Monday, 8 December 2014

Nifty above 8,500 levels

At 11:30AM, the S&P BSE Sensex is trading at 28,368 down 89 points, while NSE Nifty is trading at 8,514 down 23 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, Healthcare, Metal, capital goods, FMCG, Oil and gas indices are the gainers, while Bankex, IT, Realty, Teck  indices are losers.
Coal India, ITC, Sun Pharma, BHEL, Tata Steel, Maruti are among the gainers, whereas Infosys, TCS, Bajaj Auto are losing sheen on BSE.
State Bank of India has reportedly said that the final decision on the US$1 bn (Rs 6,200 crore) loan agreement with Adani Group for Australian mining project would be taken by the executive committee of the bank in 2-3 months.Earlier SBI signed the pact with Adani Group on the sidelines of Prime Minister Narendra Modi's visit to Australia.
The mutual fund industry saw a net outflow of INR25,628 crore, with redemptions reaching over INR9.12 lakh crore, according to data released by the Association of Mutual Funds in India.
According to the report, Welspun India planning to invest Rs 2,500 crore to expand manufacturing capacities over the next 12 months.
Shares of Thermax was up 4% to Rs 1,109 after the company bagged another order worth Rs. 351 crore in Africa: to build and commission a captive power plant
Shares of Spicejet Ltd slipped 8% at Rs14 after the company has given clarifications on reports.The airline said that it has been reported is some newspapers that SpiceJet's international flying rights may be in jeopardy as our fleet may fall to below 20 aircraft. This is absoutely incorrect and false information, as our fleet is currently 37 aircraft, well above the limit of 20. 
Shares of Jet Airways Ltd surged 8% at Rs393 on reports that company announced cancellation of four flights to and from Brussels, following a strike called by all major trade unions in Belgium.
Shares of Jubilant Foodworks Ltd was up 1% at Rs1408 after report stated that promoter group entity Weston Investment Ltd has reduced its stake in the company by 2.44 per cent by selling 15.97 lakh shares in the open market 

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