Asian markets are mixed with Japan's Nikkei 1.25% lower and China’s CSI300 up over 2.25%. China's central bank is set to pump in 130 billion yuan into money markets through seven-day reverse bond repurchase agreements today, a report stated.
Welcome to a truncated week with less triggers in store. The rise in crude price added gains for global equity markets including India. The Nifty, which has managed a close above the multi-month resistance level of 7600 will look to convincingly remain above those levels. How long this sustains on a closing basis remains to be seen. The RBI’s move on interest rates will be keenly awaited even as Finance Minister Arun Jaitley said lower interest rates are needed to make the economy more efficient. Interest rates on various small savings schemes have been slashed and PPF rate is down from 8.7pc to 8.1pc.
The outlook is a positive start. Asian markets are mixed with Japan's Nikkei 1.25% lower and China’s CSI300 up over 2.25%. China's central bank is set to pump in 130 billion yuan into money markets through seven-day reverse bond repurchase agreements today, a report stated. Hong Kong's Hang Seng and South Korea's Kospi are flat. On Friday, Wall Street had ended higher with crude touching $42 a barrel mark in trade.
All eyes will be on online shopping portal Infibeam Incorporation, which will hit the capital markets on March 21 to mop-up Rs 450 crore through an initial share plan, becoming the first e-commerce firm to tap the IPO route.
Banking stocks will be in focus for the coming week as finance ministry has scheduled a meeting with senior bankers of public lenders on March 21 for the issue of dealing with large loan defaults as part of an exercise to clean up balance sheet of banks.
Government's one-time window to settle all pending retrospective taxation issues will open on June 1, says a report adding taxpayers will need to pay just principal amount due while interest payment and penalties would be waived off.
Union Agriculture and farmers Welfare Minister, Radha Mohan Singh said here said that news report of ASSOCHAM stating that wheat production in the country this year is likely to be lower by 1.5 crore tonne is factually incorrect. In 2015-16, wheat production in the country is estimated at 93.82 million tonnes (2nd Advance Estimate).
Honda Motorcycle and Scooter India reportedly said it has finalised wage pact with workers at its Manesar unit.
The Government is delighted to announce the revival of 9 stranded gas based power generation plants with an installed capacity of 5942 MW which have successfully bid through a transparent and competitive reverse e-auction process.
The government is planning to get two large institutional investors to buy stake in state-run IDBI Bank, according to reports.
Jindal Steel and Power has slapped a Rs. 123-crore notice on BHEL, regarding delays in execution of projects at two units of JSPL’s 2,400 MW coal-based plant according to reports.
Alibaba has approached Tata Sons for possible partnership. According to reports, Alibaba is planning to set up shop in India later this year.
Patanjali plans to add four to five new food parks to expand capacity, yoga guru and founder of the FMCG company Baba Ramdev has been quoted as saying.
The Society of Indian Automobile Manufacturers (SIAM) has reportedly criticized the Bharat Stage VI (BS VI) fuel standards announced in the draft notification by the Road Transport & Highways Ministry.
The Indian Bullion & Jewellers Association (IBJA) has called off its 19-day strike against the levy of one per cent excise duty after the Centre agreed to set up a high-level task force led by Ashok Lahiri to look into their demands.
ICICI Bank will consider its borrowing proposal at its meeting of Committee of Executive Directors any time next week starting from March 21
Pharmaceuticals stocks also will remain in action as fourteen more healthcare majors, including Cipla, Lupin, Wockhardt, GlaxoSmithKline and Mankind Pharma among others have been granted interim relief by the Delhi high court up-till March 2. This is in reference to the ban imposed by the Centre on sale of some of their fixed dose combination (FDC) drugs.
The outlook is a positive start. Asian markets are mixed with Japan's Nikkei 1.25% lower and China’s CSI300 up over 2.25%. China's central bank is set to pump in 130 billion yuan into money markets through seven-day reverse bond repurchase agreements today, a report stated. Hong Kong's Hang Seng and South Korea's Kospi are flat. On Friday, Wall Street had ended higher with crude touching $42 a barrel mark in trade.
All eyes will be on online shopping portal Infibeam Incorporation, which will hit the capital markets on March 21 to mop-up Rs 450 crore through an initial share plan, becoming the first e-commerce firm to tap the IPO route.
Banking stocks will be in focus for the coming week as finance ministry has scheduled a meeting with senior bankers of public lenders on March 21 for the issue of dealing with large loan defaults as part of an exercise to clean up balance sheet of banks.
Government's one-time window to settle all pending retrospective taxation issues will open on June 1, says a report adding taxpayers will need to pay just principal amount due while interest payment and penalties would be waived off.
Union Agriculture and farmers Welfare Minister, Radha Mohan Singh said here said that news report of ASSOCHAM stating that wheat production in the country this year is likely to be lower by 1.5 crore tonne is factually incorrect. In 2015-16, wheat production in the country is estimated at 93.82 million tonnes (2nd Advance Estimate).
Honda Motorcycle and Scooter India reportedly said it has finalised wage pact with workers at its Manesar unit.
The Government is delighted to announce the revival of 9 stranded gas based power generation plants with an installed capacity of 5942 MW which have successfully bid through a transparent and competitive reverse e-auction process.
The government is planning to get two large institutional investors to buy stake in state-run IDBI Bank, according to reports.
Jindal Steel and Power has slapped a Rs. 123-crore notice on BHEL, regarding delays in execution of projects at two units of JSPL’s 2,400 MW coal-based plant according to reports.
Alibaba has approached Tata Sons for possible partnership. According to reports, Alibaba is planning to set up shop in India later this year.
Patanjali plans to add four to five new food parks to expand capacity, yoga guru and founder of the FMCG company Baba Ramdev has been quoted as saying.
The Society of Indian Automobile Manufacturers (SIAM) has reportedly criticized the Bharat Stage VI (BS VI) fuel standards announced in the draft notification by the Road Transport & Highways Ministry.
The Indian Bullion & Jewellers Association (IBJA) has called off its 19-day strike against the levy of one per cent excise duty after the Centre agreed to set up a high-level task force led by Ashok Lahiri to look into their demands.
ICICI Bank will consider its borrowing proposal at its meeting of Committee of Executive Directors any time next week starting from March 21
Pharmaceuticals stocks also will remain in action as fourteen more healthcare majors, including Cipla, Lupin, Wockhardt, GlaxoSmithKline and Mankind Pharma among others have been granted interim relief by the Delhi high court up-till March 2. This is in reference to the ban imposed by the Centre on sale of some of their fixed dose combination (FDC) drugs.
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