10year yield seen between 7.207.25: K Ramkumar |
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| Anticipation of no fresh supply of government paper caused rally last week. Today, profit booking is expected post that rally. Intraday range for 10year is 7.207.25, says K Ramkumar, Sundaram BNP Paribas. |
Rupee likely in range between 46.3546.65/$: Nanivadekar |
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| There are mixed cues for the rupee today. The dollar\'s weakness can be offset by a spike in energy price and monthend demand. The range for the day is seen between 46.3546.65/$, says Vikram Nanivadekar. |
Stocks in news: Hindalco, HCL Tech, RIL, Patni, NHPC |
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| Hindalco | HCL Technologies | RIL | Patni | MphasiS | Avaya Global | NHPC | Amar Remedies and Videocon are stocks, which are in the news today. |
Ganeshaspeaks: Market prediction for Nov 24 |
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| From 10:05 to 10:30, expect heavy buying in Indexbased scrips. The buying will be for a very brief period, so you need to be very quick to react. |
FO cues: Total Futures Open Int up by Rs 1087 crore |
| FO cues: Total Futures Open Int up by Rs 1087 crore. Total Options Open Int up by Rs 876 crore. |
Market cues: FIIs net sell $27 million |
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| Market cues: FIIs net sell USD 27 million on November 20. |
Nifty has target at 51555166: Gaba |
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| The crucial support for the Sensex is at 17050 and logical technical target at 17467. The crucial support for the Nifty is at 5050 and logical technical targets at 51555166. |
US mkts end 1.3% higher; home sales jump 10.1% in Oct |
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| The US markets gained after existing home sales strongest in 2 1/2 years and dollar index was down 0.7%. US existing home sales jumped 10.1% in October, strongest in 2 1/2 years (market expected 2.3%). |
Asia trading mixed; Shanghai Composite up, Nikkei down |
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| At 8: 11 am (IST), Asian markets were trading mixed. China\'s Shanghai Composite was up 0.67% or 22.34 points at 3,361. Taiwan\'s Taiwan Weighted added 0.40% or 30.48 points at 7,717.63. Hong Kong\'s Hang Seng was flat at 22,768.30. Japan\'s Nikkei was down 0.53% or 50.32 points at 9,447.36. |
Nifty has resistance at 51805250: Gujral |
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| The market will have flat to positive opening today. Nifty has supports at 50005050 and resistances are at 51805250. Market may witness some volatility ahead of settlement. |
Indian ADRs: Patni gains 5.5%, MTNL up 3.2% |
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| Indian ADRs ended higher on Monday. In the Telecom space, MTNL was up 3.21% at $ 3.22 and Tata Communication was up 2.06% at $ 15.84. In the banking space, ICICI Bank was up 2.21% at $ 38.88 and HDFC Bank was up 1.25% at $ 135.79. |
Wall Street gains on encouraging existing home sales data |
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| The US markets snapped their threeday losing streak on Monday after an encouraging report on existinghome sales and a pullback in the dollar. The Dow gained 132.79 points, or 1.3%, to 10,450.95 its highest level since October 2008. |
Mahindra arm to bid for USD 3.5bn defence deals |
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| INTERVIEW Mahindra arm to bid for $3.5 bln defence deals |
Positive global cues, RIL power markets |
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| The Nifty closed above 5,100 led by positive global cues and surge in heavyweight Reliance Industries. India\'s largest private sector refiner saw a 34% gain in trading today. The sensex gained 158 points and closed at 17,180. |
Stock Market Latest News
Written By Sheffin on Monday, November 23, 2009 | 8:09 PM
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