Use this space to put some text. Update this text in HTML

www.bigprofitbuzz.com. Powered by Blogger.
There was an error in this gadget

Thursday, 13 November 2014

BSE Sensex, Nifty flat; Tata Motors, SBI, Wipro gainers

9:50 am Fund raising: Private sector lender ICICI Bank raised 600 million yuans from the Chinese debt market (Dim Sum bonds) or a little over USD 95 million, at a coupon of 4 per cent, merchant banking sources said here this evening.

This is the fourth time that the city-based lender has tapped the Dim sum bond market and has so far raised 2,050 million yuans.

According to merchant bankers, the three-year money has been raised by ICICI's Bahrain branch and will be listed on the Singapore Stock Exchange. The issue is part of the bank's USD 7.5 billion medium term note programme.

Dim sum bonds are denominated in the Chinese currency and are issued in the Hong Kong market, and therefore resident Chinese investors cannot subscribe to these instruments.

9:35 am Result poll: Tata Motors is likely to post consolidated net revenue growth of 7.5 percent at Rs 61180crore in the quarter ended September 30 versus Rs 56882 crore in the year-ago period. According to CNBC-TV18 poll, the auto major’s net is seen rising 26 percent to Rs 4457 crore from Rs 3541.8 crore year-on-year (Y-o-Y).

Its EBITDA is seen growing 22 percent at Rs 10530 crore while operating profit margin (OPM) may have grown 17.2 percent versus 15.2 percent Y-o-Y.

Oil hits four-year low on Cushing build, OPEC concerns

The market has opened flat. The Sensex is up 19.71 points at 27960.35 and the Nifty is up 2.85 points at 8360.70. About 465 shares have advanced, 222 shares declined, and 36 shares are unchanged.

Sun Pharma, Tata Motors, SBI, Wipro and ONGC are top gainers in the Sensex. Among the losers are Tata Power, Cipla, GAIL, BHEL and Bharti Airtel.

The Indian rupee opened marginally lower at 61.62 per dollar versus 61.55 Thursday. Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan's leader would call an election and delay a sales tax hike.

Pramit Brahmbhatt of Veracity said, "We expect Indian equities to open in the green and touch a new high. Rupee too, is expected to appreciate backed by the strength in local equities. We see range for the rupee between Rs 61.20-61.80/dollar."

The Dow industrials closed at a record high, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower.

European market too ended in the green while Asian market is mixed in morning trade. In other asset classes, crude prices plunged, with Brent Crude slipping to USD 77 per barrel on global growth concerns. Nymex too dropped to USD 74. Precious metal gold continues to trade flat at around USD 1160 an ounce. More information please visit this site www.bigprofitbuzz.com

No comments:

Post a Comment