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1999 |
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U.S. Stock Movers
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| RBI in India in a surprise Rate Hike, Bharti Up |
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| 11:17 AM ET March 19 2010 |
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Reserve Bank of India raised its key lending rate by 25 basis points to cool the inflation that has been inching close to 18% and hovering near 16-month high. Bajaj Auto revs its plan to launch a small car to meet the growing demand. |
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| Lower Inflation Expectations in India |
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| 11:02 AM ET March 18 2010 |
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The benchmark index in India closed higher with the Sensex trading in the positive territory in 2010. Wholesale inflation index starts its downward trend after food prices increase rise at a slower pace. McNally Bharat wins $39 million coalfield equipment order. |
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| Sensex In India Turn Postive in 2010 |
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| 3:14 PM ET March 17 2010 |
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The Sensex gain of 0.6% lifted the benchmark index in India in the positive zone after dropping nearly 10% in the year. Larsen & Toubro received $250 million order from ONGC. Jaiprakash Associates expects cement business to grow 40% in the next fiscal year. |
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| Sensex in India at 2-month High, Reliance Up |
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| 11:47 AM ET March 16 2010 |
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The benchmark index in Mumbai trading gained more than 1% as investors focused on earnings in the current quarter and advanced tax payments. Reliance Industries payment of $170 million bolstered market sentiment despite the inflation hovering near 20%. Jet Airways expanded its route network. |
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| India Inflation Flirts 20% Mark; Stocks Rest |
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| 8:56 PM ET March 15 2010 |
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Wholesale inflation hovered at 16 –month high in India and food prices index surged 18%, near two decade high. Indian government faces a challenge to contain food inflation as consumers battle runaway food prices. Hindustan Construction, Elder Pharma and Godrej acquire stakes in foreign companies. |
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| India's Production Surges; Russia Defense Pacts |
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| 8:42 AM ET March 12 2010 |
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Industrial production surged in January as industries use up spare capacity. Stocks struggled but edged up and for the week the Sensex increased 1%, fifth weekly gain in a row. Russian Prime Minster Putin hopes to sign defense pacts and nuclear power plants contracts with India during his visit. |
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| Indian Stocks, Inflation Rise; Putin Visit |
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| 10:07 AM ET March 11 2010 |
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Stocks in Mumbai closed higher in the final fifteen minutes of trading. The wholesale inflation in the previous week was recorded at elevated level but larger crops of lentils and sugarcane is expected to make a dent in inflation. Russia and India are expected to sign nuclear reactor contract. |
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| India Stocks Firm on Domestic Outlook |
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| 4:58 PM ET March 10 2010 |
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Stocks in India traded higher on the expectations of higher domestic consumption and the government pledge to trim budget deficit. Bolivia moves to scrap contract with Jindal Steel to invest in iron ore mines. Patel Engineering gets government approval for coal linkage for its power plants. |
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| Sensex in India Declines; Tata Motors, NMDC Fall |
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| 11:01 AM ET March 09 2010 |
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Mumbai stocks struggled on the anniversary day when world markets traded at multi-year lows a year ago. The Sensex has doubled in a year on the improving global economic outlook. Tata Motors declined 3% after Daimler AG sold its 5.3% stake that it held since 1954. |
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| Banks in India Surge, Essar $3 B Offering |
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| 9:27 AM ET March 08 2010 |
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Banks in India surged after finance minister Mukherjee sought Parliament approval to permit banks to sell more shares. Rupee edged higher. Essar Group agreed to acquire Trinity Coal Corp for $600 million and is said to prepare securities offering in London for as much as $3 billion. |
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AMERICAS |
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%
Change |
 NYSE |
7,386.85 |
-0.76
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| NASDAQ |
2,374.41 |
-0.71
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| S&P 500 |
1,159.90 |
-0.51
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| Russell 3000 |
683.05 |
-0.61
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 TSX |
11,947.98 |
-0.76
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 Bovespa |
68,828.98 |
-1.25
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 Bolsa |
33,022.84 |
0.16
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EUROPE |
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%
Change |
 FTSE 100 |
5,650.12 |
0.13
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 DAX 30 |
5,982.43 |
-0.50
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 CAC 40 |
3,925.44 |
-0.32
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 SMI |
6,880.76 |
-0.25
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ASIA |
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%
Change |
 Nikkei 225 |
10,824.72 |
0.75
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 Hang Seng |
21,370.82 |
0.19
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 CSI 300 |
3,293.87 |
0.81
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 Sensex 30 |
17,578.23 |
0.34
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 ASX 200 |
4,872.20 |
0.19
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 JCI |
2,742.97 |
0.21
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 SET |
774.59 |
2.05
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 Kospi |
1,686.11 |
0.65
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 KLC |
1,296.60 |
-0.41
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Commodities |
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Change |
| Gold |
$1,107.6000 |
-$15.4000
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| Silver |
$17.0320 |
-$0.2380
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| Copper |
$3.3725 |
-$0.0325
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| Crude oil |
$80.6800 |
-$1.1200
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| Natural Gas |
$4.1690 |
$0.0830
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| Corn |
$3.7450 |
$0.0050
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| Wheat |
$4.8375 |
-$0.0175
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| Sugar |
$0.1864 |
-$0.0039
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| Soybean |
$9.6175 |
$0.0300
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More
Charts... |
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Wholesale Price Index Falls 0.9%
Mar 18, 8:47 AM ET |
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The wholesale price index increased 0.9% to 282.1 from 284.7 for the previous week. For the year ending in the previous week average inflation surged to 14.16% compared to 5.06% in the same period a year ago. |
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Tata and Jaguar: Rough Road Ahead
Mar 26, 3:06 PM EDT |
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| Jaguar and Land Rover may prove a difficult purchase for Tata Group to digest if economic conditions remain weak in the US and UK. |
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Ford agreed to sell its Jaguar and Land Rover brands to Tata Group of India for $2.3 billion and provide parts and technolgies for many years. Tata will fund most of its purchase using short term debt for now and refinance the deal at a later date with long term debet. Tata Group, a leading Indian industrial conglomerate recently purchased Corus, UK steel maker, is expected to keep current employees and look for ways to improve its operations in India. |
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Story... |
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Riding the Tiger
Oct 08, 10:32 AM ET |
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Originally launched as a bond fund manager, Escorts Asset Management has been adding a wide array of equity offerings to its fund family since 2001. Spearheaded by Escorts Opportunities Fund, the company’s product line-up is organized around tax-efficiency, capital preservation and consistency of returns. |
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Story... |
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