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AU Optronics Corp, the world's No 4 LCD maker, has won an order to provide flat panel screens for Apple Inc's iPad 2 tablet, the first order it has received for the popular device, a local newspaper reported on Thursday.
As Britney Spears prepares to launch her seventh studio album "Femme Fatale" on Tuesday, the pop star faces keen competition from Lady Gaga, Katie Perry and Rihanna, who reign atop Billboard's Hot 100 singles ranking.
Tokyo Electric Power Co (TEPCO) could face compensation claims of up to 11 trillion yen (USD 133 billion) -- nearly four times its equity -- if Japan's worst nuclear crisis drags on for two years, an analyst at Bank of America Merrill Lynch wrote in a report.
Unitech | Rohit Ferro | Venus Remedies | Apar Ind | Deepak Fertilizers | HUL | Hindalco | Tata Coffee, Cairn and Sesa Goa are stocks, which are in the news today.
According to a report by Angel Broking, if Nifty trades above 5782 during the first half-an-hour of trade then we may witness a further rally up to 5809-5831 levels.
The coming session is likely to witness a resistance at the 5820 levels on advances above which the 5845 maybe seen. Support is likely at the 5750 below which the 5725 maybe tested.
9:15-10:15, the time slot shows the following trend: Nifty may initially go down, then up and eventually come back to the original position. You can derive the same from the weightage.
FIIs were net buyers of Rs 767 crore in Index Futures and net buyers of Rs 889 crore in Index Options. However, They were net sellers of Rs 292 crore in Stock Futures on March 30.
The support for the Nifty is at 5730 and resistance at 5826.
Market-wide rollover was at 63% as against 58% in last series. Nifty rollovers stood at 59% versus 49% last series.
The rupee may see marginal gains today. The positive sentiment in the domestic equity market may support the currency. The range for the day is seen between 44.60- 44.75/$, says Ssharad D Pawaar, SPFX India.
F&O cues: Market-wide rollover 63% versus 58% in last series.
I expect thin trading in the bond market on the last day of FY11. The market would watch out for details of new auction between April 5 and April 10. The 11-year yield is seen between 8.06- 8.10%, says RVS Sridhar, Axis Bank.
Market cues: FIIs net buy USD 336 million in the cash market on Mar 29.
FMG, the London and Chennai-based pre-media business, has sold a controlling stake in its business to a group of private equity investors led by India Value Fund Advisors (IVFA) for USD 20m (£12.5m).
At 7: 49 am (IST) Asian markets were trading firm. China's Shanghai Composite was flat at 2,952.52. Hong Kong's Hang Seng rose 0.35% or 82.43 points at 23,533.86. Japan's Nikkei was flat at 9,705.91. Singapore's Straits Times was up 0.31% or 9.72 points at 3,105.04.
Indian ADRs ended mostly in green on Wednesday. In IT space, Infosys was up 0.01% at $ 70.76, Wipro was up 1.39% at $ 14.54 and Patni Computers was up 1.43% at $ 21.24.
The Dow Jones Industrial Average ended up 71.6 points at 12,350. The Nasdaq Composite was up 20 points at 2,777 and S&P 500 Index up 9 points at 1,328.
Crude prices eased despite volatile trade on the back of larger than expected US crude inventories at the cushing delivery point. Crude shrugged negative cues from West Asia trading around USD 104 per barrel mark, while Brent traded flat around the USD 115 per barrel mark. Currently crude is trading at USD 104.64 per barrel.
In the US, the rally continued for the markets as they got near the highs of the year. The Dow ended at six week highs. The broad market turned positive for the month. However, thin volumes persisted in the markets owing to geopolitical uncertainty.
Equity diversified NAVs ended higher with advance:decline ratio of 251:1 as the Indian equity benchmarks maintained their uptrend for sixth consecutive day on Wednesday. Buying continued in SBI, Reliance Industries, TCS, HDFC Bank, HDFC, Wipro, L&T, DLF and ICICI Bank, which were quite supportive.
It was a nail biting, nerve wracking encounter between cricketing archrivals India and Pakistan. India had set Pakistan a target of 261 runs - riding on an uncharacteristically shaky 85 from Sachin Tendulkar and neat cameos from Raina and Sehwag. In reply Pakistan have scored 132 for 4.
Arcelor Mittal's steel plant in Karnataka has picked up pace and CNBC-TV18 has learnt that the company is mulling a joint venture with Karnataka Power Corporation (KPC) to set up a 700MW power plant in Bellary third phase at a total investment of Rs 300 crore.
Japan called on the world not to impose unjustifiable import curbs on its goods as French President Nicolas Sarkozy was due to arrive on Thursday, the first leader to visit since an earthquake and tsunami damaged a nuclear plant, sparking the worst nuclear crisis since Chernobyl in 1986.
Research In Motion has reached a deal with Intellectual Ventures that will give the BlackBerry maker access to more than 30,000 patents held by the intellectual property company.
