Most Asian markets are higher with Japan's benchmark Nikkei up a percent. China's CSI300 has gained 2.07%. Hong Kong's Hang Seng is up 1.44%, South Korea's Kospi is up 1.2% and Taiwan's TWSE is higher by 1.3%. The result season is mostly out of the way and few names to announce their numbers include Net 4 India and Tirupati Inks.
Markets world over are heaving a sigh of relief. Not that obstacles have vanished in a jiffy but investors seem to be taking note of any positive vibes that come their way. Some cheer has come from the European Central Bank (ECB) as ECB President Mario Draghi said the central bank will not hesitate to act to boost its stimulus in March if it believes that recent financial-market turmoil or lower oil prices could weigh further on consumer prices. Back home, the prime minister Narendra Modi is reaching out to leaders of major political parties ahead of the Budget session of Parliament which begins on Feb 23.
The indices are set for a positive start. The Nifty’s resistance zone is around 7550 so investors may choose to tread cautiously around these levels. Worries around the Union Budget, upcoming State Elections and jittery global markets together will grant ample time to investors to accumulate stocks over at least 3-4 months. Most Asian markets are higher with Japan's benchmark Nikkei up a percent. China's CSI300 has gained 2.07%. Hong Kong's Hang Seng is up 1.44%, South Korea's Kospi is up 1.2% and Taiwan's TWSE is higher by 1.3%. The result season is mostly out of the way and few names to announce their numbers include Net 4 India and Tirupati Inks.
The Government has extended for the second time U.K. Sinha’s term as Chairman of Securities & Exchange Board of India (SEBI).
Bharat Petroleum Corporation Ltd. (BPCL) says that the expansion work at its Kochi refinery is on track for scheduled commissioning in May this year, with about 90 per cent of the work done.
Titagarh Wagons Ltd. plans to merge its ship building business, currently carried out through subsidiaries, with the company, reports a business daily.
The Government announced the first-ever policy for the capital goods sector which envisages creation of 21 million additional jobs by 2025.
The Union Petroleum and Natural Gas Minister Dharmendra Pradhan has stressed on the need to enhance domestic production of Oil & Gas through process and technical improvements, besides enhanced exploratory coverage.
Piyush Goyal, Union Minister of State(IC) for Power, Coal and New & Renewable Energy said, “The efforts of Government have ushered the power sector in a new level of growth altogether which provides for the sector a possible investment opportunity, between 2015 & 2020, a five year period, of about $ 250 billion.
Reliance Jio Infocomm has teamed up with eight leading global carriers including British Telecom (BT), Deutsche Telekom, Millicom, MTS, Orange, Rogers, TeliaSonera and TIM to forge an international operator alliance to bring innovative products and services, according to reports.
The indices are set for a positive start. The Nifty’s resistance zone is around 7550 so investors may choose to tread cautiously around these levels. Worries around the Union Budget, upcoming State Elections and jittery global markets together will grant ample time to investors to accumulate stocks over at least 3-4 months. Most Asian markets are higher with Japan's benchmark Nikkei up a percent. China's CSI300 has gained 2.07%. Hong Kong's Hang Seng is up 1.44%, South Korea's Kospi is up 1.2% and Taiwan's TWSE is higher by 1.3%. The result season is mostly out of the way and few names to announce their numbers include Net 4 India and Tirupati Inks.
The Government has extended for the second time U.K. Sinha’s term as Chairman of Securities & Exchange Board of India (SEBI).
Bharat Petroleum Corporation Ltd. (BPCL) says that the expansion work at its Kochi refinery is on track for scheduled commissioning in May this year, with about 90 per cent of the work done.
Titagarh Wagons Ltd. plans to merge its ship building business, currently carried out through subsidiaries, with the company, reports a business daily.
The Government announced the first-ever policy for the capital goods sector which envisages creation of 21 million additional jobs by 2025.
The Union Petroleum and Natural Gas Minister Dharmendra Pradhan has stressed on the need to enhance domestic production of Oil & Gas through process and technical improvements, besides enhanced exploratory coverage.
Piyush Goyal, Union Minister of State(IC) for Power, Coal and New & Renewable Energy said, “The efforts of Government have ushered the power sector in a new level of growth altogether which provides for the sector a possible investment opportunity, between 2015 & 2020, a five year period, of about $ 250 billion.
Reliance Jio Infocomm has teamed up with eight leading global carriers including British Telecom (BT), Deutsche Telekom, Millicom, MTS, Orange, Rogers, TeliaSonera and TIM to forge an international operator alliance to bring innovative products and services, according to reports.
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