At 9:17AM, the S&P BSE Sensex is trading at 27,656 up 148 points, while NSE Nifty is trading at 8,316 up 32 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
BHEL, COALINDIA, ONGC, Tata Motors, Tata Steel, TCS are among the gainers, whereas M&M, Hero Motocorp are losing sheen on BSE.
US markets were closed on account of New Year holiday and Asian markets are mostly closed today too. Hang Seng index is trading marginally higher.
The focus today will be on Gyan Sangam - a two-day Bankers’ Retreat in Pune which will deliberate on PSU Bank issues including rethinking of priority sector lending and improving risk management, asset quality and recovery among others and in attendance would be the Prime Minister, Finance Minister and Reserve Bank Governor. Meanwhile, ICICI Bank has reportedly hiked interest rates on wholesale term deposits by 15 bps.
How OMCs behave today will be interesting after the government increased excise duty on diesel and petrol by Rs 2 a litre. The proceeds would be used to build roads.
The Price of non-subsidised cooking gas (LPG) was reduced by Rs 43.50 per cylinder. A 14.2-kg cylinder of non-subsidised LPG will cost Rs 708.50, down from Rs 752 previously, in Delhi, oil companies reportedly said.
As per news reports, the government of India has taken a decision to split the post of chairman and managing director at public sector banks (PSBs).The finance ministry has appointed chief executive officers (CEOs) of four banks, while confirmed that non-executive chairman would be declared shortly.
According to reports, Home buyers in Mumbai will have to pay more after Maharashtra government sharply increased government rates used to calculate taxes paid by consumers when purchasing property.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
BHEL, COALINDIA, ONGC, Tata Motors, Tata Steel, TCS are among the gainers, whereas M&M, Hero Motocorp are losing sheen on BSE.
US markets were closed on account of New Year holiday and Asian markets are mostly closed today too. Hang Seng index is trading marginally higher.
The focus today will be on Gyan Sangam - a two-day Bankers’ Retreat in Pune which will deliberate on PSU Bank issues including rethinking of priority sector lending and improving risk management, asset quality and recovery among others and in attendance would be the Prime Minister, Finance Minister and Reserve Bank Governor. Meanwhile, ICICI Bank has reportedly hiked interest rates on wholesale term deposits by 15 bps.
How OMCs behave today will be interesting after the government increased excise duty on diesel and petrol by Rs 2 a litre. The proceeds would be used to build roads.
The Price of non-subsidised cooking gas (LPG) was reduced by Rs 43.50 per cylinder. A 14.2-kg cylinder of non-subsidised LPG will cost Rs 708.50, down from Rs 752 previously, in Delhi, oil companies reportedly said.
As per news reports, the government of India has taken a decision to split the post of chairman and managing director at public sector banks (PSBs).The finance ministry has appointed chief executive officers (CEOs) of four banks, while confirmed that non-executive chairman would be declared shortly.
According to reports, Home buyers in Mumbai will have to pay more after Maharashtra government sharply increased government rates used to calculate taxes paid by consumers when purchasing property.
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