Wednesday 10 June 2015

Sensex rallies 200 points; capital goods, banking stocks gain

The BSE Mid-cap Index is trading up 1.01% at 10,264, whereas BSE Small-cap Index is trading up 0.77% at 10,744. 

At 9:25 AM, the S&P BSE Sensex is trading at 26,718 up 237  points, while NSE Nifty is trading at 8,088 up 66 points.

The BSE Mid-cap Index is trading up 1.01% at 10,264, whereas BSE Small-cap Index is trading up 0.77% at 10,744.

State Bank of India, BHEL, Tata Power, ONGC, L&T, HDFC, Axis Bank and Bharti Airtel are among the gainers, whereas GAIL and Tata Motors are losing sheen on BSE.

The Dow and S&P ended while Nasdaq was lower by 0.15%.  Japan's Nikkei is trading higher and so is  Hong Kong's Hang Seng index. China's Shanghai index is down half a percent.  Indices will look at staging some recovery today if global cues offer support later in the day.

Adani group is tapping the global debt market with its maiden dollar bond issuance for the flagship Adani Ports and SEZ (APSEZ). The company is looking to raise $1-1.5 billion from investors, said multiple sources aware of the matter, says a report.

SEBI is seeking clarification from fashion and apparels brand Numero Uno regarding proposed initial public offer  (IPO), according to reports.SEBI has reportedly said that it is awaiting response from the Lead Manager for the  proposed public offer of Numero Uno Clothing Ltd.The company filed  IPO papers with Securities and Exchange Board  of India (Sebi) on April 30.

KEC International Ltd has bagged order worth Rs. 1,002 crore.

Sanofi has sued Lupin in US  for heart drug Multaq patent infringement, according to reports.

Non-performing assets (NPAs) worth only about Rs. 12,000-14,000 crore are expected to be bought by asset  reconstruction companies (ARCs) in the current fiscal 2016 thereby underscoring low systemic absorption  capability, according to a just concluded ASSOCHAM-CRISIL joint study.

April-May Direct provisional tax Revenue stands at Rs, 34,000 crore, according to Government Official.

The Board of Directors of ICICI Bank Limited approved the appointment of M. K. Sharma as the non-executive Chairman of the Board for a period of five years, in place of K. V. Kamath who would shortly step down from the Board consequent to his nomination as the first President of the New Development Bank being established by the BRICS nations. The appointment of the new non-executive Chairman is subject to the prior approval of Reserve Bank of India (RBI) and would be effective July 1, 2015 or the date of receipt of RBI approval, whichever is later. 

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