Better trades for the day - Dec 16 2011

Global Cues:

The European shares rose in thin volume on Thursday (December 15, 2011) as technical factors pointed to oversold levels, while a Spanish bond auction produced good demand and U.S. data helped improve sentiment on the global economy.

The US stocks gained on Thursday, snapping a three-day losing streak, after investors took heart from stronger US economic data, but finished off session highs after another warning about Europe's sovereign-debt crisis.

The Asian indices edged up on Friday (December 16, 2011), as signs of strength in the US economy temporarily broke through gloom over the European debt crisis that had driven a sell-off in riskier assets over the past three days. SGX Nifty was trading 4 points lower.



Commodity cues

US Crude Oil fell a second straight day on Thursday in light volume trading, giving up early gains as investors remained cautious about prospects for economic growth in Europe and China.


Headlines for the day:

Advance tax mop-up jumps 10%; TCS outgo more than doubles

Crunch time for firms as debts come due

KG-D6 row: RIL requests oil secy to resolve all issues

R-Cap in talks to buy majority stake in Bloomberg UTV

IOC cuts domestic jet fuel prices by Rs920/kl

JSW Energy ups stake in S African coal firm

RBI reduces net open position limits for dealers in FX mkt

Oil companies reduce ATF price by 1.3%

Kingfisher to cut flights to Himachal