The outlook is a flat start. Global markets are mixed, U.S. stocks ended Wednesday's choppy session on a flat note. However, the Dow Jones eked out marginal gains to shut shop at fresh record.
A month of consolidation draws to a close as Feb series expires today. Interestingly, while the Nifty has seen high rolls the BankNifty rolls are below average as of Wednesday indicating that banking stocks could be weaker than the previous expiry. The movement for the day will hinge earlier on the Railway Budget. People don’t really expect the railway minister to hike passenger fares and freight rates besides some possible changes in Tatkal fares. Railway related stocks ended on a mixed note ahead of the Railway Budget. Some stocks which have galloped in recent days saw profit booking and some merciless selling too.
The outlook is a flat start. Global markets are mixed, U.S. stocks ended Wednesday's choppy session on a flat note. However, the Dow Jones eked out marginal gains to shut shop at fresh record. The S&P 500 SPX and Nasdaq Composite closed slightly lower breaking its ten-day winning streak. The Asian markets are trading mixed the Nikkei index in Japan returned to its winning ways while the Hang Seng index in Hong Kong was trading lower.
Brent crude oil rose above $59 a barrel. Saudi Arabia's oil minister was quoted as saying that oil demand was growing.
Yes Bank has raised Rs 1,000 crore against a targeted Rs 500 crore by issuing green infrastructure bonds.
Adlabs Entertainment’s initial public offer (IPO) is expected to open on March 10. The issue will close on March 12, as per the latest data available with the capital markets regulator Sebi.
IndusInd Bank will issue long-term infrastructure bonds or non-convertible debentures on private placement basis to raise about Rs 2,000 crore.
Finance Minister Arun Jaitley said that the top priority for the government is to meet its fiscal deficit despite the urgent need for investments. During a meeting at the Parliamentary Consultative Committee, Jaitley said that the global environment is ripe for India as an increasing number of investors are showing interest in the market. He added that the investments in infrastructure, manufacturing, and agriculture sector will take precedence in Budget over other segments.
Today is also the third and final day of IIFL’s sixth Enterprising India Conference. This year, we have nearly 100 participating companies, cumulatively valued at US$760bn. All major sectors are well represented and there is good representation across sizes. 34 companies have market cap of more than US$5bn, 34 companies have market cap of US$1-5bn, and 28 companies have market cap of less than US$1bn.
Jaitley said that the economic indicators are moving in the right direction, and the economic situation overall is convincing. He further said that the growth rate in current fiscal based on the old method is better than the previous year. He said that the economy expanded at 4.7% in 2013-14 fiscal as per old methodology while it grew 6.9% as per the new system.
Bharti Airtel is reportedly raising as much as $415 million through stake sale in Bharti Infratel.
DLF could see some action on reports that its sales bookings may cross Rs 3,000 crore this fiscal.
Investors will not able to buy and redeem mutual fund units on February 28 even as the stock markets remain open, says a report.
Jaitley said that the economic indicators are moving in the right direction, and the economic situation overall is convincing. He further said that the growth rate in current fiscal based on the old method is better than the previous year. He said that the economy expanded at 4.7% in 2013-14 fiscal as per old methodology while it grew 6.9% as per the new system.
Shares of ABG Shipyard ended 14% higher to Rs. 231 on reports that Mahindra Group is in talks with ABG Shipyard to acquire a large strategic stake in the maker of naval ships and vessels.
Shares of Jubilant Lifesciences ended flat at Rs 165 after company has received Abbreviated New Drug Application (ANDA) final approval from the US Food and Drug Administration (US FDA) for Irbesartan Tablets USP, 75 mg, 150 mg, and 300 mg and Cetirizine Hydrochloride Tablets (Chewable), 5 mg and 10 mg.
Visagar Polytex was locked at the 20 per cent upper circuit for the second straight trading session on the back of unusually high volume.
Infosys is planning to appoint SAP's chief technology officer for security, Gordon Muehl as its security czar, according to a report.
Dalmia Bharat Ltd has announced that the Company's subsidiary Company, Dalmia Cement (Bharat) Limited on February 25, 2015 has increased its stake in OCL India Limited from 48% to 74.6% through inter-se transfer within the promoter group of OCL India Limited.
Shares of SpiceJet ended 3% higher to Rs 24.95 on BSE after the airline has cleared all tax dues.
Shares of Godrej Consumer Products Ltd ended flat at Rs1125 after the company has announced that the Company has entered into an agreement with the Darling Group for increasing its shareholding in Darling South Africa and Mozambique businesses to 90% in line with its intent of gradually scaling up its ownership of the Darling businesses.
A month of consolidation draws to a close as Feb series expires today. Interestingly, while the Nifty has seen high rolls the BankNifty rolls are below average as of Wednesday indicating that banking stocks could be weaker than the previous expiry. The movement for the day will hinge earlier on the Railway Budget. People don’t really expect the railway minister to hike passenger fares and freight rates besides some possible changes in Tatkal fares. Railway related stocks ended on a mixed note ahead of the Railway Budget. Some stocks which have galloped in recent days saw profit booking and some merciless selling too.
The outlook is a flat start. Global markets are mixed, U.S. stocks ended Wednesday's choppy session on a flat note. However, the Dow Jones eked out marginal gains to shut shop at fresh record. The S&P 500 SPX and Nasdaq Composite closed slightly lower breaking its ten-day winning streak. The Asian markets are trading mixed the Nikkei index in Japan returned to its winning ways while the Hang Seng index in Hong Kong was trading lower.
Brent crude oil rose above $59 a barrel. Saudi Arabia's oil minister was quoted as saying that oil demand was growing.
Yes Bank has raised Rs 1,000 crore against a targeted Rs 500 crore by issuing green infrastructure bonds.
Adlabs Entertainment’s initial public offer (IPO) is expected to open on March 10. The issue will close on March 12, as per the latest data available with the capital markets regulator Sebi.
IndusInd Bank will issue long-term infrastructure bonds or non-convertible debentures on private placement basis to raise about Rs 2,000 crore.
Finance Minister Arun Jaitley said that the top priority for the government is to meet its fiscal deficit despite the urgent need for investments. During a meeting at the Parliamentary Consultative Committee, Jaitley said that the global environment is ripe for India as an increasing number of investors are showing interest in the market. He added that the investments in infrastructure, manufacturing, and agriculture sector will take precedence in Budget over other segments.
Today is also the third and final day of IIFL’s sixth Enterprising India Conference. This year, we have nearly 100 participating companies, cumulatively valued at US$760bn. All major sectors are well represented and there is good representation across sizes. 34 companies have market cap of more than US$5bn, 34 companies have market cap of US$1-5bn, and 28 companies have market cap of less than US$1bn.
Jaitley said that the economic indicators are moving in the right direction, and the economic situation overall is convincing. He further said that the growth rate in current fiscal based on the old method is better than the previous year. He said that the economy expanded at 4.7% in 2013-14 fiscal as per old methodology while it grew 6.9% as per the new system.
Bharti Airtel is reportedly raising as much as $415 million through stake sale in Bharti Infratel.
DLF could see some action on reports that its sales bookings may cross Rs 3,000 crore this fiscal.
Investors will not able to buy and redeem mutual fund units on February 28 even as the stock markets remain open, says a report.
Jaitley said that the economic indicators are moving in the right direction, and the economic situation overall is convincing. He further said that the growth rate in current fiscal based on the old method is better than the previous year. He said that the economy expanded at 4.7% in 2013-14 fiscal as per old methodology while it grew 6.9% as per the new system.
Shares of ABG Shipyard ended 14% higher to Rs. 231 on reports that Mahindra Group is in talks with ABG Shipyard to acquire a large strategic stake in the maker of naval ships and vessels.
Shares of Jubilant Lifesciences ended flat at Rs 165 after company has received Abbreviated New Drug Application (ANDA) final approval from the US Food and Drug Administration (US FDA) for Irbesartan Tablets USP, 75 mg, 150 mg, and 300 mg and Cetirizine Hydrochloride Tablets (Chewable), 5 mg and 10 mg.
Visagar Polytex was locked at the 20 per cent upper circuit for the second straight trading session on the back of unusually high volume.
Infosys is planning to appoint SAP's chief technology officer for security, Gordon Muehl as its security czar, according to a report.
Dalmia Bharat Ltd has announced that the Company's subsidiary Company, Dalmia Cement (Bharat) Limited on February 25, 2015 has increased its stake in OCL India Limited from 48% to 74.6% through inter-se transfer within the promoter group of OCL India Limited.
Shares of SpiceJet ended 3% higher to Rs 24.95 on BSE after the airline has cleared all tax dues.
Shares of Godrej Consumer Products Ltd ended flat at Rs1125 after the company has announced that the Company has entered into an agreement with the Darling Group for increasing its shareholding in Darling South Africa and Mozambique businesses to 90% in line with its intent of gradually scaling up its ownership of the Darling businesses.
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