Tuesday 29 October 2013

Market responds to Monetary Policy...

At 11:07 AM, S&P BSE Sensex is 20643.39 up 73 points, while CNX Nifty is at 6,136 up 35 points.

BSE Mid-cap is at 5,928 up 8 points, while BSE Small-cap is at 5,782 down 15 points.

All the sectoral indices are in green on BSE.

Maruti Suzuki, Sun Pharma, SSLT, Dr Reddy's Lab, HUL, Tata Steel and ONGC are up on BSE, whereas BHEL, L&T, SBI, HDFC Bank, ITC, HDFC and Bharti Airtel are showing some weakness.

Maruti Suzuki gained 5.42% after the carmaker posted Rs. 6.7 billion in net profit for the second quarter ended September as against Rs. 2.27 billion profit last year

SRF Ltd has declared interim dividend of 30% i.e. Rs. 3 per share on the paid up equity capital of the company. The scrip is 5.29% down on BSE.

Healthcare major Apollo Hospitals along with US private equity fund Kohlberg Kravis Roberts has signed a partnership to raise Rs. 5.5 billion to repay promoters' debt and build more hospitals. Apollo is 2.28% up on BSE.

Tata Global Beverages raised Rs. 3.25 billion by issuing 3% secured redeemable non convertible debentures (NCD) by way of a private placement. The scrip is 1.17% down on BSE.

The Telecom Commission will discuss Telecom Regulatory Authority of India's clarifications on spectrum price and valuation, and deliberate on the draft merger and acquisition guidelines later this afternoon.

Capital market regulator SEBI (Securities and Exchange Board of India) has directed stock exchanges to include information on the number of active clients of each broker and the percentage of complaints received against active clients in their reports on their websites.

SEBI has simplified the procedure for transfer of securities from the account of a deceased person and raised the threshold limit for such transactions in demat format to Rs. 5 lakh.

Transmission means to the transfer of securities from the account of a deceased holder to that of surviving joint holder, nominee or legal heir.

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