Auto, Consumer Durables, Power, banking, capital goods, healthcare,realty, FMCG are the gainers, while Bankex, Oil and gas and metal indices are losers.
At 9:22AM, the S&P BSE Sensex is trading at 28,203 up 14 points, while NSE Nifty is trading at 8,554 up 3 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, healthcare,realty, FMCG are the gainers, while Bankex, Oil and gas and metal indices are losers.
Sun Pharma could be in the news as some developments are expected to be announced tomorrow. Asian markets are undecided. US indices, which were doing well for most part of the day tumbled to end flat at close. The S&P 500, Dow Jones Industrial Average and Nasdaq registered marginal losses. China March ‘flash’ PMI fell to 49.2 vs February, the final read is 50.7.
Cleveland Federal Reserve President Loretta Mester said that the US monetary policy easing has created only minimal bubble-like activity in financial markets. Speaking at a conference at the Bank of France in Paris, Mester said the US central bank was aware of risks that easing could fuel bubbles. Mester further said that some segments of the equity market have shown some bubble-like things, but I never thought that they were that extraordinary.
Sebi is likely to reject a finance ministry proposal that seeks to halt trading in shares of PSUs in which the government is selling its stale on the day of the offer for sale (OFS), says a report.
Balasubramanian Ganesh, head of Wipro's banking products and solutions group, has resigned.
The information contained in documents from various ministries, have been allegedly leaked and complaints have been filed for using this information for insider trading in stocks. SEBI chairman has expressed concern over this since any insider trading will directly impact SEBI, as per a report.
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