Indian Market:
Equity benchmarks closed with marginal losses, pulled down by oil & gas, private financial, pharma, power, cement, metal and select telecom companies' shares. Overall it was another consolidation day for the markets; it was positive in the first half of trade while slipped into red in last one hour of trade but with mild losses.
Indian Hotels Co Ltd, owner of the Taj luxury chain still needs to improve its margins, Chairman Ratan Tata said.
Inflation in the food articles group stood at 9.53% in the week ended July 24 as against 9.67% in the previous week. Inflation in this group was at 14.58% in the week ended Jul. 25, 2009. The WPI for food articles group declined by 0.2% to 298.7
Global Cues:
Equity benchmarks closed with marginal losses, pulled down by oil & gas, private financial, pharma, power, cement, metal and select telecom companies' shares. Overall it was another consolidation day for the markets; it was positive in the first half of trade while slipped into red in last one hour of trade but with mild losses.
Indian Hotels Co Ltd, owner of the Taj luxury chain still needs to improve its margins, Chairman Ratan Tata said.
Inflation in the food articles group stood at 9.53% in the week ended July 24 as against 9.67% in the previous week. Inflation in this group was at 14.58% in the week ended Jul. 25, 2009. The WPI for food articles group declined by 0.2% to 298.7
Global Cues:
Asian stocks rose towards a three-month highs on Thursday, 5 August 2010, led by Japanese equities after Toyota Motor Corp. boosted its annual profit forecast and US services sector output unexpectedly climbed. The key indices in Hong Kong, Indonesia Singapore, Japan, and Taiwan were up by 0.14% to 1.26%
US stocks rose in thin trade on Wednesday, 4 August 2010, as retailers' earnings and a report showing a slight improvement in private employment boosted optimism ahead of Friday's influential non-farm payrolls report. Data from the Institute for Supply Management showed the services sector grew at a faster pace than expected in July.
China's moves to free up its gold market open the way for foreign players and local banks to tap growing demand for the precious metal, offering citizens a more attractive investment and promising to boost the country's clout over global prices.
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