Sensex 29571.04 292.2 1%
Nifty 8910.5 74.9 0.85%
The Philippines' gross international reserves increased for a fifth consecutive month to reach $82.09 billion in October from $82.03 billion at the end of September. The reserves rose to a fresh record high in October, due mainly to inflows from the foreign exchange operations and investment income, the central bank said Wednesday.
The level remains adequate to cover 11.9 months worth of imports of goods and payments of services and income, Bangko Sentral ng Pilipinas Officer-in-Charge Juan de Zuniga said. Net international reserves, which include revaluation of reserve assets, increased by $0.1 billion to $82.1 billion as of end-October.
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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.