Friday, 26 December 2014

Nifty above 8,200 levels

At 3:19 PM, the S&P BSE Sensex is trading at 27,249 up 40 points, while NSE Nifty is trading at 8,204 up 30 points.

The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.

Power, Bankex, Capital Goods, Healthcare, Realty, Teck indices are the gainers, while Auto, Consumer Durables, FMCG, Metal, Oil and gas indices are the losers,

SBI, Axis Bank, L&T, Coal India, Sun Pharma are among the gainers, whereas GAIL, Tata Motors, ITC, Wipro are losing sheen on BSE.

Japanese annual core consumer inflation slowed in November. Factory output fell and household spending remained weak. Asian markets are lackluster. Nikkei is down while Hang Seng and Shanghai are flat. On Wednesday, Wall Street ended mixed.

The initial public offering of Delhi-based NCML Industries will open on December 29. The price band has been fixed at Rs100-120 a share.

SKS Capital and Research, which had entered into an agreement to buy warrants of MCX Stock Exchange from Financial Technologies India, has withdrawn from the deal.

Corporation Bank has decided to sub-divide each equity share with a face value of Rs. 10 into five equity shares of Rs. 2 each and has fixed January 23, as the record date

Finance Minister Arun Jaitley said that the country cannot wait even if one of the Houses of Parliament "waits indefinitely". Jaitley suggested that the government may go to the extent of calling a joint session if the insurance bill is again blocked in the Upper House in the next session, says report.

Reliance Industries has signed shipping agreements with one of the world’s largest and reputed shipping companies MITSUI O.S.K. LINES, LTD (MOL) for transporting Liquefied Ethane from North America to India.

Reliance Capital Ltd said Japan's Bank Sumitomo Mitsui Trust will acquire an initial 2.77% stake in the company for $58.4 million. The Board of Directors of the Company has approved a proposal to issue and allot 70,00,000 Equity Shares of face value of Rs.10 each at a premium of Rs.530 per share, aggregating to Rs.371 crore to Sumitomo Mitsui Trust Bank, Limited (SMTB) (Preferential Allotment), subject to necessary permissions, sanctions, approvals and applicable SEBI Regulations and other provisions of law and which is subject to approval of the Members of the Company.

Government has raised import tax on crude edible oils and refined oils by 5 percentage points each to protect local farmers from rising imports from Malaysia and Indonesia, according to reports.

Infosys under new CEO Vishal Sikka is building capabilities in the social, mobility, analytics and cloud space, as it has significantly upped its recruitment in this space, says report.

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