The market is likely to open higher on firm Asian stocks.
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the
Nifty could gain 21 points at the opening bell. Asian stock markets rebounded
on Tuesday after concerns about a Chinese liquidity squeeze sparked a global
selloff the previous day.
Asian stock markets
rebounded on Tuesday, 25 June 2013, after concerns about a Chinese liquidity
squeeze sparked a global selloff the previous day, but Chinese shares extended
losses on worries about the impact from high money-market rates. Key benchmark
indices in Japan, Singapore, Indonesia and South Korea were up 0.06% to 0.65%.
In Taiwan, the Taiwan Weighted index was off 0.02%.
Today Market
Highlights:
· Nifty ended at 5590.25 down -77.40 points or -1.37 percent and the Sensex ended at 18540.89 down 233.35 points or -1.24 percent.
· RBI can sell up to $30bn in intervention: BofA
· See GDP over 6% for FY14; CAD at 4.7-4.8%
· Ranbaxy falls on media report of US FDA query on plant
· Airtel cuts base plan package for 4G services by 31%
· May WPI inflation eases to 4.7%
· JP Associates down 8% on shelving cement unit sale plan
· RBI can sell up to $30bn in intervention: BofA
· See GDP over 6% for FY14; CAD at 4.7-4.8%
· Ranbaxy falls on media report of US FDA query on plant
· Airtel cuts base plan package for 4G services by 31%
· May WPI inflation eases to 4.7%
· JP Associates down 8% on shelving cement unit sale plan
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