At 9:22AM, the S&P BSE Sensex is trading at 27,400 down 57 points, while NSE Nifty is trading at 8,274 down 10 points.
The BSE Mid-cap Index was trading down 0.07%, while BSE Small-cap Index was trading flat.
Consumer Durables, FMCF, Healthcare, Teck, IT indices are the gainers, while Power, banking, capital goods, Oil and gas, PSU, metal, realty indices are losers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
The Vibrant Gujarat Summit is underway and the Prime Minister is leaving no stone unturned to hardsell India. We will be available to hold your hands whenever you need us, Modi affirmed to the who’s who of India and global statesmen such as US Secretary of State John Kerry and UN Secretary-General Ban Ki-Moon. Indian economy is likely to grow at 6.4% in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led NDA government, World Bank President Jim Yong Kim has said.
The government plans to allow resolution of disputes in infrastructure development through arbitration in neutral places like Singapore, London and Malaysia, a step aimed at increasing the confidence of foreign investors in putting money in a sector that is key to economic growth but is struggling due to funds shortage, a report stated.
NTPC is expected to bid in next month's auctions of coal blocks, a top executive has said. The auction follows the Supreme Court's September order cancelling 214 coal blocks over charges of irregularities.
PVR group may acquire Sathyam Cinemas.
Oriental Bank of Commerce plans to raise additional tier-I or equity capital of up to Rs 1,000 crore through private placement of bonds.
Anil Agarwal is looking at merging Cairn India and Hindustan Zinc into Vedanta Group, says a report.
Oberoi Realty is set to raise Rs 650 crore to develop Oasis Tower project in Worli, says a report.
Kansai Nerolac Paints could see action as it will consider stock split later this month.
At the Vibrant Gujarat Summit inauguration function, Reliance Industries Chairman Mukesh Ambani has announced Rs 100,000 crore investment across businesses in the next 12-18 months, according to reports. Report said that the investments will be in expanding petrochemical production capacity as well as in launch the 4G broadband services.
At an award function organised by television news channel, Finance Minister Arun Jaitley said that the government will go for major disinvestment in the next two-and-a-half months. The government will stick to the fiscal deficit target of 4.1% in the current year, added FM. In 2014-15, the government has sold 5 per cent stake in steel major SAIL.
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, a global infrastructure conglomerate, has signed a Memorandum of Understanding (MoU) with Australian energy major Woodside Energy for cooperation for exploring business opportunities across a broad spectrum in the oil and gas sector in India, as part of the Vibrant Gujarat initiative.
Kumar Mangalam Birla reportedly said the Aditya Birla Group will invest Rs 20,000 crore over a period of time in the state to ramp up capacities across various existing facilities.
"We will be continuing to grow our businesses. On the anvil are brownfield expansions at our cement plant in Sevagram, says Birla.
According to SIAM, The industry produced a total of 1,850,616 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in December 2014 as against 1,741,237 in December 2013, registering a growth of 6.28 percent over the same month last year.
The movement in the rupee value is not in line with improvements in the fundamentals of Indian economy, says India Ratings & Research. The twin deficits are no longer a threat to macroeconomic stability, as inflation is following the glide path. Also, capital inflow is in excess of the requirements to fund current account deficit. The economy is thus likely to achieve 5.6% growth in FY15.
Shares of SpiceJet Ltd has hit 10% upper circuit at Rs18 on reports that potential investors in the airliner, led by former promoter Ajay Singh, have submitted a rescue plan for the airline to the civil aviation ministry.
Infosys stock ended 5% upper circuit at Rs2073 after company reported net profit growth for the quarter and maintained its full-year guidance of 7-9%
Infosys Ltd has announced that the Company announced that Parvatheesam Kanchinadham, Chief Risk & Compliance Officer and Company Secretary, will be leaving the Company effective January 10, 2015.
ABB has won an order worth about Rs.256 crore from Ceylon Electricity Board (CEB) to supply two new 220-kilovolt (kV) substations and upgrade an existing substation in Sri Lanka.The order was booked in the quarter ending December 2014 by ABB India.The stock down 2% at Rs1267.
Cabinet will decide on reserve price for 2,100 MHz by Jan 15, report says. - See more at: http://www.indiainfoline.com/article/news-top-story/nifty-below-8-300-levels-115011200029_1.html#sthash.J6VCiWCX.dpuf
The BSE Mid-cap Index was trading down 0.07%, while BSE Small-cap Index was trading flat.
Consumer Durables, FMCF, Healthcare, Teck, IT indices are the gainers, while Power, banking, capital goods, Oil and gas, PSU, metal, realty indices are losers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
The Vibrant Gujarat Summit is underway and the Prime Minister is leaving no stone unturned to hardsell India. We will be available to hold your hands whenever you need us, Modi affirmed to the who’s who of India and global statesmen such as US Secretary of State John Kerry and UN Secretary-General Ban Ki-Moon. Indian economy is likely to grow at 6.4% in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led NDA government, World Bank President Jim Yong Kim has said.
The government plans to allow resolution of disputes in infrastructure development through arbitration in neutral places like Singapore, London and Malaysia, a step aimed at increasing the confidence of foreign investors in putting money in a sector that is key to economic growth but is struggling due to funds shortage, a report stated.
NTPC is expected to bid in next month's auctions of coal blocks, a top executive has said. The auction follows the Supreme Court's September order cancelling 214 coal blocks over charges of irregularities.
PVR group may acquire Sathyam Cinemas.
Oriental Bank of Commerce plans to raise additional tier-I or equity capital of up to Rs 1,000 crore through private placement of bonds.
Anil Agarwal is looking at merging Cairn India and Hindustan Zinc into Vedanta Group, says a report.
Oberoi Realty is set to raise Rs 650 crore to develop Oasis Tower project in Worli, says a report.
Kansai Nerolac Paints could see action as it will consider stock split later this month.
At the Vibrant Gujarat Summit inauguration function, Reliance Industries Chairman Mukesh Ambani has announced Rs 100,000 crore investment across businesses in the next 12-18 months, according to reports. Report said that the investments will be in expanding petrochemical production capacity as well as in launch the 4G broadband services.
At an award function organised by television news channel, Finance Minister Arun Jaitley said that the government will go for major disinvestment in the next two-and-a-half months. The government will stick to the fiscal deficit target of 4.1% in the current year, added FM. In 2014-15, the government has sold 5 per cent stake in steel major SAIL.
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, a global infrastructure conglomerate, has signed a Memorandum of Understanding (MoU) with Australian energy major Woodside Energy for cooperation for exploring business opportunities across a broad spectrum in the oil and gas sector in India, as part of the Vibrant Gujarat initiative.
Kumar Mangalam Birla reportedly said the Aditya Birla Group will invest Rs 20,000 crore over a period of time in the state to ramp up capacities across various existing facilities.
"We will be continuing to grow our businesses. On the anvil are brownfield expansions at our cement plant in Sevagram, says Birla.
According to SIAM, The industry produced a total of 1,850,616 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in December 2014 as against 1,741,237 in December 2013, registering a growth of 6.28 percent over the same month last year.
The movement in the rupee value is not in line with improvements in the fundamentals of Indian economy, says India Ratings & Research. The twin deficits are no longer a threat to macroeconomic stability, as inflation is following the glide path. Also, capital inflow is in excess of the requirements to fund current account deficit. The economy is thus likely to achieve 5.6% growth in FY15.
Shares of SpiceJet Ltd has hit 10% upper circuit at Rs18 on reports that potential investors in the airliner, led by former promoter Ajay Singh, have submitted a rescue plan for the airline to the civil aviation ministry.
Infosys stock ended 5% upper circuit at Rs2073 after company reported net profit growth for the quarter and maintained its full-year guidance of 7-9%
Infosys Ltd has announced that the Company announced that Parvatheesam Kanchinadham, Chief Risk & Compliance Officer and Company Secretary, will be leaving the Company effective January 10, 2015.
ABB has won an order worth about Rs.256 crore from Ceylon Electricity Board (CEB) to supply two new 220-kilovolt (kV) substations and upgrade an existing substation in Sri Lanka.The order was booked in the quarter ending December 2014 by ABB India.The stock down 2% at Rs1267.
Cabinet will decide on reserve price for 2,100 MHz by Jan 15, report says. - See more at: http://www.indiainfoline.com/article/news-top-story/nifty-below-8-300-levels-115011200029_1.html#sthash.J6VCiWCX.dpuf
No comments:
Post a Comment