The BSE Mid-cap Index is trading up 0.75% at 10,625, whereas BSE Small-cap Index is trading up 0.59% at 11,396.
At 9:27 AM, the S&P BSE Sensex is trading at 27,982 up 92 points, while NSE Nifty is trading at 8,465 up 35 points.
The BSE Mid-cap Index is trading up 0.75% at 10,625, whereas BSE Small-cap Index is trading up 0.59% at 11,396.
Tata Power, Tata Steel, Coal India, Maruti Suzuki India, Axis Bank and HDFC Bank are among the gainers, whereasWipro,
Sesa Sterlite, M&M, NTPC and L&T are losing sheen on BSE.
The market is having a hell of a ride these days. When Finance Minister Arun Jaitley announced in the Union Budget that FIIs will not be required to pay Minimum Alternate Tax (MAT) from April 2015, there may have been a sigh of relief. What then is spooking the market and investor sentiment, especially those of FIIs? Apparently, the tax department and the government seem to believe that this tax can be levied for previous years, a report stated quoting the FM recently stating that the government can garner Rs. 40,000 crore through this tax. It took a conference call by Minister of State for Finance Jayant Sinha with FIIs to soothe frayed nerves. Sinha reportedly said investors could be "rest assured" that the government was acting to make it possible to invest with confidence, and would back a stable tax policy. That brought the indices hit by weather forecast into the green on Wednesday.
Rajya Sabha will reconvene for second part of Budget session. Global cues are healthy this morning. The Dow and S&P 500 gained around half a percent each while Nasdaq added 0.42%. Asian markets are also up. The India Meteorological Department said Southwest monsoon received by the country this year could be below normal, at 93% of the long-period average.
China's factory activity contracted at its fastest pace in a year in April. The flash HSBC/Markit Purchasing Managers' Index (PMI) fell to 49.2 in April, below the 50-point level that separates growth in activity from a contraction on a monthly basis.
Rakesh Jhunjhunwala has reportedly sold or trimmed his holdings in two stocks — Pipavav Defence and Offshore Engineering Company and Prime Focus after the Anil Dhirubhai Ambani Group (ADAG) bought large stakes in them.
The Hero Group's 'Mindmine Summit 2015' will get underway in New Delhi. Corporate honchos are expected to be in attendance here.
The Green Tribunal has deferred Delhi diesel vehicle ban case hearing to Mon.
NITI Aayog’s Panagariya says he expect the economy to grow at 8-10% in 15 yrs.
Tata Steel has denied a report that it is looking to buy Electrosteel Steels
Sun Pharmaceutical Industries clarified that Dilip Shanghvi from Daiichi Sankyo, we hereby state and confirm that the promoter, Mr. Dilip Shanghvi has neither purchased nor agreed to purchase any shares of our Company in the said transaction." The exchange has also sought clarification with regard to Sun Pharma's Promoter Dilip Sanghvi to buy partial stake for Rs. 22500 crs.
Fitch Ratings has assigned India-based Bharat Petroleum Corporation Limited's (BPCL; BBB-/Stable) proposed notes an expected rating of 'BBB-(EXP)'. The notes are to be issued out of its USD2bn medium-term note programme, rated 'BBB-'.The notes will constitute direct, unconditional, unsubordinated and unsecured obligations of BPCL.
Ashoka Buildcon Ltd has announced that QIP Committee of the Company at its meeting held on April 22, 2015, approved the issue and allotment of 2,84,41,411 Equity Shares of face value Rs. 5 each to eligible Qualified Institutional Buyers (QIB) at the issue price of Rs. 175.80 per Equity Share, aggregating approximately Rs. 500.00 Cr.
SpiceJet plans to ramp up its international operations from Cochin International Airport as it adds more aircraft. The airline plans to enhance its network from Kochi to the Gulf region with more flights, as well as increase connectivity to Male through Kochi from other points in India.
The BSE Mid-cap Index is trading up 0.75% at 10,625, whereas BSE Small-cap Index is trading up 0.59% at 11,396.
Tata Power, Tata Steel, Coal India, Maruti Suzuki India, Axis Bank and HDFC Bank are among the gainers, whereasWipro,
Sesa Sterlite, M&M, NTPC and L&T are losing sheen on BSE.
The market is having a hell of a ride these days. When Finance Minister Arun Jaitley announced in the Union Budget that FIIs will not be required to pay Minimum Alternate Tax (MAT) from April 2015, there may have been a sigh of relief. What then is spooking the market and investor sentiment, especially those of FIIs? Apparently, the tax department and the government seem to believe that this tax can be levied for previous years, a report stated quoting the FM recently stating that the government can garner Rs. 40,000 crore through this tax. It took a conference call by Minister of State for Finance Jayant Sinha with FIIs to soothe frayed nerves. Sinha reportedly said investors could be "rest assured" that the government was acting to make it possible to invest with confidence, and would back a stable tax policy. That brought the indices hit by weather forecast into the green on Wednesday.
Rajya Sabha will reconvene for second part of Budget session. Global cues are healthy this morning. The Dow and S&P 500 gained around half a percent each while Nasdaq added 0.42%. Asian markets are also up. The India Meteorological Department said Southwest monsoon received by the country this year could be below normal, at 93% of the long-period average.
China's factory activity contracted at its fastest pace in a year in April. The flash HSBC/Markit Purchasing Managers' Index (PMI) fell to 49.2 in April, below the 50-point level that separates growth in activity from a contraction on a monthly basis.
Rakesh Jhunjhunwala has reportedly sold or trimmed his holdings in two stocks — Pipavav Defence and Offshore Engineering Company and Prime Focus after the Anil Dhirubhai Ambani Group (ADAG) bought large stakes in them.
The Hero Group's 'Mindmine Summit 2015' will get underway in New Delhi. Corporate honchos are expected to be in attendance here.
The Green Tribunal has deferred Delhi diesel vehicle ban case hearing to Mon.
NITI Aayog’s Panagariya says he expect the economy to grow at 8-10% in 15 yrs.
Tata Steel has denied a report that it is looking to buy Electrosteel Steels
Sun Pharmaceutical Industries clarified that Dilip Shanghvi from Daiichi Sankyo, we hereby state and confirm that the promoter, Mr. Dilip Shanghvi has neither purchased nor agreed to purchase any shares of our Company in the said transaction." The exchange has also sought clarification with regard to Sun Pharma's Promoter Dilip Sanghvi to buy partial stake for Rs. 22500 crs.
Fitch Ratings has assigned India-based Bharat Petroleum Corporation Limited's (BPCL; BBB-/Stable) proposed notes an expected rating of 'BBB-(EXP)'. The notes are to be issued out of its USD2bn medium-term note programme, rated 'BBB-'.The notes will constitute direct, unconditional, unsubordinated and unsecured obligations of BPCL.
Ashoka Buildcon Ltd has announced that QIP Committee of the Company at its meeting held on April 22, 2015, approved the issue and allotment of 2,84,41,411 Equity Shares of face value Rs. 5 each to eligible Qualified Institutional Buyers (QIB) at the issue price of Rs. 175.80 per Equity Share, aggregating approximately Rs. 500.00 Cr.
SpiceJet plans to ramp up its international operations from Cochin International Airport as it adds more aircraft. The airline plans to enhance its network from Kochi to the Gulf region with more flights, as well as increase connectivity to Male through Kochi from other points in India.
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