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Opening Bell 20 June

Opening Bell 20 June
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First Published: Mon, Jun 20 2011. 10 09 AM IST
Updated: Mon, Jun 20 2011. 10 09 AM IST
New Delhi: It’s Monday and there’s some optimism in the air. Stock markets across the world are gaining on expectations that European Union will force Greece to deliver on debt-reduction commitments. Here’s a list of other things to watch out for before trading starts.
Stocks in Japan rose for the first time in three days on hopes that Greece will meet demands by the European Union to reduce debts. The Nikkei at 9,401 is up 0.53%.
Over the weekend, stocks in the US also rose on expectation that the economy might recover by end of the year. Better-than-expected jobless claims, retail sales and housing starts reports helped US stocks gain for the first time in seven weeks. The S&P 500 at 1,271 rose 0.30%.
Crude oil, on the other hand, continued to fall. Brent crude, at $112.77 a barrel, fell 0.39%.
Back home, funds-starved power companies have something to cheer. The government has started taking steps to increase exposure norms of Indian banks and state-owned power financing firms. The power ministry moved a note to cabinet committee on infrastructure seeking an increase in the exposure limit. Read more...-
The coal ministry is likely to warn NTPC that two more coal-fields would be de-allocated if the company does not develop them immediately. The ministry last week cancelled five coal blocks allocated to NTPC. Read more...
Reliance Industries might have to buy an existing telecom company if it has to achieve success in the telecom business. According to Kotak Securities Institutional Equities, the company has to acquire an existing operator in voice, probably Reliance Communications, to kick start its telecom venture.
Expect action to continue in Timken India stock. According to reports, the US-based specialised steel firm is likely to make an open offer to buy shares in its subsidiary Timken India.
Max India’s hospital arm Max Healthcare is likely to enter into a strategic alliance with a private equity firm backed global hospital major. The company is in discussions with two PE funds that have stakes in two separate large hospital chains.
Finally, dog owners watch out. A new study has found that dogs are constantly learning from their human owners. According to the study, dogs are constantly picking up facial cues and anticipating their owner’s behaviour, thereby learning without the owners’ consent. Many owners unknowingly teach and reward their dog’s bad behaviour. Read more...
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First Published: Mon, Jun 20 2011. 10 09 AM IST
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