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Markets opened higher on firm global cues with metals, oil and gas shares leading the gains
At 09:16AM, the 30-share Sensex was up 325 points at 26,555 and the 50-share Nifty was up 103 points at 8,053.
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(Updated at 8:32AM)
Markets are likely to begin the first day of the September series on a firm note tracking gains in the global peers on the back of strong US GDP data indicating that the economy grew faster than initially thought in the second quarter.
At 09:16AM, the 30-share Sensex was up 325 points at 26,555 and the 50-share Nifty was up 103 points at 8,053.
______________________
(Updated at 8:32AM)
Markets are likely to begin the first day of the September series on a firm note tracking gains in the global peers on the back of strong US GDP data indicating that the economy grew faster than initially thought in the second quarter.
Movement of rupee and crude oil are likely to dictate the trend on the bourses during the session.
STOCKS ON THE RADAR
Lupin received approval from US health regulator USFDA to market generic Omeprazole delayed-release capsules, used to treat ulcer, in the American market.
Pharmacy firm Cipla would expand its consumer products business with a foray into nutritional products over the next 12-18 months, company’s global Chief Executive Subhanu Saxena said on Thursday.
ONGC received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea.
Bank of India: Bank of India has announced that the Government of India (GOI) vide its letter dated August 19, 2015 has informed its decision to infuse capital funds to the tune of Rs. 2455 Crore (Two Thousand Four Hundred and Fifty Five crore) in the Bank by way of preferential allotment of equity shares, said media reports
Vedanta stated that collapse in aluminium prices and lack of availability of bauxite from Odisha had forced the conglomerate to opt for a gradual closure of its Lanjigarh facility in the state.
Reliance Communications is in talks with several state governments to secure smart grid and smart city projects as it sees business from cloud offerings and internet of things (IoT) under enterprise segment to touch about a fifth of its revenue in next five years.
Merrill Lynch Capital Markets sold 15.41 lakh shares in India Cements for an aggregate of around Rs 11.2 crore.
Neyveli Lignite Corporation (NLC) workers who were on strike for almost 39 days now, have decided to withdraw strike temporarily as the extensive talks for wage settlement with the management went inconclusive.
IOC is increasing crude oil imports from as far as Latin America and raising proportion of purchase from spot or cash market to cut costs, said Chairman B Ashok.
DLF may sell a majority stake in a residential project in New Delhi to Singapore's sovereign wealth fund GIC, according to media reports.
GLOBAL MARKET
Asian shares extended a global rally on Friday after firm US economic data cheered the mood of the investors, with Chinese stocks rising for the second day following a shaky start to the week.
China's Shanghai Composite index rose 2% while Hong Kong Hang Seng index gained 0.4% and Japapn’s Nikkei gained 2.7%.
Wall Street rose overnight on the back of revised US gross domestic product data indicating the economy grew faster than initially thought in the second quarter. Dow Jones surged 2.3% and Nasdaq Composite gained 2.5%.
