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The market is likely to open in green tracking positive global cues.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to an all-time high, as the Federal Reserve said growth is bouncing back and repeated that interest rates will remain low for a considerable time.
The Fed trimmed bond-buying by $10 billion for a fifth straight meeting, to $35 billion, keeping it on pace to end the program late this year.
The policy-making Federal Open Market Committee stated it is likely to reduce the pace of asset purchases in further measured steps” and that it expects rates to stay low for a considerable time after the bond-buying ends.
The policy-making Federal Open Market Committee stated it is likely to reduce the pace of asset purchases in further measured steps” and that it expects rates to stay low for a considerable time after the bond-buying ends.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.6 percent.
Tokyo's Nikkei .N225 brushed aside a stronger yen and outperformed the rest of the region, advancing 1.5 percent after hitting a 4-1/2-month high.
STOCKS TO WATCH:
The Board of Directors of Sequent Scientific has approved the fund raising proposal of upto Rs. 400 Crores through issue of GDRs/ ADRs/ FCCBs/ QIP/ such other equity linked instruments etc, subject to approval of Members and any other statutory/ regulatory approvals as may be required.
The Board approved increase in the limit of investments by Foreign Institutional Investors (FIIs) in the equity share capital of the Company upto 49% of the paid up capital of the Company, subject to approval of the Members and any other statutory / regulatory approvals as may be required.
The Board approved increase in the limit of investments by Foreign Institutional Investors (FIIs) in the equity share capital of the Company upto 49% of the paid up capital of the Company, subject to approval of the Members and any other statutory / regulatory approvals as may be required.
Engineers India Ltd (EIL) has won its largest ever consultancy contract for a 20 million tonne oil refinery in Nigeria. The state-owned firm won a $139 million contract from Nigerian company Dangote Group to provide services for a refinery and polypropylene plant.
Foreign investor Goldman Sachs offloaded more than 1.17 crore shares of Zee Entertainment Enterprises 3.08 % for an estimated Rs 322 crore through open market route.
Foreign shareholding in private sector Kotak Mahindra Bank has hit the trigger limit for FIIs, and any further purchases of bank's share by them will be allowed only after the Reserve Bank's approval.
Federal Bank has informed BSE that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, MD & CEO has allotted 34,920 (thirty four thousand nine hundred and twenty only) Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees upon exercise of stock options under the Bank’s Employee Stock Option Scheme, 2010.
