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Opening Bell 14 March

Opening Bell 14 March
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First Published: Mon, Mar 14 2011. 09 34 AM IST
Updated: Mon, Mar 14 2011. 09 34 AM IST
New Delhi: The earthquake in Japan came as a jolt. It reminds people about the existence of the risks that are beyond the control of human beings. On the other hand, the unrest in Middle East is very much of human making. However, both will have an impact on investor behaviour. Here’s a list of things to watch out for before trading starts.
Japanese markets tumbled on opening. Both the benchmark indices lost over 5% on concerns that the economy might suffer, atleast in the short-term due to earthquake. Oil refining companies lost the most as most of the companies’ facilities were either shut or damaged. Read more-
However, the worst disaster in Japan is expected to have limited impact on the world economy as it is only an exporter of manufactured goods and does not hold any significant natural resources. Read more to find out what investment managers think about the Japanese earthquake’s impact on world economy and stock markets.
Indeed, on Friday night the US markets rose slightly as investors bet that energy, materials and industrials companies could be boosted by a Japanese reconstruction programme.
Back home, India’s pharmaceuticals and automobile industries have the maximum linkages to the Japanese economy. Most of the Indian pharmaceutical companies sell generic drugs in the Japanese market. With leading automobile companies- Honda, Toyota and Suzuki originating from Japan, there might be some delay in purported expansion plans. Read more...
The worries of leaks from Japanese nuclear plants might hamper plans of Indian companies’ entering into nuclear business. Read more...
In other news, over the weekend, board of ABB has cleared an overseas acquisition worth Rs 400 crore. According to report, the acquisition will help company garner additional annual revenues of Rs 250 crore. Read more...
Cairn India might have to wait for a bit more. The company is not on the agenda of the Cabinet meeting on Tuesday. Read more...
Reliance Infrastructure stock might see some action today. The company in an interview to Economic Times said that it aims to bag 10% of highway projects awarded every year.
Investors might also like GMR Infrastructure’s pullout from its bid to manage California airport. After being shortlisted, the company decided to withdraw from the final bidding process after it felt it has better opportunities back home.
With Reserve Bank of India policy meeting Thursday, the expectations are already out on the street. Mint’s Tamal Bandyopadhyay expects 25 basis points hike in key rates.
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First Published: Mon, Mar 14 2011. 09 34 AM IST
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