Some buying activity is seen in auto, banking, consumer durable, capital goods, IT and metal sectors, while fmcg sector is showing weakness on BSE.
The Economic Survey will be in focus today and investors may prefer to stay light ahead of the budget announcement tomorrow.
At 9:30 AM, the S&P BSE Sensex is trading at 28,912 up 166 points, while NSE Nifty is trading at 8,733 up 49 points.
The BSE Mid-cap Index is trading up 0.43% at 10,662, whereas BSE Small-cap Index is trading up 0.59% at 11,230.
Some buying activity is seen in auto, banking, consumer durable, capital goods, IT and metal sectors, while fmcg sector is showing weakness on BSE.
Tata Power, L&T, Sesa Sterlite, HDFC Bank and Coal India are among the gainers, whereas GAIL, TCS, Bharti Airtel, Maruti Suzuki and NTPC are losing sheen on BSE.
The unwinding of positions and rollover in the F&O expiry brought in the usual volatility on Thursday. US crude oil futures are down over 5% owing to rising inventories in the United States. The Dow Jones and S&P 500 fell marginally while the Nasdaq clocked some gains. Japan's Nikkei 225 and Hong Kong's Hang Seng are flat while China's Shanghai index has inched up higher marginally.
The FM is mostly likely going to surprise global rating agencies with a fiscal deficit achievement of 3.9-4.0% versus the targeted 4.1% for the year. The Rs220bn money-raising from Coal India’s Offer-for-Sale and lower crude oil price would largely help the Government beat the target. Mr. Jaitley will mostly adhere to 3% fiscal deficit target by 2016-17.
The Economic Survey will be in focus today and investors may prefer to stay light ahead of the budget announcement tomorrow.
At 9:30 AM, the S&P BSE Sensex is trading at 28,912 up 166 points, while NSE Nifty is trading at 8,733 up 49 points.
The BSE Mid-cap Index is trading up 0.43% at 10,662, whereas BSE Small-cap Index is trading up 0.59% at 11,230.
Some buying activity is seen in auto, banking, consumer durable, capital goods, IT and metal sectors, while fmcg sector is showing weakness on BSE.
Tata Power, L&T, Sesa Sterlite, HDFC Bank and Coal India are among the gainers, whereas GAIL, TCS, Bharti Airtel, Maruti Suzuki and NTPC are losing sheen on BSE.
The unwinding of positions and rollover in the F&O expiry brought in the usual volatility on Thursday. US crude oil futures are down over 5% owing to rising inventories in the United States. The Dow Jones and S&P 500 fell marginally while the Nasdaq clocked some gains. Japan's Nikkei 225 and Hong Kong's Hang Seng are flat while China's Shanghai index has inched up higher marginally.
The FM is mostly likely going to surprise global rating agencies with a fiscal deficit achievement of 3.9-4.0% versus the targeted 4.1% for the year. The Rs220bn money-raising from Coal India’s Offer-for-Sale and lower crude oil price would largely help the Government beat the target. Mr. Jaitley will mostly adhere to 3% fiscal deficit target by 2016-17.
No comments:
Post a Comment