Stable stock markets and the rebound of most currencies against dollar should help the rupee today. However, crude prices could effects sentiment. The range for the day is seen between Rs 45.70-46, says Vikram Nanivadekar, Verity Analytics.
From 9:15 to 11:35, Nifty may remain in the consolidation area.
At 7: 55 am (IST), Asian markets were trading firm. China's Shanghai Composite was up 0.14% or 3.94 points at 2,794.64. Hong Kong's Hang Seng was up 0.12% or 27.50 points at 23,474.84. Japan's Nikkei added 0.34% or 34.77 points at 10,272.69. Singapore's Straits Times rose 0.54% or 17.41 points at 3,197.13.
US crude oil futures settled at their highest level in 27 months on fears that the civil unrest in Egypt could widen to other Middle East countries and disrupt oil shipments from the region.
Indian ADRs ended in green on Monday. In IT space, Infosys was up 0.13% at $ 67.71, Wipro was up 2.73% at $ 13.18 and Patni Computers was up 1.37% at $ 20.03.
The US markets rebounded on Monday as investors returned to markets after a sharp sell-off on Friday. Infact, the Dow Jones Industrial Index witnessed their best January in 14 years, though political volatility in Egypt kept investors on their toes.
The Dow Jones Industrial Average ended up 68 points at 11,892. The Nasdaq Composite rose 13 points at 2,700 and S&P 500 Index went up 10 points at 1,286.
FIIs were net sellers of Rs 480 crore in Index Futures and sellers of Rs 280 crore in Stock Futures on January 31. However, FIIs were net buyers of Rs 891 crore in Index Options.
In what seems like a validation of the early stage investment model in India, Seedfund--whose portfolio reads like Redbus, Vaatsalya, AFAQs, Printo, Thinklabs and Edusports—has closed its second fund with a total investment corpus of $54 million.
Equity diversified NAVs ended mixed with advance:decline ratio of 129:119 as Indian equities closed on a flat note.
The government has formed a panel to decide on natural resources price policy, reports CNBC-TV18 quoting NewsWire18.
Mobile number portability (MNP) definitely rang good news for complaining consumers. Soon after a pan-India roll out on January 20, nearly a million mobile users have sought to switch numbers, reports CNBC-TV18 quoting sources.
Mandhana Q2 PAT up by 87.38% at Rs.19.90 cr., Net sales increased by 13.74% to Rs.215.09 cr.
ADF Foods, one of the major food processing companies has recorded a jump of 32.91 % in its net profit to Rs 4.28 crore in 3rd quarter ending December 2010, compared to Rs 3.22 cr in Q3 FY 2010. During the same period, the Income from operation has increased by 22.34% to Rs 28.53 crore from Rs 23.32 crore.
As CMD of ONGC, RS Sharma presided over 60 board meetings, cleared investments of 1.48 lakh crore and expenditure of 1.7 lakh crore, reports CNBC-TV18.
After breaking a promise to tackle immigration reform in his first year in office, President Barack Obama now thinks the time has come to deal with the thorny issue "once and for all."
A strict diet may help the Leipzig Zoo's opossum Heidi to lose the crossed eyes that have made her an international attraction.
Indian mobile phone operator Essar has abandoned plans to inject part of its 33% stake in the Vodafone Essar venture into a listed shell company after objections by its partner Vodafone, according to two people familiar with the situation.
The World Trade Organization will hand a report to US and EU officials on Monday finding that plane maker Boeing received billions of dollars in unfair subsidies from the US government, industry sources said.
Investors kept their allocations pretty much unchanged in the first month of 2011, but shifted stock holdings from emerging markets and Europe into US equity markets.
Iranians have found their access to major news websites even more restricted than usual as more foreign sites were blocked by a government filter, Reuters witnesses observed on Monday.
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
The evocative combination of a Senna in the black and gold colours of Lotus Renault was revived on Monday when Brazilian Bruno Senna was presented as the Formula One team's reserve driver.
Emerging markets will continue to attract investors despite serious threats such as inflation and investors turning to developed markets, as the search for yields will draw them back, a director at Goldman Sachs Asset Management said.
Children aren't the only ones being lavished with expensive birthday parties. Pet owners are also marking their dog's special day with celebrations.
