The BSE Mid-cap Index is trading up 0.64% at 10,719, whereas BSE Small-cap Index is trading up 0.65% at 11,260.
At 9:20 AM, the S&P BSE Sensex is trading at 27,850 up 205 points, while NSE Nifty is trading at 8,417 up 51 points.
The BSE Mid-cap Index is trading up 0.64% at 10,719, whereas BSE Small-cap Index is trading up 0.65% at 11,260.
Tata Power, Bhel, M&M, ICICI Bank and State Bank of India are among the gainers, whereas Tata Steel and Hindalco Industries are losing sheen on BSE.
The market saw all its gains vanishing on Tuesday as profit booking set in, especially in the banking counters. The government has proposed exempting interest earned on gold deposits from income tax, wealth tax or capital gains tax. It is also examining the option of allowing banks to use gold deposited under the monetisation scheme announced in the Budget as a part of their cash reserve and statutory liquidity. The draft gold monetisation scheme seeks to bring in small investors by lowering the minimum gold that can be deposited to 30g from 500g.
Back to the market, the situation appears better this morning. Indices could start off on a cheerful note buoyed by global cues. Reliance Communications could take over Sistema Shyam Teleservices (SSTL) in an all-stock deal. Expect action in these counters. Tata Steel has already addressed some concerns so disappointment may be less on the counter as it announces its numbers. DLF, Aarti Drugs, Bajaj Finance, Archies, Bharat Forge and Brigade are among the other counters which will see action based on their results.
The Dow was up 0.07% while S&P closed a tad lower. Nasdaq shed 0.17%. Japan's Nikkei 225 index was trading higher, Hong Kong's Hang Seng index was lower and China's Shanghai index is in the green.
The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has already granted approval for stake sale worth about Rs 50,000 crore (at current prices) in about 20 companies, says a report.
The NSE had about 5.2 million active clients for all stock brokers of the exchange.
The valuation of holdings by domestic institutional investors (DIIs) in National Stock Exchange (NSE)-listed firms hit a six-year high of Rs 10.21 lakh crore at the end of March, on account of buoyant markets, says Prime Database. In percentage terms, DII holding in NSE-listed companies went up to 5.01 per cent at the end of March 31, compared with 4.58 per cent on an aggregate basis.
Reliance Industries Limited announced that it has priced its Regulation S offering of US$ 200 million 5% Senior Unsecured Callable Notes due 2035 (the “Notes”).These Notes, denominated in US dollars, have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on Taipei Exchange (formerly known as GreTai Securities Market). Such notes are commonly known as Formosa Bonds.
Deutsche Bank AG, Taipei Branch and HSBC Bank (Taiwan) Limited acted as Joint Bookrunners and Lead Managers on the transaction. Morgan Stanley & Co. International plc acted as the Structuring Agent on the transaction.
The BSE Mid-cap Index is trading up 0.64% at 10,719, whereas BSE Small-cap Index is trading up 0.65% at 11,260.
Tata Power, Bhel, M&M, ICICI Bank and State Bank of India are among the gainers, whereas Tata Steel and Hindalco Industries are losing sheen on BSE.
The market saw all its gains vanishing on Tuesday as profit booking set in, especially in the banking counters. The government has proposed exempting interest earned on gold deposits from income tax, wealth tax or capital gains tax. It is also examining the option of allowing banks to use gold deposited under the monetisation scheme announced in the Budget as a part of their cash reserve and statutory liquidity. The draft gold monetisation scheme seeks to bring in small investors by lowering the minimum gold that can be deposited to 30g from 500g.
Back to the market, the situation appears better this morning. Indices could start off on a cheerful note buoyed by global cues. Reliance Communications could take over Sistema Shyam Teleservices (SSTL) in an all-stock deal. Expect action in these counters. Tata Steel has already addressed some concerns so disappointment may be less on the counter as it announces its numbers. DLF, Aarti Drugs, Bajaj Finance, Archies, Bharat Forge and Brigade are among the other counters which will see action based on their results.
The Dow was up 0.07% while S&P closed a tad lower. Nasdaq shed 0.17%. Japan's Nikkei 225 index was trading higher, Hong Kong's Hang Seng index was lower and China's Shanghai index is in the green.
The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has already granted approval for stake sale worth about Rs 50,000 crore (at current prices) in about 20 companies, says a report.
The NSE had about 5.2 million active clients for all stock brokers of the exchange.
The valuation of holdings by domestic institutional investors (DIIs) in National Stock Exchange (NSE)-listed firms hit a six-year high of Rs 10.21 lakh crore at the end of March, on account of buoyant markets, says Prime Database. In percentage terms, DII holding in NSE-listed companies went up to 5.01 per cent at the end of March 31, compared with 4.58 per cent on an aggregate basis.
Reliance Industries Limited announced that it has priced its Regulation S offering of US$ 200 million 5% Senior Unsecured Callable Notes due 2035 (the “Notes”).These Notes, denominated in US dollars, have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on Taipei Exchange (formerly known as GreTai Securities Market). Such notes are commonly known as Formosa Bonds.
Deutsche Bank AG, Taipei Branch and HSBC Bank (Taiwan) Limited acted as Joint Bookrunners and Lead Managers on the transaction. Morgan Stanley & Co. International plc acted as the Structuring Agent on the transaction.
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