points at 8,885.36.
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US markets end mixed; crude jumps above $ 89 mark
US markets ended mixed but off the lows amid renewed worries about the european debt situation. In the commodities, crude prices rose above the USD 89 mark after a weekend leak shut the trans Alaska pipeline and forced producers to cut output to about 5% of their daily average of 630,000 barrels.
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US mkts recover from day's low to end flat
The Dow Jones Industrial Average ended down 37 points at 11637, after seeing recovery of 64 points from day's low of 11,573.
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Govt may miss divestment target, say marketmen
The Government may be confident about achieving its divestment target of Rs 40,000 crore for this fiscal, but marketmen say unstable market conditions can be a spoilsport.
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NAVs decline sharply as markets crash
Equity diversified NAVs decline sharply with advance:decline ratio of 0:254 as the Equity benchmarks saw a free-fall on Monday and kicked off the second week of 2011 on a bearish note, dragged down by sectors like capital goods, oil & gas, financial, metal and realty.
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MIT rolls out amazing artifacts for 150th birthday
A letter following a chance meeting with Albert Einstein and 1930s research on the perfect cup of coffee are two artifacts in an exhibit to mark the 150th anniversary of the Massachusetts Institute of Technology.
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EU shoemakers drop call to extend Asia shoe tariffs
EU shoemakers drop call to extend Asia shoe tariffs
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Govt drops 60% import tax on sugar
India has dropped a 60% import tax on sugar, a government statement said, reversing the rule that was slapped from January 1.
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Ford sees pickups as harbinger for 2011 sales
A top Ford Motor Co executive said on Monday that the strength of pickup truck sales in the first quarter will be a key early signal for the overall 2011 US auto market.
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Rising food prices fuelling inflation: JP Morgan
Rising food prices are stoking global inflation with many agricultural commodity markets on the rise, driven by adverse weather in key producing countries, a senior trader at JP Morgan said on Monday.
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Is Pakistan's government secure after concessions?
After luring a key estranged ally back in the ruling coalition, Pakistan's prime minister accepted demands on Sunday from the country's main opposition party, defusing a political crisis that brought his government almost to the brink.
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Littlewood trio plead guilty to UK insider dealing
A former Dresdner banker, his Asian wife and a Singaporean man have pleaded guilty to eight counts of insider dealing in Britain, allowing the UK regulator to claim its latest victory in a crackdown on market abuse.
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Poor countries need better market access: Report
Increased trade is one of the best ways to fight poverty, so rich countries should do more to open their markets to goods from developing countries, a report issued on Monday said.
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How to get your idea approved: Management tip of the day
Don't assume that others will share your enthusiasm for a great new idea, but instead plan on ways to give your proposal a fighting chance of getting backing, says Harvard Business Review.
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US court won't review music download antitrust case
The US Supreme Court on Monday declined to review a ruling that reinstated an antitrust lawsuit alleging major record labels conspired to fix prices and terms under which music would be sold over the Internet.
