Investors world over seem to feel confident about what the Fed is likely to do. That explains the accommodative approach by investors witnessed world over.The outlook is a positive start. The focus for the day will be on the Infosys results, especially after Narayana Murthy is back at the helm. The last two times, the company declared its results the counter saw huge intra-day swings. Besides the results, a change in guidance if any will be closely watched.
May IIP numbers and June CPI numbers are among the data points which investors will like to keep a close eye on.
US indices saw record closing with the Dow and S&P adding a little over 1% each. The Nasdaq notched gains over 1.5%. Asian markets are mixed with the Nikkei up marginally while the Hang Seng has fallen a tad.
China’s Finance Minister Lou Jiwei says 6.5% economic-growth rate wouldn’t be a ‘big problem.’
Reliance can breathe a sigh of relief. Oil Minister Veerappa Moily has laid to rest reports and rumors ruling out any review of the cabinet's decision to significantly raise gas prices. The government is not considering any changes or altering the decision to increase natural gas prices from $4.2 mmBtu to $8.3 from April 2014, he clarified.
US Jobless claims rose by 16,000 to a seasonally adjusted 360,000, the US Labor Department said on Thursday.
Expressing helplessness over the rupee's fall, Central banker D. Subbarao on Thursday attributed rupee fall to global factors and said it is difficult for him to predict how the currency will behave going forward. The rupee climbed to a one-week high on Thursday, but later weakened by two paise to close at Rs. 59.67 on dollars demand from importers.
In a landmark legislation on Thursday India's apex court decreed that a person who is in jail or in police custody cannot contest election to legislative bodies. The decision was hailed as by some as it aims to weed out criminal elements from politics while others remained apprehensive of its effective implementation.
Signaling a slowdown in the sector, Auto maker Mahindra & Mahindra (M&M) has decided to stop production on some days in July at its plants as demand for new vehicles continues to remain sluggish.
Civil aviation sector has a new regulator. The cabinet on Thursday gave its in-principle approval to set up Civil Aviation Authority (CAA) to replace the Directorate General of Civil Aviation (DGCA).
Chief Economic Adviser Raghuram Rajan will meet investment banks today to discuss overseas funding option.
Telecom stocks could be in action as Communications and Information Technology Minister Kapil Sibal addresses the media on finalisation of Modified Special
Incentive Package Scheme applications.
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