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Technical Analyst PK Agarwal of Purpleline Investment has maintained 'hold' rating on JSW Steel Ltd stock to achieve a medium term target.

According to analyst, the investors can exit on a rally to around Rs 1100.

Today, the stock opened at Rs 1052 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1350 and a low of Rs 495.15 on BSE.

Current EPS & P/E ratio stood at 108.15 and 9.54 respectively.

JSW Steel Ltd, on May 25, may consider slashing rates of flat steel items by the coming month owing to declining global steel prices.

As equities staged a comeback in Asia and Europe, it has been reported that June delivery crude oil prices edged above $70 per barrel, on the New York Mercantile Exchange.

It was also reported that stock markets rose across the board in Asia and Europe, but the upward trend lost traction on Wall Street, where early gains faded late in the day.

Despite a 0.6 percent gain in the dollar index, June delivery crude oil jumped $1.96 to $70.71 per barrel.

26 chickens were beheaded and then laid out in a pattern on the ground near a home in a semi-rural area south of Fairbanks, Alaska, Police have informed.

The Anchorage Daily News has reported that the homeowners, who kept 29 white chickens in a backyard coop, discovered the headless carcasses when they went out Monday morning to feed their birds.

State Trooper Ken Vanspronsen said, "They were very concerned as to why somebody would do it, and kind of spooked."

According to official reports, the U. S. Navy has begun extensive naval exercises in the Caribbean to train local forces into marine security issues in response to recent developments in international waters, particularly piracy in East Africa and Latin American countries' buildup of coastal defenses.

Part of the exercise involves deployment of Military Sealift Command rescue and salvage ship USNS Grasp, HSV 2 Swift, a Mobile Diving Salvage Unit and training of divers from the region.

Indian stock markets fell into the negative zone in early trade today.

At 9.08 am, the 30-share index Sensex stood at 16,343.39 after declining 44.45 points. In the meantime, the broad-based Nifty remained lower by 15.25 points to trade at 4,902.15.

The Sensex belled the day at 16,410.88 after surging 23.04 points, while the broad based NSE Nifty began on a flat note at 4,917.40.

The major losers' list comprised Hindalco Industries, ICICI Bank, Infosys, RIL, H D F C Bank and Tata Steel.

National carrier Air India was making efforts to bring normalcy in its daily functioning after a two-day wildcat strike by 15,000 employees.

The company also said that it would take atleast two more days for flight schedules to turn normal.

An airline spokesperson said 78 flights, domestic as well as international, have been scheduled Thursday and more will be pressed into service next day to clear the backlog that took place due to strike.