The BSE Mid-cap Index is trading up 0.20% at 10,672, whereas BSE Small-cap Index is trading up 0.34% at 11,245.
At 9:24 AM, the S&P BSE Sensex is trading at 27,894 up 56 points, while NSE Nifty is trading at 8,434 up 10 points.
The BSE Mid-cap Index is trading up 0.20% at 10,672, whereas BSE Small-cap Index is trading up 0.34% at 11,245.
Some buying activity is seen in auto, banking, consumer durable, capital goods, IT and metal sectors, while fmcg sector is showing weakness on BSE.
Coal India, Axis Bank, Reliance Industries, State Bank of India and Infosys are among the gainers, whereas Tata Steel, Bajaj Auto, GAIL, Cipla and Hero Motocorp are losing sheen on BSE.
As Prime Minister Narendra Modi meets ministers today to take stock of 1-year performance of NDA government, there is reason to cheer overall for investors. Global Funds, Asia-Pacific Funds and Emerging Market Funds are overweight on India by 120 to 500 basis points (bps) compared with their benchmark indices, says a report. In fact, this is the highest weight these global funds have accorded to any emerging market in the past 20 years, a report adds.
On Wednesday, IT stocks brought in some life to the market. Among the results today include Bajaj Auto, ZEE Entertainment, CESC, Indiabulls Real Estate and Voltas. Global investors will keep an eye on PMI of various countries including the Eurozone, Bank of Japan’s monetary policy; UK retail sales and US jobless claims, existing home sales. The rupee could see some weakness and the dollar is firming up against global currencies.
RIL could be in focus on reports that finance ministry would verify antecedents of 22 foreign lenders to RIL-operated KGD6, says a report. Man Infra could gain attention again on reports that it may sell its realty project shares to Dilip Sanghvi.
Ultratech Cement Ltd is planning to acquire JP's Bhilai Plant at Enterprise value of Rs. 2,100-2,200 Crore.The debt of JP Group's Bhilai Cement Plant stands at Rs. 558 Crore, says a report
Alkem Labs reportedly said that it will file DRHP by July. The company plans to Complete IPO process by November-December, according to report.
The BSE Mid-cap Index is trading up 0.20% at 10,672, whereas BSE Small-cap Index is trading up 0.34% at 11,245.
Some buying activity is seen in auto, banking, consumer durable, capital goods, IT and metal sectors, while fmcg sector is showing weakness on BSE.
Coal India, Axis Bank, Reliance Industries, State Bank of India and Infosys are among the gainers, whereas Tata Steel, Bajaj Auto, GAIL, Cipla and Hero Motocorp are losing sheen on BSE.
As Prime Minister Narendra Modi meets ministers today to take stock of 1-year performance of NDA government, there is reason to cheer overall for investors. Global Funds, Asia-Pacific Funds and Emerging Market Funds are overweight on India by 120 to 500 basis points (bps) compared with their benchmark indices, says a report. In fact, this is the highest weight these global funds have accorded to any emerging market in the past 20 years, a report adds.
On Wednesday, IT stocks brought in some life to the market. Among the results today include Bajaj Auto, ZEE Entertainment, CESC, Indiabulls Real Estate and Voltas. Global investors will keep an eye on PMI of various countries including the Eurozone, Bank of Japan’s monetary policy; UK retail sales and US jobless claims, existing home sales. The rupee could see some weakness and the dollar is firming up against global currencies.
RIL could be in focus on reports that finance ministry would verify antecedents of 22 foreign lenders to RIL-operated KGD6, says a report. Man Infra could gain attention again on reports that it may sell its realty project shares to Dilip Sanghvi.
Ultratech Cement Ltd is planning to acquire JP's Bhilai Plant at Enterprise value of Rs. 2,100-2,200 Crore.The debt of JP Group's Bhilai Cement Plant stands at Rs. 558 Crore, says a report
Alkem Labs reportedly said that it will file DRHP by July. The company plans to Complete IPO process by November-December, according to report.
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