Nature News and Columbia University have come out with an interactive map which combines data on population and the locations and sizes of reactors, plotting risk graphically in the form of circles.
The market will witness volatility ahead of the expiry of the April futures and options contract, due later this week
The Indian stock market is expected to open sideways as investors will brood over the quarterly results of Reliance Industries, which were announced after the market closed on Thursday. Besides, the market is expected to witness volatility on account of the expiry of the April futures and options contract, due on Thursday.
On the global front, markets in Asia were trading mixed on higher oil and metal prices. Wall Street closed the truncated week in the green on earnings optimism and a fall in weekly jobless claims. The SGX Nifty was down 0.50 points at 5,901 compared to its previous close of 5,901.50.
Indiabulls Securities, Maruti Suzuki, M&M Financial Services, Proctor & Gamble, Sesa Goa and Sterlite Industries are among the companies which will announce their financial numbers today.
The market ended the holiday-shortened trading week with marginal gains, on mixed corporate earnings and a downward revision in the growth outlook. The Indian Meteorological Department predicted a normal monsoon for this year, while exports in the just-concluded fiscal recorded the highest-ever growth of 37.5%. However, food inflation for the week ended 9th April shot up to 8.74%, reversing a three-week decline.
The bourses closed the week with a 1% gain. The Sensex was 215 points up at 19,602, and the Nifty was up 60 points at 5,885. If the Nifty which is currently at around 5,900 levels falls below 5,700, a downtrend may follow.
US markets closed higher on Thursday on strong earnings reports and negative economic data ahead of a long weekend. The Labor Department on Thursday said initial jobless claims for the week ended 16th April fell by 13,000 to 403,000 from the previous week’s revised figure of 416,000. Analysts expected jobless claims to fall to 390,000 in the week under review. This apart, the Federal Reserve Bank of Philadelphia's regional business index came in below analysts’ estimates.
The Dow gained 52.45 points (0.42%) to 12,505.99. The S&P 500 added 7.02 points (0.53%) at 1,337.38 and the Nasdaq rose 17.65 points (0.63) at 2,820.16.
Markets in Asia were mixed in early trade on Monday on caution about the Japanese earnings season, which kicks off this week. Higher commodity prices also weighed on investors in the region.
Meanwhile, the Japanese government on Friday approved 4 trillion yen ($48.5 billion) in spending, its first emergency budget for disaster relief. The emergency budget, which is likely be followed by more spending packages later to fund reconstruction, includes about 1.6 trillion yen of infrastructure-related spending.
The KLSE Composite gained 0.16%, the Nikkei 225 rose 0.29% and the Seoul Composite climbed 0.24%. On the other hand, Shanghai Composite tanked 1.23%, the Jakarta Composite shed 0.02%, the Straits Times declined 0.08% and the Taiwan Weighted was down 0.04%.
Crude oil rose to the highest in two weeks in New York as fresh violence in the Middle East and Africa threatens to prolong supply disruptions. Crude oil for June delivery rose as much as 78 cents to $113.07 a barrel on the New York Mercantile Exchange, the highest intra-day price since 11th April, when futures reached $113.46. The contract was at $112.94 in morning trade in Asia.
Brent crude oil for June settlement rose 55 cents, or 0.4%, to $124.54 a barrel on the London-based ICE Futures Europe exchange.
Back home, in its new set of rules for an estimated $1 trillion wealth management industry, the Securities and Exchange Board of India (SEBI) is planning to set up an intermediary regulatory body with representation from among the wealth managers themselves.
In the proposed self-regulatory model, the market watchdog will put the onus entirely on wealth managers for compliance to the regulations and the new entity to be created under SEBI’s guidance would work as the first-stage regulator as also market development authority.