At 10:34AM, the S&P BSE Sensex is trading at 27,383 down 11 points, while NSE Nifty is trading at 8,243 down 2 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, Healthcare, Metal, realty, FMCG indices are the gainers, while Metal, Oil and gas indices are losers.
L&T, M&M, Maruti, Cipla, are among the gainers, whereas ONGC, Reliance, Hindalco, HDFC Bank are losing sheen on BSE.
Finance Minister Arun Jaitley is back indirectly asking the RBI to cut rates. High interest rates is the culprit for a slump in manufacturing, the FN said adding that credit off take is slow, infrastructure creation becomes slower, and the manufacturers find it difficult to afford costly capital.
The Reserve Bank’s latest projections suggest that Consumer Price Index (CPI) inflation over the next 12 months may hover around 6% if the international crude prices remain around the current levels and the monsoon next year turns out to be normal.
Industrial Finance Corporation of India (IFCI) will now be back in the government fold with the Union cabinet approving Rs 60-crore equity infusion in the entity to raise its shareholding to 51% from 47.93%.
Bharti Airtel was forced to withdraw its controversial VoIP tariff plan.
Jindal Stainless will be demerging its ferro-alloy, coke oven and stainless steel businesses into three different entities via the slump sale route.
IDBI Bank plans to sell its stake in the rating major Credit Analysis & Research.
IVRCL Ltd is reportedly on course to completing stake sale in three road projects and a desalination plant, all located in Tamil Nadu, by the end of this fiscal.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, Healthcare, Metal, realty, FMCG indices are the gainers, while Metal, Oil and gas indices are losers.
L&T, M&M, Maruti, Cipla, are among the gainers, whereas ONGC, Reliance, Hindalco, HDFC Bank are losing sheen on BSE.
Finance Minister Arun Jaitley is back indirectly asking the RBI to cut rates. High interest rates is the culprit for a slump in manufacturing, the FN said adding that credit off take is slow, infrastructure creation becomes slower, and the manufacturers find it difficult to afford costly capital.
The Reserve Bank’s latest projections suggest that Consumer Price Index (CPI) inflation over the next 12 months may hover around 6% if the international crude prices remain around the current levels and the monsoon next year turns out to be normal.
Industrial Finance Corporation of India (IFCI) will now be back in the government fold with the Union cabinet approving Rs 60-crore equity infusion in the entity to raise its shareholding to 51% from 47.93%.
Bharti Airtel was forced to withdraw its controversial VoIP tariff plan.
Jindal Stainless will be demerging its ferro-alloy, coke oven and stainless steel businesses into three different entities via the slump sale route.
IDBI Bank plans to sell its stake in the rating major Credit Analysis & Research.
IVRCL Ltd is reportedly on course to completing stake sale in three road projects and a desalination plant, all located in Tamil Nadu, by the end of this fiscal.
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