Market cues: FIIs net buy $112.4 mn in equities on Sep 1
September 3rd, 2010 by admin
Market cues: FIIs were net buyers of USD 112.4 million in equities on September 1.
Asian markets trading firm; Hang Seng, Nikkei up
September 3rd, 2010 by admin
At 7: 48 am (IST), Asian markets were trading firm. Hong Kong\’s Hang Seng was up 0.13% or 27.18 points at 20,896.10. Japan\’s Nikkei added 0.38% or 34.69 points at 9,097.53. Singapore\’s Straits Times was flat at 2,988.29. Taiwan\’s Taiwan Weighted gained 1.08% or 83.55 points at 7,804.37.
FO cues: Futures Open Int up Rs 1711cr
September 3rd, 2010 by admin
FO cues: Futures Open Int up by Rs 1711 crore and Options Open Int up by Rs 3292 crore
Wall St ends with moderate gains ahead of jobs reports
September 3rd, 2010 by admin
In the US, another broadbased buying effort sent stocks through key resistance levels. For today the US August jobs reports is the key macro data that the market would be watching out for. The nonfarm payrolls is expected to drop 80,000 in August as compared to a 1.31 lakh decline in July.
Power cos fail to meet MERC’s target of renewable energy
September 3rd, 2010 by admin
Companies distributing power in Maharashtra are in a fix. The Maharashtra Electricity Regulatory Commission (MERC) has stipulated that 6% of total power procurement by distributors to be renewable power. But companies are unable to meet these targets because of a supply crunch.
PDS overhaul: Govt to include more families into BPL
September 3rd, 2010 by admin
The Centre has decided to restructure the public distribution system (PDS) to include more families into the below poverty line (BPL) bracket, reports CNBCTV18.
Cibil’s new system to help borrowers to address grievance
September 3rd, 2010 by admin
Cibil is finally responding to the many complaints by borrowers that its credit information system is faulty. The credit bureau is working on a new system where in borrowers can flag off errors in their credit history and require a written explanation or correction from the banks, reports CNBCTV18’s Vidhi Godiawala.
Future Group to launch own FMCG distribution network
September 3rd, 2010 by admin
Future Supply Chain Solutions, the logistics arms of Future Group, is now establishing its own FMCG distribution network for modern trade, reports CNBCTV18.
Nifty spent time consolidating yesterday\’s gains
September 3rd, 2010 by admin
The day was a rangebound one, nothing wrong with that. We have had a terrific pullback from 5350. So today the market spent time consolidating and digesting those gains.
Will Direct Tax Code burden IT companies?
September 3rd, 2010 by admin
The implementation of the Direc Tax Code may have an impact on Indian IT companies. Analysts say IT firms with maximum special economic zone (SEZ) exposure will see the largest impact, reports CNBCTV18’s Kritika Saxena.