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| Headlines : 19 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 (18 Jan 2011) | 5724.05 | 1.23 | -6.69 |
| Sensex (18 Jan 2011) | 19092.05 | 1.11 | -6.91 |
| DOW (18 Jan 2011) | 11837.93 | 0.43 | 2.25 |
| NASDAQ (18 Jan 2011) | 2765.85 | 0.38 | 4.26 |
| Hang Seng (18 Jan 2011) | 24153.98 | -0.01 | 4.86 |
| Straits Times (18 Jan 2011) | 3249.58 | 0.34 | 1.87 |
| FTSE 100 (18 Jan 2011) | 6056.43 | 1.18 | 2.65 |
| CAC 40 (18 Jan 2011) | 4012.68 | 0.94 | 5.46 |
| DAX (18 Jan 2011) | 7143.45 | 0.92 | 3.32 |
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| | US markets
US stocks finished higher with dollar weakness spurring some buying interest in equities, particularly gold and steel stocks. On the downside, disappointing earnings numbers from Citigroup and Delta Air Lines drove losses in the banking and airline sectors. Meanwhile, another inspiring set of second-tier economic data had little impact on overall market sentiment. Buying interest emerged even though Citigroup posted fourth quarter earnings of USD 0.04 per share, short of the USD 0.08 per share expected on Wall Street. Delta Air Lines also reported adjusted fourth quarter earnings of USD 0.19 per share, well below forecasts for USD 0.26 per share. In economic news, the New York Federal Reserve said its general business conditions index rose to 11.9 in January from a revised 9.9 in December. Separately, the National Association of Home Builders said that the NAHB/Wells Fargo Housing Market Index came in at 16 in January, unchanged from the previous month. |
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| European markets
European markets posted solid gains aided by firm metal prices that boosted mining stocks and data revealing a notable improvement in German economic sentiment. Banking and semiconductor stocks also witnessed buying interest. Meanwhile, finance ministers from the eurozone refrained from announcing any increase to the size of the region's bailout fund. In economic news, German economic sentiment improved in January, results of a key survey revealed. The ZEW economic sentiment indicator climbed to 15.4 points, a six month high from 4.3 points in December. |
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| International News |
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- British annual inflation accelerated further to an eight-month high in December, boosted by food and fuel prices. Staying above the central bank's 2% target for the 13th consecutive month, consumer price annual inflation in December came in at 3.7%, up from 3.3% in November, the Office for National Statistics said Tuesday. Economists were expecting the rate to remain at 3.3%. (RTT News)
- House prices in the UK rose at a slower annual pace in November. The not seasonally adjusted house price index climbed 4% year-on-year compared with October's 5.5% rise. House price inflation slowed for the sixth consecutive month. On a monthly basis, seasonally adjusted house prices declined 0.1%, unchanged from October. (RTT News)
- Shares of consumer-electronics giant Apple Inc. slumped nearly 5% in premarket trade on Tuesday following news that Steve Jobs is taking a medical leave, and ahead of the firm’s quarterly results. (Economic Times)
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| Domestic News |
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- Global media and publishing firm Pearson on Tuesday said it had picked an additional 59% stake in Bangalore-based online tutorial services provider TutorVista for Rs.577 crore. It is also looking at India as a focus market after Brazil and China. (The Hindu)
- Deutsche Bank AG, HSBC Holdings Plc and two local banks hired to manage Steel Authority of India Ltd.’s share sale must show they didn’t err in agreeing to work for a rival, Steel Minister Virbhadra Singh said. (Bloomberg)
- Vodafone has objected to Essar Telecommunications Holdings' reverse listing into India Securities (ISL), saying ISL's value may be inaccurately used to calculate the value of its Indian telecom joint venture Vodafone Essar. (Business Standard)
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