The Indian markets may start today's trading session on a flat to positive note as volatility still lingers. SGX Nifty is up by 17.50 points.
Headlines for the day:
HC sets aside contempt order against IFCI, its CEO.
FDI up 74% in Feb to $2.21 bn.
Wipro to be title sponsor of San Francisco Marathon.
RBI cuts bank rate to 9%.
FOR MORE - CLICK HERE »
Headlines for the day:
HC sets aside contempt order against IFCI, its CEO.
FDI up 74% in Feb to $2.21 bn.
Wipro to be title sponsor of San Francisco Marathon.
RBI cuts bank rate to 9%.
FOR MORE - CLICK HERE »
Global Cues:
The European stocks fell on Wednesday (April 18, 2012), FTSE100 fell by 0.38%, CAC40 down by 1.59% and DAX declined by 1.01%.
The US stocks closed lower on Wednesday. Dow Jones fell by 0.63% and Nasdaq down by 0.37%.
The Asian shares are trading mixed on Thursday (April 19, 2012). SGX Nifty up by 17.50 points.
Events for the day:
Results: IndusInd Bank, ACC, Ambuja Cements, Hindustan Zinc
The European stocks fell on Wednesday (April 18, 2012), FTSE100 fell by 0.38%, CAC40 down by 1.59% and DAX declined by 1.01%.
The US stocks closed lower on Wednesday. Dow Jones fell by 0.63% and Nasdaq down by 0.37%.
The Asian shares are trading mixed on Thursday (April 19, 2012). SGX Nifty up by 17.50 points.
Events for the day:
Results: IndusInd Bank, ACC, Ambuja Cements, Hindustan Zinc
HCL Technologies reported a 2.5% QoQ growth in dollar revenues to US$1,048mn, while rupee revenues fell slightly by 0.6% QoQ. The BPO segment turned EBITDA-positive for the first time since 2QFY10 and, Nirmal Bang believes, this could be a margin lever for FY13. However, after a 28% rise in the stock over the past three months, valuation at 12.5x FY13E EPS is on the higher side. Maintain hold