Indian Market:
The benchmark Nifty shut shop below the 5800 - a psychologically important level - on settlement day for November. Shorts build up and lingering effect of housing finance scam could be the reason behind today's sell-off. Indices closed at two months low, dragged down by realty, metal, capital goods, oil & gas, power, FMCG and ADAG companies' shares.
India's food price index rose 10.15%, while the fuel price index climbed 10.57% in the year to November 13, government data on Thursday showed.
Follow-on public offering' shares of the country's largest electricity transmission utility Power Grid Corporation of India listed on the exchanges on Thursday.The company plans to add 40,000 megawatts in the next two years.
Global Cues:
Asian markets edged higher today, 25 November 2010, on reports showing improved US employment and consumer sentiment and on higher commodity prices. The key benchmark indices in Singapore, China, Japan, Hong Kong, Indonesia, Taiwan rose between 0.36% to 1.10%. But, South Korea's Seoul Composite index slipped 0.12%.
US stocks surged on Wednesday, 24 November 2010 as the latest economic data painted an improving picture of the economy. The Dow Jones Industrial Average soared 150.91 points, or 1.37%, to 11,187.28. The Standard & Poor's 500-stock index gained 17.62 points, or 1.49%, to 1198.35.
Ireland's government will face the first real backlash from a vicious set of austerity measures when voters head to the polls in the northwestern county of Donegal on Thursday.
The benchmark Nifty shut shop below the 5800 - a psychologically important level - on settlement day for November. Shorts build up and lingering effect of housing finance scam could be the reason behind today's sell-off. Indices closed at two months low, dragged down by realty, metal, capital goods, oil & gas, power, FMCG and ADAG companies' shares.
India's food price index rose 10.15%, while the fuel price index climbed 10.57% in the year to November 13, government data on Thursday showed.
Follow-on public offering' shares of the country's largest electricity transmission utility Power Grid Corporation of India listed on the exchanges on Thursday.The company plans to add 40,000 megawatts in the next two years.
Global Cues:
Asian markets edged higher today, 25 November 2010, on reports showing improved US employment and consumer sentiment and on higher commodity prices. The key benchmark indices in Singapore, China, Japan, Hong Kong, Indonesia, Taiwan rose between 0.36% to 1.10%. But, South Korea's Seoul Composite index slipped 0.12%.
US stocks surged on Wednesday, 24 November 2010 as the latest economic data painted an improving picture of the economy. The Dow Jones Industrial Average soared 150.91 points, or 1.37%, to 11,187.28. The Standard & Poor's 500-stock index gained 17.62 points, or 1.49%, to 1198.35.
Ireland's government will face the first real backlash from a vicious set of austerity measures when voters head to the polls in the northwestern county of Donegal on Thursday.
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