A huge explosion hit another reactor at an earthquake-damaged Japanese nuclear power plant early today, the third blast since Saturday, the plant operator said.
The economic damage wrought on Japan by its devastating earthquake and tsunami is likely only to shave a sliver off global growth, but it could mean increased inflationary pressures for a longer period.
Japanese shares slumped more than 6% for a second day on Tuesday, dragging down most other Asian markets as a fresh explosion rocked a stricken nuclear plant in the country's northeast.
According to a report by Angel Broking, if Nifty trades below 5501 levels for the first half-an-hour of trade then it may correct up to 5465-5398 levels.
Central Bank of India | JSW Steel | Dhanlaxmi Bank | IL&FS Engineering | Shriram Transport | SAIL | Kingfisher | HEG | Chambal Fertiliser | Nalco | ONGC and Suzlon are stocks, which are in the news today.
Ganesha advises you strictly abstain from intraday trading during this week. You may observe a third class pattern every day of the week.
Crude witnessed steady trade as investors expected demand from quake-ravaged Japan to rise. Japan may hike crude demand to cover for shut refineries.
Nifty Open Interest PCR was up at 1.34 versus 1.28. Nifty 5400 Put added 12.8 lakh shares in OI while Nifty 5900 Call added 6.2 lakh (13%) shares in OI.
The coming session is likely to witness a resistance at the 5600 levels on advances. Support is likely at the 5470 below which the 5385 levels maybe seen.
The support for the Nifty is at 5470 and resistance at 5620.
The world's biggest gas exporters will benefit from Japan's increased need for liquefied natural gas (LNG), but the global gas glut that has weighed them down over recent years is unlikely to shrink significantly.
A disgraced former McKinsey & Co partner testified that hedge fund manager Raj Rajaratnam paid him a USD 1 million "bonus" for tipping him about an acquisition by chip-maker Advanced Micro Devices Inc, a client of the consulting firm.
Japan's devastating earthquake and tsunami may accelerate the point at which investors potentially lose confidence in the country's finances, Moody's Investors Service said on Monday.
Increasing inflation may be a risk for investors in India, but that market's sentiment-driven volatility can throw up cheap long-term investments for JPMorgan Emerging Markets Equity Fund, which is "overweight" on the world's largest democracy.
Fallen dictatorships in Egypt and Tunisia have opened up investment opportunities once seen by companies as only available to the politically connected, a top official from the World Bank's political risk insurance arm said on Monday.
Royal Dutch Shell will update investors on Tuesday on its exploration and production pipeline as continuing political unrest in the Arab world clouds the short-term outlook in the oil market.
The monthly inflation numbers came in much higher than expected at 8.31%. What is worse is that the non-food manufacturing inflation or core inflation also went up about 6%m, says Sandeep Bagla, ICICI Sec Primary Dealership.
Broadly the rupee is likely to continue to consolidate in a range. 45/$ is the key level to watch, but the rupee still may not have firm impetus to pierce and sustain sub-45/$. The range for the rupee over the next couple of days is seen between 44.95-45.20/$, says Vikram Nanivadekar, Verity Analytics
Warner Bros film studio on Monday said it has taken afterlife movie "Hereafter" out of Japanese theaters and postponed the release of "The Rite" in that country following last week's devastating earthquake.
The recent inflation data suggests a cautious near-term stance on the markets, says Parul Saini of RBS.
F&O cues: Total Futures Open Int up Rs 803 crore and Total Options Open Int up Rs 3396 crore.
Market cues: FIIs net sell USD 47.8 million in the cash market on March 11.
The US markets recovered from day's low. Fresh third explosion reported in Japan on Tuesday morning makes global markets jittery.
At 7: 48 am (IST), Asian markets were trading weak. China's Shanghai Composite shed 1.07% or 31.32 points at 2,906.31. Hong Kong's Hang Seng fell 1.68% or 391.89 points at 22,953.99. Japan's Nikkei plunged 6.40% or 615.43 points at 9,005.06. Singapore's Straits Times declined 1.82% or 55.10 points at 2,975.76.
Indian ADRs ended mostly higher. In the IT space, Infosys was up 0.41% at $67.83, Wipro was up 1.03% at $13.7, while Patni was down 0.2% at $19.85.