Opening Bell 12.03.2014

Your world at 9am

world equity markets 2014-03-12

Equities

Major
DAX(DEU) +0.46%
CAC(FRA) -0.48%
UKX(GBR) -0.06%
NKY(JPN) -2.17%
SPX(USA) -0.51%
MINTs
JCI(IDN) -0.33%
INMEX(MEX) -0.23%
NGSEINDX(NGA) +0.25%
XU030(TUR) +0.46%
BRICS
IBOV(BRA) +0.36%
SHCOMP(CHN) -0.13%
NIFTY(IND) -0.39%
INDEXCF(RUS) -2.29%
TOP40(ZAF) +0.75%

Currencies

USDEUR:+0.01% USDJPY:+0.00%

MINTs
USDIDR(IDN) +0.20%
USDMXN(MEX) +0.04%
USDNGN(NGA) -0.10%
USDTRY(TUR) -0.04%
BRICS
USDBRL(BRA) +0.56%
USDCNY(CHN) +0.05%
USDINR(IND) +0.18%
USDRUB(RUS) +0.45%
USDZAR(ZAF) +0.12%

Must Reads

Lower food prices may have at last helped India’s inflation rates ease in February. The WPI ikely eased to 4.95% last month and the CPI is expected to clock in 8.30% in February down from an 8.79% increase in January. (WSJ)

Quick Heal, a company that started in 1990 as a calculator and computer repair shop with an initial capital of Rs. 15,000, is going to be the first pure software products company from India to list. (ET)

Maruti has about Rs.7,500 crore in cash reserves. Special dividend? No. They are planning to invest it in real estate for dealers, mutual funds, debt funds and fixed maturity funds. And maybe even in overseas plants for Suzuki. Ridiculous. (LiveMint, Broken Promises) [stockquote]MARUTI[/stockquote]

A third of farming households, a key electoral constituency, are likely to vote for the BJP. The UPA did such a fine job of pilfering that many farmers have not heard of its farmer welfare programs. For instance, only 53% have heard of the loan waiver scheme in which some Rs.70,000 crore of agricultural loans was written off, and only 10% benefited from it. (LiveMint)

Good luck!

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