Indices could see pressure at higher levels as global cues are not offering much support for now. Asian indices are mostly flat to lower. US blue chip stock indices managed to post modest gains on Monday owing to rising oil prices while the technology stocks lost some ground. The Dow Jones Industrial Average gained 67.18 points, or 0.4%, to end at 17,073.95. The S&P 500 index rose by 1.7 points, or less than 0.1% to settle at 2,001.76.
Though the budget was not a dream budget, the market had a dream run last week as seven of the top-10 firms saw their total m-cap zoom by over Rs 1 lakh crore. How long will this change of direction lasts is the question. Fitch Ratings on Monday cut India's economic growth forecast for next fiscal to 7.7% from earlier 8%.
The outlook is a flat start. Indices could see pressure at higher levels as global cues are not offering much support for now. Asian indices are mostly flat to lower. US blue chip stock indices managed to post modest gains on Monday owing to rising oil prices while the technology stocks lost some ground. The Dow Jones Industrial Average gained 67.18 points, or 0.4%, to end at 17,073.95. The S&P 500 index rose by 1.7 points, or less than 0.1% to settle at 2,001.76.
Market-participants will keenly watch out for developments on key bills like, GST, Aadhaar in the ongoing current parliament session. Telecom stocks are expected to be in news for the week to come after the Supreme Court on Friday declined any interim relief to telecom companies against the Delhi High Court's order upholding TRAI's decision making it mandatory for them to compensate subscribers for call drops from January 1, 2016.
Besides, PSU banking stocks like SBI, Bank of Baroda, Andhra Bank, Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India and Corporation Bank would remain in limelight for the coming week after the “Gyan Sangam”, held at State Bank Academy, Gurgaon (Haryana) on 4th and 5th March, 2016.
Upstream stocks like ONGC and Reliance Industries will be in focus as the government plans to raise natural gas price by about 60% for their undeveloped gas discoveries in difficult areas.
Tista Tradelinks Private Limited has purchased total 600,000 shares of ADHUNIKIND in a block deal, at a price of Rs. 79.2 from OM Sarvavidya Consultants LLP in a block deal valued at Rs. 4.75 crore.
Following the Budget proposal to levy infrastructure cess on automobiles, the country's largest passenger car maker Maruti Suzuki India hiked prices of its vehicles across models by up to Rs 34,494. With this, the prices of its models would go up in the range of Rs 1,441 to Rs 34,494.
Also, the company is set to launch first compact SUV Vitara Brezza on March 8. To begin with, Maruti Suzuki will be launching the Vitara Brezza only with a diesel engine: a 1.3-litre 4-cylinder DDiS 200 affair that makes 90PS of power and 200Nm of torque.
State Bank of India shares would watched as the state run bank has moved the Karnataka high court for arresting industrialist Vijay Mallya and impounding his passport in the multi-crore loan default case of defunct Kingfisher Airline. Meanwhile, the Debt Recovery Tribunal (DRT) on Monday temporarily barred Vijay Mallya from accessing Diageo’s US$75-million (INR 515 crore) severance package till the loan default case with State Bank of India (SBI) is settled.
Essar Steel has bagged has emerged as the successful bidder in the first e-auction of iron ore block in Odisha. The company has bagged the Ghorhaburhani- Sagasahi iron ore block in Sundargarh district as it submitted the highest final price offer of 44.35 percent to become the preferred bidder Bharat Heavy Electricals Limited (BHEL) has achieved a significant milestone by successfully commissioning its first 700 MW supercritical thermal unit at Bellary Thermal Power Project (TPP) in Karnataka.
The Bank for International Settlements (BIS) on Sunday warned that central-bank stimulus may have less traction in financial markets than it once had.
Suzuki Motor Corp. will issue 200 billion yen (US$1.76 billion) in zero-coupon convertible bonds besides cancelling most of the stock it bought back from Volkswagen last year to fund its operations in India, according to media reports.
China's foreign exchange reserves shrunk for the fourth straight month in February, but the drop was much smaller as the nation’s financial markets stabilized, data from the People's Bank of China (PBOC) showed on Monday.
The government has decided to put on hold plans to levy tax on 60% of employees' provident fund withdrawal, following an intervention by Narendra Modi, according to reports.
Godrej Consumer Products is planning to acquire home and personal care companies in Africa, Indonesia and India, according to reports.
The outlook is a flat start. Indices could see pressure at higher levels as global cues are not offering much support for now. Asian indices are mostly flat to lower. US blue chip stock indices managed to post modest gains on Monday owing to rising oil prices while the technology stocks lost some ground. The Dow Jones Industrial Average gained 67.18 points, or 0.4%, to end at 17,073.95. The S&P 500 index rose by 1.7 points, or less than 0.1% to settle at 2,001.76.
Market-participants will keenly watch out for developments on key bills like, GST, Aadhaar in the ongoing current parliament session. Telecom stocks are expected to be in news for the week to come after the Supreme Court on Friday declined any interim relief to telecom companies against the Delhi High Court's order upholding TRAI's decision making it mandatory for them to compensate subscribers for call drops from January 1, 2016.
Besides, PSU banking stocks like SBI, Bank of Baroda, Andhra Bank, Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India and Corporation Bank would remain in limelight for the coming week after the “Gyan Sangam”, held at State Bank Academy, Gurgaon (Haryana) on 4th and 5th March, 2016.
Upstream stocks like ONGC and Reliance Industries will be in focus as the government plans to raise natural gas price by about 60% for their undeveloped gas discoveries in difficult areas.
Tista Tradelinks Private Limited has purchased total 600,000 shares of ADHUNIKIND in a block deal, at a price of Rs. 79.2 from OM Sarvavidya Consultants LLP in a block deal valued at Rs. 4.75 crore.
Following the Budget proposal to levy infrastructure cess on automobiles, the country's largest passenger car maker Maruti Suzuki India hiked prices of its vehicles across models by up to Rs 34,494. With this, the prices of its models would go up in the range of Rs 1,441 to Rs 34,494.
Also, the company is set to launch first compact SUV Vitara Brezza on March 8. To begin with, Maruti Suzuki will be launching the Vitara Brezza only with a diesel engine: a 1.3-litre 4-cylinder DDiS 200 affair that makes 90PS of power and 200Nm of torque.
State Bank of India shares would watched as the state run bank has moved the Karnataka high court for arresting industrialist Vijay Mallya and impounding his passport in the multi-crore loan default case of defunct Kingfisher Airline. Meanwhile, the Debt Recovery Tribunal (DRT) on Monday temporarily barred Vijay Mallya from accessing Diageo’s US$75-million (INR 515 crore) severance package till the loan default case with State Bank of India (SBI) is settled.
Essar Steel has bagged has emerged as the successful bidder in the first e-auction of iron ore block in Odisha. The company has bagged the Ghorhaburhani- Sagasahi iron ore block in Sundargarh district as it submitted the highest final price offer of 44.35 percent to become the preferred bidder Bharat Heavy Electricals Limited (BHEL) has achieved a significant milestone by successfully commissioning its first 700 MW supercritical thermal unit at Bellary Thermal Power Project (TPP) in Karnataka.
The Bank for International Settlements (BIS) on Sunday warned that central-bank stimulus may have less traction in financial markets than it once had.
Suzuki Motor Corp. will issue 200 billion yen (US$1.76 billion) in zero-coupon convertible bonds besides cancelling most of the stock it bought back from Volkswagen last year to fund its operations in India, according to media reports.
China's foreign exchange reserves shrunk for the fourth straight month in February, but the drop was much smaller as the nation’s financial markets stabilized, data from the People's Bank of China (PBOC) showed on Monday.
The government has decided to put on hold plans to levy tax on 60% of employees' provident fund withdrawal, following an intervention by Narendra Modi, according to reports.
Godrej Consumer Products is planning to acquire home and personal care companies in Africa, Indonesia and India, according to reports.
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