Indian markets are likely to open flat and stay indecisive on mixed global cues. Technically, the resistances are placed at 8758 and 8822 and supports are at 8700 and 8665.
India Market News
The change of guard in the Reserve Bank of India (RBI) may change the way the regulator tackles the bad loan problem at Indian banks—not in terms of going soft on recalcitrant borrowers, but giving more flexibility to banks.
The government on Monday released draft rules for registration, payment and invoices under the goods and services tax (GST) regime with the objective of minimizing the physical interface between the taxpayer and the tax authorities that will check corruption and harassment. The rules are expected to be finalized in the second meeting of the GST council to be held in New Delhi on Friday.
An inter-ministerial panel today approved 11 proposals entailing foreign direct investment (FDI) inflow of over INR 23bn which includes, Sharekhan Ltd that would attract foreign investment of INR 20.6bn.
Zee group is likely to buy majority stake in Hyderabad-based media firm Associated Broadcasting Co. Pvt. Ltd, which owns regional news channels under the brand name TV9.
IRB Infrastructure Developers has received letter of award from National Highways Authority of India (NHAI) for INR 21bn highway project in Rajasthan and Gujarat.
Satin Creditcare Network Ltd (SCNL), a Delhi-based micro-lender, said that it was launching a qualified institutional placement (QIP) on Monday to raise at least INR 1.5bn. The price band is in the range of INR 550-560 per share, said a person familiar with the matter. The price is at a discount of 7.5% to the company's stock price at the lower end of the issue.
Bank of India (BOI) has sold 18% stake in the insurance joint venture Star Union Daiichi Life Insurance Company Ltd (SUD) to its Japanese partner. The shareholding of DILIC will be 44% up from 26%.
Today's Corporate action
Ex-dividend stocks: National Aluminium Company Limited
Global Markets Review
Wall Street fell on Monday as Deutsche Bank weighed on financials and investors tracking the first debate between US presidential candidates Hillary Clinton and Donald Trump. The CBOE market volatility index, also known as Wall Street's "fear gauge", rose 17.9%, clocking its biggest percentage gain in two weeks.
Uncertainty gripped Asian markets on Tuesday as investors braced for a potentially pivotal US presidential debate by shunning stocks while favoring safe haven bonds and the yen.
In commodity markets, oil steadied after bouncing 3% on Monday as the world's largest producers gathered in Algeria to discuss ways to tackle a crude glut that has battered prices for two years now. Brent crude eased back 29 cents to USD 47.06 a barrel.
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment