Global markets are providing the much needed push to help indices spurt at start. The Dow is up for the year after it added close to a percent on Monday. S&P 500 gained 1.19% and managed a close above 2100. Nasdaq was among the biggest gainers adding 1.45%. Asian markets too are trading well in the green.
The outlook is a positive start. Indices could swing later in the day. Global markets are providing the much needed push to help indices spurt at start. Sectors which were at the receiving end on Monday may see some buying today. These include capital goods, metals, healthcare and power stocks. The Dow is up for the year after it added close to a percent on Monday. S&P 500 gained 1.19% and managed a close above 2100. Nasdaq was among the biggest gainers adding 1.45%. Asian markets too are trading well in the green.
Foreign investors continue to have faith in the India story, with the auction of government bonds witnessing bids nearly twice the debt securities on offer on Monday. The auction of debt securities received bids worth Rs. 1,678 crore (US$257 million), almost double the securities on offer Rs. 852 crore (US$131 million).
Amtek Auto said on Monday that it has appointed US-based investment bank Morgan Stanley to advise the company on its debt reduction plan. "The company has received a large number of enquiries to buy out a couple of its overseas businesses, including Tekfor, which it bought out of insolvency two years ago," the company said in an exchange filing.
Eros International Plc. on Monday said that it has engaged the US law firm Skadden, Arps, Slate, Meagher & Flom LLP to conduct an independent review into alleged financial wrongdoing. In the past few days, Eros International has been fighting allegations of financial misreporting linked to its business in the United Arab Emirates (UAE).
Tata Realty & Infrastructure Ltd. (TRIL) and its new investor partner Standard Chartered Private Equity, plan to build commercial office projects and list the assets through a real estate investment trust (REIT), reports a financial daily.
The CBI’s appeal against the Delhi High Court order quashing charges against Prakash Industries and its director in a coal block allocation case will come up before the Supreme Court today, says a report in HBL.
ATF or jet fuel price has been cut marginally, while rate of non-subsidised cooking gas LPG has been increased by Rs 27.50. Aviation Turbine Fuel (ATF) price in Delhi has been cut by Rs 142.56 per kilolitre, or 0.3 per cent, to Rs 43,041.61 per kilolitre, oil companies said.
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