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Opening bell 18 March

Opening bell 18 March
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First Published: Fri, Mar 18 2011. 10 48 AM IST
Updated: Fri, Mar 18 2011. 10 48 AM IST
New Delhi: It’s a week since the Japanese quake. The aftershocks are still being felt, none more than the nuclear crisis and a soaring yen. Here’s a list of things to watch out for before trading starts.
The yen appreciated to highest level against the dollar since World War II on speculation that Japanese investors will bring home overseas assets. Japanese stocks rebounded in the morning deals. The Nikkei at 9,196 is up 2.6%.
What’s also helping sentiment are reports of Japanese companies resuming business activity. Nissan has restarted manufacturing in Japan. Read more...
As concerns on Japan recede, the crisis in Libya has taken a new turn. The UN Security Council granted military authority to the US and its allies to protect Libyans from Gadhafi’s forces. Read more on the conflict...
And Brent crude prices flared up as a result fearing escalating violence and disruption to supplies. Brent crude oil for May settlement rose 1% to $116.05 a barrel.
Back home, the RBI’s hawkish tone is making investors worry. With inflation continuing to remain at high levels, it is likely that the central bank would not pause this rate hike cycle yet. Read Mint’s outlook
However, one positive cue is marginal decline in food inflation. Read more...
Hyderabad-based GVK, Reliance Power and state-owned consortium ICVL have reportedly joined the race to buy coal assets in Australia. The asset which is estimated to have more than a billion tonnes of thermal coal is expected to cost $1.5 billion. Read more...
Bharti Airtel is reportedly in talks to buy the Indian wireless broadband business of Qualcomm. Read more...
The government is again reviving the SBI amendment bill. The bill which had lapsed in 2009 got cabinet approval again and is heading to Parliament for approval. It proposes to bring down the government’s stake in SBI to 51% from current 59.4%.
Reliance Infrastructure received Rs 7,200 crore order to built 2,400 megawatts gas based power project for its sister concern Reliance Power. The order is to be executed by end of this year. Read more...
HCL Infosystems also reported that it bagged an order worth Rs 300 crore from the Indian Air Force to deploy portable wireless networks. Read mor. Read more...
Jyothy Laboratories plans to acquire Henkel India did not go down well with its investors. The stock lost 12% to Rs 203 Thursday. Read more to find out why investors are apprehensive about the deal.
Falling sugar prices in international markets is making exports unviable for domestic sugar companies. Delays in government decision to let domestic producers sell sugar in international markets also added to the woes of sugar industry. The missed opportunity is expected to cast a shadow on sugar stocks for some time. Read more...
And finally, giving information online has been a big concern for the users. Information collected through websites is leading to several crimes like data thefts and invasion of privacy. It might slowly come to an end. The European Union is proposing to pass a new law that will give users the power to delete all the data a particular website is holding about them. Read more...
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First Published: Fri, Mar 18 2011. 10 48 AM IST
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