Indian ADRs: HDFC Bank, ICICI Bank, Tata Motors up
Indian ADRs ended mostly in green on Wednesday. In Banking space, HDFC Bank was up 4.41% at $ 155.15 and ICICI Bank was up 3.01% at $ 46.54. In Telecom space, Tata Communication was up 1.29% at $ 11.76 and MTNL was up 1.27% at $ 2.4.
Crude continues to gain; trading at $ 91.95/ bbl
In commodities- crude continued to gain. Production shutdowns, falling US inventories and growing demand sent oil to multi-year highs and closer to the USD 100 a barrel mark.
Wall Street ends higher on better economic data
In the US market, broad-based buying sent stocks to their best levels in more than two years. Successful bond auction in Europe and the Fed's beige book indicating improving economic conditions in US boosted the indices.
Buy Axis Bank for intraday: Astroprofit
Axis Bank incorporated on dated December 3, 1993. Today Moon is transiting over the 10th house from the natal moon and other planetary combinations are indicating some upside in coming days.
US mkts end 0.7-0.9% higher led by financials, energy
The Dow Jones Industrial Average ended up 84 points at 11755. The Nasdaq Composite was up 20.5 points at 2737 and S&P 500 Index rose 11.5 points at 1286.
FIIs net sell Rs 371 cr in equities on Jan 12 (prov)
FIIs were net sellers of Rs 371 crore while DIIs net buyers of Rs 359 crore in the cash markets on January 12, as per provisional data available on exchange. FIIs were net buyers of Rs 835 crore in the F&O market.
Shekhawati Poly-Yarn witnesses 399 bulk deals
Textile firm Shekhawati Poly-Yarn had a good debut on the exchanges on January 12. The stock settled at Rs 47.50, up 58.3% on Bombay Stock Exchange.
Geojit BNP Paribas cons Q3 PAT at Rs 12.2 cr
Geojit BNP Paribas Financial has announced its results for the quarter ended December 2010. It has reported consolidated profit after tax (PAT) of Rs 12.2 crore as against Rs 12.4 crore (YoY).
NAVs end strong as markets surge
Equity diversified NAVs ended strong with advance:decline ratio of 253:3 as the Indian equities snapped a six-day losing streak on Wednesday led by a sharp pullback as markets looked oversold in previous sessions with the loss of around 1350 points on the Sensex.
Global grain stocks tighten, deluge in Australia
Australia's worst floods in decades shut down a key grains port, while the United States signaled further tightening of domestic and global supplies, heightening fears over surging food inflation.
MRPL awards one of 4 tenders: Trade
India's Mangalore Refinery and Petrochemicals has awarded only one of four tenders it had floated to buy as much as 2.6 mn barrels of crude oil, two trade sources said on Wednesday.
Infosys Q3 net profit seen up 4.5% at Rs 1814.69 cr
India's second largest IT services exporter Infosys Technologies is set to announce its results for the quarter ended December 2010 (Q3FY11).
Lenders approve Ispat's takeover by JSW Steel
Lenders have approved Ispat's takeover by JSW Steel. Lenders will convert their Rs 191.4 crore loans into equity at Rs 14.70 per share. The recompense issue, it is said would only be taken up later.
EU exec eyes 50 bn bank tax for crisis fund
A one-off 50 bn euro tax on banks could help pay for a new stability scheme to protect euro zone countries in financial trouble, according to an internal report from the EU's executive for ministers.
Tata Steel's up to $800 mn share sale starts Jan 19
India's Tata Steel, the world's seventh largest steel maker, will launch its up to USD 800 mn public share sale on January 19, two sources with direct knowledge of the matter said on Wednesday.
Lloyds bonus, govt rhetoric stoke bank bonus row
Britain's bank bonuses row flared into new life on Wednesday as a report the boss of bailed-out British bank Lloyds will take a 2 mn pound (USD 3.12 mn) bonus collided with a government pledge to curb payouts.
'Hedonistic' Hedda Gabler banned at Tehran theatre
Iranian authorities have ordered a theatre to suspend its production of the classic European play Hedda Gabler, which a semi-official news agency described as "vulgar" and "hedonistic".
Gold retreats after Portuguese debt auction
Gold surrendered early gains on Wednesday to edge lower as better risk appetite after a well-received Portuguese bond auction removed some safe-haven support, though a softer dollar underpinned prices.
AIG in $2.2 bln Taiwan sale, but concerns remain
American International Group Inc accepted a USD 2.16 bn cash offer for its Taiwan Nan Shan Life unit from a group led by conglomerate Ruentex, though long-running regulatory concerns mean the sale is not assured.
Credit Protection: Bouncer's cards stop knife blows
A wallet stuffed with 20 plastic cards and a stroke of luck saved a pub doorman in western Germany from serious injury during a knife attack.
Tour of Spain to return to Basque Country after long gap
The Tour of Spain will visit the Basque Country for the first time since 1978, 2011 race organisers said at the course presentation on Wednesday.
Flying drunk proves fatal for Romanian bird flock
There was nothing mysterious about the death of a flock of birds in Romania last week -- they were simply drunk, veterinarians said.
Bangladesh probes allegations against Grameen bank
Bangladesh began on Wednesday investigating allegations that Nobel Prize winning microlender Grameen bank had illegally diverted aid funds after a Norwegian television documentary cast doubts about its tax records.
UK to review N. Sea drilling rules after US spill
Britain said on Wednesday it would review its regulations covering offshore oil and gas drilling in the North Sea following the publication of a US investigation into BP's Gulf of Mexico oil spill.
US survey shows 'pervasive' bedbug problem
One in five Americans has either had an experience with bedbugs themselves or knows someone who has and a majority say the tiny blood-suckers are a source of worry for them, according to a new survey.
