The BSE Sensex should pull back early on Monday after last week's slide, after Asian stocks climbed as the European Union agreed on a 500 billion euro emergency fund to fend off debt woes in the euro zone.The International Monetary Fund is expected to add another 250 billion euros to the package to prevent the sovereign debt crisis spreading to other countries.Leading mobile operators Bharti Airtel and Reliance Communications will be watched after bids for one set of nationwide third-generation mobile spectrum licences in India reached 128.51 billion rupees ($2.82 billion) on the 25th day of an auction.Metals stocks such as Sterlite Industries and Tata Steel will be in focus after copper futures bounced higher in London.The MSCI's measure of Asian markets other than Japan was up 2.1 percent by 0253 GMT, while Japan's Nikkei climbed 1.3 percent.The Nifty India stock futures in Singapore were up 1.8 percent.The 30-share BSE index had dropped 4.5 percent to 16,769.11 points last week, its biggest weekly percentage fall in six months.(For more business news on Reuters Money visit http://www.reutersmoney.in)News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment