SGX Nifty indicating a positive opening for the Indian markets. The government will today begin a sale of 1.5% stake in NMDC at a floor price of Rs153.50 a piece, fetching Rs750cr to the government.
Share price of Coal India added more than 5 percent in the early trade as the company has revised non-coking coal prices. The company is it meeting held on January 8 has approved revision of non-coking coal prices effective from January 9.
Equity benchmarks hit fresh record high again in opening on Tuesday, with the Sensex trading above 34,400 level. The 30-share BSE Sensex was up 78.32 points at 34,431.11 and the 50-share NSE Nifty gained 12.30 points at 10,635.90. About 1,003 shares advanced against 358 declining shares on the BSE.
Major Asian markets are trading in the green at present. Shanghai Composite is up 0.09%, Hang Seng is up 0.23%, while the Nikkei is trading 0.54% higher.
US markets: Stocks turned in a relatively lacklustre performance during trading in yesterday’s session. The major averages ended the day mixed with Dow closing 0.1% lower at 25,283, while the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq climbed 0.3% to 7,157.39 and the S&P 500 rose 0.2% to 2,747.71.
European markets also closed mixed yesterday with FTSE down 0.36%, CAX up 30% and DAX up 0.36%.
Major Headlines of the day:
Max Healthcare:Max Healthcare appoints Barclays to find buyer for Life Healthcare stake, 10-12 contendors in fray to buy Life Health's stake in Max Healthcare
Sun Pharma-The wholly owned subsidiaries of the company has increased its shareholding in Ranbaxy Malaysia Sdn Bhd, Malaysia, by way of further purchase of 5,08,313 shares of face value MYR 1 each.
Sutlej Textiles- Board approves setting up of a Green Fibre project to manufacture polyester staple fibre by recycling of pet bottles in Jammu Kashmir. Defers brownfield capacity expansion of 28,800 spindles due to uncertain market conditions.
Trend in FII flows: The FIIs were Net Value of Rs 692.83 the cash segment on Monday while the DIIs were Net Value of Rs -206.30 as per the provisional figures.
Securities in Ban For Trade Date 09-JAN-2017: