The 2010 G-20 Toronto Summit was the 4 th meeting of the G-20 Heads of Government , primarily to discuss the global financial system and the world economy, which took place in Toronto, Canada during June 26–27, 2010.
The wealthiest of the Group of 20 countries said they would halve their government deficits by the year 2013 and "stabilize" their debt loads by 2016, a signal to international markets and domestic political audiences they are taking seriously the need to wean themselves from stimulus spending. In the concluding part, the U.S.
Global equity markets were as follows : Dow was up 0.10 % Hang Seng +0.17%, FTSE +0.5 %, and DAX +1.43%, while Nikkei -0. 45% and Shanghai
The Sensex closed at 17774.26, up by 199.73 points and the Nifty rested at 5333.50, up by 64.45 points. The top three gainers were RCom, Reliance Infrastructure, and Idea which rose by 4.86 per cent,4.07 per cent and 3.80 per cent respectively. The top three losers were GAIL, ITC and ABB which shed 2.14 per cent, 1.26 per cent and 1.11 per cent respectively. The market breadth as reflected by Nifty advances and declines was pretty positive and stood at 44:6
Reliance Industries (RIL) has announced its seventh oil discovery in exploration block CS-ONN-2003/1 (CB 10 A&B) awarded under the NELP-V round of exploration bidding. The well CB10A-N1 was drilled to a total depth of 1579m in Part A of the block
In another corporate news, Reliance Communications has agreed to a $11 billion deal to sell its telecom tower assets to GTL Infrastructure.
SBI is planning to raise Rs. 5 billion through bonds sometime in the first week of next month and hence you can expect the scrip to move upwards in the days to come...
Agriculture Bank of China’s IPO is to be priced at 2.52 yuan – 2.68 yuan per share a piece that will allow it to raise as much as $20 billion plus.
Kishor S. Khot, [Kishor@hbjcapital.com], Equity Strategist, HBJ Capital Services Pvt Ltd
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