Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: form 3cd :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT RATES :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: VAT Audit
 
 
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

Markets continue to maintain momentum
January, 17th 2012

Markets continue to maintain momentum in early trades tracking firm Asian cues. China's gross domestic product for the Oct-Dec quarter, although at a 2.5-year low, was better than expected.

Hang Seng is up 1.8%. Kospi, Shanghai (fourth quarter GDP came in at 8.9%) and Taiwan are up 1-1.5%. Straits Times and Nikkei have gained 0.75% each.

Back home, the Sensex and Nifty have gaining by nearly 1% each. At 9:45, the Sensex was up 191 points at 16,380 and the Nifty gained 60 points to 4,933.

On the sectoral front, BSE Auto, Capital Goods and Metal indices have zoomed by nearly 2% each. All the major BSE sectoral indices are trading in green zone.

Tata Motors is the top Sensex gainers, up 3% after reporting 27% year-on-year (y-o-y) growth in its global sales to 114,920 vehicles in December 2011, driven by strong sales of passenger cars and luxury Jaguar Land Rover (JLR) brand. Other Auto shares like Maruti Suzuk, M&M, Hero MotoCorp have gained by nearly 2% each.

Bank shares are up on hopes of a rate cut by RBI after December headline inflation fell to a 2-year low 7.47%. HDFC Bank, ICICI Bank and SBI were all up 1% each.

Among other index heavyweights, RIL, L&T, Bharti Airtel have gained between 1 and 2%.

In the broader markets, the small cap and the midcap indices are up 0.8% each in the opening trades.

Everonn Education has rallied 5% - saw first bounce in last five sessions. Hindustan Motors was up 4%.

Kingfisher Airlines and Jet Airways have gained 2% ahead of meeting for FDI in aviation today.

ING Vysya Bank is up 3% post better than expected numbers in December ended quarter. Zee News jumped 2.5% ahead of third quarter numbers.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions