Mumbai: The 30-share bellwether BSE Sensex on Monday was trading nearly 40 points higher after India’s finance minister P. Chidambaram started to present the interim budget
At 11.10am, the Sensex was trading up 0.21%, or 42.73 points, at 20,409.55 points, while the National Stock Exchange’s (NSE) broader 50-share Nifty was trading higher by 0.17%, or 10.30 points, at 6,058.65 points
The gainers included Tata Power Co. Ltd that rose 3.39% to Rs.76.35 and Dr Reddy’s Laboratories Ltd that jumped 1.9% to Rs.2,629.
Among the losers, Coal India Ltd lost 1.46% to Rs.256.75 and Bajaj Auto Ltd fell 1.11% to Rs.1,819.45.
The S&P BSE power index rose 0.61% to be the biggest
gainer while the metal index declined 0.73%, the most among the sectoral
indices.
Castrol India Ltd and Styrolution ABS India Ltd are some of the companies that will release their earnings for the December quarter on Monday.
Asian markets were trading higher following firm global
cues, although Japan’s quarterly gross domestic products (GDP) growth
disappointed. Japan’s growth rate came in far below expectations, with
economic output rising at a slow pace of 0.3% in the three months ending
December. Japan’s Nikkei Stock Average was up 0.48%, China’s Shanghai
Composite gained 0.69%, while Hong Kong’s Hang Seng was up 0.98%.
ONIKA JAISWAL
PGDM 1ST YEAR
SOURCE - LIVE MINT
: The markets pared some gains as investors chose to remain on the sidelines ahead of the interim Union Budget.
Gains in realty, technology and power were offset by losses in oil & gas and auto.
"We expect fiscal consolidation to persist irrespective of the political outcome, though the improvement in the fiscal position is likely to be gradual. We think the government will try to bring down the fiscal deficit to 4.2% of GDP in FY15, in line with the Kelkar committee ..
Gains in realty, technology and power were offset by losses in oil & gas and auto.
"We expect fiscal consolidation to persist irrespective of the political outcome, though the improvement in the fiscal position is likely to be gradual. We think the government will try to bring down the fiscal deficit to 4.2% of GDP in FY15, in line with the Kelkar committee ..
MUMBAI: The markets pared some gains as investors chose to remain on the sidelines ahead of the interim Union Budget.
Gains in realty, technology and power were offset by losses in oil & gas and auto.
"We expect fiscal consolidation to persist irrespective of the political outcome, though the improvement in the fiscal position is likely to be gradual. We think the government will try to bring down the fiscal deficit to 4.2% of GDP in FY15, in line with the Kelkar committee ..
Gains in realty, technology and power were offset by losses in oil & gas and auto.
"We expect fiscal consolidation to persist irrespective of the political outcome, though the improvement in the fiscal position is likely to be gradual. We think the government will try to bring down the fiscal deficit to 4.2% of GDP in FY15, in line with the Kelkar committee ..
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MUMBAI: The markets pared some gains as investors chose to remain on the sidelines ahead of the interim Union Budget.
Gains in realty, technology and power were offset by losses in oil & gas and auto.
"We expect fiscal consolidation to persist irrespective of the political outcome, though the improvement in the fiscal position is likely to be gradual. We think the government will try to bring down the fiscal deficit to 4.2% of GDP in FY15, in line with the Kelkar committee ..
Gains in realty, technology and power were offset by losses in oil & gas and auto.
"We expect fiscal consolidation to persist irrespective of the political outcome, though the improvement in the fiscal position is likely to be gradual. We think the government will try to bring down the fiscal deficit to 4.2% of GDP in FY15, in line with the Kelkar committee ..
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