10-year yield seen between 8- 8.10%: Ramanathan K
The bond market may continue to be weak on the fresh issue of 7.80% 2020 paper. The buyback announcement of illiquid securities would also have a negative impact on sentiment. The 10-year yield is seen between 8- 8.10%, says Ramanathan K, ING Invst Mgmt.
US court tosses ABC indecency fine over NYPD Blue
US court tosses ABC indecency fine over NYPD Blue
US retail sales: will upswing boost earnings?
Investors who watched US retailers have their best holiday sales season in three years hope for one more gift when top retailers report December sales this week: upgraded forecasts for earnings.
SUVs from Ford, GM lose key consumer reports rating
Ford Motor Co midsized SUVs Ford Edge and Lincoln MKX have lost a "recommended" rating from Consumer Reports, in part because of a complex audio and interior controls system, the influential magazine said on Tuesday.
GM US Dec sales up, industry on upswing into 2011
General Motors Co posted a 7.5% rise in December US auto sales and said it expects the industry to report sales at a 13 million-vehicle annualized rate for last month -- far higher than many forecasts and what would be the highest rate of 2010.
New Millennium extends iron ore agreement with Tata Steel
New Millennium Capital Corp said it extended the exclusivity agreement with Tata Steel for the development of its iron ore projects in Quebec by two months, sending its shares up more than 14%.
US factory orders rebound, brighten growth view
New orders received by US factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, providing more signs the economic recovery was on sustainable path.
'Social Network' among Hollywood producers nominees
The Producers Guild of America on Tuesday unveiled nominees for their film and television awards with 'The Social Network' and 'The King's Speech' among nominees for best-produced movie.
Greece not discussing debt restructuring
Greece will weather its debt crisis, helped by seven billion euros from privatisations, and is not discussing debt restructuring with creditors, Finance Minister George Papaconstantinou told Reuters on Tuesday.
Management tip of the day: Show people your good work
Don't hide your light under a bushel. It benefits you to build a strong reputation early on in a new job by making sure people know about your good work, says Harvard Business Review.
US stresses need to reduce China trade imbalance
President Barack Obama's national security adviser pressed for efforts to reduce US-China trade imbalances and also discussed ways to rein in North Korea in talks on Tuesday with China's foreign minister.
China central bank sees 2010 GDP growth at around 10%
China's central bank chief Zhou Xiaochuan said the Chinese economy likely grew around 10% in 2010.
Rupee continue to remain weak: N Subramaniam
The rupee may continue to weaken after yesterday's fall. The dollar's strength globally and sell-off in commodities may impact the currency. The range for the day is seen between 44.90-45.30/$, says N Subramaniam, Pinnacle Forex.
Major resistance for Nifty at 6332: CLSA
The Nifty managed to consolidate above our preferred downside target area around 5,500 and has managed to move back above the 50-day moving average which has capped price action since mid-November, says Laurence Balanco of CLSA.
Mkt looks expensive vs major regional peers: Nomura
Valuations lack earnings support and face headwinds from expected slowdown in growth momentum in the near-term, says Prabhat Awasthi of Nomura Fin Advisories & Sec India.
F&O cues: Total Nifty futures up Rs 752 cr
F&O cues: Total Nifty futures up Rs 752 crore and Options up Rs 3376 crore.
Market cues: FIIs net buy $95.7 million
Market cues: FIIs net buy USD 95.7 million in the cash market on January 03.
Highest OI outstanding witnesses at 6000 Put, 6300 Call
Nifty Open Interest PCR was down at 1.37 versus 1.41. Highest OI outstanding was seen at 6000 Put and 6300 Call.
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.
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.
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.
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.
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.
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.
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
