Some buying activity is seen in realty, IT, capital goods, banking sectors, while metal, power, FMCG and healthcare sectors are showing weakness
At 2:38 PM, S&P BSE Sensex is 159 points up at 20,432, while Nifty is 55 points higher at 6,076.
BSE Mid-cap is 15 points up at 5,866, while BSE Small-cap is 23 points up at 5,714.
Some buying activity is seen in realty, IT, capital goods, banking, teck and auto sectors, while metal, power, FMCG, healthcare and consumer durables sectors are showing weakness on BSE.
ICICI Bank, Infosys, Tata Motors, L&T, Maruti Suzuki, HDFC Bank, Wipro, SBI and TCS are up on BSE, whereas Coal India, Tata Power, Hindalco, SSLT, NTPC, Sun Pharma, ITC, Cipla and BHEL are showing some weakness.
Finance Minister P Chidambaram has said India's economy is expected to grow by 5% to 5.5% in the current financial year on back of good monsoon, robust farm output and impact of reform measures undertaken by the government in past one year.
HSBC cuts its USD/INR forecast for the end of the year to 62 from 65 previously, citing improvements in the current account deficit (CAD) and measures to attract inflows.
Canara Bank raised $500 Million through issue of Senior Unsecured Bonds under the $2 Billion Medium Term Note (MTN) Programme through the Bank's London Branch, The coupon rate is 5.25% p.a. The tenure of the Bonds is five years. Canara Bank is 1.54% up on BSE.
IT major Infosys net profit for the second quarter ended 30 September 2013 rose just 1.5% to Rs. 24.10 billion from Rs. 23.42 billion for the same quarter last fiscal. During the period under review, the company's total income increased 15% to Rs. 134.75 billion from Rs. 105.64 billion. The scrip is 3.87% up on BSE.
Hero MotoCorp, India's largest two-wheeler maker, unveiled 15 new products that will hit the market during the six months of the current fiscal. The stock is 1.02% up on BSE.
Bharti Airtel, which is trading 0.23% up, is planning to increase post-paid customer base by offering them tailor-made voice and data plans, according to reports.
Ranbaxy's US factory, Ohm Laboratories, may have received a clean chit from the American regulator, according to reports. The US facility was under surveillance of the US Food and Drug Administration (FDA) since the end of 2012. Ranbaxy is 2.59% up on BSE.
Indiabulls Housing Finance Ltd has received approval from the Reserve Bank of India to raise $200 million through external commercial borrowing (ECB), giving the company access to another source of inexpensive funding. The scrip is 1.05% up on BSE.
Idea Cellular is set to announce a QIP of Rs. 30 billion as early as next week, says a report. The scrip is 0.25% up on BSE.
The Securities and Exchange Board of India (SEBI) plans to make companies making disclosures in stock exchanges stick to them.
SEBI has revived a proposal to allow real estate investment trusts (REITs) in India in order to provide developers and private equity funds access to liquidity and attract money to the sluggish real estate sector.
A cyclonic storm hit the Andaman and Nicobar islands between 12:30-1:30PM on Wednesday and was expected to turn into a "very severe cyclonic storm" and hit northern Andhra Pradesh and coastal Odisha around Saturday.
Phailin is expected to cross coast between Kalingapatnam (Andhra Pradesh) and Paradip (close to Gopalpur, Odisha) by Saturday midnight.
Nikkei closed 210 points up at 14,404 points, while Hang Seng closed 267 points up at 23,218.
At 2:38 PM, S&P BSE Sensex is 159 points up at 20,432, while Nifty is 55 points higher at 6,076.
BSE Mid-cap is 15 points up at 5,866, while BSE Small-cap is 23 points up at 5,714.
Some buying activity is seen in realty, IT, capital goods, banking, teck and auto sectors, while metal, power, FMCG, healthcare and consumer durables sectors are showing weakness on BSE.
ICICI Bank, Infosys, Tata Motors, L&T, Maruti Suzuki, HDFC Bank, Wipro, SBI and TCS are up on BSE, whereas Coal India, Tata Power, Hindalco, SSLT, NTPC, Sun Pharma, ITC, Cipla and BHEL are showing some weakness.
Finance Minister P Chidambaram has said India's economy is expected to grow by 5% to 5.5% in the current financial year on back of good monsoon, robust farm output and impact of reform measures undertaken by the government in past one year.
HSBC cuts its USD/INR forecast for the end of the year to 62 from 65 previously, citing improvements in the current account deficit (CAD) and measures to attract inflows.
Canara Bank raised $500 Million through issue of Senior Unsecured Bonds under the $2 Billion Medium Term Note (MTN) Programme through the Bank's London Branch, The coupon rate is 5.25% p.a. The tenure of the Bonds is five years. Canara Bank is 1.54% up on BSE.
IT major Infosys net profit for the second quarter ended 30 September 2013 rose just 1.5% to Rs. 24.10 billion from Rs. 23.42 billion for the same quarter last fiscal. During the period under review, the company's total income increased 15% to Rs. 134.75 billion from Rs. 105.64 billion. The scrip is 3.87% up on BSE.
Hero MotoCorp, India's largest two-wheeler maker, unveiled 15 new products that will hit the market during the six months of the current fiscal. The stock is 1.02% up on BSE.
Bharti Airtel, which is trading 0.23% up, is planning to increase post-paid customer base by offering them tailor-made voice and data plans, according to reports.
Ranbaxy's US factory, Ohm Laboratories, may have received a clean chit from the American regulator, according to reports. The US facility was under surveillance of the US Food and Drug Administration (FDA) since the end of 2012. Ranbaxy is 2.59% up on BSE.
Indiabulls Housing Finance Ltd has received approval from the Reserve Bank of India to raise $200 million through external commercial borrowing (ECB), giving the company access to another source of inexpensive funding. The scrip is 1.05% up on BSE.
Idea Cellular is set to announce a QIP of Rs. 30 billion as early as next week, says a report. The scrip is 0.25% up on BSE.
The Securities and Exchange Board of India (SEBI) plans to make companies making disclosures in stock exchanges stick to them.
SEBI has revived a proposal to allow real estate investment trusts (REITs) in India in order to provide developers and private equity funds access to liquidity and attract money to the sluggish real estate sector.
A cyclonic storm hit the Andaman and Nicobar islands between 12:30-1:30PM on Wednesday and was expected to turn into a "very severe cyclonic storm" and hit northern Andhra Pradesh and coastal Odisha around Saturday.
Phailin is expected to cross coast between Kalingapatnam (Andhra Pradesh) and Paradip (close to Gopalpur, Odisha) by Saturday midnight.
Nikkei closed 210 points up at 14,404 points, while Hang Seng closed 267 points up at 23,218.
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