Wednesday, 10 December 2014

Sensex, Nifty on a flat level

At 2:31PM, the S&P BSE Sensex is trading at 27,816 up 19 points, while NSE Nifty is trading at 8,367 up 26 points.
The BSE Mid-cap Index was flat, while BSE Small-cap Index was trading down 0.02%

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

SBI, ONGC, Tata Power, Cipla, HEROMOTOCO, Axis Bank are among the gainers, whereas BHEL, Sun Pharma, Bajaj Auto, HUL are losing sheen on BSE.
The third phase of polling in 17 Assembly constituencies in Jharkhand and 16 in Jammu and Kashmir saw an impressive turnout despite boycott calls and threats of violence. While Jharkhand saw a voter turnout of 61 per cent, J&K recorded 59 per cent polling, says a report.
Anil Ambani is planning set to sell a controlling stake in his multiplex business to Carnival Films which is backed by a Kochi based agri-trading company, according to reports. 
Finance Minister Arun Jaitley told the Rajya Sabha there was no cause for concern with a comfortable forex reserve position, according to reports.
Shares of Gitanjali Gems surged 8% at Rs57 on reports that the government may change gold-import rules for trading houses.
Cipla Ltd has informed BSE that Meditab Holdings Limited, Mauritius, a wholly owned subsidiary of the Company, has entered into a definitive agreement to sell its entire 48.22% equity interest in Jiangsu Cdymax Pharmaceuticals Co. Ltd., China (Jiangsu) to an affiliate of one of the other shareholders of Jiangsu, for a total consideration of USD 18.5 million.
Fitch Ratings says it expects Indian corporates to increasingly access the offshore debt capital markets for their funding requirements. The growth is likely to be driven by the need to refinance debt and fund capex once the investment cycle restarts. The agency also expects the number of new issuers to rise with many corporates looking to diversify their funding sources.

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