Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 14 points at the opening bell. Asian stock markets were lower today, 1 April 2015, following a mixed bag of economic data releases.
The Eight Core Industries carrying nearly 38% weight in the Index of Industrial Production (IIP) have recorded 1.4% growth in February 2015 over February 2014, data showed yesterday, 31 March 2015.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 356.07 crore yesterday, 31 March 2015, as per provisional data. Domestic institutional investors (DIIs) bought shares worth a net Rs 283.71 crore yesterday, 31 March 2015, as per provisional data.
Shares of natural gas production companies viz. Reliance Industries, ONGC, Oil India and Cairn India will be in focus after Petroleum Planning & Analysis Cell under the Ministry of Petroleum & Natural Gas after trading hours yesterday, 31 March 2015, notified price of domestic natural gas at $4.66 per million metric British thermal unit (MMBTU) on gross calorific value basis for the six months period from 1 April 2015 to 30 September 2015. The gas price is lower by 7.72% from the price of $5.05 per MMBTU for the period from 1 November 2014 to 31 March 2015.
Meanwhile, data released by the government after trading hours yesterday, 31 March 2015, showed that total natural gas production in India declined 8.1% in February 2015 over February 2014 and crude oil production declined 1.9% in February 2015 over February 2014.
Shares of crude oil refiners will be in focus after the core sector data released by the government after trading hours yesterday, 31 March 2015, showed that total petroleum refinery production in India declined 1% in February 2015 over February 2014.
More From This Section
Shares of state-run coal miner Coal India will be in focus after the core sector data released by the government after trading hours yesterday, 31 March 2015, showed that the total coal production in India jumped 11.6% in February 2015 over February 2014.
Shares of power generation firms will be in focus after the core sector data released by the government after trading hours yesterday, 31 March 2015, showed that electricity generation increased 5.2% in February 2015 over February 2014.
Shares of steel makers will be in focus after the core sector data released by the government after trading hours yesterday, 31 March 2015, showed that total steel production in India declined 4.4 % in February 2015 over February 2014.
Shares of cement companies will be in focus after the core sector data released by the government after trading hours yesterday, 31 March 2015, showed that total cement production in India increased by 2.7 % in February 2015 over February 2014.
Tata Steel before market hours today, 1 April 2015, announced that it has divested its entire stake in Lanka Special Steels (LSSL) to E.B. Creasy & Company (EBCC) for a total consideration of LKR 433 million (around Rs 20.40 crore) in an all cash deal. LSSL was a wholly owned subsidiary of Tata Steel incorporated in Sri Lanka. It is engaged in the business of manufacturing and supplying hot dip galvanized wire and nail wire with an installed capacity of 14,400 metric tonnes per annum. It had an annual turnover of LKR 1,569 million (Rs 74 crore) in fiscal year ended March 2014.
HDFC Bank before market hours today, 1 April 2015 said that it has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3000 crore.
Shares of fertilizer companies will be in focus. The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi yesterday, 31 March 2015, approved a major policy intervention, to supply gas at uniform delivered price to all fertilizer plants on the gas grid for production of urea through a pooling mechanism. It is expected that the cost of production of urea at pooled price would be less than the price of imported urea, which will encourage the existing urea units to produce beyond their reassessed capacity. The increase in urea manufacturing capacity will also contribute to the Make in India initiative, a statement from the Ministry of Petroleum & Natural Gas said.
The Eight Core Industries carrying nearly 38% weight in the Index of Industrial Production (IIP) have recorded 1.4% growth in February 2015 over February 2014, data showed yesterday, 31 March 2015. Its cumulative growth during April to February, 2014-15 was 3.8%.
Amid divergent trend among various index constituents, key benchmark indices registered small losses on the last day of the year ended 31 March 2015 (FY 2015) yesterday, 31 March 2015. Indian companies and domestic investors follow the period from 1 April to 31 March as their financial year. The barometer index, the S&P BSE Sensex, fell below the psychological 28,000 level after surpassing that level after a higher opening. The Sensex fell 18.37 points or 0.07% to settle at 27,957.49, its lowest closing level since 27 March 2015.
Asian stock markets were lower today, 1 April 2015, following a mixed bag of economic data releases. Key indices in Japan, Taiwan, Singapore, South Korea, and Indonesia were off 0.06% to 0.89%. Key indices in China and Hong Kong were up 0.44% to 0.88%.
China's official March manufacturing purchasing manager's index (PMI) unexpectedly edged up to 50.1 in March from February's 49.9, a tad above the 50-mark that that separates growth from contraction.
In Japan, the headline big manufacturers index remained unchanged from the previous quarter at +12, the Bank of Japan's Tankan survey showed today, 1 April 2015.
US stocks closed lower yesterday, 31 March 2015, giving back most of Monday's major gains, as investors eyed mixed economic data and the end of the first quarter.
The influential monthly US nonfarm payroll data is due on Friday, 3 April 2015, when the US stock market is closed on account of Good Friday. The US government will announce the payroll report for March 2015 on 3 April 2015.
Powered by Capital Market - Live News