Sensex 29437.57 -133.47 -0.45%
Nifty 8891.45 -19.05 -0.21%
Finance Minister P Chidambaram has reportedly said that bills on FDI in insurance and pension will be passed in Parliament for which he will soon open dialogue with the opposition parties including the BJP.
Economic situation is still very challenging, FM P Chidambaram reported.
Chidambaram also said all insurance companies have supported the IRDA proposal for raising the cap to 49%, reports said.
After Nifty witnessed 900-point flash crash, Chidambaram reported that the matter is being investigated and regulator SEBI would take necessary actions in this regard.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.