The BSE Mid-cap Index is trading up 0.18% at 10,730, whereas BSE Small-cap Index is trading up 0.19% at 11,255. Sun Pharma, Tata Motors, BHEL, ITC, L&T and NTPC are among the gainers, whereas Infosys, ONGC, Vedanta, GAIL, Hero MotoCorp, Hindalco and TCS are losing sheen on BSE.
The BSE Mid-cap Index is trading up 0.18% at 10,730, whereas BSE Small-cap Index is trading up 0.19% at 11,255.
Sun Pharma, Tata Motors, BHEL, ITC, L&T and NTPC are among the gainers, whereas Infosys, ONGC, Vedanta, GAIL, Hero MotoCorp, Hindalco and TCS are losing sheen on BSE.
The Indian rupee opened lower by 11 paise at 66.13/$ in early trade on Wednesday.
Indian rupee lost ground, with values moving again above 66 levels against the greenback. Burgeoning strength in US dollar against the basket of major currencies is taking a toll on the emerging markets. In addition, Indian rupee was also weighed down by subdued export numbers. In this respect, Indian exports during October contracted 17.5% on yoy basis.
The mid-cap and small-cap stocks will continue to see action. The rupee could see some firming up. Geopolitical worries have put pressure on US indices. The Dow ended flat while S&P 500 closed marginally lower. Nasdaq managed to close a tad higher. Asian markets are also on a subdued note. The FOMC minutes later today will be in focus for international investors.
NITI Aayog vice-chairman Arvind Panagariya says he is optimistic about Indian achieving 8% growth this year and is awaiting Q2FY16 growth figures.
After posting an operating loss of Rs. 690.44 crore in the previous financial year, BSNL has clocked an operating profit of Rs. 672 crore in the year ended March 2015.
The Supreme Court issued notices to the Centre, Vedanta and others on a PIL challenging the Goa government’s decision to renew 88 iron ore mining leases in the state.
Coal India Ltd. (CIL) on Tuesday announced appointment of five independent directors, filling five of seven posts that had been lying vacant for over a year.
The Prime Minister’s office (PMO) has reportedly asked the Department of Pharmaceuticals to probe the steep price increases on generic medicines that drug makers sell through the distributors.
Larsen & Toubro (L&T) has decided to defer the sale of its wholly-owned subsidiary L&T Valves, as the company focuses on the initial public offering (IPO) of its Information Technology subsidiary, reports a business daily.
Marginal increase in the prices of onions in the past week and in the prices of tomatoes is largely on account of disruption of supplies from the Southern States which have witnessed severe, unprecedented rainfall over the last one week.
AK Srinivasan, Director-Finance ONGC reportedly said that realizations were lower in the Q2 at USD 49 per barrel. AK Srinivasan expects oil production to cross 26 million tonnes this year.
Finance Minister Arun Jaitley reportedly said low oil prices have created a favourable environment for the Indian economy as it helped to absorb the loss faced by state-run marketers and kept inflation under control.
ASSOCHAM study has revealed that India’s export competitiveness has been eroded because of the steady real appreciation of rupee and therefore we should not be so concerned about a strong exchange rate.
Reckitt Benckiser is planning to sell some non-core brands.
NITI Aayog vice-chairman Arvind Panagariya says he is optimistic about Indian achieving 8% growth this year and is awaiting Q2FY16 growth figures.
After posting an operating loss of Rs. 690.44 crore in the previous financial year, BSNL has clocked an operating profit of Rs. 672 crore in the year ended March 2015.
The Supreme Court issued notices to the Centre, Vedanta and others on a PIL challenging the Goa government’s decision to renew 88 iron ore mining leases in the state.
Coal India Ltd. (CIL) on Tuesday announced appointment of five independent directors, filling five of seven posts that had been lying vacant for over a year.
The Prime Minister’s office (PMO) has reportedly asked the Department of Pharmaceuticals to probe the steep price increases on generic medicines that drug makers sell through the distributors.
Larsen & Toubro (L&T) has decided to defer the sale of its wholly-owned subsidiary L&T Valves, as the company focuses on the initial public offering (IPO) of its Information Technology subsidiary, reports a business daily.
Marginal increase in the prices of onions in the past week and in the prices of tomatoes is largely on account of disruption of supplies from the Southern States which have witnessed severe, unprecedented rainfall over the last one week.
AK Srinivasan, Director-Finance ONGC reportedly said that realizations were lower in the Q2 at USD 49 per barrel. AK Srinivasan expects oil production to cross 26 million tonnes this year.
Finance Minister Arun Jaitley reportedly said low oil prices have created a favourable environment for the Indian economy as it helped to absorb the loss faced by state-run marketers and kept inflation under control.
ASSOCHAM study has revealed that India’s export competitiveness has been eroded because of the steady real appreciation of rupee and therefore we should not be so concerned about a strong exchange rate.
Reckitt Benckiser is planning to sell some non-core brands.
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