Ben

Though Bernanke has been clear that the asset purchases will unwind well in advance of an increase in interest rates, the market hasn't listened.

A 'dove-nado' of Fed speak could be more powerful than QE

The Fed economists pointed to QE2, a USD 600 billion large scale asset-purchase program, noting it added about 0.13 percentage points to real growth in late 2010 and 0.03 percentage points to inflation.

BSE Sensex, Nifty quiet; ONGC, BHEL, Hindalco gainers

It is a flat day at the market as the Nifty is struggling below the 5900-level. The Nifty is up 5.60 points at 5978.90 while the Sensex is up 22.02 points at 19970.75. About 895 shares have advanced, 1130 shares declined, and 141 shares are unchanged.

Greece may get next tranche of bailout: StanChart

Sarah Hewin, Regional head of research, Standard Chartered, says that there are chances that the Greek authorities will achieve the target of 30 billion euros of debt buyback set by themselves and hopefully they may get next tranche of bailout from the EU Council.

FM meets Geithner, Bernake to strengthen Indo-US ties

Finance minister P Chidambaram today met US treasury secretary Timothy Geithner and US fed chief Ben Bernake in Delhi for the third round of US-India economic and financial partnership summit.

Gold steady near six-month highs

Gold steadied around its highest level in nearly six months on Tuesday, boosted by the prospect of further liquidity injections from the US Federal Reserve, which kept the dollar near two-month lows versus the euro.