At 11:17AM, the S&P BSE Sensex is trading at 27,446 up 204 points, while NSE Nifty is trading at 8,261 up 60 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, Banking, Capital goods, FMCG, Oil and gas, PSU, Healthcare, Metal, Realty indices are the gainers.
Hindalco, Tata Motors, Tata Steel, ONGC, GAIL, BHEL, Bajaj Auto, L&T, HUL, Hero Motocorp are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
Finance Minister Arun Jaitley has said that immediate challenges before the Government is to increase the growth rate as it will boost both the economic activities and the revenue collections. A Make in India seminar in Delhi today being attended by Prime Minister Narendra Modi, will also see some noises on what states can do.
The outlook is a positive start. Oil is moving higher. Asian indices are mostly positive. Japan's Nikkei is up 0.40% while Hong Kong's Hang Seng index has gained over 2%. China's Shanghai index is also close to 2% higher.
Algeria's oil minister has called on OPEC to cut production and raise the price of oil, says a report. Meanwhile, Saudi Arabia's 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were based on prices well below market levels, a report stated
Members of Greece’s parliament will cast their ballots at noon in Athens with Samaras needing 180 votes in the 300-seat chamber to appoint his nominee, Stavros Dimas, as head of state.
The Dabhol power project’s management, its promoters NTPC and the Maharashtra state government are opposing the plan of lenders and the central government to sell the plant’s liquefied natural gas (LNG) terminal to pare its 8,500 crore debt. NTPC and GAILIndia own 32.74% each of Ratnagiri Gas and Power (RGPPL), while the Maharashtra State Electricity Board has a16.94% stake. ICICI Bank, IDBI Bank, State Bank of India (SBI) and Canara Bank collectively hold 18.12%, a report stated.
Petronet LNG could be in action as it is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.
Glenmark Pharmaceuticals is reportedly set to out-license its molecule for pain management. Lupin is reportedly looking at acquisitions in various global markets.
Reliance Capital will consider giving up to 10 % stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank, a report stated.
Companies headed for an initial public offering (IPO) will have more legroom to sell shares to foreign investors, according to a report.
The disappearance of the AirAsia flight between Indonesia and Singapore on Sunday will have a major impact on perception and demand for the carrier globally, including in India, said executives at travel companies and airlines.
Shares of RPP Infra Projects was up 1% at Rs125 after company bagged new order worth Rs. 483.79 million from Tamilnadu Water Supply & Drainage Board for Providing Water Supply Improvement Scheme to Tindivanam Municipality in Villupuram District, Tamilnadu.
Shares of Cairn India was up 1% at Rs244 after report said that the company along with its joint venture partner,ONGC has put forward a $700-million plan to develop and produce gas reserves at the Raageshwari fields in the prolific Barmer block in Rajasthan.
SpiceJet clarified some misleading media reports regarding a decision to allegedly “Sack 50 Captains”. SpiceJet places on record that the 43 (not 50) pilots in question are those that have previously resigned from the company, and have already served at least three months of notice period.
The Narendra Modi government is planning to unleash several big-ticket announcements over the next few weeks, according to reports.Report stated that the government may begin with changes in the land acquisition law through an ordinance, setting the stage for the budget that will be unveiled at the end of February by finance minister Arun Jaitley.
L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at Rs. 894 crores from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project.At 9.35 AM, the stock was up 0.90% at Rs. 1,503.40.
Glenmark Pharmaceuticals is planning to out-license its molecule for pain management, according to reports.The stock was up 1% at Rs788.
Shares of Tata Steel was up 3% at Rs408 after company announced the recent developments in mining operations.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, Banking, Capital goods, FMCG, Oil and gas, PSU, Healthcare, Metal, Realty indices are the gainers.
Hindalco, Tata Motors, Tata Steel, ONGC, GAIL, BHEL, Bajaj Auto, L&T, HUL, Hero Motocorp are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
Finance Minister Arun Jaitley has said that immediate challenges before the Government is to increase the growth rate as it will boost both the economic activities and the revenue collections. A Make in India seminar in Delhi today being attended by Prime Minister Narendra Modi, will also see some noises on what states can do.
The outlook is a positive start. Oil is moving higher. Asian indices are mostly positive. Japan's Nikkei is up 0.40% while Hong Kong's Hang Seng index has gained over 2%. China's Shanghai index is also close to 2% higher.
Algeria's oil minister has called on OPEC to cut production and raise the price of oil, says a report. Meanwhile, Saudi Arabia's 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were based on prices well below market levels, a report stated
Members of Greece’s parliament will cast their ballots at noon in Athens with Samaras needing 180 votes in the 300-seat chamber to appoint his nominee, Stavros Dimas, as head of state.
The Dabhol power project’s management, its promoters NTPC and the Maharashtra state government are opposing the plan of lenders and the central government to sell the plant’s liquefied natural gas (LNG) terminal to pare its 8,500 crore debt. NTPC and GAILIndia own 32.74% each of Ratnagiri Gas and Power (RGPPL), while the Maharashtra State Electricity Board has a16.94% stake. ICICI Bank, IDBI Bank, State Bank of India (SBI) and Canara Bank collectively hold 18.12%, a report stated.
Petronet LNG could be in action as it is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.
Glenmark Pharmaceuticals is reportedly set to out-license its molecule for pain management. Lupin is reportedly looking at acquisitions in various global markets.
Reliance Capital will consider giving up to 10 % stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank, a report stated.
Companies headed for an initial public offering (IPO) will have more legroom to sell shares to foreign investors, according to a report.
The disappearance of the AirAsia flight between Indonesia and Singapore on Sunday will have a major impact on perception and demand for the carrier globally, including in India, said executives at travel companies and airlines.
Shares of RPP Infra Projects was up 1% at Rs125 after company bagged new order worth Rs. 483.79 million from Tamilnadu Water Supply & Drainage Board for Providing Water Supply Improvement Scheme to Tindivanam Municipality in Villupuram District, Tamilnadu.
Shares of Cairn India was up 1% at Rs244 after report said that the company along with its joint venture partner,ONGC has put forward a $700-million plan to develop and produce gas reserves at the Raageshwari fields in the prolific Barmer block in Rajasthan.
SpiceJet clarified some misleading media reports regarding a decision to allegedly “Sack 50 Captains”. SpiceJet places on record that the 43 (not 50) pilots in question are those that have previously resigned from the company, and have already served at least three months of notice period.
The Narendra Modi government is planning to unleash several big-ticket announcements over the next few weeks, according to reports.Report stated that the government may begin with changes in the land acquisition law through an ordinance, setting the stage for the budget that will be unveiled at the end of February by finance minister Arun Jaitley.
L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at Rs. 894 crores from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project.At 9.35 AM, the stock was up 0.90% at Rs. 1,503.40.
Glenmark Pharmaceuticals is planning to out-license its molecule for pain management, according to reports.The stock was up 1% at Rs788.
Shares of Tata Steel was up 3% at Rs408 after company announced the recent developments in mining operations.
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