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A sustained period of higher oil prices would significantly affect developing economies but is unlikely to derail their strong recovery since the financial crisis, a senior World bank official said on Monday.
Money Market Operations as on February 28, 2011
Leading realty developer, the Sunil Mantri Group, is in advanced talks with an international private equity (PE) firm to raise around Rs 250-crore by June this year.
Given the current adverse backdrop in liquidity and commodity prices, the Budget has done what was in its control, to alleviate pressures on interest rates & rupee, says Nandan Chakraborty of Enam.
Nifty 5600 Call added 11.5 lakh shares in OI while Nifty 5300 Put added 7.6 lakh shares in OI.
WTI Crude ended below USD 97/barrel on Monday and Brent crude settled at USD 111.8/barrel, down 34 cents.
European Tour chief executive George O'Grady has hailed Luke Donald's maiden World Golf Championship (WGC) victory as a staggering achievement.
Some 37.6 million Americans watched Sunday's widely-panned Oscar ceremony, making the telecast one of the least-watched Academy Awards shows of the past 10 years.
According to a report by Angel Broking, if Nifty trades below 5373 levels for the first half-an-hour of trade then it may correct up to 5269-5205 levels.
In commodities oil prices fell amidst volatile trading as expectations that increased production from Saudi Arabia can offset supply disruptions due to the Libyan violence eased supply concerns. Currently it is trading at USD 96.95 per barrel.
EIH | NIIT | Advanta | Dr Reddy's Labs and HDFC are stocks, which are in the news today.
The coming session is likely to witness a resistance at 5425 on advances. Support is likely at the 5225. The bullish pivot for the session is likely at the 5390 levels above which the Nifty must stay throughout the session.
Today is going to be a major time pass feels Ganesha. The figure of Nifty at 9.15 in the morning will be same as the figure at 12.05.
The support for the Nifty is at 5242-5118 and resistance at 5450-5525.
The Indian rupee opened at 45.18 per dollar versus 45.25 yesterday.
The rally in bonds could continue as next year's borrowing programme announced in the Budget yesterday was lower than market expectations, says Sandeep Bagla, ICICI Securities Primary Dealership.
The Budget was not negative for the rupee and some of the proposals for FII investment have provided mild support. The range for the day is seen between 45-45.40/$, says Vikram Nanivadekar, Verity Analytics.
F&O cues: Total Futures Open Int up Rs 2319 crore and Total Options Open Int up Rs 4515 crore.
For years, the question at Cisco Systems Inc was what to buy next, expanding from routers and switches into consumer electronics in an effort to keep its revenue rising by double digits.
List of players who have claimed hat-tricks in the Cricket World Cup after West Indies pace bowler Kemar Roach captured three wickets off consecutive balls on Monday against Netherlands.
Market cues: FIIs net sell USD 117 million in the cash market on Feb 25.
At 7: 51 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.08% or 2.32 points at 2,902.74. Hong Kong's Hang Seng was down 0.23% or 52.85 points at 23,285.17. Japan's Nikkei added 0.69% or 73.12 points at 10,697.21. Singapore's Straits Times gained 1.09% or 32.93 points at 3,043.44.
Indian ADRs ended mixed on Monday. In the IT space, Infosys was down 0.95% at $ 66.70, Wipro was down 0.9% at $ 13.16 and Patni Computers was down 0.41% at $ 19.60.
In the US markets, stocks overcame some afternoon selling to settle in positive ground. This helped secure the sixth straight monthly gain for both the S&P 500 and the Nasdaq, and the third straight monthly gain for the Dow.
Overall Union Budget 2011-12 was positive for markets. Fiscal deficit situation was under control and sentiment clearly turned positive.
