Asia markets rose modestly in early trading Wednesday after Chinese GDP rose above expectations, with investors shrugging off Europe’s worsening debt crisis as financial stocks mostly gained.
News Bytes
* HCL may buy out stake in DLF insurance company
* PEs in talks to buy 20 per cent stake in Jasper
* MSatyam may have to pay taxes from Raju days
* RIL denies CAG charges
* Kotak Bank hikes base rate to 9.5%
* Bharti may list tower unit, raise $1 bn
* JSW Energy's promoter pledges 8.78% stake
* 25-50 bps rate hike likely: HDFC Bank
* Reliance MediaWorks in pact with Digital Domain
Markets Today : Minor bounce likely
After getting hit for the last three sessions Indian markets might see a minor bounce. We are still not bearish despite of a 200 point loss on Nifty in the last three sessions. Italian crisis added more fuel to bearish newsflow. Expecting excellent Q1 might not be the right strategy. India Inc might have to bear the brunt of higher interest rates and higher raw material costs.
We believe Markets are likely to spike up sharply once Mr.Subba Rao hits at softening of stand in the policy meet.
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