10-year yield seen between 8.05-8.15%:
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.
Expect rupee to gain marginally: Ssharad D Pawaar
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 cr
F&O cues: Total Nifty futures up Rs 69 crore, Options up Rs 1271 crore.
Nifty February 5700 Call added 9.9 lakh shares in OI
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 $42.7 mn
Market cues: FIIs net buy USD 42.7 million in the cash market on Jan 24.
Asian mkts trading mixed; Hang Seng down, Nikkei up
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.
Indian ADRs: Infosys, Tata Comm, Sterlite Ind up
Indian ADRs ended mixed on Wednesday. In IT space, Infosys was up 0.59% at $ 70.41, Wipro was up 0.29% at $ 13.68 and Patni Computers was up 0.2% at $ 20.48.
US markets end with moderate gains
The US markets closed modestly higher. The Dow lost ground during the final minutes of trading to close below twelve thousand mark after climbing above it intra-day.
Dow Jones fails to hold above 12K in intraday trade on Wed
The Dow Jones Industrial Average ended up 8 points at 11,985. The Nasdaq Composite was up 20 points at 2,739.5 and S&P 500 Index rose 5.5 points at 1,297.
Jewellery got more expensive for homemakers this Budget
Are you a homemaker? Find out how the tax affects you.
Buy ITC; target of Rs 212: A C Choksi
A C Choksi is bullish on ITC and has recommended buy rating on the stock with a target of Rs 212 in its January 25, 2011 research report.
Albers Diamonds buys 4.55 lakh shares of C Mahendra
On January 25, 2011 Albers Diamonds Private Limited bought 455,000 shares of C Mahendra Expo at Rs 132.96 on the NSE. Yesterday the share closed at Rs 133.05.
Sandeep Stock buys 5 lakh shares of Splash Media
On January 25, 2011 Sandeep Stock Private Limited bought 500,000 shares of Splash Media at Rs 122.72 on the BSE. Yesterday the share closed at Rs 129.40.
New India Retailing sells 3.92 Lk shares of Oudh Sugar Mill
On January 25, 2011 G M B Investment Pvt Ltd bought 392,670 shares of Oudh Sugar Mill at Rs 36.43 on the NSE. However, New India Retailing & Investment Limited sold 392,670 shares at Rs 36.42. Yesterday the share closed at Rs 36.10.
India Infoline Ltd buys 24.79 Lk shares of India Infoline
On January 25, 2011 India Infoline Limited bought 2,479,945 shares of India Infoline at Rs 81.39 on the NSE. Yesterday the share closed at Rs 81.
Sonal International buys 7.2 lakh shares of ACIL Cotton Ind
On January 25, 2011 Sonal International Ltd bought 720,099 shares of ACIL Cotton Industries at Rs 4.01 on the BSE. Yesterday the share closed at Rs 3.99.
Snapdeal Owner raises $12 mn from Nexus and IndoUS Ventures
Jasper Innovative Marketing Solutions, which owns the group buying portal Snapdeal.com, has raised USD 12 million in a series B financing from Nexus Venture Partners and existing investor IndoUS Venture Partners.
What's cooking: M&A action in kitchen appliances market
Philips has kick-started what could be a consolidation drive in the highly fragmented small kitchen appliance business in the country.
Indian ADRs: Dr Reddys down 5%, ICICI Bank down 2.2%
Indian ADRs ended mostly in red on Tuesday. In Banking space, ICICI Bank was down 2.25% at $46.1 and HDFC Bank was down 0.74% at $148.46. In the telecom space, MTNL was up 1.71% at $2.38, while Tata Comm was down 1.15% at $11.14.
Wall Street ends flat in late flurry of buying
US stocks erased losses in a late flurry of buying to end little changed on Tuesday as overall optimism about earnings offset disappointing results from blue chips 3M and Johnson & Johnson.
NAVs decline on fall in markets
Equity diversified NAVs ended lower with advance:decline ratio of 19:233 as rising inflation concerns and a likely slowdown in economic growth spooked Indian equities on Tuesday and sent the Nifty below the 5700-mark at close, dragged down especially by financials.
Azim Premji, Chanda Kochhar win Padma Award
The Government of India announced the Padma awards, which is the highest civilian honour bestowed by the government every year on eminent personalities from all walks of life such as social work, sports, film, politics, academics, science, business, art and culture.
Balco arbitrator says Sterlite cannot buy balance 49% stake
Sterlite has been dealt a serious blow in the Balco arbitration matter. The arbitrator says Sterlite cannot buy the balance 49% stake in Balco. This arbitrator award would impact residual stake sale in Hindustan Zinc as well.
AR Rahman gets two Oscar nominations
Indian composer AR Rahman bagged two Oscar nominations for his music in Danny Boyle's '127 Hours' on Tuesday, raising hopes of a repeat of his double triumph at the Academy Awards in 2009.
Bharat Forge Net Profit up 117.4% at Rs 83 Cr.
Bharat Forge Net Profit up 117.4% at Rs 83 Cr.
