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Crude slips 2.5% to USD 89/bbl on Tue
Crude lost 2.5% and was down to USD 89/barrel. Crude fell despite bullish inventory data. It is currently trading at USD 89 a barrel.
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Indian ADRs: ICICI Bank down 5.4%, HDFC Bank slips
Indian ADRs ended mostly in red on Tuesday. In Telecom space, Tata Communication was down 2.09% at $ 11.73 and MTNL was down 1.89% at $ 2.6. In Banking space, HDFC Bank was down 2.91% at $ 164.57 and ICICI Bank was down 5.46% at $ 48.31.
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FIIs net buy Rs 718 cr in equities on Tue (prov)
FIIs were net buyers of Rs 109 crore in Index Futures and net buyers of Rs 132 crore in Index Options on Tuesday. However, FIIs were net sellers of Rs 487 crore in Stock Futures.
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Crude tumbles 2.4% to $89.38/barrel
In the commodity space- oil prices tumbled 2.4% to USD 89.38 per barrel, as profit taking took its toll. Crude notched a session lows at USD 88.36, its worst levels in 2 weeks. It is trading at USD 89.03 per barrel.
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Asian mkts trading lower; Shanghai Composite, Nikkei down
At 7: 42 am (IST), Asian markets were trading lower. China's Shanghai Composite was down 0.67% or 19.20 points at 2,833.45. Hong Kong's Hang Seng was flat at 23,650.18. Japan's Nikkei was down 0.11% or 11.40 points at 10,386.70. Singapore's Straits Times shed 0.18% or 5.75 points at 3,244.54.
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Wall Street ends mixed despite positive economic data
US markets ended mixed despite positive economic news. The Dow however closed at highest levels since August 28, 2008.
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HPCL looks positive: Astromoneyguru
As per Lt Col Ajay Jain of www.astromoneyguru.com, January 05, 2011 is represented by planet Mercury and year 2011 represented by Rahu
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US mkts end flat as no major cues from FOMC minutes
The Dow Jones Industrial Average ended up 21 points at 11691; the Nasdaq Composite was down 10 points at 2681 and S&P 500 down 2 points at 1270.
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Studying income tax tribunal order in Bofors scandal: FM
The government is examining income tax tribunal order papers on the Bofors issue, Finance Minister Pranab Mukherjee said on Tuesday, referring to one of the country's biggest corruption scandals from the 1980s.
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Reliance Media open offer to Fame India shareholders
Reliance Media open offer to the shareholders of Fame India. The Offer Size of 2,17,00,000 equity shares.
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Suzlon Energy clarifies on stake sale news
Suzlon Energy has clarified on news
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Buy Transformers; target of Rs 620: KRChoksey
KRChoksey is bullish on Transformers & Rectifiers India (TRIL) and has recommended buy rating on the stock with a target of Rs 620 in its January 4, 2011 research report.
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Cellist Lloyd Webber to be father again at 60
British cellist Julian Lloyd Webber will become a father for the second time later this year at the age of 60, his publicist said on Tuesday.
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Hard-working Nicolas Cage stars in Crusade thriller
Nicolas Cage is working hard because he has to, but his latest turn as a mediaeval knight in "Season of the Witch" is about more than just paying the bills -- it is a welcome throwback to his childhood.
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Firefox takes top browser spot in Europe - StatCounter
Mozilla's Firefox browser has overtaken Microsoft's Internet Explorer as the leader in Europe, the first time Microsoft's browser has lost its top spot in a major market, a web analytics firm StatCounter said.
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Cambridge Technology Enterprises approves allotment of 38 lac equity shares
Cambridge Technology Enterprises at its meeting held on January 04, 2011 has approved allotment of 3,806,600 equity shares.
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Kotak Mahindra Bank revises base rate
Kotak Mahindra Bank has revised base rate.
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Jindal Saw execute mining lease agreement for Iron Ore Mines
Jindal Saw has executed mining lease agreement for Iron Ore Mines in the State of Rajasthan.
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Chemcel Bio-Tech to consider further issue of shares
Chemcel Bio-Tech has its Board of Directors meeting on January 08, 2011 to consider further issue of shares.
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Uttam Sugar Mills allots 5 lac preference share
Uttam Sugar Mills has allotted 5 lacs 6.5% Redeemable Cumulative preference shares of Rs 100 each for cash at par.
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L&T bags Rs 1103 crore orders in railway sector
The Railway Business Unit of Larsen & Toubro has secured a slew of orders aggregating Rs 1103 crore from various power plant developers for the construction of ‘Merry-Go-Round’ Systems and construction of dedicated railway lines to link power plant sites to the main line rail network.
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Ferrari to launch 2011 F1 car at end of month
Ferrari's 2011 Formula One car will be unveiled at the end of January after passing a series of mandatory crash tests last month, the Italian team said.
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Iran offers oil supply plan for Jan: India govt source
Iran has ensured smooth oil supplies to India for the month of January by offering a temporary oil payment mechanism, an Indian government source told reporters on Tuesday.
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Tendulkar stands firm as India reduce deficit
Sachin Tendulkar stood between South Africa and a healthy first innings lead as he took India to 237 for four at lunch on the third day of the third and deciding test at Newlands on Tuesday.
