At 9:23 AM, the S&P BSE Sensex is trading at 27,477 up 202 points, while NSE Nifty is trading at 8,299 up 65 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, healthcare metal, realty indices are the gainers.
Infosys could clock constant currency revenue growth of 2 to 2.5% qoq while the reported dollar revenues could be flat. Adverse cross currency movement and a weaker‐than‐expected core revenue momentum may compel Infosys to lower its annual growth guidance. How much of that is discounted by the investors we will see when the numbers are out and the commentary is made by Sikka and team
After zooming around 350 points, the Sensex will look at another similar run today. The outlook is a strong start. Global cues are supportive today. US markets clocked gains with the Dow adding 1.84%, the S&P 500 gaining 1.8% and Nasdaq jumping 1.8%. Asian indices are also well in the green with Japan's Nikkei 225 up 0.6% while Hong Kong's Hang Seng index is up almost a percent.
The RBI (Reserve Bank of India) decided to increase the quantum of loan that could be granted under the Gold Loan – Bullet Repayment scheme, from Rs. 1 lakh to Rs. 2 lakh
The Bombay high court allowed Reliance Infrastructure led Mumbai Metro One Private Limited (MMOPL) to charge higher fares ranging between Rs 10 and 40, according to reports.
YES Bank is planning to raise around Rs. 5,500 crore over next one year. According to the report it will raise between Rs. 2,500 crore and Rs. 3,000 crore around March this year through infrastructure bonds.
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, healthcare metal, realty indices are the gainers.
Infosys could clock constant currency revenue growth of 2 to 2.5% qoq while the reported dollar revenues could be flat. Adverse cross currency movement and a weaker‐than‐expected core revenue momentum may compel Infosys to lower its annual growth guidance. How much of that is discounted by the investors we will see when the numbers are out and the commentary is made by Sikka and team
After zooming around 350 points, the Sensex will look at another similar run today. The outlook is a strong start. Global cues are supportive today. US markets clocked gains with the Dow adding 1.84%, the S&P 500 gaining 1.8% and Nasdaq jumping 1.8%. Asian indices are also well in the green with Japan's Nikkei 225 up 0.6% while Hong Kong's Hang Seng index is up almost a percent.
The RBI (Reserve Bank of India) decided to increase the quantum of loan that could be granted under the Gold Loan – Bullet Repayment scheme, from Rs. 1 lakh to Rs. 2 lakh
The Bombay high court allowed Reliance Infrastructure led Mumbai Metro One Private Limited (MMOPL) to charge higher fares ranging between Rs 10 and 40, according to reports.
YES Bank is planning to raise around Rs. 5,500 crore over next one year. According to the report it will raise between Rs. 2,500 crore and Rs. 3,000 crore around March this year through infrastructure bonds.
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