US short-term interest rate futures traders pared bets that the Federal Reserve will start raising rates this year after the central bank left rates near zero and reiterated its promise to keep them there for an extended period.
The US Federal Reserve gave the US economy a lukewarm assessment after its two-day policy meeting, keeping rates near zero and leaving intact plans to purchase USD 600 billion in longer-term Treasury bonds through June to support the recovery.
President Barack Obama's new plan to double US clean power output could provide the kind of compromise needed to pass a divided Congress because it offers benefits to lawmakers who want to cut planet-warming emissions and those who want more jobs in energy-rich states.
Billionaire investor George Soros said on Wednesday European governments will have to cut services to bring down deficits, but the crisis has calmed.
Up to 10 companies in the hot "clean tech" sector will go public in multibillion dollar offerings this year and as many will be acquired in equally significant deals, VantagePoint Venture Partners Chief Executive Alan Salzman told Reuters.
Global business leaders pinned their hopes on roaring growth in emerging markets at the start of the annual Davos forum on Wednesday but rising inflation and political risks cast a long shadow.
Skype Ltd will hold off on an initial public offering until the second half of the year, the Wall Street Journal reported on Wednesday.
US Treasury Secretary Timothy Geithner will hold a bilateral meeting in Davos, Switzerland, with European Central Bank President Jean-Claude Trichet this week, the Treasury said on Wednesday.
For the Michael Jackson collector with superhuman strength: a 375-pound (170 kg) slab of concrete featuring the pop star's hand and foot impressions along with his signature will go on the block in Los Angeles next month, its auctioneer said.
World stocks and crude oil gained on Wednesday, shrugging off a lukewarm outlook from the Federal Reserve, as investors latched onto the growth prospects of US President Barack Obama's pledge to trim spending.
Spanish film star Penelope Cruz has given birth to a baby boy after marrying Oscar-winning actor Javier Bardem last summer, Cruz's spokeswoman said on Wednesday.
Factbox on former world number one Justine Henin who announced her retirement for a second time on Wednesday.
Here's one key practice that separates individual investors from the professionals: The pros get report cards.
Britain should consider breaking up bailed out lenders Royal Bank of Scotland and Lloyds to boost competition, according to a banker who drove the build-up of RBS.
Solving the euro zone debt crisis is a work in progress, European Central Bank President Jean-Claude Trichet said on Wednesday.
TIL | Hindustan Motors | FDC | Dena Bank | GVK Power | Adani Enterprises | Cairn | HDFC Bank | Lupin | Sterlite and Ranbaxy are stocks, which are in the news today.
Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
The support for the Nifty is at 5625 and resistance at 5800.
The coming session is likely to witness a range of 5760 on advances. Support is likely at the 5600. The wide range is due to the large base effect of Tuesdays range.
I expect bonds to rally. The dovish pace of rate hikes compared to the hawkish stance of the monetary policy document would be positive for the market. The 10-year yield is seen between 8.05-8.15%, says Ramanathan K, ING Investment Mgmt.
The rupee is expected to gain marginally as the dollar continued its slide against the major currencies. The anticipated recovery in the equity market may lend support to the rupee. The range for the day is seen between 45.60-45.75/$, says Ssharad D Pawaar, CEO, SPFX India.
F&O cues: Total Nifty futures up Rs 69 crore, Options up Rs 1271 crore.
Nifty rollover was at 45% as against 48% on D-1 of January expiry. Highest rollover was seen in media, cement & infrastructure while lowest rollover in banking, information technolovgy & fertilizers.
Market cues: FIIs net buy USD 42.7 million in the cash market on Jan 24.
At 7: 54 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.52% or 14.06 points at 2,694.75. Hong Kong's Hang Seng was down 0.14% or 34.21 points at 23,809.03. Japan's Nikkei was up 0.26% or 27.52 points at 10,429.42. Taiwan's Taiwan Weighted added 0.55% or 49.82 poinst at 9,105.41.