The BSE Mid-cap Index is trading up 0.44% at 10,610, whereas BSE Small-cap Index is trading up 0.38% at 11,083.
At 9:25 AM, the S&P BSE Sensex is trading at 27,406 up 82 points, while NSE Nifty is trading at 8,287 up 24 points.
The BSE Mid-cap Index is trading up 0.44% at 10,610, whereas BSE Small-cap Index is trading up 0.38% at 11,083.
Hindalco Industries, ONGC, M&M, GAIL, BHEL and Dr. Reddy's are among the gainers, whereas Coal India, HUL, Wipro and HDFC are losing sheen on BSE.
FII activity will be in focus as they have pulled out nearly Rs. 17,000 crore in the first two weeks of May. For the Nifty, 8,350 is acting as a tough barrier for almost a month now. Technically speaking, this consolidation at the bottom has taken shape of a bullish Head & Shoulder pattern. A move above the same could result in reversal of the trend. Corporate results on the other hand will continue to pour in with heavyweights like Tata Steel, Colgate and Bajaj Auto to announce their earnings this week.
Global cues are quite subdued. US consumer sentiment fell more than expected in May and was at its lowest since October leading to US indices closing flat. Asian markets are mixed with Japan's Nikkei 225 up while Hong Kong's Hang Seng is trading lower. China's Shanghai index is flat for now.
Infrastructure Leasing & Financial Services (IL& FS) Group has raised $1 billion of financial support from Industrial and Commercial Bank of China, signifying increased collaboration between the two nations. The financial support has come amid Prime Minister Narendra Modi's visit to China. Funds raised will be used toward infrastructure-related financing in India.
SEBI has decided to fix ‘strict timelines’ for completing its enforcement actions and ensuring fast—track refund of money collected fraudulently from the investors, says a report.
The National Stock Exchange will auction investment limit for foreign investors to buy government debt securities worth Rs. 2,684 crore today.
Meanwhile, India’s industrial output growth during March slowed to 2.1%, compared with a reading of 4.1% in February.
The trade deficit for April 2015 was estimated at US $ 10992.30 million which was higher than the deficit of US $ 10085.95 million during April 2014.
Oil imports during April, 2015 were valued at US $ 7442.92 million which was 42.65 per cent lower than oil imports valued at US $ 12977.83 million in the corresponding period last year.
Petrol prices were increased on Friday by Rs 3.13 per litre and diesel by Rs 2.71 per litre.
U.S. shares ended changed on Friday, with the S&P 500 edging up to a record high. The Dow Jones rose 20.32 points, or 0.11 percent, to end at 18,272.56, while Nasdaq Composite dropped 2.50 points, or 0.05 percent, to 5,048.29.
Foreign exchange reserves hit an all-time high of $352.13 billion for the week ending May 8, recording a week-on-week growth of $262.4 million, Reserve bank of India data showed. Foreign currency assets, a key component, rose $262.7 million to $327.42 billion.
Bharti Airtel Limited said that it has received financing commitments of up to USD 2.5 Billion from China Development Bank and Industrial and Commercial Bank of China.The Company signed the term sheets for the financing options in the presence of Prime Minister of India, Narendra Modi, who is currently on an official visit to China. Subject to final agreements and requisite approvals, Bharti Airtel can draw these funds over a long availability period, depending on its financing requirements.
At 9:25 AM, the S&P BSE Sensex is trading at 27,406 up 82 points, while NSE Nifty is trading at 8,287 up 24 points.
The BSE Mid-cap Index is trading up 0.44% at 10,610, whereas BSE Small-cap Index is trading up 0.38% at 11,083.
Hindalco Industries, ONGC, M&M, GAIL, BHEL and Dr. Reddy's are among the gainers, whereas Coal India, HUL, Wipro and HDFC are losing sheen on BSE.
FII activity will be in focus as they have pulled out nearly Rs. 17,000 crore in the first two weeks of May. For the Nifty, 8,350 is acting as a tough barrier for almost a month now. Technically speaking, this consolidation at the bottom has taken shape of a bullish Head & Shoulder pattern. A move above the same could result in reversal of the trend. Corporate results on the other hand will continue to pour in with heavyweights like Tata Steel, Colgate and Bajaj Auto to announce their earnings this week.
Global cues are quite subdued. US consumer sentiment fell more than expected in May and was at its lowest since October leading to US indices closing flat. Asian markets are mixed with Japan's Nikkei 225 up while Hong Kong's Hang Seng is trading lower. China's Shanghai index is flat for now.
Infrastructure Leasing & Financial Services (IL& FS) Group has raised $1 billion of financial support from Industrial and Commercial Bank of China, signifying increased collaboration between the two nations. The financial support has come amid Prime Minister Narendra Modi's visit to China. Funds raised will be used toward infrastructure-related financing in India.
SEBI has decided to fix ‘strict timelines’ for completing its enforcement actions and ensuring fast—track refund of money collected fraudulently from the investors, says a report.
The National Stock Exchange will auction investment limit for foreign investors to buy government debt securities worth Rs. 2,684 crore today.
Meanwhile, India’s industrial output growth during March slowed to 2.1%, compared with a reading of 4.1% in February.
The trade deficit for April 2015 was estimated at US $ 10992.30 million which was higher than the deficit of US $ 10085.95 million during April 2014.
Oil imports during April, 2015 were valued at US $ 7442.92 million which was 42.65 per cent lower than oil imports valued at US $ 12977.83 million in the corresponding period last year.
Petrol prices were increased on Friday by Rs 3.13 per litre and diesel by Rs 2.71 per litre.
U.S. shares ended changed on Friday, with the S&P 500 edging up to a record high. The Dow Jones rose 20.32 points, or 0.11 percent, to end at 18,272.56, while Nasdaq Composite dropped 2.50 points, or 0.05 percent, to 5,048.29.
Foreign exchange reserves hit an all-time high of $352.13 billion for the week ending May 8, recording a week-on-week growth of $262.4 million, Reserve bank of India data showed. Foreign currency assets, a key component, rose $262.7 million to $327.42 billion.
Bharti Airtel Limited said that it has received financing commitments of up to USD 2.5 Billion from China Development Bank and Industrial and Commercial Bank of China.The Company signed the term sheets for the financing options in the presence of Prime Minister of India, Narendra Modi, who is currently on an official visit to China. Subject to final agreements and requisite approvals, Bharti Airtel can draw these funds over a long availability period, depending on its financing requirements.
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