windbroking
Nifty_Down_03
Nifty struggles below 8100; banks & FMCG firm, pharma weak
The cabinet committee on economic affairs (CCEA) has waved the green flag to sell stake in Coal India, ONGC and NHPC and are set to garner over Rs 45,700 crore at current market rates. Retail investors are also set to get a 20 percent reservation in this stake sale.
The Nifty continues to trade weak for the third day in a row. The Sensex is down 77.96 points at 26979.45, and the Nifty down 14.65 points at 8079.45. Sun Pharma, Coal India, ONGC, Wipro and M&M are top laggards in the Sensex. Among the gainers are SBI, HUL, HDFC, Hero MotoCorp and NTPC. The cabinet committee on economic affairs (CCEA) has waved the green flag to sell stake in Coal India, ONGC and NHPC and are set to garner over Rs 45,700 crore at current market rates. Retail investors are also set to get a 20 percent reservation in this stake sale. Speaking at the Economist India Summit 2014 Power & Coal Minister Piyush Goyal said that the government does not intend to fully exit Coal India and the Supreme Court's decision on the coal allocation issue will help re-orient Coal India. Japan's Nikkei share average rose to an eight-month high on Thursday as the weak yen lifted sentiment and a meeting between the central bank governor and prime minister boosted expectations of additional easing in the long-term. The Nikkei climbed 0.8 percent to 15,909.20, the highest closing level since Jan. 10. The broader Topix hit a six-year high, rising 0.3 percent to 1,311.24. Bank of Japan Governor Haruhiko Kuroda said he told Prime Minister Shinzo Abe that the central bank will not hesitate to ease policy further if its 2 percent inflation goal becomes difficult to achieve.
Nifty_Down_03
Nifty struggles below 8100; banks & FMCG firm, pharma weak
The cabinet committee on economic affairs (CCEA) has waved the green flag to sell stake in Coal India, ONGC and NHPC and are set to garner over Rs 45,700 crore at current market rates. Retail investors are also set to get a 20 percent reservation in this stake sale.
The Nifty continues to trade weak for the third day in a row. The Sensex is down 77.96 points at 26979.45, and the Nifty down 14.65 points at 8079.45. Sun Pharma, Coal India, ONGC, Wipro and M&M are top laggards in the Sensex. Among the gainers are SBI, HUL, HDFC, Hero MotoCorp and NTPC. The cabinet committee on economic affairs (CCEA) has waved the green flag to sell stake in Coal India, ONGC and NHPC and are set to garner over Rs 45,700 crore at current market rates. Retail investors are also set to get a 20 percent reservation in this stake sale. Speaking at the Economist India Summit 2014 Power & Coal Minister Piyush Goyal said that the government does not intend to fully exit Coal India and the Supreme Court's decision on the coal allocation issue will help re-orient Coal India. Japan's Nikkei share average rose to an eight-month high on Thursday as the weak yen lifted sentiment and a meeting between the central bank governor and prime minister boosted expectations of additional easing in the long-term. The Nikkei climbed 0.8 percent to 15,909.20, the highest closing level since Jan. 10. The broader Topix hit a six-year high, rising 0.3 percent to 1,311.24. Bank of Japan Governor Haruhiko Kuroda said he told Prime Minister Shinzo Abe that the central bank will not hesitate to ease policy further if its 2 percent inflation goal becomes difficult to achieve.