Market Highlights April 10
Posted by Stock Market Guru on 10 April, 2009
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- A retired school teacher hurled his shoe towards Congress MP Naveen Jindal in Kurukshetra but missed his target
- Sensex and Nifty up 4.4% this week on bullish domestic sentiment
- On Optimism Recession Is Ending, US markets closed 3.14% up and Asian markets trading with 2% gain
- Realty firms’ profits expected to fall by 90% in Q4. Unitech, Orbit may have some relief – BS
- Due to high public anger, China has ordered pay cuts for executives at state-owned banks and other finance firms
- 47 Indian cos among Forbes ‘Global 2000 List’. Satyam, Unitech, Suzlon, Reliance Power, Reliance Capital dropped out of list
- Rupee closed stronger @ 50.03
- Terror alert in Islamabad: US embassy closed
- Chicago Mercantile Exchange ( CME ), the world’s biggest exchange, is looking at entering india
- RCF signs gas supply agreement with Reliance – BS
- RIL set to enter fuel retailing in US, Europe – BS
- India may see 75, 000 IT job cuts this year – ET
- Asia stocks push towards 6-month highs after previous recession quarter
- Microsoft has signed a $170 mn 5 year contract with India’s HCL Technology for outsourcing work – BS
- Tata Steel will save 1 billion pound from the ongoing restructuring initiatives at its European operations in 2009-10. -BS
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