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Mint update | Opening bell

Mint update | Opening bell
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First Published: Fri, Mar 04 2011. 07 57 AM IST
Updated: Fri, Mar 04 2011. 07 57 AM IST
Mumbai: It’s been a tumultuous week for the markets with the Budget and unrest in the Middle-East. But peace may yet come, at least in Libya, and that may provide some succour to rattled investors. Here’s a list of things to watch out for before trading starts.
Peace! Libyan dictator Muammar Qaddafi agreed to Venezuelan President Hugo Chavez’s offer to mediate a resolution in conflict-hit Libya. Read more...
That was enough to cool down oil prices a bit. Brent crude rates fell 1.3% to $114.79 a barrel down from the dizzy highs of near $120 reached a week ago.
And take some sheen of gold as well. The yellow metal fell 1.5% and closed at $1,416.40. Read more...
Low oil prices and positive economic data led the US stocks markets to register their biggest gains so far this year. The Standard & Poor’s 500 Index jumped 1.7%. Series of data releases pointed towards improving economic activity in the US.
Asian stocks are tracking the overnight gains in the US markets. Shares in the Japan and South Korea jumped over a percent on positive economic cues from the US. Both the markets depend heavily on the US economy for their exports.
Meanwhile, pending bills are flying in North Block. The government has cleared the banking amendment bill. The bill gives voting rights in proportion to the equity holding. Read Liz Mathew’s story in Mint
Change the ministry and change the colours. Cairn India has got support from unexpected quarters-the erstwhile oil minister Murli Deora for its Vedanta deal. Deora is now the company affairs minister. Read more...
Canada’s Geoglobal Resources is planning to raise its stake in an exploration block in the KG basin to 25% from its current 10%.
This is one rumour that refuses to die. Amid reports of stake sale, Suzlon promoter Tulsi Tanti denied that he is not planning to part with company. Read more...
The year-end targets are back and the window dressing starts. According to bankers, banks are paying interest rates as high as 10% for one month to meet the year-end target of deposit mobilization.
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First Published: Fri, Mar 04 2011. 07 57 AM IST
More Topics: Markets Update | Oil | Gold | Bullion | Libya |