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Shares in Asia's developed stock markets dipped and the dollar struggled at 16-month lows on Friday as disappointing US data and a likely pickup in Chinese inflation gave market players an excuse to take profits after a recent sharp rally.
Nokia Siemens, a 50:50 joint venture between mobile phone maker Nokia and engineering giant Siemens AG, is said to be exploring options to sell a controlling stake in the firm.
I expect bond prices to remain rangebound with an upward bias in the near-term. I expect the 10-year yield to trade between 7.85-7.95%, says Dhawal Dalal, DSP BlackRock.
The rupee is expected to remain strong as a result of the poor US economic data, says Pramit Brahmbhatt, Alpari India.
The Moon is in the zodiac Leo, which is the zodiac of the Sun. Today, Sun will enter it's sign of exaltation- Aries.
WTI crude was steady at USD 108.2/barrel and Brent crude was trading at around USD 122 a barrel today morning.
F&O cues: Total Futures Open Int up Rs 4141 crore and Total Options Open Int up Rs 4494 crore.
Infosys | Fortis Healthcare | Tata Steel | Reliance Inds | LT foods | Allahabad Bank | Dr Reddy's Labs | GSK Pharma | MRF | Idea and Siemens are stocks, which are in the news today.
Market cues: FIIs net sell USD 107 million in the cash market on Apr 11.
At 7: 52 am (IST), Asian markets were trading mixed. China's Shanghai Composite was up 0.56% or 17.02 points at 3,059.65. Hong Kong's Hang Seng added 0.87% or 209.30 points at 24,223.30. Japan's Nikkei was down 0.43% or 41.69 points at 9,612.23. Singapore's Straits Times was up 0.16% or 5.09 points at 3,164.01.
Oil continued its rise on the back of a falling dollar and reports that Saudi Arabia has cut production this month. The drop in Libyan crude output had pushed the biggest oil producer to produce 9 million barrels per day to offset the shortfall.
Indian ADRs ended mixed on Thursday. In the telecom space, Tata Communication was up 0.09% at $ 11.33 while MTNL was down 0.91% at $ 2.18. In the banking space, HDFC Bank was down 0.71% at $ 172.58 and ICICI Bank was down 0.5% at $ 50.
Nifty Open Interest PCR was up at 1.47 versus 1.30. Nifty Futures added 17 lakh shares in OI and ended at 26.6 points premium versus 18 points.
The US stocks closed mixed after another choppy, low volume session, as the broader market staged a late afternoon rally.
The Dow Jones Industrial Average ended up 14 points at 12,285, after seeing recovery of 122 points from day's low of 12,163.
Ace investor Rakesh Jhunjhunwala's firm Rare Enterprises bought 1,200,000 shares of DCB at an average price of Rs 55.4 on the National Stock Exchange on Wednesday. The stock rallied more than 15%. The company also came out with its quartely results on the very same day.
Wisden, regarded as the Bible of cricket, has named Indian batting maestro Sachin Tendulkar as the leading cricketer in the world for the year 2010.
A day after national-level volleyball player Sonu Sinha lost one of her legs after being pushed off the train during a robbery near Bareilly in Uttar Pradesh, the Prime Minister's Office (PMO) has expressed concern over the tragedy and sought a report from the Railways.
Corporate lobbyist Nira Radia has claimed that Anil Ambani's Reliance Communications controlled Swan Telecom, which wasn't itself eligible for a 2G license because of a cross holding clause.
Chinese banks may have to raise about 860 billion yuan ($131 billion) of stock over six years to meet stricter capital rules, Bloomberg News reported on Thursday.
India is eager to absorb foreign direct investment, Prime Minister Manmohan Singh said on Thursday in the Chinese town of Sanya in a statement at the BRICS summit, which included China, Brazil, Russia and South Africa.
India would like to step up cooperation with China in energy sector, specially in the field of green technologies to boost trade ties, which in turn could help to build mutual trust to overcome differences, Indian ambassador S Jaishankar said.
Sony Corp is mulling a complete two-week summer shutdown of some company premises to save energy as Tokyo and Japan's northern regions face the peak period with vastly reduced power generation capacity following the March 11 quake.
Brent crude fell on Thursday, trading below $123 a barrel on concern about the impact of high prices on demand, although continued unrest in the Middle East and a sharp fall in US gasoline stocks limited losses.
On April 13, 2011 PRUSIK ASIA FUND PUBLIC LIMITED COMPANY sold 150,000 shares of Talwalkars Better value Fitness at Rs 239.75 on the NSE.
