It has been a lackluster session for the market ahead of expiry on Thursday. The market will remain shut tomorrow on account of Holi. The BSE Sensex is up 5 points at 18685 and the Nifty up 1 point at 5635.
It has been a lackluster session for the market ahead of expiry on Thursday. The market will remain shut tomorrow on account of Holi. Asian markets are trading mixed. European futures also suggest flat to negative opening for DAX, CAC and FTSE. Live Quotes
Sources indicate a strong possibility of Samajwadi Party withdrawing outside support to the UPA. To survive, the government may now turn to Nitish Kumar’s party and accept his demand to give backward status to Bihar. Experts say UPA may woo Mamata Banerjee as her party's support can save the government. Experts, however, rule out a chance of an election this year.
In the afternoon trade, the BSE Sensex is trading up 5 points at 18685 and the Nifty is up 1 point at 5635. Live Quotes
HUL, ITC, Tata Motors, Coal India and HDFC are top gainers on the Sensex. Full list
GAIL, Reliance Industries, Larsen, Tata Steel and SBI are top losers. Full list
Coal India is up 2 percent after the board approved conversion of liabilities of Bharat Coking Coal worth Rs 2500 crore into preferential shares. Full article
L&T is down 2 percent after the company announced to buy 50 percent stake in Future Generali India Insurance Company owned by Kishore Biyani's Future Group for around Rs 500 crore. Management Interview
OBC, IOB & Syndicate Bank are under pressure as Moody's downgraded the standalone ratings for these banks on falling asset quality, pressure on profitability and capital generation. Full article
Aviation regulator DGCA said it has deregistered 15 aircraft operated by Kingfisher Airlines , paving the way for global leasing companies to take them back. The stock is down 3%.