Facebook to buy Whatsapp for $16 bn

Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for USD 16 billion in cash and stock, as the world’s largest social network looks for ways to boost its popularity, especially among a younger crowd.

Shares in Facebook slid 5 percent to USD 64.70 after hours, from a close of USD 68.06 on the Nasdaq



Opening bell: Weak global cues likely to drag Nifty today

The Indian equity market is likely to break its winning streak today after four straight days of gains with SGX Nifty ((down 46 points at 6121)) indicating a negative opening for the 50-share index.

European markets ended mixed while Asian markets have opened weak with trade deficit data weighing on the Nikkei.



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SELL BF UTILITIS (LCP- 521.25) BELOW 520 TG-515-508

SELL MONSANTO (LCP 1265.65) BELOW 1263 TG-1256-1245

BUY ESS DEE (LCP 713.5) ABOVE 715 TG-720-727

SELL JSW HOLDINGS (LCP-537.85) BELOW 535 TG-530-524



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