March 2014

Events for the day: Fiscal Deficit data BoP Current Account Balance Headlines for the day: Dr Reddy’s eyes fresh foray into Japanese market ABG Shipyard sails out of troubled waters with Rs11K-cr CDR Tata Steel to start Kalinganagar production in Q4 FY15 Axis Bank to open 750 urban branches Read More

India’s benchmark stock index rose to a record after the rupee strengthened to its highest level in eight months as foreign investors extended Asia’s largest equity-market inflows. State Bank of India rallied to its highest level since July, pacing a rally among state lenders, after the central bank extended the deadline for banks to meet Read More

Indian Indices: Indian shares are set to open higher on Friday, following gains in other Asian markets and continued foreign investor buying. SGX Nifty is trading 21.00 points higher. Banking stocks are also expected to gain after India’s central bank extends deadline on capital norms under Basel III to March 31, 2019 Read More

CNX PSU Bank Index surges over 6% in two days SBI, Union Bank of India, Canara Bank, Oriental Bank, Bank of India, Bank of Baroda and PNB are up 3-6% on the NSE.

Markets are likely to edge higher in today’s trade with the Nifty inching closer to the 6,600 levels in today’s trade. The up move is on account of robust FII interest in the Indian equities and positive global cues. Early indicator, SGX Nifty was up 30 points at 6,641 at Read More

Indian stocks advanced, with the benchmark index climbing to a record, after the rupee climbed to an eight-month high as foreign investors extended Asia’s largest equity-market inflows. Maruti Suzuki India Ltd. (MSIL) rallied to an all-time high. Tata Steel Ltd. (TATA) headed for a five-week high. Power-equipment maker Bharat Heavy Electricals Ltd. (BHEL) rose to Read More

Indian stock-index futures fell after benchmark indexes jumped to records yesterday. SGX CNX Nifty Index futures for March delivery lost 0.1 percent to 6,603 at 10:06 a.m. in Singapore. The underlying CNX Nifty Index advanced 1.4 percent to an all-time high of 6,583.50 yesterday. The S&P BSE Sensex (SENSEX) also climbed 1.4 percent. The Bank Read More

Indian Indices: The Asian markets do not look supportive and may lead to a lower opening for the Indian markets. SGX Nifty is trading 14.00 points lower Indian shares jumped over 1% on Monday to record highs, surpassing their previous all-time highs hit just last week as lenders including ICICI Bank extended a Read More

Market is likely to open lower tracking weakness in global markets. Asian shares were in a defensive mode on Tuesday after Wall Street fell overnight, though still-vague hopes of a new stimulus plan in China could improve investor sentiment.   Also, Nifty futures at the Singapore Exchange (SGX Nifty) were trading Read More

Indian Indices: Key Indices are set to begin first trading session of the week on a flat to positive note led by mixed Asian cues. SGX Nifty is trading 33.00 points higher Indian Indices ended on flat note, in the special trading session on Saturday (March 23, 2014) that was held only for Read More