MARKET COMMENTARY
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 32 points at the opening bell.
Asian shares gave up earlier gains on Monday after the China HSBC flash manufacturing purchasing managers index (PMI) fell to an eight-month low in March. Key benchmark indices in Hong Kong, China, Singapore, Japan, Indonesia & South Korea rose by 0.01% to 1.83%. In Taiwan, the Taiwan Weighted fell 0.06%.
The market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near-month March 2014 series to April 2014 series. The near-month March 2014 F&O contracts expire on Thursday, 27 March 2014.
Key benchmark indices ended almost unchanged on Saturday, after moving in a narrow range during a special live trading session conducted by the stock exchanges.
Foreign institutional investors (FIIs) bought shares worth a net Rs 14.79 crore on Saturday, 22 March 2014, as per provisional data from the stock exchanges.
US stocks dropped on Friday, 21 March 2014, pressured by a sell-off in the health-care sector, yet major equity indexes still posted solid weekly gains.
President Vladimir Putin signed laws completing Russia’s annexation of Crimea on Friday amidst worried investors worldwide.
NEWS UPDATES
FTSE Global Equity Index Revision
-Changes effective after the close of business on Friday, March 21 2014 Moved to Large cap Index from Midcap Index
- Tech Mahindra
- United Spirits – Dabur Moved to Midcap Index from Large cap Index
- PNB
- PFC
– Tata Power
- Reliance Power Moved to Midcap Index from Smallcap Index
- Mahindra & Mahindra Financial Services Investment weightage increases
-Raises Mahindra & Mahindra Financial Services investment weightage to 48 percent from 43 percent
-Raises Bharti Infratel investment weightage to 11 percent from 9 percent
-Raises Container Corporation investment weightage to 30 percent from 24 percent
-Raises Mindtree investment weightage to 81 percent from 68 percent
-Raises Axis Bank investment weightage to 62 percent from 49 percent
ONGC board to consider second interim dividend today
United Bank cuts base rate to 10.25 percent from 10.50 percent effective today
Arshiya International board to meet on March 27 to review recast package okayed by CDR cell
AirAsia‘s first Airbus A320 from France arrives in Chennai on Saturday
Minority shareholders may oppose use of Financial Technologies money for NSEL relief
MCX -SX rights issue may run into rough weather, IFCI (largest shareholder) to skip issue, others too running cautious..Read More
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 32 points at the opening bell.
Asian shares gave up earlier gains on Monday after the China HSBC flash manufacturing purchasing managers index (PMI) fell to an eight-month low in March. Key benchmark indices in Hong Kong, China, Singapore, Japan, Indonesia & South Korea rose by 0.01% to 1.83%. In Taiwan, the Taiwan Weighted fell 0.06%.
The market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near-month March 2014 series to April 2014 series. The near-month March 2014 F&O contracts expire on Thursday, 27 March 2014.
Key benchmark indices ended almost unchanged on Saturday, after moving in a narrow range during a special live trading session conducted by the stock exchanges.
Foreign institutional investors (FIIs) bought shares worth a net Rs 14.79 crore on Saturday, 22 March 2014, as per provisional data from the stock exchanges.
US stocks dropped on Friday, 21 March 2014, pressured by a sell-off in the health-care sector, yet major equity indexes still posted solid weekly gains.
President Vladimir Putin signed laws completing Russia’s annexation of Crimea on Friday amidst worried investors worldwide.
NEWS UPDATES
FTSE Global Equity Index Revision
-Changes effective after the close of business on Friday, March 21 2014 Moved to Large cap Index from Midcap Index
- Tech Mahindra
- United Spirits – Dabur Moved to Midcap Index from Large cap Index
- PNB
- PFC
– Tata Power
- Reliance Power Moved to Midcap Index from Smallcap Index
- Mahindra & Mahindra Financial Services Investment weightage increases
-Raises Mahindra & Mahindra Financial Services investment weightage to 48 percent from 43 percent
-Raises Bharti Infratel investment weightage to 11 percent from 9 percent
-Raises Container Corporation investment weightage to 30 percent from 24 percent
-Raises Mindtree investment weightage to 81 percent from 68 percent
-Raises Axis Bank investment weightage to 62 percent from 49 percent
ONGC board to consider second interim dividend today
United Bank cuts base rate to 10.25 percent from 10.50 percent effective today
Arshiya International board to meet on March 27 to review recast package okayed by CDR cell
AirAsia‘s first Airbus A320 from France arrives in Chennai on Saturday
Minority shareholders may oppose use of Financial Technologies money for NSEL relief
MCX -SX rights issue may run into rough weather, IFCI (largest shareholder) to skip issue, others too running cautious..Read More