Some buying activity is seen in consumer durable, pharma, banking, auto and capital goods sectors, while FMCG sector is showing weakness on BSE. The BSE Mid-cap Index is trading up 0.45% at 10,984, whereas BSE Small-cap Index is trading up 0.79% at 11,684.
The BSE Mid-cap Index is trading up 0.45% at 10,984, whereas BSE Small-cap Index is trading up 0.79% at 11,684.
Some buying activity is seen in consumer durable, pharma, banking, auto and capital goods sectors, while FMCG sector is showing weakness on BSE.
Tata Steel, Hindalco, Sun Phrama, Hero MotoCorp, Vedanta, Infosys and Cipla are among the gainers, whereas ITC, NTPC, ONGC, M&M and Dr. Reddy's are losing sheen on BSE.
The Indian rupee opened at 66.70/$ in early trade on Monday. A US rate hike could potentially lead to massive amounts of pullback of foreign funds from emerging economies like India. Fed Forward rate curves are now suggesting 79% probability of 25 basis points move on the rates. The volatility will increase as we move towards December 16th Fed policy meeting.
The week has macroeconomic numbers like IIP and trade data being announced. With OPEC announcing plans to roll over its policy of maintaining crude production, crude prices will be on radar.
Prem Watsa-controlled Fairfax Financial Holdings and Singapore's Changi Airports International are in talks with GMR Group to invest around Rs 3,200 crore to pick up a 30% stake in the latter's airport business, according to reports.
Cipla has reshuffled its senior management team. This move comes as Cipla executes a business transformation initiated by chief executive officer Subhanu Saxena, who took charge in 2013.
Canada has sent the first uranium consignment of 250 tonnes to India for the latter's nuclear power reactors, reports a financial newspaper.
Adani Ports is planning to complete its own ‘Sagarmala’ dream by having presence in the three key States of Maharashtra, Karnataka and Andhra Pradesh, according to reports.
Essar Oil Ltd. has set a floor price of Rs. 146.05 per share to buy out minority shareholders. On Friday, shares of Essar Oil closed at INR 210.15.
The European Central Bank's announcement that it will extend its asset purchase programme (APP) and further reduce its deposit rate supports our view that the eurozone will experience low, sub-target inflation but not protracted deflation, Fitch Ratings says.
Reliance Defence has reportedly applied for an additional 16 industrial licences after winning 12 licences from the Government recently.
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 56 (fifty six) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
With the domestic production of coal increasing, more focus will be on the coastal movement of coal, Karan Adani told a business daily on Friday.
Department of Financial Services conducted a Review Meeting with all the Public and Private Sector Banks and reviewed the banking services in Chennai and other flood affected districts in State of Tamil Nadu.
The State Governments are fully empowered under the E.C. Act to regulate production, distribution, supply and prices of the food items being essential commodities in the respective States.
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