Hong Kong stocks rebounded Thursday, with several Chinese banks fueled by hopes that the People's Bank of China's interest rate hike Thursday may well be its last this year.
News Bytes
* Oil Ministry backs BP's stake buy in Reliance Industries Limited
* Tata Steel records highest quarterly production at 17.94 LT
* GMR Airports Holdings gets Rs 585 cr from clutch of investors
* Jagran Media acquires 5.7% stake in Jagran Prakashan
* Lupin's US arm gets FDA nod for hypertension drug
* Essar group is involved in 2G scam, CBI tells court
* Mukesh Ambani to sell gas pipeline biz
* Moser Baer launches new USB Drive models
Markets - Decisive move soon
Global markets are on a strong turf as chinese rate hike is taken in a stride. Asian markets are trading in the green. Indian markets are taking a breather before the upmove. While re-testing of 5575 levels on Nifty is not ruled out, we expect this month to again surprise bears with sharp upmove. Quarterly numbers are keenly watched out for and at the same time markets are already discounting dip in profits on series of rate hikes.
Realty and Infra stocks will be favoured in the coming months while IT is likely to initiate the second leg of rally.
1]How to Close and Delete Google Account, Gmail, Talk, Orkut, Web History and Other Google Services.
2]HOW TO: Undo “Send” in Gmail ?
No comments:
Post a Comment