India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Tuesday, November 02, 2010
Monday, November 01, 2010
Muhurat Trading Session - Samvat 2067 - Nov 5 2010
China effect pushes Asia higher
Dollar slides, commodity prices soar on the first session of the week
Asian markets ended mostly higher today as the global risk appetite stayed strong amid falling US dollar and strong commodity prices. Investors eyed the strong pick up in China's purchasing managers' index and looked ahead for possible new monetary stimulus from the U.S. Federal Reserve, which would keep the global liquidity conditions easy. The Fed is expected to unveil a new round of bond purchases, also known as quantitative easing, at this week's policy-setting meeting on November 2-3 to bolster the economy. The US Stocks were little changed in the last session. Dow rose 4.54 points to 11,118.49 After the US Commerce Department said that gross domestic product increased at an anemic annual rate of 2.0% in the third quarter following the 1.7% growth that was seen in the second quarter.
Banking stocks on a roll ahead of RBI policy meet
The key benchmark indices started the week and the month on a buoyant note logging strong gains as latest data showing surge in manufacturing activity in October 2010, good Q2 September 2010 results, and firm global stocks boosted investor sentiments. The BSE 30-share Sensex jumped 323.29 points or 1.51%.
Subscribe to:
Posts (Atom)