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Sensex to open on positive note

India Infoline News Service  | November 27, 2012 08:29 IST

The government is hoping that the FDI in retail issue is discussed in Parliament while the Bharatiya Janata Party and the Left parties remain adamant on a debate under Rule 184, which entails voting.

The government is hoping that the FDI in retail issue is discussed in Parliament while the Bharatiya Janata Party and the Left parties remain adamant on a debate under Rule 184, which entails voting.
 
The market is expected to start positive thanks to the latest deal where the Eurozone finance ministers, European Central Bank and IMF finally agreed to help Greece manage its debt. However, any debt relief is ruled out as they agreed to cut Greeces debt by 124% of GDP by 2020 and to 110% by 2022. This paves the way for the release of the next tranche of aid. 
 
On Monday the Indian markets momentum was stalled near the resistance of 5640 which was mainly due to weakening rupee and lackluster global markets.
 
In its annual credit analysis on India, Moody's says that the Baa3 sovereign rating is supported by credit strengths which include a large, diverse economy, strong GDP growth as well as savings, and investment rates that exceed emerging market averages.
 
US markets ended mixed as investors continued to worry about the fiscal cliff and were apprehensive about the retail sales which came after offering huge discounts.
GSKPlc plans to raise its stake in its listed Indian unit to 75 per cent by investing Rs 5,222 crore and announced an open offer to buy 31.8 per cent stake in its Indian arm GlaxoSmithKline Consumer Healthcare
 
Asian shares are higher. Japan's Nikkei 225 and Hong Kong's Hang Seng index are trading well in the green. South Korea's Kospi index is up above a percent while China's Shanghai index is marginally up.
 
 

 
 
 
Recent Reports
Recent Reports

New highs pass by; flat start

India Infoline Research Team / 08:49, Aug 21, 2014

The outlook is a flat open. Global indices are up. The minutes from the Federal Reserve's July meeting indicate that the Fed is in no hurry to raise interest rates. The Dow added 0.35% while S&P was up 0.25%. Nasdaq ended marginally lower. Asian indices are mixed with Nikkei up almost a percent while Hong Kong's Hang Seng index is lower. South Korea's Kospi index and China's Shanghai index are also in the red.

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