The market movement turned quite wobbly on Tuesday and a firm close did raise hopes that things are better off for India. But nervousness could remain ahead of the FOMC meet which concludes today.
The market movement turned quite wobbly on Tuesday and a firm close did raise hopes that things are better off for India. But nervousness could remain ahead of the FOMC meet which concludes today. The market’s patience will be tested as it awaits new words of wisdom from the Fed.
Back home in Parliament, the government is getting on the defensive and the Finance Minister has sought the opposition’s cooperation as India has a great opportunity to move forward. FY16 GDP growth is likely to be 8% he said adding that most investors are optimistic on India at this point. Developments on the Land Bill will be watched.
Back home in Parliament, the government is getting on the defensive and the Finance Minister has sought the opposition’s cooperation as India has a great opportunity to move forward. FY16 GDP growth is likely to be 8% he said adding that most investors are optimistic on India at this point. Developments on the Land Bill will be watched.
The outlook is a flat start. Sun Pharma could gain further as the government has cleared its acquisition of Ranbaxy Labs. Not much of a clear trend emerging from global market though the bias seems more on the negative side for now. US indices closed mixed with Dow and S&P 500 shedding weight while Nasdaq notched some gains. Asian markets are all in the green for now.
IMF Chief Christine Lagarde said that the growth has rebounded in the US and UK. However, domestic demand in Eurozone and Japan yet to recover fully. Lagarde, who is on her two-day visit in India, said that the global economy is expected to grow by about 3.7% next year.
Sun Pharmaceuticals Industries has surpasses the State Bank of India (SBI) in overall market capitalization ranking. Sun Pharma's market cap was Rs 2,16,637 crore, while SBI's market cap stood at 2,11,467 crore.
FIPB has sent HDFC Bank's proposal for further approval of the cabinet committee on economic affairs (CCEA), says a report.
Pricol Limited sold its 49% of shareholding in DENSO Pricol India Private Limited (DPIN) to DENSO Corporation, Japan on March 17, 2015 for a consideration of Rs. 200 mn.
KPIT Technologies stock was ended 6% lower at Rs. 193 after company has updated outlook for Q4FY15.The revenues for the fourth quarter of FY15 will be flat. There will be marginal growth in PAT for FY15 as compared to PAT for FY14.
Amtek Auto rallied 2.6% to Rs. 153 on reports that the company is all set to acquire Germany's Scholz Edelstahl through its Singapore-based subsidiary Amtek Precision Engineering for an undisclosed amount.
Jindal Steel & Power Ltd stock ended 9% lower at Rs 174 on reports that reports that the government is expected to reject two bids for Gare Palma and Tara coal blocks.
Gulf Oil Corporation hit the 20% upper limit at Rs. 169 after nearly 30 million shares changed hands in multiple block deals at the counter this morning. The stock finally ended with a 10 per cent gain at Rs. 155.
No comments:
Post a Comment