o European officials urged the U.S. to join in a crackdown on speculators.

European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps, opaque financial instruments blamed for worsening the world financial crisis. German Chancellor Angela Merkel said Tuesday that "quick action is needed," calling on the U.S. to "make a gesture" and curb the trades. Emerging-market stocks will drop as much as 15 percent this year as earnings miss estimates and global growth slows, said Devan Kaloo, who oversees $22 billion at Aberdeen Asset Management Plc.
Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves. The number of openings in January rose about 7.6 percent, to 2.7 million, compared with December, the Labor Department said. That's the highest total since February 2009. Japan’s machinery orders slipped in January after the biggest jump since 2000, indicating a subdued appetite among the nation’s companies to ramp up capital spending even as manufacturing passed its worst. Orders, a signal of business investment in three to six months, dropped 3.7 percent from December, when they climbed 20.1 percent, the Cabinet Office said
Indian companies are quite optimistic on hiring plans for April-June 2010. The companies plan to add 1 million jobs in FY’11. The government is likely to maintain the distinction between short-term and long-term capital gains in the direct tax code to encourage long-term savings. Ethanol prices are expected to move up by 20% from the present levels. Banks have raised close to Rs.60000 crore of CDs since February 22, 2010. This signifies that interest rates in the economy are expected to move up in the future. Sugar output in UP is set to be higher than the estimates on account of higher sugar-cane supply. The Government is likely to infuse Rs.9500 crore in banks in Q1FY’10 as per the Banking Secretary. The Securities & Exchange Board of India has barred the promoters of Bank of Rajasthan. Fortis Healthcare has decided to re-brand the 10 Wockhard hospitals it acquired last year under the Fortis brand name from April 1, 2010. Binani Cement is foraying into commercial real estate development in order to cash on its idle land bank and reduce dependence on the cyclical nature of the business. Daimler has exited Tata Motors by selling 5.34% stake for Rs.1863 crore. Aditya Birla Minacs (a subsidiary of Aditya Birla Nuvo) has acquired UK-based BPO. SBI may come out with a rights issue for the purpose of dilution of Government stake. Bosch has declared a lock out at its Nagannathpura plant near Bangalore with effect from Monday night. NMDC is targeting to produce 50 million tonnes of iron ore production by 2014. Nifty March contracts ends the Day down by 20.45 points at a discount of 4.45 points adding OI by 0.4%. Nifty OI PCR at 1.351 compared to 1.345 at the close of last Day. Nifty puts sees addition of 20.35 lakhs and calls sees addition of 12.89 Lakhs over the Day. Highest OI in Nifty calls seen at 5100 March strike and puts at 5000 March strike. Nifty VIX at 20.80 from 20.73 last Day. Long build up seen in HDFCBANK, COLPAL, FINANTECH, MARUTI, PATNI, ORCHIDCHEM, GTOFFSHORE, HDFC & ORIENTBANK during the day. Short build up seen in TATAMOTORS, HDIL, GVKPIL, GODREJIND, OPTOCIRCUI, ALBK, VIDEOIND, IDFC, IVRCLINFRA, INDHOTEL, IDBI, TTML, MUNDRAPORT, DISHTV, SUZLON, BALRAMCHIN, VIJAYABANK, RELMEDIA, JPPOWER & MTNL during the day. FII side over the Day saws long build up in Nifty futures and short build up in stock futures and addition in Nifty options.