INDIAN FACE
INDIAN EQUITY BENCHMARK ended a volatile trading session marginally in the red with the benchmark indices flat with a negative bias. Caution was seen ahead of the start of the corporate earnings reporting season, with Infosys Ltd announcing its results on 10 Jan.
Further, NHPC rose after the company has signed a memorandum of understanding with Government of Kerala for the development of wind power project by NHPC in Kerala. Shares of Tata Steel was up 1% after the company has won a two-year contract to supply over 2,00,000 tonnes of highly wear-resistant rail tracks to a French rail operator. GLOBAL FACE Asian stock markets were mixed, after data showed that consumer price inflation in China slowed to a seven-month low in December. European stocks markets declined as markets were jittery ahead of the European Central Bank and the Bank of England's first policy statements of the year, scheduled later in the day. U.S. stocks markets were mixed, after the Federal Reserve released the minutes of its December monetary policy meeting that contained language viewed by markets.
Further, NHPC rose after the company has signed a memorandum of understanding with Government of Kerala for the development of wind power project by NHPC in Kerala. Shares of Tata Steel was up 1% after the company has won a two-year contract to supply over 2,00,000 tonnes of highly wear-resistant rail tracks to a French rail operator. GLOBAL FACE Asian stock markets were mixed, after data showed that consumer price inflation in China slowed to a seven-month low in December. European stocks markets declined as markets were jittery ahead of the European Central Bank and the Bank of England's first policy statements of the year, scheduled later in the day. U.S. stocks markets were mixed, after the Federal Reserve released the minutes of its December monetary policy meeting that contained language viewed by markets.
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