10:50 am FPIs: Government debt securities attracted bids worth a staggering Rs 10,599 crore from foreign investors as against Rs 9,358 crore on offer in an online auction.
The auction was conducted on BSE's e-bidxchange platform from 1530 hrs to 1730 hrs after the close of market hours. At the end of the two-hour auction, 34 bids were declared successful out of 38.
The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.
The total investment in government debt (auction) had reached Rs 136,736 crore till July 21, which was 94.96 per cent of the total permitted limit of Rs 1.44 lakh crore, according to depositories data.
10:30 am Buzzing: Tree House Education board has finally approved its revised merger deal with Zee Learn . The deal had hit a road block after Zee Learn had started 're-evaluating its merger with Tree House'. As per the new merger scheme, shareholders of Tree House will get shares in Zee Learn in ratio of 1:1. In a statement to the exchanges, Tree House said that the merger evaluation committee, formed in June by the companies, has approved of the new share swap ratio. According to the earlier deal, Tree House’s shareholders were to receive 53 fully paid equity shares of Ra 1 each of Zee Learn for every 10 fully paid equity shares of Rs 10 of Tree house.
The market continues to be sluggish as the Nifty is below 8650. The 50-share index is down 3.95 points at 8638.60. The Sensex is up 18.93 points or 0.07% at 28083.54. About 1121 shares have advanced, 710 shares declined, and 97 shares are unchanged.
Hero MotoCorp, Bajaj Auto, Axis Bank, Coal India and Cipla are gainers while TCS, Infosys, Asian Paints, ICICI Bank and GAIL are losers in the Sensex. Metal index is up.
Gold was little changed as hawkish comments from US Federal Reserve officials raised bets on a rate hike this year and traders await minutes of the last Fed policy meeting for more clues. The Fed is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak US economic growth in the first half of 2016.
New York Fed President William Dudley said a rate hike in September was possible, while Atlanta Fed President Dennis Lockhart said the US economy is likely strong enough for at least one rate increase before the end of 2016, with two a possibility.
The auction was conducted on BSE's e-bidxchange platform from 1530 hrs to 1730 hrs after the close of market hours. At the end of the two-hour auction, 34 bids were declared successful out of 38.
The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.
The total investment in government debt (auction) had reached Rs 136,736 crore till July 21, which was 94.96 per cent of the total permitted limit of Rs 1.44 lakh crore, according to depositories data.
10:30 am Buzzing: Tree House Education board has finally approved its revised merger deal with Zee Learn . The deal had hit a road block after Zee Learn had started 're-evaluating its merger with Tree House'. As per the new merger scheme, shareholders of Tree House will get shares in Zee Learn in ratio of 1:1. In a statement to the exchanges, Tree House said that the merger evaluation committee, formed in June by the companies, has approved of the new share swap ratio. According to the earlier deal, Tree House’s shareholders were to receive 53 fully paid equity shares of Ra 1 each of Zee Learn for every 10 fully paid equity shares of Rs 10 of Tree house.
The market continues to be sluggish as the Nifty is below 8650. The 50-share index is down 3.95 points at 8638.60. The Sensex is up 18.93 points or 0.07% at 28083.54. About 1121 shares have advanced, 710 shares declined, and 97 shares are unchanged.
Hero MotoCorp, Bajaj Auto, Axis Bank, Coal India and Cipla are gainers while TCS, Infosys, Asian Paints, ICICI Bank and GAIL are losers in the Sensex. Metal index is up.
Gold was little changed as hawkish comments from US Federal Reserve officials raised bets on a rate hike this year and traders await minutes of the last Fed policy meeting for more clues. The Fed is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak US economic growth in the first half of 2016.
New York Fed President William Dudley said a rate hike in September was possible, while Atlanta Fed President Dennis Lockhart said the US economy is likely strong enough for at least one rate increase before the end of 2016, with two a possibility.
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