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Monday, April 11, 2011
Market may extend recent losses
The market may extend three days losses as higher crude oil prices sparked inflation and interest rate concerns. Most Asian stocks were in the red. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 21 points at the opening bell.
High global commodity prices will add to pressure on profit margins of Indian firms caused by rising salaries and higher interest rates. Prices of aluminum and copper are seen rising further as Japan rebuilds after last month's massive quake and tsunami.
Flat start likely; IIP data in focus
Headlines for the day:
Govt eases rules for bank top jobs
BHEL firms up JV with BEL for solar PV plant
Tatas bag record deal to modernise Air force bases
Daily News Roundup - Apr 11 2011
BHEL firms up JV with BEL for solar PV plant. (BS)
BHEL-Bangalore unit to up capacity to 20,000MW in FY12. (BS)
RIL, NTPC head for another faceoff as RIL is insisting on a more relaxed contract for committing more gas to NTPC. (BS)
Tata Steel will hold its board meeting today to consider a proposal to restructure Centennial Steel Company, a wholly owned subsidiary. (BL)
Seeking a change!
Only I can change my life. No one can do it for me. - Carol Burnett
The wave of Anna Hazare has swept the nation like never before in recent years. The public have finally found a rallying point against corruption and are seeking an overall change. Lets see how long this fervor lasts.
Sensex falls for 3rd day…Nifty below 5850
The Indian market extended its losing streak to the third straight trading session on Friday, ending the week with marginal gains. Today’s fall was gradual with the key indices constantly under pressure after opening at day’s high. The decline was led by Realty, Auto, Consumer Durables and PSU stocks. Even the Mid-Cap and the Small-Cap stocks were under pressure after outperforming the benchmark indices for the past three days.
Record close for precious metals
Silver touches $40 mark for first time in three decades
Precious metal prices glittered and registered new record on Friday, April 2011 at Comex. Fears of inflation stemming from higher crude oil prices coupled with a weak dollar pushed up prices higher. Yellow metal once again touched record high while silver surpassed the $40 mark for the first time in three decades. Gold ended higher for fourth straight day. For silver, it was the fifth day of straight gains.
Crude takes a big leap
Supply concerns, weak dollar and mid east crisis take prices higher
Oil prices soared on Friday, 08 April 2011 at Nymex. Prices shot up as crisis in the Middle East and North Africa continued and also as the dollar turned substantially weak. A fire at an oilfield in Libya added to concerns about supplies.
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