Sunder’s List

Friday’s action: Dow -0.85% to 13199. S&P -0.88%. Nasdaq -0.96%. Crude -1.41% to $88.86. Gold +0.62% to $1656.15. Stoxx 50 -0.3%. London -0.31%. Germany -0.47%. France -0.15%.

The CBI filed a charge-sheet in excess spectrum hoarding case against Airtel on Friday. The probe concerns alleged irregularities in allotting mobile spectrum in 2002 during the previous government led by the BJP. The CBI has pegged loss to exchequer at Rs 840 crore. (ET) [stockquote]BHARTIARTL[/stockquote]

MCX-SX got the ‘commencement certificate’ from Sebi. Equity trading in the new exchange is likely to begin in January. (ET) [stockquote]MCX[/stockquote]

If at first you don’t succeed, try, try again? The government is likely to divest stakes in Oil India (10%) and NTPC (9.5%) in Jan-Feb. (ET) [stockquote]OIL[/stockquote] [stockquote]NTPC[/stockquote]

Consumer sentiment in the US “cliff” dives: Dec Reuters/UofM Consumer Sentiment: 72.9 vs. 75.0 expected and 74.5 prior, erasing all of its gains since bottoming out in July.

CME Group, operator of the world’s largest currency futures franchise, has become the second US exchange to announce plans to list futures contracts on the rupee, amid rising demand from firms with operations on the subcontinent for hedges on the Indian currency. (EFN) Intercontinental Exchange (ICE) had announced cash-settled futures on the Indian Rupee back in November. Even back in 2010, even though China was a much bigger economy than India, rupee trading was 0.9% of global currency trading while RMB trading was at 0.7%. (Shah)

Good luck! Markets are closed tomorrow for Christmas. See you on Wednesday!

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