Indian equity markets opened in the green this morning after falling the most in two-and-a half months on Wednesday as fears of a liquidity squeeze if the US Fed cuts its monthly stimulus came back to haunt markets. Globally, the Dow industrials closed above 16,000 for the first time, after economic data pointed to a slowly improving labor market and subdued inflation. Asian shares are in the green.
Japan’s Nikkei gained a percent while Hong Kong’s Hang Seng index was trading 0.5 per cent higher. South Korea’s Kospi index is up a quarter percent while China’s Shanghai index is marginally weak. The BSE Sense today opened 0.7 percent higher at 20371 while the Nifty rose to 6038. Reuters BSE bankex is among the top sectoral gainers, up 0.9 percent.Yes Bank is up 1.76 percent, Axis Bank gained 1.6 percent while Bank of Baroda was up 1.4 percent.
Stocks in news:
Cairn India is u p3.51 percent as the company will mull a share buyback on 26 November. Elder Pharma is up 23.41 percent as pharma major Torrent is reportedly in talks to buy Elder Pharma’s business for Rs 2,000 crore. ONGC is up 0.67 percent as ONGC Videsh is in pact with PetroVietnam for cooperation in hydrocarbons Bharti Airtel is up 0.38 percent since EGoM will take final call on spectrum auctions today
Japan’s Nikkei gained a percent while Hong Kong’s Hang Seng index was trading 0.5 per cent higher. South Korea’s Kospi index is up a quarter percent while China’s Shanghai index is marginally weak. The BSE Sense today opened 0.7 percent higher at 20371 while the Nifty rose to 6038. Reuters BSE bankex is among the top sectoral gainers, up 0.9 percent.Yes Bank is up 1.76 percent, Axis Bank gained 1.6 percent while Bank of Baroda was up 1.4 percent.
Stocks in news:
Cairn India is u p3.51 percent as the company will mull a share buyback on 26 November. Elder Pharma is up 23.41 percent as pharma major Torrent is reportedly in talks to buy Elder Pharma’s business for Rs 2,000 crore. ONGC is up 0.67 percent as ONGC Videsh is in pact with PetroVietnam for cooperation in hydrocarbons Bharti Airtel is up 0.38 percent since EGoM will take final call on spectrum auctions today
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