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Friday, April 08, 2011

Daily News Roundup - Apr 8 2011

Infosys, AP Government have locked horns over SEZ land near Hyderabad. (ET)

Cairn Energy extend Vedanta deal deadline to May 20. (ET)

RCF, Coal India and GAIL will together spend Rs75bn to build coal gasification facility. (ET)

SAIL FPO to hit market by May-end. (BS)

BHEL’s Haridwar unit reported a record turnover of Rs42.4bn. (BL)

Sensex closes steady...Small-Caps, Mid-Caps dazzle

BSE Sensex ended at 19,591 marginally losing 21 points. While, Nifty ended slightly lower by 6 points at 5,886.

The key Indian equity indices ended almost unchanged on Thursday with the NSE Nifty failing to close above 5900 for the second consecutive trading session amid continued profit taking by traders. The Large-Cap stocks were unable to find any definite direction throughout the day on a low volume day, notwithstanding moderation in food inflation. High crude oil prices, eurozone debt worries and growing speculation of a rate hike by the ECB dampened the sentiment.

Slow down, weekend ahead!

Slow down and enjoy life. It's not only the scenery you miss by going too fast - you also miss the sense of where you are going and why. - Eddie Cantor.

After sprinting in recent times, the indices seem to be embracing a range-bound zone. Nature’s fury continues on Japan as a powerful aftershock hit northeast Japan last night. Stocks in Japan and other Asian markets have shrugged off the latest bad news emanating from Japan as there has been no major damage.

Market may extend last three days losses

The market may open slightly lower extending last three days losses if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate a fall of 5 points at the opening bell. The oil prices at 2-1/2-year highs sparked inflation and interest rates worries. Asian stocks were firm.

India imports majority of its crude oil requirements and a surge in crude oil prices over the past few months has sparked inflation and interest rates worries. The Reserve Bank of India (RBI) is seen raising key short term policy rates by 25 basis points at its annual 2011-2012 monetary policy review on 3 May 2011.

SGX Nifty Live Update - Apr 8 2011

5,897.00 -5.00