Gold eases from 1-month high on positive US outlook
Gold closed slightly lower on Monday, easing after an early rally to within USD 10 of its record, as signs of US manufacturing growth prompted selling.
Australian insurers fall on flood claims concerns
Shares in Australian general insurers fell as much as 3.5% on concerns of mounting claims triggered by record floods in Queensland state, but investors said insurance companies could cope and hefty profit warnings were unlikely.
US consumer bankruptcies hit 5 yr high in 2010
The number of US consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could rise as Americans struggle with excess debt in an uncertain economy, a report issued Monday said.
MySpace sale on course for mid 2011
News Corp is on course to sell its social networking unit MySpace by mid-2011, business news network CNBC reported on Monday.
Check out: 10 cues that will help you in your trade today
In the US markets, stocks ended up nearly a percent or more as investors flocked to stocks, pushing the market to new two-year highs on the first trading day of the year. The S&P 500 closed at its highest levels since September, 2008.
Nifty likely to witness range of 6180-6120: Bhambwani
The coming session is likely to witness a range of 6180 on advances above which the 6200 maybe seen. Support is likely at the 6120. The bullish pivot for the session is likely at the 6170 levels and the bearish pivot at the 6155 levels.
China's Sinovel Wind to raise up to $1.4 bn in IPO
Sinovel Wind Group Co, China's largest wind turbine producer, plans to raise up to 9.46 billion yuan (USD 1.4 billion) through an initial public offering in Shanghai, after setting a higher-than-expected IPO price range that reflects investor enthusiasm for renewable energy stocks.
England reduce Australia to 230-8 in Sydney
England's bowlers took a firm grip on the Ashes series by reducing Australia to 230-8 at lunch on the second day of the fifth and final test at the Sydney Cricket Ground on Tuesday.
Honda to triple India motorcycle sales in 5yrs: Nikkei
Honda Motor Co plans to ramp up motorcycle production and triple sales in India to 5 million units annually in five years as its partnership with the Hero Group nears end, the Nikkei business daily reported on Monday.
Management tip of the day: Four steps to getting unstuck
There are some simple steps to help you stop feeling overwhelmed by work and distractions and to restore a sense of calm, and it starts with making a list, says Harvard Business Review.
Hard lessons for China from Japan's rise and fall
Something strange is going on in China: economic scholars are looking to Japan for inspiration. Poring over the lessons China can learn from the country it overtook in 2010 to become the world's second-biggest economy has long been a thriving cottage industry.
Iran-India oil row may hurt MRPL's profitability: ICRA
The India-Iran oil payments row could hit Mangalore Refinery and Petrochemicals' profitability if the dispute continues beyond a month, ICRA, the local unit of ratings agency Moody's, said on Monday.
Panel clears Posco's initial capacity of 4 mtpa in Orissa
A government panel has said there are no ecological concerns over a USD 12 billion steel mill in Orissa planned by South Korea's Posco, a landmark project seen as a test of the country's business climate.
BofA to take $3 bln mortgage settlement charge
Bank of America Corp agreed to settle outstanding claims on poorly underwritten mortgages it sold to government sponsored entities Fannie Mae and Freddie Mac, and said it will put aside USD 3 billion in the fourth quarter related to the claims.
Asia factory output powers ahead, inflation worries weigh
Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.
Factory output surges; exports boost euro zone
Factory output growth eased only slightly in Asia in December and offered an upbeat end to a fraught 2010 for the euro zone, with signs that growth in export orders was filtering through to the region's periphery.
Air India makes profit of Rs 2,166 crore in Nov
State-run Air India has made a cash profit of Rs 2,166 crore in November 2010, the carrier said on Monday adding it was a "record in recent times".
Support for Nifty at 6100: Gaba
The support for the Nifty is at 6100 and resistance at 6183-6200.
Stocks in news: HDFC Bk, Bajaj Hind, Jayaswal, Sun Pharma
HDFC Bank | Bajaj Hindusthan | Balrampur Chini | Jayaswal Neco | SEL Manufacturing | Peninsula Land and Sun Pharma are stocks, which are in the news today.
Market cues: FIIs net buy $137.6 mn in cash market
Market cues: FIIs net buy USD 137.6 million in cash market.
Ganeshaspeaks: Market prediction for Jan 04
Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
Rupee likely to remain choppy: Vikram Nanivadekar
The rupee is likely to be choppy today on mixed overnight cues. The inability of other currencies to appreciate much against the dollar may hold traders back. The range for the day is seen between 44.55- 44.75/$, says Vikram Nanivadekar, Verity Analytics.
10-year yield seen between 7.98- 8.05%: Bagla
Tight liquidity and high inflation do not augur well for bonds. RBI's buyback may end next week and fresh auction supply has started in primary markets. The 10-year yield is seen between 7.98- 8.05%, says Sandeep Bagla, ICICI Securities Primary Dealership.
F&O cues: Total Nifty futures up Rs 1645 crore
F&O cues: Total Nifty futures was up Rs 1,645 crore and Options was up Rs 4186 crore.
