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The 2011 Berlin film festival opens on Thursday with Oscars darling "True Grit" kicking off the 10-day cinema showcase, where hundreds of movies vie for the attention of the world's media and industry buyers.
Lionel Messi won his personal dual with his great rival Cristiano Ronaldo lighting up Argentina's 2-1 win over Portugal by making one goal and scoring the winner in a lively friendly international in Geneva on Wednesday.
Cosmetic surgeries in the United States last year rose to their highest level since the start of the financial crisis, providing traders with another measure to gauge the economic recovery.
A group of prominent US business executives and national security figures will visit China next month as part of their drive to reduce US dependence on oil.
Federal Reserve Chairman Ben Bernanke on Wednesday warned against sharp cuts in US spending at a time when the economic recovery is still fragile enough to require extraordinary support from the central bank.
The US government should only back home loans as a last resort in times of economic stress and should explicitly charge for that support, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
Ford Motor Co sued luxury automaker Ferrari on Wednesday for trademark infringement after Ferrari named its 2011 Formula 1 racing car the F150.
Encana Corp will sell half of a prolific Canadian shale gas project to PetroChina for CAD 5.4 billion (USD 5.4 billion), marking the largest Chinese investment yet in a foreign natural gas asset.
Mobile phone operator Bharti Airtel will look for opportunities within India as the sector consolidates, Singapore Telecommunications CEO Chua Sock Koong said on Thursday.
The rupee is likely to appreciate today as the dollar has declined against the major currencies. This should support the rupee. The intraday range should be 45.30-45.45, says Ssharad D Pawaar, SPFX India.
Total Nifty Futures went down by Rs 1,451 crore while Options up by Rs 990 crore. Stock Futures have net shed 2.78 crore shares in OI. Highest OI outstanding was seen at 5400 Call and 5100 Put.
WTI crude oil ended below USD 87/barrel. EIA says stockpiles went up 1.9 million barrels. Brent premium to WTI now stood at record USD 15/barrel
At 7: 54 am (IST), Asian markets were trading weak. Hong Kong's Hang Seng shed 0.64% or 148.79 points at 23,015.24. Singapore's Straits Times fell 0.58% or 18.20 points at 3,132.36. South Korea's Seoul Composite declined 0.53% or 10.86 points at 2,034.72. Taiwan's Taiwan Weighted slipped 1.35% or 121.58 points at 8,885.24.
F&O cues: Total Nifty futures down Rs 1451 crore and Options up Rs 990 crore.
Market cues: MFs net sell Rs 19.6 crore in the cash market on Feb 07.
We believe the current market conditions present a good opportunity to buy some decent Indian stocks, says Aditya Narain of Citi.
US crude futures ended slightly lower to settle below USD 87, after a volatile session and pressure from the government's weekly oil inventory report showing crude and products stockpiles had risen last week. It is trading at USD 86.83 per barrel.
Indian ADRs ended in red on Wednesday. In the IT space, Infosys was down 1.41% at $ 68.01, Wipro was down 1.31% at $ 12.83 and Patni Computers was down 0.64% at $ 20.18.
The market correction is well underway with the Sensex down 13% YTD. The near-term outlook is weighed down by five factors, but most of these headwinds are tactical in nature, says N Krishnan of CLSA.
In the US markets, stocks pared their losses in the final minutes of trading to end mixed after pulling back modestly as energy and materials stocks weighed heavily on the markets.
The Dow Jones ended up 7 points at 12,240. However, the Nasdaq Composite was down 8 points at 2,789 and the S&P 500 Index fell 4 points at 1,321.
GMDC has reported a net profit of Rs 101 crore for the quarter ended December 2010, up 41.8% as compared to Rs 71.2 crore in same quarter the previous year.
ILandFS Transportation Networks has reported a consolidated net profit of Rs 61.6 crore, down 43% as compared to Rs 107.5 crore in previous quarter.
UB Holdings has reported a net profit of Rs 8.8 crore for the quarter ended December 2010 as against Rs 84 crore in same quarter the previous year, which included (Q3FY10) extraordinary gain of Rs 95.1 crore
Tecpro Systems has reported a profit after tax (PAT) of Rs 19.9 crore for the quarter ended December 2010, up 70% as compared to Rs 11.7 crore in same period the previous year.
