Sensex 28334.63 267.07 0.95%
Nifty 8477.35 75.45 0.9%
The RBI policy stance has now clearly moved towards addressing concerns about growth. RBI gave a pleasant surprise by cutting both, the repo rate by 25bps to 7.75% and CRR by 25bps to 4%. Perhaps, this is the beginning of many cuts to come.
The beginning for the market appears positive with global cues providing some support. The F&O expiry on Thursday will cause some readjustments which could swing indices either way. Corporate results will continue to flow in with stock-specific activity continuing in various counters.
With the RBI event out of the way, attention will now be directed to what policy measures are likely in the budget.
The two-day Federal Reserve meeting has begun and no change is likely in policy even though some expect the Fed accelerate its efforts to tighten monetary policy this year.
The US stocks ended with some gains The Dow Jones added half a percent to close at 13,954. The S&P 500 added 0.5%, to end at 1508. The Nasdaq ended flat at 3153. Asian indices are also higher. South Koreas industrial output unexpectedly climbed. South Koreas Kospi Index advanced 0.2 percent. The Nikkei is up half a percent. The broader Topix index gained 0.3%. Australias S&P/ASX 200 Index (AS51) gained 0.3 percent.
Results watch: India Infoline, 7SEAS TECH, ALICON, Indo Rama Syn, Integrated Tech, Interlink Petro, IOB, IPCA Lab, Balrampur Chini, Central Bank, Amarjothi Spin, Arvind, Archies, Ashoka Buildcon, Asia Pack, Astra Micro, Balaji Amin, CCS Infotech, Century Enka, Chambal Fert, Chokhani Intl, EIH, Essar Shipping, Excel Crop, FORTIS MLR, GCCL Constr, GODREJ PROP, Golconda Engr, KEC Intl, Greaves Cotton, Jyoti Struc, Kalyani Forge, Gujarat Fluo, Hindusthan Udyog, EID Parry, Cinemax India, Colgate Palmolive, Delta Corp, Deltron, Dena Bank, Dewan Housing, Laser Diamonds, Madhusudan Inds, Indian Hume,Indo Asian Fin,Indo City Info, Mafatlal Inds, Mrugesh Trad, Nath Pulp, Parenteral Drug,Nirlon, National Alum, PBM Polytex-, Polymechplast, Raj Television, PVR, Royal Cushion, Prithvi Soft, Shanthi Gears,Shantivijay Jew-, SJVN,Sunraj Diamond,Star Delta Transf, Tai Inds, Titan Inds, Titagarh Wag, Triveni Glass, Usha Martin, Velan Hotels, Varun Merc, Vision Corp, WPIL, Zee Learn, Vinyoflex.
Global Data Watch: World Economic Forum - Davos (Jan 30), UBS Consumption Indicator (Dec) CHF, Gross Domestic Product - Estimated (YoY) (Q4) EUR, Gross Domestic Product - Estimated (QoQ) (Q4) EUR, KOF Leading Indicator (Jan) CHF, Business Confidence (Jan) EUR, 10-y Bond Auction EUR, 30-y Bond Auction EUR, M4 Money Supply (YoY) GBP, M4 Money Supply (MoM) (Dec) GBP, Mortgage Approvals (Dec) GBP, Consumer Credit (Dec) GBP, Net Lending to Individuals (MoM) (Dec) GBP, Consumer Confidence (Jan) EUR, Consumer Confidence (Jan) EUR, Business Climate (Jan) EUR, Business Confidence (Jan) EUR, Economic Sentiment Indicator (Jan) EUR, Industrial Confidence (Jan) EUR, Services Sentiment (Jan) EUR, MBA Mortgage Applications (Jan 25) USD, ADP Employment Change (Jan) USD, Gross Domestic Product Annualized (Q4)Preliminar USD, Gross Domestic Purchases Price Index (Q4)Preliminar USD, Personal Consumption Expenditures Prices (QoQ) (Q4)Preliminar USD, Core Personal Consumption Expenditures (QoQ) , (Q4)Preliminar USD, EIA Crude Oil Stocks change USD, German Buba President Weidmann speech EUR, Fed Interest Rate Decision USD, Fed's Monetary Policy Statement and press conference USD, RBNZ, Interest Rate Decision NZD, Monetary Policy Statement NZD, Foreign bond investment (Jan 25) JPY, Foreign investment in Japan stocks (Jan 25) JPY, Industrial Production (YoY) (Dec) Preliminar JPY , Industrial Production (MoM) (Dec)Preliminar JPY.
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.