U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting. • Asian stocks are witnessing mixed bag. Amid speculation the European Central Bank will boost stimulus through a sovereign- bond purchase program under the quantitative-easing strategy. • Sesa Sterlite Gets Goa State Approval for Mining Leases Renewal - Goa govt revoked earlier order following which mining in state was suspended; company got approval for renewal of all mining leases, Sesa Sterlite says Blaco 1200 MW Korba Power plant gets Chattisgarh Approval - Positive for SSLT • Bharti Airtel, Idea Cellular, RCOM: Govt identifies spectrum slots for defense use, sharing, Separately, CNBC reports cabinet approves 3G spectrum auction price - • Bharti Infratel , Bosch : May be among stks to be added to MSCI Indexes, SocGen says; NOTE: MSCI to announce next qtrly index review Feb. 11- Bloomberg • Suzlon Energy to sell 100% stake of Senvion to Centerbridge partner for Ibn Euros - Positive for Suzlon, Bank of Baroda likely to be positive due to major lender of Suzlon • Dr. Reddy’s : Unit Aurigene buys 19.9% stake in Curis related to immuno-oncology license pact - Positive for Dr. Reddy • Mahindra CIE (MACA): ICICI Prudential MF bought 4m shrs, Singapore’s GIC bought 2.29m shrs yday; India Value Fund sold 7.01m shrs: BSE • Oil & Natural Gas , Oil India : Govt may exempt cos. from subsidy: Times of India - Positive for ONGC and OIL India • Union budget will be on a Saturday this time (Feb 28). The Budget session will begin on February 23. The Railway Budget will be presented on February 26 followed by the tabling of the Economic Survey on February 27. • • Bank of Baroda (5 for 1) and Corporation Bank (5 for 1) stock-splits today • • Tata Elxsi gained 8% after reporting 29% rise in consolidated net profit for Q3. • • DB Realty gained 7% yesterday. Company said that its subsidiary is developing a project known as DB Orchid Heights. • • Result today - Cairn India, Dish TV, Biocon and Muthoot Finance • Global data to be watch for today - ECB Interest Rate Decision , Initial Jobless Claims (US) • The government may consider the demand of banks to make fixed deposits for three years and more tax-free instead of the five-year lock-in period at present, providing these lenders a level-playing field with mutual funds and tax-free bonds that have been weaning away a large chunk of investors (ET) - Positive for PSU Banks.
Posted on: Thu, 22 Jan 2015 05:39:03 +0000
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