The BSE Mid-cap Index is trading up 0.22% at 10,649, whereas BSE Small-cap Index is trading up 0.29% at 10,891
The indices seem to be sitting on supports with less downside seen immediately. Lack of triggers may prevent an upmove and so what we have is a range-bound trade initially. Though the week ended mostly lower, top seven Sensex companies added Rs 21,942.99 crore in market valuation.
At 9:27 AM, the S&P BSE Sensex is trading at 28,352 up 91 points, while NSE Nifty is trading at 8,601 up 30 points.
The BSE Mid-cap Index is trading up 0.22% at 10,649, whereas BSE Small-cap Index is trading up 0.29% at 10,891.
Some buying activity is seen in Capital goods, healthcare, oil and gas, bankex and IT sectors, while realty sector is showing weakness on BSE.
Power Grid, Godrej Consumer Products, Bharti Airtel, Zee Entertainment Enterprises and RECL are among the gainers, whereas Jindal Steel & Power, NMDC, Hindustan Zinc, Glenmark, HDIL are losing sheen on BSE.
India's economy is likely to clock 8% growth in the next financial year and 8.3% in 2016-17, according to Fitch. Tata Motors could be in focus as its board will soon meet for a proposed Rs 7,500 crore rights issue. Glenmark Pharma could see pressure as it is facing restriction from manufacturing, marketing or selling its anti-diabetes drugs Zita and Zita-Met, says a report. .
In a major blow to Jindal Steel & Power, the government today said it was rejecting three of its successful bids in the recently-concluded coal block auctions, along with one by Balco, said media reports.
The RBI and Finance ministry appeared to be on the same page at a news conference on Sunday. "A public debt management agency as a professional organisation, independent of the (central) bank, independent of the government, is something that is desirable," Rajan said. "Besides time and the nature of resources it uses, how it works with the central bank and with the government, those are all details that the government is working to fill out. Those are the things that have to be determined," Rajan said.
Prime Minister Narendra Modi has assured farmers that their interest will be fully protected in implementation of revised land acquisition legislation. He also assured farmers that the Government is with them at a time when farmers are having tough time due to unseasonal rain and hailstorm which damaged rabi crops.
"Government aims to remove anomalies in land bill to benefit farmers, their families, villages," he said in his monthly radio broadcast 'Mann ki Baat' on Sunday.
To deepen capital markets, SEBI today pitched for allowing investment of pension money into various securities instruments and to create an enabling environment for REITs to flourish, as Finance Minister Arun Jaitley reviewed the state of capital markets in the country.
Lok Sabha passed 14 Bills during Budget session so far. The Coal bill got a nod from the Rajya Sabha (RS) members, making it the second bill to be passed as MMDR bill was passed by RS earlier. This will conclude the very successful day of the Narendra Modi goverment at the Rajya Sabha, where it is in minority.
Minister of Parliamentary Affairs M.Venkaiah Naidu has said that the first phase of the Budget session of Parliament that concluded today has been productive and has been the most significant and rewarding of the four sessions of Parliament since the Government assumed office in May, 2015. Naidu briefed the media on the outcomes of the Budget session so far.
According to reports, the Cabinet Committee on Economic Affairs has approved sale of equity in four state-owned companies including ONGC and NMDC which may fetch the exchequer Rs 22,574 crore, the Lok Sabha was informed on Friday.
On the other hand, Pharma, Energy, Infra and IT indices have gained 0.4 per cent each.
In Nifty-50 stocks - Bharti Airtel has jumped 1.5 per cent at Rs. 386. Zee Entertainment, Cipla, Tata Steel, Sun Pharma, Hindalco and Power Grid have also spurted over a per cent each.
On the other hand, Jindal Steel has slumped nearly 11 per cent to Rs. 147, on reports of that the government has cancelled bids of Jindal Steel and Balco for four coal blocks.
NMDC has dropped around 2 per cent at Rs. 129. DLF has also dropped a per cent at 158
The indices seem to be sitting on supports with less downside seen immediately. Lack of triggers may prevent an upmove and so what we have is a range-bound trade initially. Though the week ended mostly lower, top seven Sensex companies added Rs 21,942.99 crore in market valuation. At 9:27 AM, the S&P BSE Sensex is trading at 28,352 up 91 points, while NSE Nifty is trading at 8,601 up 30 points.
The BSE Mid-cap Index is trading up 0.22% at 10,649, whereas BSE Small-cap Index is trading up 0.29% at 10,891.
Some buying activity is seen in Capital goods, healthcare, oil and gas, bankex and IT sectors, while realty sector is showing weakness on BSE.
Power Grid, Godrej Consumer Products, Bharti Airtel, Zee Entertainment Enterprises and RECL are among the gainers, whereas Jindal Steel & Power, NMDC, Hindustan Zinc, Glenmark, HDIL are losing sheen on BSE.
India's economy is likely to clock 8% growth in the next financial year and 8.3% in 2016-17, according to Fitch. Tata Motors could be in focus as its board will soon meet for a proposed Rs 7,500 crore rights issue. Glenmark Pharma could see pressure as it is facing restriction from manufacturing, marketing or selling its anti-diabetes drugs Zita and Zita-Met, says a report. .
In a major blow to Jindal Steel & Power, the government today said it was rejecting three of its successful bids in the recently-concluded coal block auctions, along with one by Balco, said media reports.
The RBI and Finance ministry appeared to be on the same page at a news conference on Sunday. "A public debt management agency as a professional organisation, independent of the (central) bank, independent of the government, is something that is desirable," Rajan said. "Besides time and the nature of resources it uses, how it works with the central bank and with the government, those are all details that the government is working to fill out. Those are the things that have to be determined," Rajan said.
Prime Minister Narendra Modi has assured farmers that their interest will be fully protected in implementation of revised land acquisition legislation. He also assured farmers that the Government is with them at a time when farmers are having tough time due to unseasonal rain and hailstorm which damaged rabi crops.
"Government aims to remove anomalies in land bill to benefit farmers, their families, villages," he said in his monthly radio broadcast 'Mann ki Baat' on Sunday.
To deepen capital markets, SEBI today pitched for allowing investment of pension money into various securities instruments and to create an enabling environment for REITs to flourish, as Finance Minister Arun Jaitley reviewed the state of capital markets in the country.
Lok Sabha passed 14 Bills during Budget session so far. The Coal bill got a nod from the Rajya Sabha (RS) members, making it the second bill to be passed as MMDR bill was passed by RS earlier. This will conclude the very successful day of the Narendra Modi goverment at the Rajya Sabha, where it is in minority.
Minister of Parliamentary Affairs M.Venkaiah Naidu has said that the first phase of the Budget session of Parliament that concluded today has been productive and has been the most significant and rewarding of the four sessions of Parliament since the Government assumed office in May, 2015. Naidu briefed the media on the outcomes of the Budget session so far.
According to reports, the Cabinet Committee on Economic Affairs has approved sale of equity in four state-owned companies including ONGC and NMDC which may fetch the exchequer Rs 22,574 crore, the Lok Sabha was informed on Friday.
On the other hand, Pharma, Energy, Infra and IT indices have gained 0.4 per cent each.
In Nifty-50 stocks - Bharti Airtel has jumped 1.5 per cent at Rs. 386. Zee Entertainment, Cipla, Tata Steel, Sun Pharma, Hindalco and Power Grid have also spurted over a per cent each.
On the other hand, Jindal Steel has slumped nearly 11 per cent to Rs. 147, on reports of that the government has cancelled bids of Jindal Steel and Balco for four coal blocks.
NMDC has dropped around 2 per cent at Rs. 129. DLF has also dropped a per cent at 158
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