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10-year yield seen between 8.15- 8.20%: Sridhar

The bond market is watching out for RBI's monetary policy next week. The street is concerned about RBI's stance on inflation and interest rates. The tight liquidity situation is also a worry. The 10-year yield is seen between 8.15- 8.20%, says RVS Sridhar, Axis Bank.

See marginal weakness in rupee: Ssharad D Pawaar

The rupee may see marginal weakness as the dollar recoups its earlier losses. The uncertainty in the equity market is also likely to weigh on the currency. The range for the day is seen between 45.40-45.55/$, says Ssharad D Pawaar, SPFX India.

Crude oil trades at around USD 91.6/bbl

Weak US markets weighed on commodities. US housing starts fell 4.3% on month-on-month basis. Dollar Index was supportive yesterday, which was down further 0.5%.

Nifty Jan 5500 Put add 9 lakh shares in OI

Nifty Open Interest PCR was down at 0.88 versus 0.89, which has fallen from 1.41 since start of series. Nifty January 5500 Put added 9 lakh shares in OI while Nifty January 5700 Call added 5.6 lakh shares in OI.

Market cues: FIIs net buy $38.7 mn

Market cues: FIIs net buy USD 38.7 million in the cash market on Jan 18.

F&O cues: Total Nifty futures up Rs 862 cr

F&O cues: Total Nifty futures up Rs 862 crore and Options up Rs 792 crore.

Asian mkts trading weak; Nikkei slips 1%, Hang Seng down

At 7: 56 am (IST), Asian markets were trading weak. China's Shanghai Composite shed 0.37% or 10.11 points at 2,747.99. Hong Kong's Hang Seng fell 0.76% or 185.01 points at 24,234.61. Japan's Nikkei plunged 1.13% or 118.94 points at 10,438.16. Singapore's Straits Times was down 0.43% or 14.08 poinst at 3,227.88.

Indian ADRs: Sterlite, ICICI Bk down, Patni, HDFC Bk up

Indian ADRs ended mostly mixed with negative bias on Wednesday. In Banking space, HDFC Bank was up 0.24% at $ 150.36 while ICICI Bank was down 0.73% at $ 45.11. In Telecom space, Tata Communication was up 0.17% at $ 11.48 while MTNL was unchanged at $ 2.34.

Crude slips to 1-week low

Oil reversed earlier gains falling to a 1-week low on the back of declining US housing starts. Crude currently stands below the USD 91 dollar per barrel mark.

Wall Street slips, worst single-session loss in S&P, Nasdaq

In the US market, concerted selling sent the S&P 500 and the Nasdaq to their worst single-session losses in almost two months, but the Dow finished only fractionally lower amid support from IBM.

Biocon Q3 profit after tax seen up 15% to Rs 93 cr

Indian biotechnology firm Biocon is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected go up by 15% to Rs 93 crore in Q3FY11 as against Rs 80.9 crore in same period of previous year.

Nifty will take support at 200 DMA around 5610: An analysis

FIIs were net sellers to the tune of Rs 270 crore while DIIs were net buyers of Rs 489 crore in cash markets on Wednesday, as per provisional data. FIIs were net buyers of Rs 925 crore in F&O.

Tata Steel FPO subscribed just 0.2 times on Day-1

The Tata Steel follow-on public offer, which opened on Wednesday, was subscribed 0.2 times. The FPO received bids for 95 lakh shares against the 4.86 crore shares on offer.

NAVs close with negative returns

Equity diversified NAVs ended lower with advance:decline ratio of 83:167 as Indian benchmarks retreated on Wednesday, dragged down by oil & gas, technology, capital goods, FMCG and cement companies' shares along with HDFC, HDFC Bank, SBI and NTPC.

Wall St to open lower as Goldman Sachs profit drops

Wall Street was set for a lower open on Wednesday after Goldman Sachs posted a decline in quarterly profit, denting investor optimism about a strong earnings season.

Singh's Tweaks: Key economic ministers shuffled around

It was rather a lukewarm reshuffle from the scandal-hit UPA government. Even as the key ministries of finance, home, defence and foreign affairs did not see any change at the helm, several other key ministers have been shuffled.

I am not an astrologer, says PM on inflation

Under attack for surging inflation, Prime Minister Manmohan Singh on Wednesday exuded confidence that prices would stabilise by March but said certain factors were beyond the control of the government.

LIC Housing Finance sees FY11 NIM steady at 3%

Housing lender LIC Housing Finance is confident of keeping margins around 3% in FY11 amid tight liquidity situation, a top official said on Wednesday.

IndiGo gets govt nod to fly overseas

Budget carrier IndiGo has received government approval to fly to Singapore, Bangkok, Dubai and Muscat after it completes five years of operations in August this year, it said on Wednesday.

Goldman profit slides 53%, shares drop

Goldman Sachs Group Inc posted a 53% decline in quarterly profit on Wednesday, in part reflecting lower results in fixed-income trading.

Rolta unlocks value in JV, sells stake to Shaw

Rolta today announced that it has sold its 50% share in Shaw Rolta Limited (SWRL) to its joint venture partner, Stone & Webster, Inc. – a subsidiary of The Shaw Group, Inc. The effective date of this transaction is December 31, 2010.

Maha Govt okays Rs 5,570cr budget For MMRDA for 2011-12

Maharashtra State Government has approved a budget of Rs 5,570 crore presented by the Mumbai Metropolitan Region Development Authority (MMRDA) for the year 2011-12 in its 128th meeting held on Tuesday.

Govt considering infrastructure debt fund options

The government is considering various options to create an infrastructure debt fund, Finance Minister Pranab Mukherjee said on Wednesday, as part of government's efforts to create long-term funds for the infrastructure sector.

Asian LPs prefer to bet on new GPs: Coller Capital Survey

A large majority of investors in private equity or limited partners (81%) intend to make commitments, over the next two to three years, to fund managers or general partners (GPs) with whom they have not previously invested, according to Coller Capital’s latest Global Private Equity Barometer.