14-07-2011- Moody's warns of US rating cut, Global markets turn south

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US stock index futures and the US dollar fell Wednesday evening after a ratings agency warned that it may cut its rating on US government debt.

News Bytes

* Allahabad Bank to take MTN route to raise $500 mn

* Gold surges to 10 week high, regains 23K level

* NIIT Tech forms JV with US firm

* DLF arm paid Rs 153 cr to settle dispute

* RCom-Digicable deal under govt lens

* Repro India Ltd set to buy Macmillan BPO
News Bytes

* Allahabad Bank to take MTN route to raise $500 mn

* Gold surges to 10 week high, regains 23K level

* NIIT Tech forms JV with US firm

* DLF arm paid Rs 153 cr to settle dispute

* RCom-Digicable deal under govt lens

* Repro India Ltd set to buy Macmillan BPO

Markets : Nifty likely to correct again

Mumbai blasts might not have a bigger role to play in today's correction as global markets are back to losing streak.

Terror attacks have been part and parcel of Indian life and business will be least impacted. We advice investors to start accumulating good quality stocks on every downside.

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