The BSE Mid-cap Index is trading up 0.57% at 11,076, whereas BSE Small-cap Index is trading up 0.44% at 11,386.
The BSE Mid-cap Index is trading up 0.57% at 11,076, whereas BSE Small-cap Index is trading up 0.44% at 11,386.
Indian Rupee today opened higher by 16 paise at 65.56/$ in early trade on Wednesday. Indian rupee remained under pressure, with values gradually approaching towards 66 levels against the greenback. Growing perception of US Federal Reserve hiking interest rates in December is taking a toll on the emerging market currencies. On the global front, Global markets are upbeat following a surge in oil prices which pushed energy stocks higher. Tech stocks too flourished on Wall Street pushing the Nasdaq higher to end at a record high.
Global markets are upbeat following a surge in oil prices which pushed energy stocks higher. Tech stocks too flourished on Wall Street pushing the Nasdaq higher to end at a record high. Focus could be on stocks like Maruti Suzuki, Ashok Leyland, Yes Bank, Indiabulls Housing Finance, Bank of Baroda, Britannia and Cadila which reports state may be included in MSCI India index when a rejig is likely on Nov 12. The rupee could remain under pressure as oil importers may step up their dollar buying. Shares of GAIL and Tech Mahindra results will gain attention after they posted Q2 results. A host of companies will announce their numbers today and these include Marico, Ashok, Leyland, Bata India, Godrej Properties and IDBI Bank among others.
India has once again topped the Nielsen Global Survey of Consumer Confidence and Spending Intentions with 131 points, followed by the US (119), Philippines (117) and Indonesia (116). This is the sixth quarter in a row that India has topped the Nielsen Consumer Confidence survey. However, the number of respondents who felt that the Indian economy was still weak increased over the past one year.
Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds, for which applications will be accepted from November 5 to 20, says report.
Tech Mahindra Ltd has posted a profit after tax of Rs. 7856.30 mn for the quarter ended September 30, 2015 whereas the same was at Rs. 7196.40 mn for the quarter ended September 30, 2014.
Hero MotoCorp reported 11.25% rise in sales at 6,39,802 units in October.
Gail (India) Ltd has posted a net profit of Rs. 4405.10 million for the quarter ended September 30, 2015 as compared to Rs. 13029.00 million for the quarter ended September 30, 2014.
Finance Minister Arun Jaitley, while commenting on the rising price of the pulses in the country said that the prices will fall as there has been action taken against the hoarders.
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