Markets are highly volatile ahead of Election results.India could be heading for a weak coalition government , with exit polls from the general election suggesting the ruling Congress-led coalition and its rivals would fall short of an outright majority.Three exit polls on Wednesday showed the ruling Congress-led coalition was slightly ahead of the opposition Hindu-nationalist alliance, but both groups were in need of smaller allies to gain a parliamentary majority.Official results will be released on Saturday.
Asian markets..
Nikkei hits 2-week low after U.S. data, Asian markets opened down this morning following worry over Nikon Corp's first annual loss in more than a decade.
China's Hang Seng and Japan's Nikkei have shed 2.5% each to 16,605 and 9,103, respectively.
The Straits Times plunged 2% to 2,137.
The Seoul Composite and the Taiwan Weighted declined 1.5% each to 1,391 and 6,381, respectively.The Shanghai Composite slipped 1% to 2,637.
Singapore nifty seen trading at 3,560.0 down 79 points..at 9.20 AM IST
News you can use:Bond yields up ahead of auctions, poll results.
Sebi wants cos to provide 100% cover for listing of bonds.
Borrowing costs increase at 91-day Treasury Bill sale.
SBI reduces deposit rates by 25-50 basis points
Banks can reduce lending rates further: Subbarao
Shriram Transport to raise Rs 1,000 cr in NCD issue
Suzlon Energy cancels bond repurchase worth $166 mn
DLF: Cash flows will improve.
DLF exits Dankuni township project.
DLF promoters sell stake to buy out DE Shaw investment in DAL.
NSE buys Kurla property for Rs 120 crore
BPCL Kochi Refinery to get mega reactor
Mahindra Shubhlabh's grape export up 9.25%
Tata Steel plans Rs 3,000 cr non-convertible debenture issue
AppliedMicro targets $200 mn revenue in three years
ICICI Pru Life to hire 3,000 more in two months
TCS gets five-year contract from VW
NRI deposits increase 22 times in fiscal 2009
Lupin net profit up 64% to Rs 157 crore
Tide turns for MFs; April sees net inflow
RIL may repay Rs 15,000 cr debt this fiscal.
Oil rises above $59 to 6-month high.
View:- Markets may open negative.Support is seen at 3600.If it breaks 3578, sell nifty futuresfor a target of 3528.
