Fiscal deficit over the period April-December 2010 stood at Rs 1.71 lakh crore compared with deficit of Rs 3.10 lakh crore, decline of nearly 46%.
ITC to increase the price of its packaged food by 7-8%
Rolta India bags mapping project worth over Rs 38 cr from Sultanate of Oman
Hindustan Construction bags order worth Rs 345.30 crore
Asian Paints’ arm shuts operations of its two plants
Jet Airways reports 12% jump in Q3 net profit
Vijay Shanthi Builders' Q3 net profit up 204.65%
Vardhman Textiles reports stellar Q3 numbers
Aarti Drugs board declares interim dividend ( Rs 2.50/SH)
Parabolic Drugs Q3 net profit up 33.19%
Maruti Suzuki unveils much awaited luxurious and sporty sedan -‘Kizashi’
MARKET INDISE
On Wednesday Jan 02 2011, Domestic markets snapping previous day's gigantic losses rebounded in the opening trade tracking bullish global cues boosted by the overnight gains in the US market and a firm trade of other Asian bourses. The Dow Jones Industrial Average closed overnight above the 12,000 mark for the first time in 30-months. The domestic equity markets continued their uptrend up till the mid noon session on the back of bargain buying of few blue chip stocks and short covering, however, the rally started cooling off as bears mauled back the barometer indices on the inflationary concerns and high crude prices, further fears of scenario getting worse with FII's exiting in large numbers also gripped investor's mind which stoked panic selling. However, market while approaching the last hour of trade started tapering off from their high on an accelerating rate as intense selling in the stocks of Capital Goods and Power space clearly spoiled the play .
India VIX, a gauge for market's short term expectation of volatilitydeclined 0.88% at 23.52 from its previous close of 23.73 on Tuesday (Provisional). The S&P CNX Nifty rose 9.00 points or 0.17% to settle at 5,426.20. (Provisional) The index touched a high and a low of 5,490.60 and 5,415.65, respectively(Provisional). There were 23 stock advancing against 27 declined on the index(Provisional).
The BSE Mid-cap declined 0.14% while the Small-cap indices rose 0.02%. (Provisional). In the BSE sectoral space, Realty up 1.99%, Oil and Gas up 1.93%, TECk up 1.30 % IT up 1.11%, and Metal up 0.86% were the major gainers (Provisional). While Power down 1.51% and CG down by 1.27% were the only loser in the BSE sectoral space (Provisional).
Meanwhile, keeping in mind the high inflation prevailing in Indianeconomy at present, the finance ministry is likely to hike the income tax exemption limit in the FY12 General Budget to be released on February 28. It may also go for some more widening of the tax brackets, although chances are less here as the same were significantly widened last year.
Read more about equity research morning report by Mansukh :
Equity Research Report
