The Reserve Bank of India is expected to review the cap on foreign investment in rupee notes, currently set at around 5 percent, in March or April
Nifty outlook and few trading ideas by Sacchitanand Uttekar, Asst.Vice President - Research Technicals (Equity), Tradebulls Securities:
The long-term trend should still be counted as bullish. But the intermediate trend maybe negative
Niche presence, execution and deal pipeline separate L&T Infotech and L&T Technology from peers
Say will engage with various stakeholders to address any fears of the move to end data-feed tie-up with foreign exchanges
The 7.17% 10-year benchmark bond maturing in 2028 dipped to Rs 96.30 from Rs 96.58, while its yield edged up to 7.71% from 7.67%
Earnings at more than two-third of Nifty's 50 companies exceeded or matched analysts' estimates
PNB is among the 46 companies that will be excluded from the Nifty free float Midcap 100 index
Coal India is confident of their current market dominance where it controls 80% of country's energy needs
An estimated 20 million tonnes of plastic is used daily life, with at least 50,000 units engaged in this and 4 million people being dependent on this industry
The sharp slide in stocks of public sector banks (PSBs) has put fund managers in a fix
For global equities, 2017 was a favourable year and it helped fuel assets under management and flows: Principal International President and CEO
The three companies were being added as a substitute for Ambuja Cements, Aurobindo Pharma and Bosch; PNB has been excluded from the Nifty Mid-cap index
Additional funds may required for Union Bank and Allahabad Bank
Higher demand in Tamil Nadu would also rub off well on cement realisations across all southern states
Stock prices have been under pressure due to a global rout and the Rs 114 billion fraud in the Indian banking sector
It has also obtained permission to introduce option on EUR-INR, GBP-INR and JPY-INR, in addition to existing USD-INR options
All that happened in the markets today.
The stock was trading 2% higher at Rs 191, extending its Tuesday's 1.1% gain on the BSE, after the company announced that its board will meet on February 27 to consider the second interim dividend.
The stock surged 12% to Rs 115 on the BSE in intra-day trade on back of heavy volumes.