A lot may be accomplished in the market without anything really happening except that the Fed had reiterated something he spoke recently. Policymakers have learned the hard way to treat financial stability as a top goal, said Bernanke who says he has reserved his comments for July 17-19 when he will address the House of Representatives Financial Services Committee and the Senate Banking Committee.
The minutes from the Fed's June meeting showed many of the 12 Fed voting officials said they need to see further improvement in the job market before mulling winding down the stimulus program. Bernanke however didn't signal any changes in the Fed's bond-buying program, which has kept long-term interest rates low and encouraged more borrowing and spending.
A strong start is in the offing for the Indian market. Besides positive global indications, the domestic currency too seems to be in control. Government action to arrest the free fall seems to be working; the Indian Rupee closed at Rs. 59.78 closing below the Rs. 60/$level.
The Dow Jones fell marginally, the S&P 500 closed flat while the Nasdaq gained half a percent.
Japan's Nikkei 225 is flat while Hong Kong's Hang Seng index is 1.5% up. South Korea's Kospi index has gained almost 2% while China's Shanghai index is up 1.5%.
US crude oil prices added 0.2 percent after trading as high as $106.95 a barrel.
The finance ministry has asked the oil ministry to consider putting a cap on natural gas prices under the formula approved by a Cabinet panel last month. The companies in this sector already saw some weakness on account of this news on Wednesday.
A decision on increasing foreign direct investment limits could be postponed beyond this month as key ministers have not yet submitted their views on the same.
IndusInd Bank emerged as the front runner to buy Royal Bank of Scotland's India retail assets and a deal could be announced as early as next week, says a report adding that besides IndusInd Bank, others in the fray include Kotak Mahindra Bank, Axis Bank and Standard Chartered Bank.
IndusInd Bank Q1 FY14 net profit is up 42% year-on-year at Rs. 3.35bn.
Saudi Arabia and United Arab Emirates have pledged $8 bn aid to Egypt.
AGMs today include Federal Bank, JSL Industries and Kakatiya Cement.
Malabar Trading Co board will meet today to consider fund raising
Kalindee Rail Nirman (Engineers) could be in focus as it considers fund raising.
KEI Industries will consider allotment of shares and convertible warrants on a preferential basis National Pharmaceutical Pricing Authority has capped prices of 25 widely used drugs including painkillers and antibiotics.
TRAI has issued new guidelines for activation and de-activation of value-added services.
The minutes from the Fed's June meeting showed many of the 12 Fed voting officials said they need to see further improvement in the job market before mulling winding down the stimulus program. Bernanke however didn't signal any changes in the Fed's bond-buying program, which has kept long-term interest rates low and encouraged more borrowing and spending.
A strong start is in the offing for the Indian market. Besides positive global indications, the domestic currency too seems to be in control. Government action to arrest the free fall seems to be working; the Indian Rupee closed at Rs. 59.78 closing below the Rs. 60/$level.
The Dow Jones fell marginally, the S&P 500 closed flat while the Nasdaq gained half a percent.
Japan's Nikkei 225 is flat while Hong Kong's Hang Seng index is 1.5% up. South Korea's Kospi index has gained almost 2% while China's Shanghai index is up 1.5%.
US crude oil prices added 0.2 percent after trading as high as $106.95 a barrel.
The finance ministry has asked the oil ministry to consider putting a cap on natural gas prices under the formula approved by a Cabinet panel last month. The companies in this sector already saw some weakness on account of this news on Wednesday.
A decision on increasing foreign direct investment limits could be postponed beyond this month as key ministers have not yet submitted their views on the same.
IndusInd Bank emerged as the front runner to buy Royal Bank of Scotland's India retail assets and a deal could be announced as early as next week, says a report adding that besides IndusInd Bank, others in the fray include Kotak Mahindra Bank, Axis Bank and Standard Chartered Bank.
IndusInd Bank Q1 FY14 net profit is up 42% year-on-year at Rs. 3.35bn.
Saudi Arabia and United Arab Emirates have pledged $8 bn aid to Egypt.
AGMs today include Federal Bank, JSL Industries and Kakatiya Cement.
Malabar Trading Co board will meet today to consider fund raising
Kalindee Rail Nirman (Engineers) could be in focus as it considers fund raising.
KEI Industries will consider allotment of shares and convertible warrants on a preferential basis National Pharmaceutical Pricing Authority has capped prices of 25 widely used drugs including painkillers and antibiotics.
TRAI has issued new guidelines for activation and de-activation of value-added services.
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