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Opening bell 16 March

Opening bell 16 March
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First Published: Wed, Mar 16 2011. 11 10 AM IST
Updated: Wed, Mar 16 2011. 11 10 AM IST
New Delhi: The Ides of March is over and perhaps things have taken a turn for the better. At least, from an equities markets point of view. Here’s a list of things to watch out for before trading starts.
Japanese stocks rose for the first time in five days as investors believe that the correction in prices has been overdone. The Nikkei is up 5.4%. Read more...-
That happens even as the situation in Japan continues to be grim. Fears of radiation leaks are still hounding the people living in nuclear plant areas. Read more...
Overnight, US stocks managed to recoup most of their losses by end of the day. The S&P 500, which plunged 2.5% on opening, trimmed its losses to a little over 1.1% by closing.
That was no doubt helped by the positive tidings from the Fed. US policy makers upgraded the US economic outlook and said growth in economy is becoming more durable. Read more...
In local news, the Cabinet cleared the national goods and services tax bill (GST) on Tuesday. The bill now finally heads to parliament for approval. But the government will need the support of some opposition parties to clear it. Will the BJP play ball?
Advance tax numbers from Mumbai have risen by 25%. Does that mean fourth-quarter corporate results might be better than expected? Read more...
The Japanese crisis has brought down the prices of some raw materials. Rubber in one such input. They are stocking-up on the commodity at low rates, something which should help their margins. Read more...
The DGH has asked RIL to drill more wells to meet its commitment of producing 61 million standard cubic meters of gas per day. The company is currently producing 51 units from 18 wells. Read more...
Lots of news flow from the Mahindra group. Mahindra Satyam won an order from a Qatar-based company. ?nother group company, Mahindra Reva reported a three-fold rise in electric vehicles and Mahindra & Mahindra completed its Ssanyong buy.
ITC has bought all the shares allotted to it by East India Hotels under the rights offer. EIH, which is trying to ward off hostile takeovers had bought in RIL as a stakeholder last year. Read more...
And finally, cannot afford a treadmill? Then try getting a dog. Dogs help their owners keep fit and active. A new study in Michigan found that a majority of dog owners who took their pets for regular walks met the government criteria of moderate or vigorous exercise. Read more...
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First Published: Wed, Mar 16 2011. 11 10 AM IST
More Topics: Markets Update | BSE | NSE | Japan | Sensex |