Auto, Consumer Durables, Power, banking, healthcare, metal, realty, capital goods, FMCG indices are the gainers, while IT, Metal, Oil and gas indices are losers.
At 9:30AM, the S&P BSE Sensex is trading at 29,204 up 68 points, while NSE Nifty is trading at 8,829 up 20 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, healthcare, metal, realty, capital goods, FMCG indices are the gainers, while IT, Metal, Oil and gas indices are losers.
Global cues are positive. Japanese markets are cheerful powered by a weak yen. The Bank of Japan policy decision is awaited though not much is expected here despite slowing inflation and lackluster consumer spending. Hong Kong's Hang Seng index is also trading higher.
The Dow Jones ended flat but is a shy away from its record close. The S&P 500 and Nasdaq too ended on a flat note.
The government is looking to provide clarity over taxation of consortium, a structure commonly used to implement large turnkey projects. This could boost foreign investments in infra sector as taxation of consortium as 'association of persons' emerged as a key roadblock for foreign investors eyeing infrastructure sector, says a report.
The Centre may look to infuse about Rs 18,000 crore into public sector banks next fiscal, more than doubling the allocation from the current fiscal after a number of lenders expressed concerns over their fundraising ability due to lack of support from the government, says a report
At 9:30AM, the S&P BSE Sensex is trading at 29,204 up 68 points, while NSE Nifty is trading at 8,829 up 20 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, healthcare, metal, realty, capital goods, FMCG indices are the gainers, while IT, Metal, Oil and gas indices are losers.
Global cues are positive. Japanese markets are cheerful powered by a weak yen. The Bank of Japan policy decision is awaited though not much is expected here despite slowing inflation and lackluster consumer spending. Hong Kong's Hang Seng index is also trading higher.
The Dow Jones ended flat but is a shy away from its record close. The S&P 500 and Nasdaq too ended on a flat note.
The government is looking to provide clarity over taxation of consortium, a structure commonly used to implement large turnkey projects. This could boost foreign investments in infra sector as taxation of consortium as 'association of persons' emerged as a key roadblock for foreign investors eyeing infrastructure sector, says a report.
The Centre may look to infuse about Rs 18,000 crore into public sector banks next fiscal, more than doubling the allocation from the current fiscal after a number of lenders expressed concerns over their fundraising ability due to lack of support from the government, says a report
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