Lupin will make its entry into the Sensex today while Tata Power will bid farewell to the index. Infosys will be eyed as its AGM takes place today.
Nature has been kind in showering rain over the weekend and how the monsoon progresses in areas where it is needed the most will be closely watched. The Indian equity market extended its winning run into the sixth straight trading session on the back of strong gains in select auto, financials, IT and energy stocks.
The outlook is a tentative start as the market is set to open with slight gains given the positive global cues. Indices may struggle at higher levels as the recent run-up has been at a hectic pace. The market may well consolidate in a range unless some developments emerge in Greece. Global factors, F&O expiry and FII inflows are set to dictate the near-term direction.
Lupin will make its entry into the Sensex today while Tata Power will bid farewell to the index. Infosys will be eyed as its AGM takes place today. Mastek could gain depending on whether shareholders of New Jersey based Cover-All Technologies agree on a possible merger with Majesco — the US subsidiary of Mastek.
Finance Minister Arun Jaitley has reiterated India's growth rate could be in the range of 7-7.5 percent on the back planned economic reforms. The FM met top US officials in US and has raised India’s concerns over key bilateral issues, including totalisation agreement and the proposed Bilateral Investment Treaty, says a report. The FM will meet representatives of pension funds and other long- term investors to allay their concerns over tax issues and ease of investing in India.
Those on this to meet list include California Public Employees' Retirement System (CalPERS), California State Teachers' Retirement System (CalSTRS), Intel Corporate Pension Plan, Los Angeles County Employees' Retirement Association (LACERA), Medley Partners and University of California and University of Stanford.
State Bank of India could see action as it plans to launch its second dollar bond sale of the fiscal year to raise ~$1.5 billion.
With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own, says a report.
The RBI on behalf of the government is planning to issue sovereign gold bonds, to control trade deficit. According to the draft paper, gold bonds will be issued for tenures of five to seven years, in denominations of 2, 5 and 10 gram. The bond will be priced at the prevailing market price for gold.At the time of maturity again, the bond will be redeemed at gold’s prevailing market price.
The US market still ended with its best week in nearly two months after getting a boost from the Federal Reserve on Wednesday. The Fed's dovish statement from Wednesday afternoon boosted investor sentiment amid the Greece debt talks.
The foreign exchange reserves hit all-time high of $354.29 billion for the week ended June 12, according to RBI data.
According to Ratan Tata, the valuations of e-commerce companies are "very high"."It's true valuations are very high and valuations seem to be driving these companies more than the more traditional metrics of valuations," he said at an industry event.
Attorney General (AG) Mukul Rohatgi has reportedly told the government it should grant security clearances to 33 television channels of Sun Television Network (Sun TV). The Promoters Kalanithi Maran and his wife hold 75 per cent in the company.
The outlook is a tentative start as the market is set to open with slight gains given the positive global cues. Indices may struggle at higher levels as the recent run-up has been at a hectic pace. The market may well consolidate in a range unless some developments emerge in Greece. Global factors, F&O expiry and FII inflows are set to dictate the near-term direction.
Lupin will make its entry into the Sensex today while Tata Power will bid farewell to the index. Infosys will be eyed as its AGM takes place today. Mastek could gain depending on whether shareholders of New Jersey based Cover-All Technologies agree on a possible merger with Majesco — the US subsidiary of Mastek.
Finance Minister Arun Jaitley has reiterated India's growth rate could be in the range of 7-7.5 percent on the back planned economic reforms. The FM met top US officials in US and has raised India’s concerns over key bilateral issues, including totalisation agreement and the proposed Bilateral Investment Treaty, says a report. The FM will meet representatives of pension funds and other long- term investors to allay their concerns over tax issues and ease of investing in India.
Those on this to meet list include California Public Employees' Retirement System (CalPERS), California State Teachers' Retirement System (CalSTRS), Intel Corporate Pension Plan, Los Angeles County Employees' Retirement Association (LACERA), Medley Partners and University of California and University of Stanford.
State Bank of India could see action as it plans to launch its second dollar bond sale of the fiscal year to raise ~$1.5 billion.
With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own, says a report.
The RBI on behalf of the government is planning to issue sovereign gold bonds, to control trade deficit. According to the draft paper, gold bonds will be issued for tenures of five to seven years, in denominations of 2, 5 and 10 gram. The bond will be priced at the prevailing market price for gold.At the time of maturity again, the bond will be redeemed at gold’s prevailing market price.
The US market still ended with its best week in nearly two months after getting a boost from the Federal Reserve on Wednesday. The Fed's dovish statement from Wednesday afternoon boosted investor sentiment amid the Greece debt talks.
The foreign exchange reserves hit all-time high of $354.29 billion for the week ended June 12, according to RBI data.
According to Ratan Tata, the valuations of e-commerce companies are "very high"."It's true valuations are very high and valuations seem to be driving these companies more than the more traditional metrics of valuations," he said at an industry event.
Attorney General (AG) Mukul Rohatgi has reportedly told the government it should grant security clearances to 33 television channels of Sun Television Network (Sun TV). The Promoters Kalanithi Maran and his wife hold 75 per cent in the company.
No comments:
Post a Comment