Indian Market:
Equity benchmarks strengthened in last couple of hours after a consolidation as well as sell-off since previous week - the benchmark Nifty closed above 6100 level on Monday and the Sensex added more than 150 points, led by buying in financial, technology, FMCG and metal companies' shares.
The food price index rose 12.30%, while the fuel price index climbed 10.67% in the year to 30 October 2010, government data on Thursday,. In the prior week, annual food and fuel inflation stood at 12.85% and 10.67%, respectively. The primary articles price index was up 14.87% in the latest week compared with an annual rise of 15.43% a week earlier.
In the face of a currency war between US and China, global leaders including India's prime minister Manmohan Singh on Friday, 12 November 2010 agreed to refrain from "competitive devaluation" and bring in exchange rate flexibility to ensure that no country gets undue advantage.
Global Cues:
Asian markets edged lower after a firm start on Monday, 15 November 2010. The key benchmark indices in China, Indonesia, South Korea, Taiwan and Singapore fell by between 0.01% to 1.1%. Hong Kong's Hang Seng rose 0.8%.
U.S. stocks are returning more than junk bonds after trailing them for a decade, valuations have fallen to a record low compared with credit -- and investors are pulling more money than ever out of equity funds.
General Electric Co.'s move to buy as many as 25,000 rechargeable cars, almost half of them from General Motors Co., may herald more purchases of electric vehicles for corporate fleets.
Equity benchmarks strengthened in last couple of hours after a consolidation as well as sell-off since previous week - the benchmark Nifty closed above 6100 level on Monday and the Sensex added more than 150 points, led by buying in financial, technology, FMCG and metal companies' shares.
The food price index rose 12.30%, while the fuel price index climbed 10.67% in the year to 30 October 2010, government data on Thursday,. In the prior week, annual food and fuel inflation stood at 12.85% and 10.67%, respectively. The primary articles price index was up 14.87% in the latest week compared with an annual rise of 15.43% a week earlier.
In the face of a currency war between US and China, global leaders including India's prime minister Manmohan Singh on Friday, 12 November 2010 agreed to refrain from "competitive devaluation" and bring in exchange rate flexibility to ensure that no country gets undue advantage.
Global Cues:
Asian markets edged lower after a firm start on Monday, 15 November 2010. The key benchmark indices in China, Indonesia, South Korea, Taiwan and Singapore fell by between 0.01% to 1.1%. Hong Kong's Hang Seng rose 0.8%.
U.S. stocks are returning more than junk bonds after trailing them for a decade, valuations have fallen to a record low compared with credit -- and investors are pulling more money than ever out of equity funds.
General Electric Co.'s move to buy as many as 25,000 rechargeable cars, almost half of them from General Motors Co., may herald more purchases of electric vehicles for corporate fleets.
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