INDIAN FACE
INDIAN EQUITY BENCHMARK closed higher central banker
Raghuram Rajan's attempt to talk up the rupee and calm
equity and bond markets, a day earlier, too helped. Meanwhile,
Wholesale Prices Inflation (WPI) numbers accelerated to an
eight-month high of 7.0% in October, mainly driven by higher
fuel and manufactured goods prices, government data showed
on Thursday. WPI had risen 6.46% in September.
Further, Tata Motors has surged over 5%, recovering more than half of its
losses recorded after announcements of July-September (Q2) earnings.
Coal India is trading lower by 3% at Rs 277 after reported a lower than expected
net profit at Rs 3,052 crore for the quarter ended September 30, 2013 (Q2).
GLOBAL FACE
Asian stocks were higher, amid renewed hopes of continued stimulus from the
Federal Reserve as a key driver in boosting the price of global equities end.
European stocks were higher, amid fresh expectations for the Federal Reserve to
maintain its stimulus program and after the release of mixed economic reports from
Germany and France.
U.S. stocks lower, as speculation the Federal Reserve could begin scaling back its
asset purchases before the year end continued to weigh on equity markets.
equity tips
INDIAN EQUITY BENCHMARK closed higher central banker
Raghuram Rajan's attempt to talk up the rupee and calm
equity and bond markets, a day earlier, too helped. Meanwhile,
Wholesale Prices Inflation (WPI) numbers accelerated to an
eight-month high of 7.0% in October, mainly driven by higher
fuel and manufactured goods prices, government data showed
on Thursday. WPI had risen 6.46% in September.
Further, Tata Motors has surged over 5%, recovering more than half of its
losses recorded after announcements of July-September (Q2) earnings.
Coal India is trading lower by 3% at Rs 277 after reported a lower than expected
net profit at Rs 3,052 crore for the quarter ended September 30, 2013 (Q2).
GLOBAL FACE
Asian stocks were higher, amid renewed hopes of continued stimulus from the
Federal Reserve as a key driver in boosting the price of global equities end.
European stocks were higher, amid fresh expectations for the Federal Reserve to
maintain its stimulus program and after the release of mixed economic reports from
Germany and France.
U.S. stocks lower, as speculation the Federal Reserve could begin scaling back its
asset purchases before the year end continued to weigh on equity markets.
equity tips
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