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Tuesday, July 20, 2010

Share Bazaar Review and Tips


Indian Market:

Nifty has continued its consolidation for fifth consecutive day and closed flat with negative bias on Monday. FMCG, realty, auto, private power and capital good.

Tata Steel Ltd., , began talks with lenders including Citigroup Inc. to refinance as much as 3.5 billion pounds ($5.4 billion) in loans for its U.K. unit.

Sun Pharmaceutical said a U.S. court had denied its motion to reverse a jury verdict of infringement against the Indian firm on Pfizer's Protonix acid reflux drug patent that the jury.



Global Cues:

Asian stock markets fell on Monday, 19 July 2010, in the wake of a Friday sell-off on Wall Street triggered by weak economic data. The key benchmark indices in Hong Kong, Taiwan, Indonesia and South Korea were down by 0.07% to 0.94%. But, China's Shanghai Composite rose 0.25%.

US stocks on Friday, 16 July 2010, driving down major indexes more than 2%. General Electric Co, Bank of America Corp and Citigroup Inc joined the list of major companies that beat Wall Street's expectations, but investors unloaded some shares of all three after the companies reported a drop in quarterly revenues. The Dow Jones Industrial Average dropped 261.41 points, or 2.52% to 10,097.90.

European borrowers are selling more of their bonds in dollars than at any time since the euro's record low in 2000 as issuers lose faith in the common currency.

1 comments:

Unknown said...

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