Indian Market:
Nifty has crossed 5950 level as well and was likely to close above 5900 level for the first time since January 17, 2008.
Deutsche Bank and its asset management unit, which are lenders to Vishal Retail, have reportedly received a stay order from the Delhi High Court to the retailer's plan to sell business to Chennai-based Shriram Group and Texas Pacific Group for Rs 100 crore.
Reliance Infrastructure Ltd., controlled by billionaire Anil Ambani, approached lenders to borrow 70 billion rupees ($1.5 billion) via a syndicated loan.
Global Cues:
Asian stocks were trading mixed Monday, 20 September 2010 in light trading. The key benchmark indices in Hong Kong, China, Singapore, and Taiwan rose by between 0.01% to 0.30%. However indices in Indonesia and South Korea declined 0.40% and 0.28% respectively. Japanese markets are closed today for a holiday.
Nifty has crossed 5950 level as well and was likely to close above 5900 level for the first time since January 17, 2008.
Deutsche Bank and its asset management unit, which are lenders to Vishal Retail, have reportedly received a stay order from the Delhi High Court to the retailer's plan to sell business to Chennai-based Shriram Group and Texas Pacific Group for Rs 100 crore.
Reliance Infrastructure Ltd., controlled by billionaire Anil Ambani, approached lenders to borrow 70 billion rupees ($1.5 billion) via a syndicated loan.
Global Cues:
Asian stocks were trading mixed Monday, 20 September 2010 in light trading. The key benchmark indices in Hong Kong, China, Singapore, and Taiwan rose by between 0.01% to 0.30%. However indices in Indonesia and South Korea declined 0.40% and 0.28% respectively. Japanese markets are closed today for a holiday.
U.S. stock-index futures rose, with the Standard & Poor's 500 Index poised to extend a three-week rally, as Ireland quelled concern that it will need financial aid from the European Union.
The Yuan scored its biggest eight-day gain since January 2008 by Monday as the central bank fixed its mid-point at another post-revaluation high following intense U.S.-led political pressure.
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