Auto, Consumer Durables, Power, capital goods, healthcare, metal, FMCG, Oil and gas indices are the gainers, while Bankex, Oil and gas, realty indices are losers.
At 9:29 AM, the S&P BSE Sensex is trading at 28,935 up 52 points, while NSE Nifty is trading at 8,735 up 11 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, capital goods, healthcare, metal, FMCG, Oil and gas indices are the gainers, while Bankex, Oil and gas, realty indices are losers.
HDFC Bank, Wipro, Coal India, Axis Bank are among the gainers, whereas Cairn, HDFC, Adani Ports, ICICI bank are losing sheen on BSE.
Banks may continue to remain under pressure even as investors look to enter select counters at lower levels.The Dow rose 0.04%, the S&P 500 shed half a percent while Nasdaq lost 0.23%. Asian markets are mixed with China's Shanghai index trading over a percent higher and Hang Seng also notching up gains. Japan's Nikkei is however weak.
RBI Governor Raghuram Rajan said "We still have concerns about inflation. There is need to prepare for global financial market volatility, "The new CPI number may have lower weight for food. We will adhere to monetary policy dates 'as far as possible', adding that he was looking at 'entire package' of fiscal consolidation.
The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.
Standard & Poor's Ratings Services said that rating actions announced on Feb. 3, 2015 affecting certain U.K., German, Austrian, and Swiss banks are a timely reminder for governments in the Asia-Pacific region who are pondering changes to supportiveness for banks--as has been the case in Europe.
Cognizant Technology Solutions Corporation announced its fourth quarter results. Revenue for the fourth quarter of 2014 rose to $2.74 billion, up 16.4% from $2.36 bn in the fourth quarter of 2013. Excluding fourth quarter revenue of $80.6 mn from TriZetto, quarterly revenue was up 13.0% from the year-ago quarter. GAAP net income was$362.9 million, or $0.59 per diluted share, compared to $324.3 million, or $0.53 per diluted share, in the fourth quarter of 2013. Diluted EPS on a non-GAAP basis was $0.67, compared to $0.59 in thefourth quarter of 2013. GAAP operating margin was 17.5% and non-GAAP operating margin was 19.4% for the fourth quarter.
Shares of Pipavav Defense and Offshore surged 8% at Rs54 on reports that Mahindra & Mahindra, Hero Group, DCNS eyeing 19% stake in the company.
At 9:29 AM, the S&P BSE Sensex is trading at 28,935 up 52 points, while NSE Nifty is trading at 8,735 up 11 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, capital goods, healthcare, metal, FMCG, Oil and gas indices are the gainers, while Bankex, Oil and gas, realty indices are losers.
HDFC Bank, Wipro, Coal India, Axis Bank are among the gainers, whereas Cairn, HDFC, Adani Ports, ICICI bank are losing sheen on BSE.
Banks may continue to remain under pressure even as investors look to enter select counters at lower levels.The Dow rose 0.04%, the S&P 500 shed half a percent while Nasdaq lost 0.23%. Asian markets are mixed with China's Shanghai index trading over a percent higher and Hang Seng also notching up gains. Japan's Nikkei is however weak.
RBI Governor Raghuram Rajan said "We still have concerns about inflation. There is need to prepare for global financial market volatility, "The new CPI number may have lower weight for food. We will adhere to monetary policy dates 'as far as possible', adding that he was looking at 'entire package' of fiscal consolidation.
The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.
Standard & Poor's Ratings Services said that rating actions announced on Feb. 3, 2015 affecting certain U.K., German, Austrian, and Swiss banks are a timely reminder for governments in the Asia-Pacific region who are pondering changes to supportiveness for banks--as has been the case in Europe.
Cognizant Technology Solutions Corporation announced its fourth quarter results. Revenue for the fourth quarter of 2014 rose to $2.74 billion, up 16.4% from $2.36 bn in the fourth quarter of 2013. Excluding fourth quarter revenue of $80.6 mn from TriZetto, quarterly revenue was up 13.0% from the year-ago quarter. GAAP net income was$362.9 million, or $0.59 per diluted share, compared to $324.3 million, or $0.53 per diluted share, in the fourth quarter of 2013. Diluted EPS on a non-GAAP basis was $0.67, compared to $0.59 in thefourth quarter of 2013. GAAP operating margin was 17.5% and non-GAAP operating margin was 19.4% for the fourth quarter.
Shares of Pipavav Defense and Offshore surged 8% at Rs54 on reports that Mahindra & Mahindra, Hero Group, DCNS eyeing 19% stake in the company.
No comments:
Post a Comment