Indian Market:
Equity benchmarks bounced back on Monday after witnessing a sell-off in the previous session on Friday. The support was led by financial ,cement, auto, healthcare and select metal companies.
NTPC executed an MoU with Government of Madhya Pradesh and MP Power Trading Company (MP Tradeco) on 22 October 2010, for setting up a 3,960 megawatts (MW) (6x660 MW) coal based thermal power project in Madhya Pradesh for the benefit of the Bundelkhand region.
India's trade deficit sharply narrowed in September to a six-month low, figures released by the trade secretary on Monday showed, but experts cautioned against reading too much into the data.
Global Cues:
Asian stocks edged higher on Monday after global finance leaders vowed at a weekend meeting to avoid potentially debilitating currency devaluations. The key benchmark indices in China, Hong Kong, Indonesia, Singapore, South Korea and Taiwan rose by between 0.19% to 1.23%. But, Japan's Nikkei Average fell 0.29%.
U.S. stock-index futures rose and the dollar fell as the Group of 20's pledge to avoid competitive devaluation added to speculation that the Federal Reserve will announce further bond purchases next week.
Japan's exports grew at their slowest pace this year in September 2010, hit by cooling foreign demand and a strong yen. Exports climbed 14.4% from a year earlier to 5.8 trillion yen ($72 billion), the Ministry of Finance said Monday.
0 comments:
Post a Comment