Indian Market:
Equity benchmarks closed another session on a strong note - the 50-share NSE Nifty held 5950 level at close on Wednesday by rising 98 points. Indices consistently maintained their uptrend this week. Buying nearly in all sectors and positive global cues were the supportive factors for today's rally.
Bharat Heavy Electricals (Bhel) has bagged an order worth Rs 3700 crore to supply the country's first super critical 700-megawatts coal fired unit of Karnataka Power Corporation (KPCL) for its thermal power station (TPS) at Bellary.
Coal India, the world's largest coal miner, is looking at buying over 10 percent in an asset of Australia's Peabody and has ample funds for overseas acquisitions.
Equity benchmarks closed another session on a strong note - the 50-share NSE Nifty held 5950 level at close on Wednesday by rising 98 points. Indices consistently maintained their uptrend this week. Buying nearly in all sectors and positive global cues were the supportive factors for today's rally.
Bharat Heavy Electricals (Bhel) has bagged an order worth Rs 3700 crore to supply the country's first super critical 700-megawatts coal fired unit of Karnataka Power Corporation (KPCL) for its thermal power station (TPS) at Bellary.
Coal India, the world's largest coal miner, is looking at buying over 10 percent in an asset of Australia's Peabody and has ample funds for overseas acquisitions.
Click Here For Tomorrow's 02nd Dec. 2010 Share Market Tips
Global Cues:
Asian stocks fell on Wednesday, 1 December 2010, as an overnight fall on Wall Street, worries over European debt troubles and geopolitical tensions on the Korean peninsula weighed on sentiment. The key benchmark indices in Singapore , China, Hong Kong, Taiwan fell between 0.04% to 0.29%. The key benchmark indices in South Korea, Japan and Indonesia rose between 0.42% to 1.09%.
European stocks climbed for the first time in four days, rebounding from an eight-week low, as Chinese manufacturing expanded for a fourth straight month. U.S. index futures and Asian shares gained.
The euro zone's debt crisis deepened, with investors pushing the single currency lower and the spreads on peripheral bonds to new highs amid concern weak member states may ultimately be forced to default.
Asian stocks fell on Wednesday, 1 December 2010, as an overnight fall on Wall Street, worries over European debt troubles and geopolitical tensions on the Korean peninsula weighed on sentiment. The key benchmark indices in Singapore , China, Hong Kong, Taiwan fell between 0.04% to 0.29%. The key benchmark indices in South Korea, Japan and Indonesia rose between 0.42% to 1.09%.
European stocks climbed for the first time in four days, rebounding from an eight-week low, as Chinese manufacturing expanded for a fourth straight month. U.S. index futures and Asian shares gained.
The euro zone's debt crisis deepened, with investors pushing the single currency lower and the spreads on peripheral bonds to new highs amid concern weak member states may ultimately be forced to default.
0 comments:
Post a Comment