Asian markets are trading mixed. The Nikkei 225 and Shanghai Composite trading lower by 0.4%. Hong Kong's Hang Seng is marginally up.
The indices are set to open on a positive note. Asian markets are trading mixed. The Nikkei 225 and Shanghai Composite trading lower by 0.4%. Hong Kong's Hang Seng is marginally up. Infosys too looks geared to implement the task of developing the GST portal. Of course the GST still has a few road-blocks which the government hopes to get through in the winter session of Parliament. State governments too have their share to do.
DHFL’s sale of retail inflation-linked bonds saw a record response on the first day.
US stocks closed slightly higher amid a sharp rebound in oil prices. The Dow Jones Industrial Average snapped a seven-day slide to close up 0.23% at 18,355 points. The S&P 500 gained 0.31% to 2,163.78 and the Nasdaq Composite added 0.43% to 5,159.74.Data showed the US private sector added 179,000 jobs in July, beating estimates of 170,000. The report comes ahead of the more comprehensive national payrolls report on Friday.
The Rajya Sabha approved the crucial 122nd Constitutional amendment to turn the bill into law. The Lok Sabha had already passed the key bill.
Government has imposed a penalty of Rs 2,313 crore on telecom operators for violating subscriber verification norms till May 31, telecom minister Manoj Sinha.
CCEA chaired by PM Narendra Modi has decided to extend the production subsidy to sugar mills to achieve expected performance in respect of export of sugar and supply of ethanol, as per media reports.
Among other stocks in focus:
Dr Reddy’s Laboratories: The pharma company has successfully completed the $350 million (around Rs.2,300 crore) acquisition of eight abbreviated new drug applications (ANDAs) in the US from Teva Pharmaceutical Industries and an affiliate of Allergan Plc.
Logistics stocks in focus: Logistics stocks will be in focus after the Rajya Sabha approved the crucial 122nd Constitutional amendment to turn the GST bill into law.
Tata Power: The company will announce its Q1 numbers today. The company said it has raised Rs.3,500 crore through an issuance of unsecured, taxable, redeemable, non-cumulative, listed, rated and non-convertible debentures worth Rs.3,500 crore on a private placement basis.
Berger Paints: The company is looking to expand its Jejuri plant near Pune at an investment of Rs.100 crore by the next fiscal and also double revenue within five years.
Orient Cement: The company reported a net loss of Rs.7.6 crore for the quarter ended June 30 compared with Rs.28.8 crore reported in the year-ago period.
NBCC: NBCC (India) Ltd has announced that the Company had secured work for construction of 30 bedded ESIC Hospital at Baltikuri.
Infra Company in focus: Cabinet approved Highway Monetisation Scheme.
Carborundum Universal: The company has approved a proposal for setting up a 21 MW Hydel Power Plant at Keerithodu, Idukki district, Kerala at Rs.1,250 million.
Capital First: Capital First Limited reported a Profit after Tax of Rs.49.2 crore for Q1 FY17, an increase of 49% from Rs.33.1 crore in Q1 FY16.
Infosys: Infosys Ltd has announced investing $4 million (Rs.27 crore) in Cloudyn, an Israeli corporation, providing software as a service (Saas) solutions for the management and optimization of hybrid, multi-cloud deployments.
GATI: The logistic company will announce its Q1 numbers today.
Siemens: Siemens Ltd has announced that it has received order worth approximately Rs. 217 crore for Power Grid Company of Bangladesh Limited project.
NTPC: Fitch has affirmed NTPC Ltd a long-term local-currency IDR (Issuer Default Rating) of ‘BBB-’ and assigned ‘BBB-(emr)’ to its masala bonds.
Cadila Healthcare: Cadila Healthcare posted a net profit after taxes, minority interest and share of profit of associates and joint ventures of Rs. 3562 million for the quarter ended June 30, 2016 as compared to Rs. 4602 million for the quarter ended June 30, 2015.
Titan: The company has posted a net profit of Rs. 1266.90 million for the quarter ended June 30, 2016 as compared to Rs. 1514.50 million for the quarter ended June 30, 2015.
HCL Technologies: The company posted a net profit after tax, minority interest and share of profit of associates of Rs.20552 million for the quarter ended June 30, 2016. Total income is Rs.115595.90 mn for the quarter ended June 30, 2016.
WABCO Holdings: The company has entered into a multi-year agreement to supply vacuum pumps across all Mahindra & Mahindra’s major engine platforms, with series production expected to begin in late 2017.
Astral Poly Technik: The company is setting up a new production facility at Rajasthan at an initial investment of about Rs.700 mn. The company will be manufacturing pipes and fitting materials at the Rajasthan plant.
BHEL: BHEL has commissioned the second 500Mw thermal unit at Marwa Thermal Power Station in Chhattisgarh.
Cummins India: The company will announce its Q1 numbers today.
Results: Tata Power, Fortis Healthcare, Gati, Arvind, Cummins India, Montaso and Thomas Cook.
Global Data: AUD Retail Sales s.a. (MoM) (Jun), CHF SECO Consumer Climate (3m) (Q3),EUR Economic Bulletin REPORT, EUR Unemployment Rate (MoM) (May),GBP BoE Asset Purchase Facility (Aug),GBP BoE Interest Rate Decision (Aug 4),GBP Monetary Policy Summary REPORT,GBP Bank of England Quarterly Inflation Report REPORT,GBP BOE MPC Vote Unchanged, GBP BOE MPC Vote Cut, GBP BOE MPC Vote Hike,GBP Bank of England Minutes REPORT, USD Challenger Job Cuts (YoY) (Jul),GBP BOE's Governor Carney speech SPEECH,USD Continuing Jobless Claims (Jul 22), USD Initial Jobless Claims (Jul 29),USD Factory Orders (MoM) (Jun),USD EIA Natural Gas Storage change (Jul 29),AUD AiG Performance of Construction Index (Jul)
Trends in FII flows: The domestic institutional investors (DIIs) were net sellers of Rs.8.01 bn in the cash segment on Wednesday, while FIIs were net buyers of Rs.5.78 bn, as per the provisional figures released by the NSE.
DHFL’s sale of retail inflation-linked bonds saw a record response on the first day.
US stocks closed slightly higher amid a sharp rebound in oil prices. The Dow Jones Industrial Average snapped a seven-day slide to close up 0.23% at 18,355 points. The S&P 500 gained 0.31% to 2,163.78 and the Nasdaq Composite added 0.43% to 5,159.74.Data showed the US private sector added 179,000 jobs in July, beating estimates of 170,000. The report comes ahead of the more comprehensive national payrolls report on Friday.
The Rajya Sabha approved the crucial 122nd Constitutional amendment to turn the bill into law. The Lok Sabha had already passed the key bill.
Government has imposed a penalty of Rs 2,313 crore on telecom operators for violating subscriber verification norms till May 31, telecom minister Manoj Sinha.
CCEA chaired by PM Narendra Modi has decided to extend the production subsidy to sugar mills to achieve expected performance in respect of export of sugar and supply of ethanol, as per media reports.
Among other stocks in focus:
Dr Reddy’s Laboratories: The pharma company has successfully completed the $350 million (around Rs.2,300 crore) acquisition of eight abbreviated new drug applications (ANDAs) in the US from Teva Pharmaceutical Industries and an affiliate of Allergan Plc.
Logistics stocks in focus: Logistics stocks will be in focus after the Rajya Sabha approved the crucial 122nd Constitutional amendment to turn the GST bill into law.
Tata Power: The company will announce its Q1 numbers today. The company said it has raised Rs.3,500 crore through an issuance of unsecured, taxable, redeemable, non-cumulative, listed, rated and non-convertible debentures worth Rs.3,500 crore on a private placement basis.
Berger Paints: The company is looking to expand its Jejuri plant near Pune at an investment of Rs.100 crore by the next fiscal and also double revenue within five years.
Orient Cement: The company reported a net loss of Rs.7.6 crore for the quarter ended June 30 compared with Rs.28.8 crore reported in the year-ago period.
NBCC: NBCC (India) Ltd has announced that the Company had secured work for construction of 30 bedded ESIC Hospital at Baltikuri.
Infra Company in focus: Cabinet approved Highway Monetisation Scheme.
Carborundum Universal: The company has approved a proposal for setting up a 21 MW Hydel Power Plant at Keerithodu, Idukki district, Kerala at Rs.1,250 million.
Capital First: Capital First Limited reported a Profit after Tax of Rs.49.2 crore for Q1 FY17, an increase of 49% from Rs.33.1 crore in Q1 FY16.
Infosys: Infosys Ltd has announced investing $4 million (Rs.27 crore) in Cloudyn, an Israeli corporation, providing software as a service (Saas) solutions for the management and optimization of hybrid, multi-cloud deployments.
GATI: The logistic company will announce its Q1 numbers today.
Siemens: Siemens Ltd has announced that it has received order worth approximately Rs. 217 crore for Power Grid Company of Bangladesh Limited project.
NTPC: Fitch has affirmed NTPC Ltd a long-term local-currency IDR (Issuer Default Rating) of ‘BBB-’ and assigned ‘BBB-(emr)’ to its masala bonds.
Cadila Healthcare: Cadila Healthcare posted a net profit after taxes, minority interest and share of profit of associates and joint ventures of Rs. 3562 million for the quarter ended June 30, 2016 as compared to Rs. 4602 million for the quarter ended June 30, 2015.
Titan: The company has posted a net profit of Rs. 1266.90 million for the quarter ended June 30, 2016 as compared to Rs. 1514.50 million for the quarter ended June 30, 2015.
HCL Technologies: The company posted a net profit after tax, minority interest and share of profit of associates of Rs.20552 million for the quarter ended June 30, 2016. Total income is Rs.115595.90 mn for the quarter ended June 30, 2016.
WABCO Holdings: The company has entered into a multi-year agreement to supply vacuum pumps across all Mahindra & Mahindra’s major engine platforms, with series production expected to begin in late 2017.
Astral Poly Technik: The company is setting up a new production facility at Rajasthan at an initial investment of about Rs.700 mn. The company will be manufacturing pipes and fitting materials at the Rajasthan plant.
BHEL: BHEL has commissioned the second 500Mw thermal unit at Marwa Thermal Power Station in Chhattisgarh.
Cummins India: The company will announce its Q1 numbers today.
Results: Tata Power, Fortis Healthcare, Gati, Arvind, Cummins India, Montaso and Thomas Cook.
Global Data: AUD Retail Sales s.a. (MoM) (Jun), CHF SECO Consumer Climate (3m) (Q3),EUR Economic Bulletin REPORT, EUR Unemployment Rate (MoM) (May),GBP BoE Asset Purchase Facility (Aug),GBP BoE Interest Rate Decision (Aug 4),GBP Monetary Policy Summary REPORT,GBP Bank of England Quarterly Inflation Report REPORT,GBP BOE MPC Vote Unchanged, GBP BOE MPC Vote Cut, GBP BOE MPC Vote Hike,GBP Bank of England Minutes REPORT, USD Challenger Job Cuts (YoY) (Jul),GBP BOE's Governor Carney speech SPEECH,USD Continuing Jobless Claims (Jul 22), USD Initial Jobless Claims (Jul 29),USD Factory Orders (MoM) (Jun),USD EIA Natural Gas Storage change (Jul 29),AUD AiG Performance of Construction Index (Jul)
Trends in FII flows: The domestic institutional investors (DIIs) were net sellers of Rs.8.01 bn in the cash segment on Wednesday, while FIIs were net buyers of Rs.5.78 bn, as per the provisional figures released by the NSE.
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