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The women of Hollywood returned to razzle dazzle with an array of red, silver and sparkling gowns on the Oscars red carpet on Sunday, in contrast to more somber ensembles in vogue the past few years.
Japan's Nikkei average dropped 0.5% on Monday as instability in Libya pushed US crude prices higher and stoked safe-haven demand for yen, pressuring shares of exporters.
The coming session is likely to witness a resistance at 5375 on advances above which the 5425 maybe tested. Support is likely at the 5250 below which the 5200 maybe tested.
F&O cues: Total Futures Open Int up Rs 6518 crore and Total Options Open Int up Rs 527 crore.
Market cues: FIIs net sell USD 496 million in the cash market on Feb 24 .
Global markets gained as oil price volatility settled down, but headline risk related to Middle East and North Africa region remained on Friday
At 7: 38 am (IST), Asian markets were trading weak. China's Shanghai Composite shed 0.39% or 11.25 points at 2,867.31. Hong Kong's Hang Seng fell 0.49% or 112.22 points at 22,900.15. Japan's Nikkei declined 0.62% or 65.07 points at 10,461.69. Singapore's Straits Times was down 0.89% or 26.90 points at 2,998.26.
The Finance Minister Pranab Mukherjee will present the Union Budget 2011 today. He has a tough role to play as the country is reeling under inflation and high crude price has been a dampener. The major focus areas of the budget are likely to be:
The government is likely to increase excise duty by 2% in sectors like FMCG and automobiles. Brokerages and experts are expecting that service tax in the auto sector is likely to be hiked to 12% from the current level of 10%.
The US Federal Reserve and European Central Bank may go their separate ways if Middle East unrest provokes a sustained, inflationary oil price spike.
Warren Buffett is going long on America, and investors are likely to take note when markets open on Monday.
Drugmakers want tax exemption deadline for export oriented unit (EOUs) to be extended and want infrastructure or priority sector status in the budget on Feb 28.
A US federal judge ordered that Galleon hedge fund founder Raj Rajaratnam must reveal taped evidence to be used in his upcoming insider trading trial set for March 8, a court document said.
The embattled government faces the daunting task of appeasing voters weary of high inflation while trying to tame its fiscal deficit when it presents its budget for the next fiscal year today at 11 AM.
The government is likely to increase subsidies on food in a February 28 budget, a populist move that hurts public finances but promises political dividends for a ruling coalition trying to cool disquiet over high inflation.
On Wall Street they wonder: Was that it? Is the pullback over? Following the S&P 500's worst week in 15 last week, investors are trying to determine whether the predictions of a correction have been fulfilled or if there's still downside ahead as oil prices remain at elevated levels.
German carmaker BMW aims to produce around 30,000 units of its electric i3 model annually, magazine Automotive News Europe reported, citing Ian Robertson, the group's head of sales and marketing.
Hollywood's top stars began their annual parade up the red carpet and into the world's top film honors, the Oscars, on Sunday where "The King's Speech" and "the Social Network" will vie for best picture.
West Ham United climbed off the bottom of the Premier League with an uplifting and well-deserved 3-1 home win over Liverpool on Sunday.
Disney's Gnomeo & Juliet jumped two spots to land at the top of the North American box office on Sunday in a slow period where most moviegoers focused on the world's biggest movie awards, Hollywood's Oscars.
A rundown of the key moments from India's classic Cricket World Cup Group B tie with England on Sunday:
New Zealand's earthquake-shattered city of Christchurch prepared to bury the first victim on Monday of last week's devastating tremor that killed at least 148 people as aftershocks forced the evacuation of scores of people in hillside suburbs.
As Finance Minister Pranab Mukherjee rises to present the Union Budget 2011 today, he has a challenging economic situation to contend with. On the plus side, there has been a rebound in growth. But global crude oil prices are near USD100 a barrel, inflation is high, as is the current account deficit.
Finance minister Pranab Mukherjee announced a marginal reduction in subsidies after revising the overall estimates for 2010-11 upwards. A closer look at numbers shows a surge in the subsidy bill over the previous year.
OPEC and non-OPEC oil producers have plenty of available oil, Qatar Energy Minister Mohammed Saleh al-Sada said on Sunday, adding there was no justification for nervousness in the market.
