Today’s Quote
The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell -- John Templeton
Nifty Outlook
WATCH THE RANGE 4430-4480.TODAY'S RANGE WILL DECIDE THAT INDIAN MARKETS CORRECTION IS COMPLETE OR NOT.IT IS EXPECTED THAT MENTION TODAY RANGE WILL BE CROSSED UPWARD AND INDIAN MARKET WILL CLOSE IN GREEN TODAY.
News today
*When President Barack Obama hosts South Korean leader Lee Myung Bak for the first time today, his most urgent task will be to ensure a war of words with North Korea doesn’t break out into a firefight.
*The Bank of Japan said the nation’s worst recession since World War II is easing after exports improved and industrial output rose the most in 56 years.
*German investor confidence probably increased to a three-year high in June after evidence emerged that the recession in Europe’s largest economy is bottoming out, a survey of economists shows.
*Most companies that figure in the list of 100 top taxpayers from Mumbai have reported a higher tax payment for the April-June quarter — an indication of improved earnings over the year-ago period.
*Oil prices skidded to near $70 as investors mulled whether a three-month rally went too far, too fast amid high supplies and weak demand.
*Reliance Industries, which has been asked by the Bombay High Court to supply gas from its KG basin to ADAG group firm RNRL at USD 2.34 per MBtu, today said it will decide on future course of action based on legal advice.
BY, Raghav Ch
Tags:India, economy, us, 2009, stock market, finance
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