Saturday, November 06, 2010
U.S. equity markets closed slightly higher after trading in a tight range on Friday, 5 November 2010, extending gains for fifth day in row, supported by pleasant employment number, although gains were limited as many of the investors taking breather a day after surging to two-year highs even as better than expected U.S. jobs report.
This is Samavat 2067. Udayan Mukherjee, Managing Editor of CNBC-TV18 caught lucky mascot of the Indian bull markets Rakesh Jhunjhunwala reminiscing about the past year. Jhunjhunwala also shared his thoughts on what he expects the next year to be like.
Some key September 2010 results and economic data are in focus next week. The market will also eye announcements during US President Barack Obama's three-day India visit from Saturday, 6 November 2010 to Monday, 8 November 2010.
Street witnessed a festive boost last week. The market surged on US Federal Reserve's decision to buy $600 billion in government bonds to stimulate the US economy, robust corporate earnings and on sustained buying by foreign funds.