Wall Street closed Wednesday in green after positive numbers from biggies JP Morgan and Intel boosted investor spirits. But actual action started after-hours after WSJ reported that AOL might be planning to take over Yahoo Inc.
AOL is in talks with firms including Silver Lake Partners and Blackstone Group LP, about a possibile offer, the report said citing unnamed sources.
Asia spikes up
The buyout rumour along with strength in gold and oil prices, Nikkei shot up 1.82 pct while rest of the Asian markets are trading in the green.
New highs this week ?
It is a tough one to answer with two more trading sessions to go. The new highs are at a stone throw distance and it is highly likely we might see new highs before Coal India IPO itself. But for today chances are more of a flattish to ranged trade after a gap up open. We see broad based participation from now on.Stay invested though the road gets little bumpy when we traverse past the old highs