Indian Indices: Indian markets likely to open higher as early leads in some of the states indicate that the BJP-led NDA is ahead. SGX Nifty is trading 44.50 points higher. Indian shares edged up on Thursday to near the record highs hit earlier this week as blue-chips such as HDFC Bank gained on Read More
Author: SGX Nifty
3:05 p.m. CLSA’s Christopher Wood in the newsletter Greed & Fear says decisive mandate gives Modi a much greater chance of effecting real change and driving a new investment cycle. “The challenge is clearly India’s federal structure and the considerable powers of chief ministers in individual states. Still given the decisive message Read More
1:20 p.m. HSBC’s on Indian Economy as NDA Heads for Big Win: “It is important to not overestimate the potential impact of the election on the real economy in the short term, given the time it will take to implement the needed economic reforms and execute investment projects.” HSBC maintains its India Read More
9:40 a.m. Banking stocks are on fire today. Bank Nifty surges 7.8 per cent to 15,347. Former SBI chief Pratip Chaudhuri says the expectation is interest rates will come down and banks to see gains on their mark-to-market portfolio. Besides, a rebound in economy will have a positive effect on NPAs, he added. Read More
Indian Indices: The key domestic benchmarks are likely to open on a subdued note today tracking a mostly bearish trend in Asian markets and a negative closing at Wall Street overnight. SGX Nifty is trading 11.50 points higher. Indian shares retreated from record highs hit a day earlier, snapping a four-session winning Read More
Heard on Street : Promotores of Reliance Industries Ltd., India’s biggest private conglomorate are acquiring stake from market in HPCL i.e. Hindustan Petroleum Corporation Limited , one of the three PSU undetaking of Govt. of India. Persons related to this information says that this is due to Exit POlls showing a huge win for Mr. Read More
Indian stock-index futures gained before monthly inflation data today and the results of national elections due tomorrow. SGX CNX Nifty Index futures for May delivery rose 0.3 percent to 7,153.5 at 9:51 a.m. in Singapore. The underlying CNX Nifty Index was unchanged at a record 7,108.75 yesterday. The S&P BSE Sensex (SENSEX) fell 0.2 percent. Read More
Indian stock-index futures gained after benchmark indexes advanced to records as exit polls signaled an opposition victory in national elections. SGX CNX Nifty Index futures for May delivery rose 0.3 percent to 7,158 at 10:05 a.m. in Singapore. The underlying CNX Nifty Index increased 1.4 percent to a record 7,108.75 yesterday. The S&P BSE Sensex Read More
Indian Indices: The key domestic benchmarks are tipped to open on a positive note and could hit yet another lifetime high today as a wave of optimism sweeps past Dalal Street as the exit polls showed that the BJP led NDA will win the general elections and come into power. SGX Nifty is Read More
Bulls continued to dominate the market for the second consecutive trading day on Monday, with the indices gaining a new record high from where it ended on Friday. The BSE Sensex was up 2.42%, or 556.77 points, at its close of 23,551, while the NSE Nifty ended 2.27% higher, or 155.45 points at 7,014.25. On Read More