Indian Stocks On 11th Mar 2013:
GLOBAL MARKETS :
# Nifty futures on the Exchange of Singapore gains 0.3%.The MSCI-Asia Pacific index, excluding Japan was high 0.05%.
# Asian shares eased but the dollar stayed near multiyear high against the yen on Monday after U.S. labour jobs data showed economic recovery there gaining traction.
# U.S. stocks closed out a week with another day of gains on 8th Mar as the Dow hit yet another record closing high on a payrolls report that improve performance even the most
optimistic forecasts.
Watch these India's Stocks FACTORS:
# Feb trade data
# India airwave auction to start with Sistema ShyamTele Services expected to be the only require.
# Feb auto sales data
FINANCIAL:
# The government is likely to either increase or scrap the
foreign direct investment limit in sectors where set at
less than 100 %.
# Exchange Board of India chief said that India's capital markets regulator will soon ease
registration norms for foreign investors.
# SEBI has also introduced regulations overseeing the public sale of preference shares and will allow hybrid securities, which has debt and equity components to be listed on exchanges.
COMMODITIES INDIA:
*The head of refiner Mangalore Refinery and
Petrochemicals Ltd said that India is set to halt all crude oil imports from Iran because
insurance companies in the country.
* An inter-ministerial panel is likely to decide on 11th Mar the floor price for 12.5 % stake sale in National Aluminium Co Ltd. Mint reported citing unidentified
sources.
* The Indian government raised 56.84 million dollar by selling some of its shares in state-run Rashtriya Chemicals and Fertilizers Ltd on 8th Mar.
Indian Stocks On 8th Mar 2013:
GLOBAL MARKETS:
* Nifty futures on the Exchange of Singapore gains 0.02%.The MSCI-Asia Pacific index,excluding Japan was up 0.29 %.
*In United State stock supported Asian shares on Friday 7th Mar 2013 but prices were covered ahead of key United State jobs and Chinese trade figures due later in the session,while the dollar waited near a three and half year high against the yen.
Watch these India's Stocks FACTORS :
* Finance Minister to address boards of RBI and SEBI
* India's Chief Economic Advisor Raghuram Rajan and Chairman of the Prime Minister's Economic Advisory Council C Rangarajan will address an industry meeting.
* The Indian government will sell a 12.5 % share in Rashtriya Chemicals and Fertilizers Ltd. through sale of shares to raise about 57 million dollar.
* India-foreign reserves bank lending data.
COMMODITIES INDIA:
* Petroleum minister M Veerappa Moily said that he long-drawn legal battle between the Comptroller &Auditor General and Reliance Industries Ltd. over
the analysis of the financial and physical performance of the
company's KG-D6 gas block has been resolved.
* India may avoid a drought for a fourth straight year as the El Nino weather system looks unlikely to impact monsoon rains a leading forecaster said on 6th Mar.
* A unit of Coal India Ltd has revived a proposal to set up a 1600 megawatt power plant in India's eastern Odisha state at a cost of 90 billion rupees.Marking the world's largest coal miner's foray into the power sector.
* Tata Steel Ltd will seek to form a group to finance construction of a railway line from its iron concessions in western Ivory Coast to the port of San Pedro.
* Jindal Steel & Power Ltd has extended its offer period for its proposed takeover bid of Gujarat NRE Coking Coal Ltd from March 15 to March 29.
