Fed's Bernanke sees US growing 3-4% in 2011
The US economy should grow around 3% to 4% this year, a healthier clip than 2010, but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday.
Abu Dhabi steps in with $5.2 bn support for Aldar
Abu Dhabi has stepped in with USD 5.2 bn of support for struggling developer Aldar Properties, including buying some of its key assets and subscribing to a bond sale.
Fund Action witnessed in Yes Bank.
Fund Action witnessed in Yes Bank.
Stocks in news: Guj Pipavav, Aegis, Tata Coffee, SAIL
Gujarat Pipavav | Aegis Logistic | Nitesh Estate | Sezal Glass | HDIL | IOC | United Spirits | MRPL | BPCL | Binani Cement | Hindustan Motors | L&T | Jet Airways | Tata Coffee | SAIL and HDFC are stocks, which are in the news today.
10-year yield seen between 8.05- 8.15%: Ananth Narayan
The bond market is positioned light right now. The market also continues to be nervous about inflation. The 10-year yield is seen between 8.05- 8.15%, says Ananth Narayan, Standard Chartered Bank.
Ganeshaspeaks: Market prediction for Jan 14
Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
Rupee to remain weak: Pramit Brahmbhatt
The rupee will be weak today on domestic equity market cues. FII outflow and volatile precious metals are adding to the dollar's strength. The range for the day is seen between 45.25 -45.55/$, says Pramit Brahmbhatt, Alpari India.
F&O cues: Total Nifty futures up Rs 497 cr
F&O cues: Total Nifty futures up Rs 497 crore and Options up Rs 5123 crore.
Nifty 5800 Call adds 19.2 lakh shares in Open Interest
Nifty Open Interest PCR was down to 0.94 from 1.01. Nifty 5800 Call added 19.2 lakh shares in Open Interest while Nifty 5300 Put added 1.6 lakh shares in Open Interest.
Market cues: FIIs net sell $21.7 mn
Market cues: FIIs net sell USD 21.7 million in the cash market on Jan 12.
Crude oil trades at around USD 91/bbl
Crude oil prices were around USD 91/bbl in Asian trade today. Brent Crude however continued to be closer to USD 99/barrel. Differential at USD 7.5/barrel was at multi month highs.
Indian ADRs: Wipro, Tata Comm, ICICI Bank down
Indian ADRs ended mostly in red on Thursday. In Banking space, HDFC Bank was down 0.42% at $ 155.50 and ICICI Bank was down 1.89% at $ 45.66. In Telecom space, Tata Communication was down 2.04% at $ 11.52 while MTNL was up 1.25% at $ 2.43.
Crude declines; trading at $ 91.05/bbl
In commodities, oil slipped as markets weighed disappointing US jobless claims data and the prospect OPEC would raise output should prices break above USD 100 a barrel for an extended period. Currently it is trading at USD 91.05 per barrel.
Asian mkts trading lower; Shanghai Composite, Nikkei down
At 7: 54 am (IST), Asian markets were trading lower. China's Shanghai Composite was down 0.85% or 24.15 points at 2,803.56. Japan's Nikkei was down 0.29% or 30.83 points at 10,558.93. Singapore's Straits Times shed 0.78% or 25.28 poinst at 3,230.59.
Interest rates may be peaking out: Ridham Desai
History suggests that the industrial sector and industrial proxies like the materials sector underperform the market in a rising interest rate scenario and outperform after rates peak, says Ridham Desai of Morgan Stanley.
Wall Street ends lower on disappointing economic data
The US markets ended on modest losses after a choppy session. Disappointing economic news halted the market rally.
Asia vulnerable to continuing inflation scare: Chris Wood
This week's ECB buying of Portuguese govt debt will only delay the day of reckoning, not prevent it, says Chris Wood of CLSA.
US mkts end down on disappointing initial jobless claims
The Nasdaq Composite was down 2 points at 2,735 and S&P 500 Index fell 2.2 points at 1284.
FIIs net sell Rs 250 cr in equities (prov)
FIIs were net sellers of Rs 35 crore in Index Futures while they were net buyers of Rs 154 crore in Index Options and net buyers of Rs 438 crore in Stock Futures.
NAVs end with negative returns
Equity diversified NAVs ended lower with advance:decline ratio of 7:245 as Indian benchmarks were slaughered by a combination of shorts build-up as well as profit booking on Thursday.
How does inflation affect your daily living?
You might be enjoying your cup of tea at a tea stall or you might be having a sumptuous meal in the afternoon! Even here or especially here you will feel the pinch of inflation.
Renault theft allegation kicks off spy inquiry
French carmaker Renault kicked off a judicial investigation into industrial espionage on Thursday, alleging corruption, theft and concealment.
Hearing sheds light on Michael Jackson private life
Michael Jackson may have called the anesthetic propofol his "milk," but rather than give him strength, it left him in such a vulnerable state that his urine was collected through a device for incontinent patients.
OPEC only likely to act if oil rally lasts
OPEC will only hold an emergency meeting if oil climbs above USD 100 and stays there, although the group's Gulf members could informally add supply if needed, a delegate from a Gulf OPEC member state said on Thursday.
SAIL Q3 net slips 34% on high input costs
Steel Authority of India, the country's largest steel producer, on Thursday warned rising raw material prices were taking toll on margins and may force further increases in product prices.
