Better trades for the day - Dec 9 2011

Global Cues:

The European stocks fell in volatile trading on Thursday (December 08, 2011), tracking moves by the ECB and comments by politicians ahead of a crucial EU summit called to prevent a collapse of the eurozone.

The Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial 'bazooka' to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.

The Asian indices dropped on Friday (December 09, 2011) after global shares slumped as steps from the European Central Bank disappointed some investors. SGX Nifty was trading 55 points down, indicating a negative opening for the Indian markets.

Headlines for the day

SBI floats joint tender for installing 40000 ATMs

DLF eyes three big-ticket sales in 2012

AI, Kingfisher accounts frozen over service tax non-payment

Dish TV tapping investors for Rs 1,000-cr fund

Hindalco to launch branded doors, windows in January

IPO mop-up plunges 89% to $1.14bn in Jan-Nov

Syndicate Bank shortlists 4 for life insurance venture

Commodity cues

US Crude oil fell on Thursday as disappointing comments from the head of the European Central Bank increased doubts among investors that the region's debt crisis will be contained.