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 | Indices at a Glance |
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| Index | Latest | 1D Chg(%) | YTD(%) |
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| NSE Index (12 Jan 2011) | 5863.25 | 1.90 | -4.42 |
| Sensex (12 Jan 2011) | 19534.10 | 1.76 | -4.75 |
| DOW (12 Jan 2011) | 11755.44 | 0.72 | 1.54 |
| NASDAQ (12 Jan 2011) | 2737.33 | 0.75 | 3.18 |
| Hang Seng (12 Jan 2011) | 24125.61 | 1.54 | 4.73 |
| Straits Times (12 Jan 2011) | 3244.94 | 0.11 | 1.72 |
| FTSE 100 (12 Jan 2011) | 6050.72 | 0.61 | 2.56 |
| CAC 40 (12 Jan 2011) | 3945.07 | 2.15 | 3.69 |
| DAX (12 Jan 2011) | 7068.78 | 1.83 | 2.24 |
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| | US markets
US stocks finished higher as investors reacted to positively to a successful Portuguese bond auction and an upbeat Beige Book report from the Federal Reserve helped to sustain buying interest. In its Beige Book report released, the Fed stated that employment conditions in the majority of the country "appear to be firming". The report indicated that companies were now hiring employees beyond replacements for vacancies in the wake of the recession. The Fed also said US economic activity has continued to expand moderately in recent months. Earlier, markets rose after news that the Portuguese government successfully sold approximately USD 1.6 billion which is scheduled to mature between 2014 and 2020. In corporate news, Chevron also announced that it expects its fourth-quarter earnings to be higher compared to the previous quarter. |
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| European markets
European markets gained after a successful bond auction by Portugal eased concerns that the nation would need a financial bailout. Banks and mining stocks led the advance, while utilities and oil producers lagged. In economic news, the UK's goods trade deficit widened in November to a seasonally adjusted GBP 8.7 billion from GBP 8.6 billion in the previous month. Total exports grew 4.1% to GBP 23.6 billion and imports rose 3.4% to GBP 32.4 billion. Eurozone industrial production rose 7.4% year-on-year in November, following a 7.1% growth in October. French current account deficit widened to EUR 4.2 billion in November from EUR 2.8 billion in October. |
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| International News |
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- New home prices in Canada climbed by a stronger-than-expected 0.3% in November from October for a fourth consecutive gain, according to Statistics Canada data released on Wednesday. (Reuters)
- American International Group will sell its Taiwanese life insurance operations for USD 2.16 billion, a step that will help the insurer to raise funds to repay the US taxpayers. Nan Shan Life Insurance Company would be sold to Ruen Chen Investment Holding Co in an all-cash deal. Ruen Chen is 80 per cent owned by Taiwan-based conglomerate Ruentex Group while the remaining stake is with footwear manufacturer Pou Chen Corp. (Economic Times)
- Industrial producer prices in Macedonia's domestic market rose 9% year-on-year in December. The price growth was largely driven by a 15.5% surge in factory prices in energy industry. Prices in intermediate goods industries, excluding energy, increased 5.9%. (RTT News)
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| Domestic News |
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- The Gujarat government on Wednesday said it has got investment commitments totalling nearly Rs. 15 lakh crore on the first day of industrial 'mela' Vibrant Gujarat reflecting the state's pristine position as a corporate destination. (NDTV Profit)
- Low-cost carrier IndiGo has placed firm orders for 180 Airbus 320 aircraft at an estimated cost of USD 15.6 billion. The order is the single largest for jets, in terms of volume, to be ever placed in the commercial aviation history. (The Times of India)
- IT firm Cognizant said that it will expand its delivery center in Phoenix, US to accommodate over 1,000 employees from the existing 500-seater capacity. Cognizant had recently announced crossing the 100,000-employee mark and continues to hire aggressively within North America as well as Europe, Asia, South America, and Australia. (Business Standard)
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