StockViz

Friday’s action: Dow +0.39% to 13649. S&P +0.34% to 1486. Gold +0.39% to $1691. London+0.36% . Germany –0.43%. France -0.07%.

With India’s key equity indices trading near all-time highs after a prolonged lull, private equity (PE) funds are feeling the heat from investors to cash out from their investments in public equity even as several mid and small cap shares, which constitute a majority of PE investments, continue to lag behind. (MINT)

SEBI has provided an option to institutional investors to bid for shares without paying any margin, but such bidders cannot cancel or revise the bids to a lower price, but can raise them, a move that will benefit the government’s divestment program and companies to meet minimum public holding rules. (ET)

VIX, retreated 8.2 percent to 12.46 today and has tumbled 45 percent since Dec. 28 whereas the markets have moved up 6% during the same period. And is at its lowest level since April 2007. The index measures the cost of using options as insurance against losses in the S&P 500, which has risen 6 percent in three weeks. The story is similar for Indian VIX as well. (Bloomberg)

Reliance Industries [stockquote]RELIANCE[/stockquote] has bought back shares worth over Rs 3,900 crore from public shareholders through an about year-long share repurchase programme, achieving just about 38 per cent of the target. Market analysts believe the purpose of the buyback was price stability and ensuring investor confidence in the stock, which the company has successfully achieved. (ET)

On January 10th the interest rate on Spanish ten-year government bonds fell below 5% for the first time in almost a year. The cost of new government borrowing is now about 2.5 percentage points lower than it was when worries over a break-up of the euro area peaked in July 2012 . The rate on ten-year Italian debt is approaching 4%, which is also close to 2.5 percentage points off the highs last year. (Economist)

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Market roundup: Dow +0.63% to 13596. S&P +0.56% to 1481. Gold +0.08% to $1689. London +0.46% . Germany +0.58%. France +0.96%.

US stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace eBay. Asian markets seem to be high on the same ground as well. (Bloomberg)

The government has deregulated the diesel prices and has authorized state-run oil marketing companies to raise diesel prices in small amounts from time to time. Although, the partial diesel deregulation is an important step forward, its proper implementation is key to bring about the intended change. BPCL[stockquote]BPCL[/stockquote], IOC[stockquote]IOC[/stockquote] and HPCL[stockquote]HPCL[/stockquote] were up 3%-6.5% yesterday .(MINT)

Air India today temporarily stopped operations of its Boeing 787 Dreamliner aircraft on the directive of the country’s aviation regulatory authority, the DGCA. This decision was taken after US Federal Aviation authority directive warned of a potential fire hazard on the aircraft. (ET)

When it comes to core operating profit, state run banks will likely have a dull third quarter as a slowdown in economic activity forced companies to rein in their capital-intensive projects. Bad debts at 5.54% are a major cause of concern. IDBI [stockquote]IDBI[/stockquote] comes out with its Q3 result today. [MINT]

When the economic crisis erupted in 2008, many Europeans assumed they were facing a couple of bad years. But the crisis, now in its fifth year, seems to go on and on, using up unemployment benefits, eating through savings accounts and dashing dreams of an easy retirement. Here is an account of what is the condition around the European countries in a photo-journalistic format with no way out in sight. (NYTIMES)

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