Sensex to open flat
US indices closed higher encouraged that President Obama may manage to handle the fiscal cliff better than earlier anticipated.
The market is set to open on a positive note with weekend global cues paving the way. US indices closed higher encouraged that President Obama may manage to handle the fiscal cliff better than earlier anticipated. Asian markets are in the green too. Japan's prime minister Yoshihiko Noda dissolved the lower house of parliament and has called for elections (December 16th).
Later in the week attention will shift to the Winter Session of Parliament which begins on November 22. Amendments to General Anti-Avoidance Rules (GAAR) have been finalized, Finance Minister P Chidambaram said. The proposal to set up the National Investment Board (NIB) for expediting clearance to large projects will soon come up for approval before the Cabinet, reports state.
Meanwhile, the Inter-Ministerial Group (IMG) is likely to meet today to decide the fate of 14 more mines alloted to public sector firms.
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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.