Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are the gainers.
At 9:24AM, the S&P BSE Sensex is trading at 28,237 up 62 points, while NSE Nifty is trading at 8,827 up 30 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are the gainers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
After a surprise cut a couple of weeks ago, expectations are not really sky high for another round of rate cuts today. Will Governor Raghuram Rajan, who celebrates his birthday today, cut rates and throw a surprise party for the market as he announces the Sixth Bi-monthly Monetary Policy Review? Or will he wait for the budget announcement first?
One school of thought feels even though there are no new data points really, the RBI could use global commodity prices outlook and FM’s commitment to fiscal prudence to effect a rate cut. The strong rupee could also work in favour of a rate cut decision.
India's latest initiative to increase financial inclusion attracted a broad spectrum of applicants, estimated at close to 100, as the central bank's deadline ended Monday for those seeking licences to set up so-called small banks and payments banks, says a report. The names include Reliance Industries, Aditya Birla Group, Future Group and Bharti Airtel, Fino Paytech, Oxigen, SKS Microfinance, Dewan Housing Finance and Vaya Finserv.
HDFC Bank is set to raise Rs 10,000 crore sometime this week through a combination of qualified institutional placements (QIPs) in the domestic market and a follow-on offering of American Depository Receipts (ADRs) in the US, two people familiar with the proposal told Economic Times.
Global exchange traded funds (ETFs) are steadily increasing their exposure to Indian equities. In January, they contributed nearly half of the total FII inflows into Indian equities, according to data compiled from Bloomberg. FIIs invested $2 billion (Rs 12,400 crore) in Indian equities and $2.4 billion in debt securities in January, says a report.
Arvind Kejriwal and his Aam Aadmi Party (AAP) appear to have reversed the pro-BJP mood in Delhi and could win a simple majority if assembly elections were to be held now, shows the latest opinion poll carried out by polling firm TNS for ET.
The combined Index of Eight Core Industries stands at 172.7 in December, 2014, which was 2.4 % higher compared to the index of December, 2013. Its cumulative growth during April to December, 2014-15 was 4.4 %.
At 9:24AM, the S&P BSE Sensex is trading at 28,237 up 62 points, while NSE Nifty is trading at 8,827 up 30 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading flat.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are the gainers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
After a surprise cut a couple of weeks ago, expectations are not really sky high for another round of rate cuts today. Will Governor Raghuram Rajan, who celebrates his birthday today, cut rates and throw a surprise party for the market as he announces the Sixth Bi-monthly Monetary Policy Review? Or will he wait for the budget announcement first?
One school of thought feels even though there are no new data points really, the RBI could use global commodity prices outlook and FM’s commitment to fiscal prudence to effect a rate cut. The strong rupee could also work in favour of a rate cut decision.
India's latest initiative to increase financial inclusion attracted a broad spectrum of applicants, estimated at close to 100, as the central bank's deadline ended Monday for those seeking licences to set up so-called small banks and payments banks, says a report. The names include Reliance Industries, Aditya Birla Group, Future Group and Bharti Airtel, Fino Paytech, Oxigen, SKS Microfinance, Dewan Housing Finance and Vaya Finserv.
HDFC Bank is set to raise Rs 10,000 crore sometime this week through a combination of qualified institutional placements (QIPs) in the domestic market and a follow-on offering of American Depository Receipts (ADRs) in the US, two people familiar with the proposal told Economic Times.
Global exchange traded funds (ETFs) are steadily increasing their exposure to Indian equities. In January, they contributed nearly half of the total FII inflows into Indian equities, according to data compiled from Bloomberg. FIIs invested $2 billion (Rs 12,400 crore) in Indian equities and $2.4 billion in debt securities in January, says a report.
Arvind Kejriwal and his Aam Aadmi Party (AAP) appear to have reversed the pro-BJP mood in Delhi and could win a simple majority if assembly elections were to be held now, shows the latest opinion poll carried out by polling firm TNS for ET.
The combined Index of Eight Core Industries stands at 172.7 in December, 2014, which was 2.4 % higher compared to the index of December, 2013. Its cumulative growth during April to December, 2014-15 was 4.4 %.
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