 "Markets likely to remain cautious; Delhi poll outcome eyed")
Markets are likely to remain cautious ahead of Delhi Assembly election outcome.
Counting of ballots for the bitterly-fought Delhi Assembly polls, seen as having significance beyond borders of the capital, began this morning amid tight security.
The electoral fate of former Chief Minister Arvind Kejriwal, his challengers from BJP Kiran Bedi and Congress' Ajay Maken and 670 other candidates will be known today.
READ MORE: Counting begins; exit polls predict AAP win
GLOBAL MARKETS
US stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S. interest rates.
The Dow Jones industrial average fell 95.08 points, or 0.53%, to 17,729.21, the S&P 500 lost 8.75 points, or 0.43%, to 2,046.72 and the Nasdaq Composite dropped 18.39 points, or 0.39%, to 4,726.01.
The early indicator, SGX Nifty was lower by 52 points at 8,504 at 0810 hrs. Asian equities slipped on Tuesday as tensions over Greek debt terms and escalating conflict in Ukraine sapped risk appetite, while crude oil held its gains after surging on OPEC's optimistic demand forecast.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%. Japan's Nikkei slipped 0.3% and Australian shares shed 0.5%.
STOCKS TO WATCH
The government on Monday estimated India’s economic growth this financial year at 7.4%, against 6.9% in 2013-14, as the country changed its definition of gross domestic product (GDP) and the base year for calculating it. The estimated growth for 2014-15 is the same as China’s growth for 2014. Earlier, both the International Monetary Fund and the World Bank had said India’s growth would exceed China’s by 2016-17. Capital Goods and Power shares will be in focus.
The country’s largest real estate firm, DLF, has posted a nine per cent decline in its consolidated net profit to Rs 132 crore for the quarter ended December, owing to low sales and higher finance cos.
In a sign of further deferment of its $2.6-billion order for 10 Boeing 787-9 Dreamliners, Jet Airways told investors in a post-earnings call on Monday that the full-service airline has nothing on its order book till around 2017-18.
ICICI Bank, the largest private sector lender in the country, has initiated the process of repatriating capital from its Canadian arm for the second time in as many years.
In what could be the largest in the country, Adani Enterprises Ltd. (AEL), the flagship company of the $9.4 billion (Rs 58,300 crore roughly) Adani Group has signed a memorandum of understanding (MoU) with Government of Rajasthan for a 10000 Mw solar park in Rajasthan.
IT services and solutions firm Zensar Technologies, today announced that it has signed significant new business worth Rs 190 crore in its Application Management Services business.
State-owned Bank of India (BoI) today said it will raise up to Rs 641.99 crore by selling shares to Life Insurance Corp and New India Assurance Company to fund its business growth and meet global risk norms.
Counting of ballots for the bitterly-fought Delhi Assembly polls, seen as having significance beyond borders of the capital, began this morning amid tight security.
The electoral fate of former Chief Minister Arvind Kejriwal, his challengers from BJP Kiran Bedi and Congress' Ajay Maken and 670 other candidates will be known today.
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Counting of votes is taking place simultaneously at 14 Centres across the city.
READ MORE: Counting begins; exit polls predict AAP win
GLOBAL MARKETS
US stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S. interest rates.
The Dow Jones industrial average fell 95.08 points, or 0.53%, to 17,729.21, the S&P 500 lost 8.75 points, or 0.43%, to 2,046.72 and the Nasdaq Composite dropped 18.39 points, or 0.39%, to 4,726.01.
The early indicator, SGX Nifty was lower by 52 points at 8,504 at 0810 hrs. Asian equities slipped on Tuesday as tensions over Greek debt terms and escalating conflict in Ukraine sapped risk appetite, while crude oil held its gains after surging on OPEC's optimistic demand forecast.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%. Japan's Nikkei slipped 0.3% and Australian shares shed 0.5%.
STOCKS TO WATCH
The government on Monday estimated India’s economic growth this financial year at 7.4%, against 6.9% in 2013-14, as the country changed its definition of gross domestic product (GDP) and the base year for calculating it. The estimated growth for 2014-15 is the same as China’s growth for 2014. Earlier, both the International Monetary Fund and the World Bank had said India’s growth would exceed China’s by 2016-17. Capital Goods and Power shares will be in focus.
The country’s largest real estate firm, DLF, has posted a nine per cent decline in its consolidated net profit to Rs 132 crore for the quarter ended December, owing to low sales and higher finance cos.
In a sign of further deferment of its $2.6-billion order for 10 Boeing 787-9 Dreamliners, Jet Airways told investors in a post-earnings call on Monday that the full-service airline has nothing on its order book till around 2017-18.
ICICI Bank, the largest private sector lender in the country, has initiated the process of repatriating capital from its Canadian arm for the second time in as many years.
In what could be the largest in the country, Adani Enterprises Ltd. (AEL), the flagship company of the $9.4 billion (Rs 58,300 crore roughly) Adani Group has signed a memorandum of understanding (MoU) with Government of Rajasthan for a 10000 Mw solar park in Rajasthan.
IT services and solutions firm Zensar Technologies, today announced that it has signed significant new business worth Rs 190 crore in its Application Management Services business.
State-owned Bank of India (BoI) today said it will raise up to Rs 641.99 crore by selling shares to Life Insurance Corp and New India Assurance Company to fund its business growth and meet global risk norms.