The outlook is a start in the green. Global cues are mostly positive but given the eve of F&O expiry and upcoming budget, choppiness could set in.
The Fed seems to be patient on a decision regarding raising interest rates. With too many Americans remain unemployed, wage growth sluggish and inflation running below the Fed's target, Federal Reserve Chair Janet Yellen in her semiannual economic report to Congress, said FOMC's assessment that it can be patient in beginning to normalize policy means that the Committee considers it unlikely that economic conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of FOMC meetings.
Greece, secured a four-month extension of its financial rescue on Tuesday. The euro zone partners gave a nod to a reform plan even as IMF Managing Director Christine Lagarde said the reform plan was "not very specific." ECB President Mario Draghi too was guarded in welcoming the developments.
A lot is happening back home in India too even as the Budget session of Parliament is underway. The outlook is a start in the green. Global cues are mostly positive but given the eve of F&O expiry and upcoming budget, choppiness could set in. The Dow rose half a percent while S&P 500 gained 0.3%. Nasdaq gained 0.14%. Asian markets are seeing a mixed trend with Japan's Nikkei higher and Hong Kong's Hang Seng index trading lower. China's Shanghai index is also in the red.
The Modi government introduced the 14th Finance Commission's report in the Parliament. Finance Minister Arun Jaitley moved the MoA (memorandum of association) on Finance Commission report in the Lok Sabha. The government said that devolution to states will be at Rs. 3.48 trillion in FY15, while it would be around Rs. 5.6 trillion in FY16.
Jaitley said that the every spending within the territory of India is going to add to the growth process. The Central Government is happy that the allocation of financial resources to the states have been augmented, Jaitley added.
The controversial Land Acquisition Bill was introduced by the government in the Lok Sabha amid protests by an NDA ally. A report said that the entire opposition staged a walk-out calling the bill "anti-farmer and anti-poor".
Parliamentary Affairs Minister M Venkaiah Naidu said that BJP government was willing to discuss all provisions of the bill but his effort went in vain.
Mindtree Ltd is scouting for large deals in India and abroad worth more than $200 mn in cash and cash equivalents, says report.Report said that the team is headed by Rahul Malhotra, who joined Mindtree from rival Tech Mahindra.
iGate is planning to lay off 5-10% of its workforce, or around 1,500 to 3,000 people, over the next three months, according to reports.Report said that the layoffs are said to be partly because of a huge bench that the company created.
Shares of Spicejet Ltd were up 2% at Rs 24.55 after the company has announced the entire shareholding of Mr. Kalanithi Maran and Kal Airways Private Limited (the existing Promoters) has been transferred to Ajay Singh on February 23, 2015.
Railway related stocks ended with deep cuts a couple of trading sessions ahead of the Railway Budget. Titagarh Wagons, which, hit a fresh life-time high at Rs. 724, on Monday was locked at the 10% lower circuit at Rs. 617 on Tuesday. Kalindee Rail Nirman Engineers slumped 12.5 per cent to Rs. 139. Texmaco Rail & Engineering plunged nearly 9 per cent to Rs. 144, and Stone India shed 7 per cent at Rs. 85.
Shares of HUL ended 3% higher at Rs. 913.
Shares of Maruti Suzuki ended flat at Rs. 3,588, after the company launched a refreshed version of Dzire with introductory prices ranging from Rs 5.07 lakh to Rs 7.81 lakh (ex-showroom Delhi).
Suzlon Group has successfully completed installing and commissioning of over 350 MW wind energy in Brazil over a period of 16 months ending Nov 2014 with bulk of 309 MW being added in Calendar Year (CY)2014. This combined capacityincludes projects located in the high wind states of Rio Grande do Norte & Ceara in Brazil
The Fed seems to be patient on a decision regarding raising interest rates. With too many Americans remain unemployed, wage growth sluggish and inflation running below the Fed's target, Federal Reserve Chair Janet Yellen in her semiannual economic report to Congress, said FOMC's assessment that it can be patient in beginning to normalize policy means that the Committee considers it unlikely that economic conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of FOMC meetings.
Greece, secured a four-month extension of its financial rescue on Tuesday. The euro zone partners gave a nod to a reform plan even as IMF Managing Director Christine Lagarde said the reform plan was "not very specific." ECB President Mario Draghi too was guarded in welcoming the developments.
A lot is happening back home in India too even as the Budget session of Parliament is underway. The outlook is a start in the green. Global cues are mostly positive but given the eve of F&O expiry and upcoming budget, choppiness could set in. The Dow rose half a percent while S&P 500 gained 0.3%. Nasdaq gained 0.14%. Asian markets are seeing a mixed trend with Japan's Nikkei higher and Hong Kong's Hang Seng index trading lower. China's Shanghai index is also in the red.
The Modi government introduced the 14th Finance Commission's report in the Parliament. Finance Minister Arun Jaitley moved the MoA (memorandum of association) on Finance Commission report in the Lok Sabha. The government said that devolution to states will be at Rs. 3.48 trillion in FY15, while it would be around Rs. 5.6 trillion in FY16.
Jaitley said that the every spending within the territory of India is going to add to the growth process. The Central Government is happy that the allocation of financial resources to the states have been augmented, Jaitley added.
The controversial Land Acquisition Bill was introduced by the government in the Lok Sabha amid protests by an NDA ally. A report said that the entire opposition staged a walk-out calling the bill "anti-farmer and anti-poor".
Parliamentary Affairs Minister M Venkaiah Naidu said that BJP government was willing to discuss all provisions of the bill but his effort went in vain.
Mindtree Ltd is scouting for large deals in India and abroad worth more than $200 mn in cash and cash equivalents, says report.Report said that the team is headed by Rahul Malhotra, who joined Mindtree from rival Tech Mahindra.
iGate is planning to lay off 5-10% of its workforce, or around 1,500 to 3,000 people, over the next three months, according to reports.Report said that the layoffs are said to be partly because of a huge bench that the company created.
Shares of Spicejet Ltd were up 2% at Rs 24.55 after the company has announced the entire shareholding of Mr. Kalanithi Maran and Kal Airways Private Limited (the existing Promoters) has been transferred to Ajay Singh on February 23, 2015.
Railway related stocks ended with deep cuts a couple of trading sessions ahead of the Railway Budget. Titagarh Wagons, which, hit a fresh life-time high at Rs. 724, on Monday was locked at the 10% lower circuit at Rs. 617 on Tuesday. Kalindee Rail Nirman Engineers slumped 12.5 per cent to Rs. 139. Texmaco Rail & Engineering plunged nearly 9 per cent to Rs. 144, and Stone India shed 7 per cent at Rs. 85.
Shares of HUL ended 3% higher at Rs. 913.
Shares of Maruti Suzuki ended flat at Rs. 3,588, after the company launched a refreshed version of Dzire with introductory prices ranging from Rs 5.07 lakh to Rs 7.81 lakh (ex-showroom Delhi).
Suzlon Group has successfully completed installing and commissioning of over 350 MW wind energy in Brazil over a period of 16 months ending Nov 2014 with bulk of 309 MW being added in Calendar Year (CY)2014. This combined capacityincludes projects located in the high wind states of Rio Grande do Norte & Ceara in Brazil
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