Bulls fetching support: Vasudeo
The bulls could not hold on the support of 18954 after holding it for 3 trading days. Now bulls would try to fetch support at 200-day average and at 100% projection of 18509. If the supports are not held, then every support will be cut by the falling knife splashing blood.
Italy jewellers see relaunch with Gitanjali
Four Italian jewellery brands plan to boost sales and regain export market share with the help of India's Gitanjali, which has bid to buy them, the head of the holding group uniting the Italian jewellers told Reuters.
Nifty has support at 5565: Gaba
The support for the Nifty is at 5565 and resistance at 5882-5938-5995.
10-year yield seen between 8.18- 8.23%: Prabhu
The sentiment in the bond market continues to be negative amid tight liquidity and bleak inflation outlook. The yields have firmed up on rate hike expectation in the forthcoming monetary policy on January 25. The 10-year yield is seen between 8.18- 8.23%, says Suresh Prabhu, Money Market Analyst.
Rupee likely to remain under pressure: Sharma
The rupee is likely to remain under pressure on expectations that domestic equity markets may continue to be weak, says Subramaniam Sharma, Greenback Forex.
F&O cues: Total Nifty futures up Rs 129 cr
F&O cues: Total Nifty futures up Rs 129 crore and Options up Rs 2753 crore.
Market cues: FIIs net sell $25 mn
Market cues: FIIs net sell USD 25 million in the cash market on Jan 13.
Asia trading mixed; Shanghai Composite down 1%, Nikkei up
AT 7: 58 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.82% or 22.78 points at 2,768.57. Hong Kong's Hang Seng was down 0.12% or 28.20 points at 24,255.03. Japan's Nikkei was up 0.36% or 37.70 points at 10,536.74. Singapore's Straits Times was flat at 3,245.85.
Underweight India amongst Asian markets: Citigroup
We reiterate our positive view on emerging markets for 2011 with our year-end target on the MSCI GEM Index at 1,500, a gain of around 30%., says Geoffrey Dennis of Citigroup.
Oil prices rising too high, too fast: Total CEO
Global oil prices have risen too high, too quickly but increased OPEC output will not stem the rise as the climb is driven by demand, the chief executive of French oil major Total said on Sunday.
Iran says to be self reliant in gasoline in 2011
Iran will finally become self sufficient in gasoline later this year, no longer reliant on imports or "emergency" fuel produced in petrochemical plants, its oil minister said on Sunday.
China fiscal policy to stay proactive: MOF official
China will maintain a "proactive" fiscal policy in 2011 to build roads, subways and other infrastructure, Xinhua news agency reported on Sunday, citing the head of the Research Institute for Fiscal Science at the Ministry of Finance.
Iran joins Venezuela, Libya to say $100 oil no harm
OPEC's leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near USD 100 a barrel.
Steel minister sees deterrents to new investment
Fresh investment in the steel sector may be discouraged by delays to projects caused by problems such as land acquisition hurdles, steel minister Virbhadra Singh said on Sunday.
Swiss tax whistleblower to give WikiLeaks new data
A former Swiss private banker who was one of the first whistleblowers to use WikiLeaks by publishing internal bank documents on the site has pledged to hand over new data on offshore bank account holders on Monday, a newspaper said.
Iran explores new onshore gas field in south
Iran is exploring a new onshore gas field in the southern part of the country which could be worth USD 50 billion, Oil Minister Massoud Mirkazemi said on Sunday.
Congress ally NCP shrugs off Congress barb
Food and agriculture Minister Sharad Pawar, a key ally of the ruling Congress party, made an apparent jibe at Congress scion Rahul Gandhi on Sunday, after the Amethi MP blamed coalition politics for rapid inflation.
FIIs net sell Rs 748 cr in equities (prov)
FIIs were net buyers of Rs 208 crore in Index Futures, net buyers of Rs 950 crore in Index Options and net buyers of Rs 207 crore in Stock Futures.
Crude oil trades at around USD 91.5/bbl
CRB Commodity Index ended flat on Friday; was up by 2.8% for the week. US macro data was mixed and China raised banks' reserve requirement ratio by 50 bps again.
US mkts make fresh 2-year high post JPM, Intel nos
The Dow Jones Industrial Average ended up 55.5 points at 11787. The Nasdaq Composite was up 20 points at 2755 and S&P 500 Index rose 9.5 points at 1293.
Stock market prediction for Jan 17-21: Astrostocktips
Brewery / distillery sector would be getting astrological support & buy United Spirit, Jagatjit Industries & Globus on decline, says Satish Gupta of astrostocktips.
Iran says $100 a barrel is appropriate price for oil
Iran's oil minister said on Sunday that USD 100 for a barrel of crude was appropriate and there was no need to hold an emergency OPEC meeting to discuss the price.
Shanghai eyes foreign firm listings, cross-border trade
Shanghai hopes to encourage foreign companies to raise capital through stock and bond issuance in Shanghai this year, Mayor Han Zheng said on Sunday, while also confirming the city plans a trial property tax during 2011.
England 294 Vs Australia, 1st ODI: Innings
England were bowled out for 294 in the 50th over of their innings in the first one-day international against Australia at the Melbourne Cricket Ground on Sunday.
