MoneyControl
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- Mkts need local news for direction: PN Vijay
- Mkts could see further correction: Experts
- Mkts seen volatile till subprime woes settle: Sundaram MF
- It's time to buy big PSU banks: Experts
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SEBI will rationalise the intermediary fees that it charges, says CB Bhave, the new SEBI Cheif, reports CNBC-TV18. The fees will be reduced by 50-80%, and this reduction will come into effect from April 1, 2008, he adds.
If ITC can move above Rs 170-175, on a closing basis, then it can move up to Rs 225 and maybe even 240 in the next 2-3 quarters, says Vijay Bhambwani, technical analyst, on CNBC-TV18
Indiabulls has put a 'buy' rating on BHEL, with a target price of Rs 2,850, reports NDTV Profit.
Ashok Leyland is a 'buy' at current levels, says Ashutosh Goel of Edelweiss Capital, onn CNBC-TV18.
Morgan Stanley has cut its target price for SBI to Rs 1,910 from Rs 2,550, reports CNBC Awaaz.
IT heavyweights have limited downside, about 5-6%, says Vijay Bhambwani, technical analyst, on CNBC Awaaz.
The Economic Times
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Indian stock market returns second-best
A study by Dun & Bradstreet India indicates the domestic stock market has produced the second-best returns over a 10-year timeframe.
SEBI to cut time lag in listing of shares
SEBI will reduce gap between opening of an issue and listing of securities on bourse and make registration norms for FIIs more flexible.
International News
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US dollar stumbles to another record low against euro
NEW YORK : The US dollar slumped to fresh lows against the euro on Wednesday as traders digested a glum assessment on the US economy in the Federal Reserve Beige Book and braced for a potentially weak report on Friday
US stocks end higher as market shakes off Fed survey
NEW YORK : Wall Street stocks closed higher on Wednesday as the market shook off a Federal Reserve survey stating that the US economy was sputtering on several fronts amid a long-running housing market slump
NY oil closes above US$104 for first time
NEW YORK : Crude oil prices closed above 104 dollars a barrel for the first time on Wednesday in the face of sliding US crude stockpiles, a plunging dollar and after OPEC decided to maintain output levels.
Japan stocks up as U.S. fears ease, yen stabilises (at Reuters)
Fed report says U.S. growth slowed in early 2008
WASHINGTON (Reuters) - Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank's "Beige Book" report on economic conditions said on Wednesday
Service sector slump wears on; Fed sounds grim
NEW YORK (Reuters) - The slumping U.S. service sector and a weakening job market dealt further blows on Wednesday to an economy teetering on the brink of recession, while bad news continued unabated on the inflation front
U.S. private sector jobs drop unexpectedly in Feb
NEW YORK (Reuters) - U.S. private employment fell unexpectedly for the first time in nearly five years in February, according to a private report on Wednesday that dealt another blow to an economy teetering on the brink of recession
U.S. productivity revised up but labor costs mount
WASHINGTON (Reuters) - U.S. productivity grew at a slightly faster-than-expected revised pace in the fourth quarter, government data showed on Wednesday, but an increase in hourly compensation pushed unit labor costs higher
RK
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