Indian Market:
Equity benchmarks snapped four days winning streak on the back of profit booking and closed below their psychological levels, as they looked overbought. The Nifty was very strong since the opening trade today following strong US and Asian cues but profit booking & weak European cues in last half an hour of trade dragged it lower.
Coal India Ltd., the world's largest producer, plans to invest in its first port terminal to handle imports to help meet increasing demand for the fuel, a company official said
India's government and two states plan to sell 20 percent of Manganese Ore (India) Ltd., the nation's largest producer of the ore, a government official with direct knowledge of the matter said.
Global Cues:
Asia's stock markets climbed on Wednesday, 14 July 2010, as better-than-expected results from US chip maker Intel injected life into Asian technology shares. The key benchmark indices in China, Indonesia, Singapore, Japan, Hong Kong, Taiwan and South Korea rose by between 0.67% to 2.83%.
Singapore's economy expanded at a 26% annual pace in the second quarter after a record surge the previous three months, spurring the nation's currency and adding to evidence of Asia's resilience to the European crisis.
Singapore's growth for the first quarter was revised to 45.9%, the fastest since records began in 1975, the trade ministry said today
Equity benchmarks snapped four days winning streak on the back of profit booking and closed below their psychological levels, as they looked overbought. The Nifty was very strong since the opening trade today following strong US and Asian cues but profit booking & weak European cues in last half an hour of trade dragged it lower.
Coal India Ltd., the world's largest producer, plans to invest in its first port terminal to handle imports to help meet increasing demand for the fuel, a company official said
India's government and two states plan to sell 20 percent of Manganese Ore (India) Ltd., the nation's largest producer of the ore, a government official with direct knowledge of the matter said.
Global Cues:
Asia's stock markets climbed on Wednesday, 14 July 2010, as better-than-expected results from US chip maker Intel injected life into Asian technology shares. The key benchmark indices in China, Indonesia, Singapore, Japan, Hong Kong, Taiwan and South Korea rose by between 0.67% to 2.83%.
Singapore's economy expanded at a 26% annual pace in the second quarter after a record surge the previous three months, spurring the nation's currency and adding to evidence of Asia's resilience to the European crisis.
Singapore's growth for the first quarter was revised to 45.9%, the fastest since records began in 1975, the trade ministry said today
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