Sensex opens with positive start
At 9:17am (IST), the BSE Sensex was trading at 19531, up 45 points over the previous close.
At 9:17am (IST), the BSE Sensex was trading at 19531, up 45 points over the previous close. It had earlier touched a day's high of 19546 and a day's low of 19514. It opened at 19514.
The NSE Nifty was quoting at 5,942, up 11 points over the previous close. It earlier touched a day’s high of 5,945 and a day’s low of 5934. It opened at 5,934.
The BSE Small-Cap index and BSE Mid- Cap index was trading flat.
Wipro, Tata Power, ICICI Bank, Tata Power, Bharti Airtel, L&T, Bajaj Auto, NTPC, Sun Pharma, BHEL, Coal India, Tata Steel, are among gainers in Sensex and Nifty.
RIL, Infosys, TCS, HDFC Bank, ONGC, HUL are among losers in Sensex and Nifty.
HC, PSU, Power,Realty, Metal, Consumer Durables, Bankex, Capital Goods, Metal, are the gainers.
IT, Teck and Oil and Gas indices are the losers.
Results watch: XL Energy
Trends in FII flows: The FIIs were net buyers of Rs8.38bn in the cash segment on Thursday, while the domestic institutional investors (DIIs) were net sellers of Rs6.62bn, as per the provisional figures released by the NSE.
The foreign funds were net buyers of Rs7.19bn in the cash segment on Wednesday, according to the SEBI figures.
Global Data Watch: Trade Balance (Oct) AUD, Leading Economic Index (Oct)Preliminar JPY, Coincident Index (Oct)Preliminar JPY, Budget (Oct) EUR, Trade Balance EUR (Oct) EUR, Exports, EUR (Oct) EUR, Imports, EUR (Oct) EUR, Foreign Currency Reserves (Nov) CHF, Consumer Inflation Expectations GBP, Industrial Production (YoY) (Oct) GBP , Industrial Production (MoM) (Oct) GBP, Manufacturing Production (MoM) (Oct) GBP, Manufacturing Production (YoY) (Oct) GBP, ECB President Draghi's Speech EUR, Global Trade Balance (Aug) EUR, Gross Domestic Product (QoQ) (Q3) EUR, Gross Domestic Product (YoY) (Q3) EUR, Industrial Production s.a. (MoM) (Oct) EUR, Industrial Production s.a. w.d.a. (YoY) (Oct) EUR, Net Change in Employment (Nov) CAD, Labor Productivity (QoQ) (Q3) CAD, Unemployment Rate (Nov) CAD, Nonfarm Payrolls (Nov) USD, Average Hourly Earnings (MoM) (Nov) USD, Average Hourly Earnings (YoY) (Nov) USD, Average Weekly Hours (Nov) USD, Unemployment Rate (Nov) USD, Reuters/Michigan Consumer Sentiment Index (Dec)Preliminar USD, German Buba President Weidmann speech EUR, NIESR GDP Estimate (3M) (Nov) GBP, Consumer Credit Change (Oct) USD
The market witnessed a turnaround of sorts after 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.
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India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.