Stock Market News On 11th Mar 2013

Indian Stocks On 11th Mar 2013:

GLOBAL MARKETS :          

    # Nifty futures on the Exchange of Singapore gains 0.3%.The MSCI-Asia Pacific index, excluding Japan was high 0.05%.             
    # Asian shares eased but the dollar stayed near multiyear high against the yen on Monday after U.S. labour jobs data showed economic recovery there gaining traction.      
    # U.S. stocks closed out a week with another day of gains on 8th Mar as the Dow hit yet another record closing high on a payrolls report that improve performance even the most
optimistic forecasts.                 

    Watch these India's Stocks FACTORS:

    # Feb trade data 
    # India airwave auction to start with Sistema ShyamTele Services expected to be the only   require.
    # Feb auto sales data  

    FINANCIAL:

    # The government is likely to either increase or scrap the
foreign direct investment limit in sectors where set at
less than 100 %.

    # Exchange Board of India chief said that India's capital markets regulator will soon ease
registration norms for foreign investors.

    # SEBI has also introduced regulations overseeing the public sale of preference shares and will allow hybrid securities, which has debt and equity components to be listed on exchanges.

   COMMODITIES INDIA:

    *The head of refiner Mangalore Refinery and
Petrochemicals Ltd said that India is set to halt all crude oil imports from Iran because
insurance companies in the country.

    * An inter-ministerial panel is likely to decide on 11th Mar the floor price for 12.5 % stake sale in National Aluminium Co Ltd. Mint reported citing unidentified
sources.

    * The Indian government raised 56.84 million dollar by selling some of its shares in state-run Rashtriya Chemicals and Fertilizers Ltd on 8th Mar.

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