Sensex 29157.14 -524.63 -1.77%
Nifty 8808.2 -144.15 -1.61%
Mayawati announced that her party, the Bahujan Samaj Party's will vote in favour of the government.
The Rajya Sabha is geared to vote on the government's decision to allow Foreign Direct Investment (FDI) in multi-brand retail today.
With 244 members, the government may manage to barely scrape through. With 94 MPs and nine nominated MPs, the UPA is more or less assured of 103.
It would have been 104 but Sachin Tendulkar is busy on the cricket field battling England. Mayawati's 15 MPs takes the total to 118. Samajwadi Party with 9 MPs may abstain.
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.