10-year bond likely to trade around 8.15%: Sridhar
Markets have remained dull and we expect them to continue to remain dull. However, the LAF numbers released yesterday have shown some improvement in the liquidity situation overall which could bring in some buying interest. The 10-year bond is likely to trade around 8.15%, says RVS Sridhar, Axis Bank.
FIIs net buy Rs 963 cr in Index Futures on Feb 02
Stock Futures shed 72 lakh shares in OI. Nifty 5500 Call added 6.5 lakh shares in OI while Nifty March 4800 Put added 4.2 lakh shares in OI.
F&O cues: Total Nifty futures down Rs 104 cr
F&O cues: Total Nifty futures down Rs 104 crore and Options up Rs 2316 crore.
Rupee may appreciate: Ssharad D Pawaar
The rupee may appreciate as the dollar continued to weaken against major currencies. A recovery in the domestic equity markets may support the rupee further. Range for the day is seen between 45.50-45.65, says Ssharad D Pawaar, SPFX India.
Market cues: FIIs net sell $92.9 mn
Market cues: FIIs net sell USD 92.9 million in the cash market on Feb 01.
Indian ADRs: HDFC Bank, ICICI Bank, Tata Motors down
Indian ADRs ended mixed with negative bias on Wednesday. In IT space, Infosys was down 1.06% at $ 68.02, Wipro was up 0.23% at $ 13.3 and Patni Computers was down 1.9% at $ 19.99.
Surging inflation continues to be key concern: JPMorgan
MSCI India lost a significant 11% over the month and underperformed the MSCI Emerging markets index led by FII selling on the back of increased policy risks and political uncertainty, says Bharat Iyer of JPMorgan.
Markets may see volatility today: An analysis
There was no major sell-off by FIIs yesterday. FIIs were net sellers of Rs 82 crore while DIIs were net buyers of Rs 680 crore in cash markets on Wednesday, as per provisional data available on NSE.
Crude gains despite a rise in US crude stockpiles
Oil prices rise despite a rise in US crude stockpiles settling around the USD 91 per barrel mark on persisting concerns that the Egypt upheaval may spread across other Middle Eastern countries.
US mkts end flat amid listless day of trade
The Dow Jones Industrial Average ended up 2 points at 12,042. The Nasdaq Composite was down 1.5 points at 2,750 and S&P 500 Index was down 3.5 points at 1,304.
US markets end mixed despite good job report
In the US markets, stocks ended narrowly mixed with the major indices ending above key thresholds as sentiments continued to remain negative amid the political unrest in Egypt despite good job news. However, the markets took a breather from yesterday's multi-year highs.
Voltas Q3 net profit down 6.8% at Rs 70.5 cr
Tata group firm Voltas has reported consolidated net profit of Rs 70.5 crore for the quarter ended December 2010, down 6.8% as compared to Rs 75.7 crore in same period the previous year.
Wockhardt Q3 cons net profit at Rs 142 cr
Indian drum maker Wockhardt has reported consolidated net profit of Rs 142 crore for the quarter ended December 2010 as against loss of Rs 181 crore in same period the previous year.
Great Offshore Q3 PAT down 96.4% at Rs 1.8 cr
Offshore oilfield services provider Great Offshore has reported profit after tax of Rs 1.8 crore for the quarter ended December 2010, down 96.4% as compared to Rs 49.5 crore in same period the previous year.
Nahar Industrial Q3 PAT up 2.2 times at Rs 21.5 cr
Textile manufacturer Nahar Industrial Enterprises has reported profit after tax of Rs 21.5 crore for the quarter ended December 2010, up 2.2 times as compared to Rs 6.7 crore in same quarter the previous year.
Bigger OPEC hike seen due Mideast tensions: BP
Oil exporter group OPEC is likely to increase output by "more rather than less" in response to tensions in the Middle East, the chief economist of oil major BP told Reuters Insider Television on Wednesday.
SEBI bars 39 entities from accessing securities market
Market regulator SEBI today barred 39 entities from accessing securities markets for allegedly creating artificial volumes and price rise in certain scrips.
NAVs end higher as markets gain
Equity diversified NAVs ended higher with advance:decline ratio of 204:45 as the Indian equity benchmarks snapped five days losing streak and closed the session with modest gains on Wednesday.
UTI Banking Sector Fund declares dividend
UTI Banking Sector Fund has announced a dividend, for which the record date is on February 3, 2011.
Birla Sun Life MF declares dividend under its 3 Funds
Birla Sun Life Mutual Fund has announced dividends in Birla Sun Life Frontline Equity Fund – Plan A, Birla Sun Life Advantage Fund and Birla Sun Life Basic Industries Fund, for which the record date is February 4, 2011.
AP govt creates biggest govt-run credit bureau online
The Andhra Pradesh has created biggest government-run credit bureau online, reports CNBC-TV18. The state government has put data of 85 lakh MFI customers on the site.
High crude prices to adversely impact oil cos: Oil Secy
Oil Secretary S Sundareshan has said that high crude prices will adversely impact oil companies, reports CNBC-TV18 quoting NewsWire18.
UK to impose new curbs on non-EU students
Britain is likely to impose new restrictions before granting visas to students from India and other non-EU countries as part of the Prime Minister David Cameron government''s promise to reduce immigration and curb visa abuse.
Apple to start Verizon iPhone sales Feb 9
Apple Inc said on Wednesday that it would kick off online sales of the Verizon Wireless iPhone on February 9, a day before the device hits its store shelves.
