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Wall Street edges lower after string of gains - US stocks edged lower as investors found little reason to extend a five-week rally on lingering uncertainty over Greece bailout.Nifty ends at 5360; realty, capital goods, metals up - The NSE?s Nifty extended winning streak for fifth consecutive day as foreign institutional investors continued to pump in dollars into Indian equities. Indian economy is cooling, not collapsing: StanChart - The second half of this year should be relatively good one for India but the first 3 to 6 months will be tough, says Gerard Lyons of Standard Chartered.
Oil price to stay below $115 barring surprises: Kuwait - Earlier, a top Kuwaiti oil executive said oil prices could soar to as high as $160 a barrel if tension over an Iranian oil embargo persists or in the event of conflict. Oil may hit $160 amid tension: Kuwait official - Oil prices could soar to as high as $160 a barrel if tension over an Iranian oil embargo persists or in the event of conflict. Market ends off day''s high; here''s what topped the buy list -  Market ends off day''s high; here''s what topped the buy listHouseviews: 4 stocks that you can trade today to enjoy the rally -  Houseviews: 4 stocks that you can trade today to enjoy the rally What may have led to Dhanlaxmi Bank CEO's resignation? -  Thrissur-based Dhanlaxmi Bank's chief executive officer Amitabh Chaturvedi who had joined the old generation lender in 2008 with a mandate to improve skill sets on Monday put in papers. The bank today is counted among the new generation lenders.
5400 given, but if Europe doesn't play spoilsport: Experts -  Softness in European indices knocked the wind out of the markets in mid trade, but fresh buying emerged towards the fag end of the session. Visa rejections on the rise, says TCS' MD CEO -  India's leading IT player TCS admits that it has faced visa rejections this year. Strong volume based upside seen at 5,760 - As expected, stability has returned to the market, thanks to strong buying in technology stocks and some long positions build up by FIIs in the index futures and stock futures. The Nifty, after consolidating around 5,660-5,700, closed at 5,728 on short covering by floor traders and value buyers. The January futures settled at a 10-point premium to spot and shed 1.84 million shares in open interest, mostly through buy-side trades from liquidity providers and value buyers. The top traders covered their short positions above 5,700, the trade summary matrix (TSM) indicates. Analyst's corner - Thangamayil Jewellery (TJL) trades in gold, diamond and platinum jewellery. The ornaments are also made to order according to the specific requirements by the customer. TJL has continuously increased its market share to 15 per cent currently in the sale of gold and diamond jewellery in the city of Madurai and surroundings. The strategy of TJL is to focus on Tamil Nadu and tapping the rural population. TJL plans to take the total number of retail showrooms to 9 by 2010-11 and 15 by 2011-12 with a capex of Rs18-20 crore to be funded via internal accruals and IPO proceeds. There is a shift in the jewellery market from the unorganised to the organised players, which will benefit the company. The expenditure incurred towards Hallmarking as well as the promotional efforts is likely to add further brand value. Maintain buy. Today's picks - The rise yesterday appeared to be driven by short-covering and profit booking. The stock is likely to revert back to support between Rs 1,235 and Rs 1,250. Keep a stop at Rs 1,285 and go short. Q: Rahul Singh, Standard Chartered Securities India - The markets have been choppy in the recent past due to domestic concerns regarding rising rates and slower growth. Also, a pick-up in economic growth in the US is making it attractive. In this backdrop, Jitendra Kumar Gupta, spoke to Rahul Singh, managing director and head of equity research India at Standard Chartered Securities India for his views on these developments and the outlook on earnings and the markets. TCS steals a march over Infosys again - Consistently improving financials and better outlook have led analysts to up their earnings estimate for the company??It was not surprising to see the TCS stock jump over 5 per cent on Tuesday vis--vis the 1-2 per cent rise each in the broader markets and the Infosys share price, thanks to the strong set of numbers for the quarter ended December 2010. Post its excellent results, which the company announced on Monday evening (after market hours), brokerages have raised their 2011-12 EPS Preity's KPH Dream Cricket posts Rs 35.26 cr loss -  As franchisees gear up for the next IPL season, Bollywood actress Preity Zinta co-owned KPH Dream Cricket Private Ltd continues to be a loss making venture, with accumulated losses of Rs 68.08 crore in 2010-11 from three IPLs already held. KPH Dream, which owns IPL franchisee outfit Kings XI Punjab, recorded accumulated losses of Rs 32.82 crore in 2009-10.SpiceJet not to hike fare despite Rs 39-cr loss -  Despite reporting nearly Rs 40-crore loss in the December quarter due to a 90 per cent spike in fuel costs, no-frills carrier SpiceJet on Monday ruled out increasing fares.Sibal-Norwegian IT minister meeting on the cards -  Telecom Minister Kapil Sibal on Monday indicated that a meeting with Norwegian IT Minister Rigmor Aasrud is on the cards, in the backdrop of the Supreme Court order cancelling 122 2G licences.Government may auction 5 pc stake in ONGC -  The Government may auction 5 per cent stake in Oil and Natural Gas Corp, the nation's biggest energy explorer, to raise about Rs 12,000 crore.Budget session schedule to be decided on Tuesday -  Schedule for the Budget session of Parliament will be decided on Tuesday amidst indications that the Union Budget 2012-13 may be presented around the middle of March.
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