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Opening bell 15 March

Opening bell 15 March
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First Published: Tue, Mar 15 2011. 09 39 AM IST
Updated: Tue, Mar 15 2011. 09 39 AM IST
New Delhi: The world’s third-largest economy is paralyzed even as fighting goes on half-way across the globe. Local investors seem to have discounted the former while keeping a wary eye on the later. Here’s a list of things you should know before trading starts.
Overnight US markets closed weak on concerns that disruption in business activity in Japan might hurt growth of US economy. Dow Jones ended at 11,993, 0.4% lower than previous closing. Asian markets led by Japan are trading weak with Japanese stocks leading the downfall. Even as engineers in Japan are still struggling to douse the fears of nuclear meltdown. Read more...-
Meanwhile, tensions are brewing in Middle East. Saudi Arabian troops entered Bahrain after the ruling family asked for its neighbour’s help to quell the uprising. Read more...
That seems not to have an effect on crude oil prices. Investors still believe that the Japan quake with dent demand and Brent oil is marginally down at $112 a barrel.
To more cheery things locally. Kingfisher Airlines is planning to go ahead and raise Rs 1,351 crore through global depository receipts (GDR). Fund raising will considerably help the company that is saddled with huge pile of debt. Read more...
Reliance Capital has sold a 26% stake in its life insurance unit to Nippon Life Insurance for Rs 3,060 crore. Some say that the company has reaped a bounty, but is it really so? Find out more...
NDTV might see some action on the bourses. Apparently, the company is in talks with Star to outsource bulk airtime for its three news channels and website.
ONGC has reported that it discovered gas in its Tripura well. While the company is yet to declare the estimated reserves, the stock closed weak on Monday on the back of the company losing a bid to buy a stake in Angolan oil wells. Read more...
Stocks of steel manufacturing companies might continue to trade with gains. Prices of iron ore, the key raw material, have slipped to a three-month low in the in the international markets. Plant shutdowns in Asia’s largest steel exporter, Japan, has led to concerns that demand for iron ore will fall steeply in the coming weeks. Read more...
On a more sober note, inflation numbers for February came in at a higher-than-expected 8.321%. This is the just the beginning of the rise in core inflation, warns Mint columnist Manas Chakravarty.
If that is too depressing, read on here about a physiotherapist who lets people with “emotional and behavioral problems feed, groom and dress up pigs as a way of making uninterested patients more receptive to therapy.”
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First Published: Tue, Mar 15 2011. 09 39 AM IST
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