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| Headlines : 14 January 2011 |
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 | Indices at a Glance |
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| Index | Latest | 1D Chg(%) | YTD(%) |
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| NSE Index (13 Jan 2011) | 5751.90 | -1.90 | -6.24 |
| Sensex (13 Jan 2011) | 19182.82 | -1.80 | -6.47 |
| DOW (13 Jan 2011) | 11731.90 | -0.20 | 1.33 |
| NASDAQ (13 Jan 2011) | 2735.29 | -0.07 | 3.11 |
| Hang Seng (13 Jan 2011) | 24238.98 | 0.47 | 5.22 |
| Straits Times (13 Jan 2011) | 3255.87 | 0.34 | 2.06 |
| FTSE 100 (13 Jan 2011) | 6023.88 | -0.44 | 2.10 |
| CAC 40 (13 Jan 2011) | 3974.83 | 0.75 | 4.47 |
| DAX (13 Jan 2011) | 7075.11 | 0.09 | 2.33 |
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| | US markets
US markets closed marginally lower after a volatile session as investors reacted to mixed batch of economic data. Markets started the day on subdued note as US initial jobless claims unexpectedly rose by 35,000 to 4,45,000 from the previous week's revised figure of 4,10,000. Economists had expected initial claims to slip to 4,05,000 from the 4,09,000 originally reported for the previous week. However, losses were capped after report showed US trade deficit narrowed to USD 38.3 billion in November from a revised USD 38.4 billion in October and against expectation of USD 41.0 billion deficit. Moreover, positive report from real estate sector wherein RealtyTrac said foreclosure filings in December fell 2% sequentially and declined 26% from last year. On corporate front, AIG rose after it said it will conclude its recapitalization process Friday. |
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| European markets
European markets ended mixed as financial stocks advanced while retailers and mining shares declined. Retailers fell after Tesco issued a disappointing sales update, saying recent bad weather in the UK caused disruption for customers trying to reach its larger stores. Weaker commodity prices weighed on mining stocks. However, financial stocks rose after Spain sold around EUR 3 billion bonds while Italy sold Euro 6 billion bonds. In important economic news, ECB maintained its key interest rate at a historic low of 1% while Bank of England left its key interest rate unchanged and retained the size of the quantitative easing at GBP 200 billion. |
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| International News |
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- Canada's trade deficit was nearly halved in November, as exports rose and imports tailed off on a significant drop in shipments of energy products. Nation's trade deficit with the world narrowed to Canadian dollar 81 million in November from Canadian dollar 1.5 billion in October. (RTT News)
- Latvia's central bank decided to keep its benchmark refinancing rate unchanged at 3.5%, saying that currently, there is no significant threat to price stability. The bank has kept the refinancing rate steady since March last year. The seven-day deposit facility rate was left unchanged at 0.37% and the overnight deposit facility rate was maintained at 0.25%. (RTT News)
- The European Central Bank will face a grilling on its assessment of the euro zone debt crisis and firming price pressures in the bloc after it left interest rates on hold at 1% on Thursday. (Economic Times)
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| Domestic News |
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- The Company Law Board (CLB) has allowed infrastructure finance company IL&FS to take over Maytas Properties, a company promoted by the family members of disgraced Satyam founder Ramalinga Raju. IL&FS has been allowed to hold 80% of the equity in Maytas Properties, Corporate Affairs Minister Salman Khurshid told reporters here on Thursday. (The Hindu)
- Tata Coffee Ltd has informed that Starbucks, the US giant Coffee Company is making an entry with its famed stores into India. It has held several meetings with Tata Coffee Limited, India's largest Coffee Producing Company for a possible alliance. (Money Control)
- The Cabinet on Thursday approved the extension of schemes aimed at coal mines’ conservation and developing transportation of infrastructure in coalfield areas for an undisclosed period. (Business Line)
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