Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 19.50 points at the opening bell.
Infosys after market hours on Tuesday, 18 March 2014 said it has signed a five-year agreement with Lansforsakringar AB (LFAB) to provide application development and management support for its life and non-life insurance business. The new agreement with Infosys will see LFAB, owned by Lansforsakringar Alliance, a mutual organization of 23 regional insurance companies with a strong local brand, improve the quality of service and time to market for its alliance members at a reduced cost, Infosys said in a statement.
NHPC after market hours on Tuesday, 18 March 2014 said that Unit-III of Parbati H.E. Project Stage-III has been synchronized with grid on Saturday, 15 March 2014 and commissioned at full load (130 MW) successfully on the same day.
PSU OMCs will be in focus as the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of March effective 16 March 2014 fell to Rs 7.16 per/litre. This was Rs 8.37 per litre during Ist fortnight of March 2014 from 1 March 2014. In the case of PDS Kerosene and Domestic LPG the under-recoveries for the month of March 2014 remains unchanged at Rs 36.34 per litre and Rs 605.80 per cylinder respectively as their refinery gate prices are determined on monthly basis. The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has reviewed international prices of crude oil and petroleum products during the Ist fortnight of March 2014. Oil Marketing Companies (OMCs), effective 16, March 2014, are now incurring combined daily under-recovery of about Rs 399 crore on the sale of Diesel, PDS Kerosene and Domestic LPG. This is lower than Rs 411 crore daily under-recoveries during previous fortnight effective 1 March 2014.
Shriram Transport Finance Company (Shriram) after market hours on Tuesday, 18 March 2014 said it has decided to prepone the monthly interest payout date on non-convertible debentures (NCD) to 29 March 2014 instead of 1 April 2014 due to 1 April 2014 being RTGS holiday. The interest will be computed up to 31 March 2014, the company said in a statement. It may be recalled that the company had already fixed 12 March 2014 as the record date for payment of monthly interest to NCD holders.
State Bank of Travancore after market hours on Tuesday, 18 March 2014 said its board of directors will meet on Friday, 21 March 2014, inter alia, to consider preferential allotment of shares and also to consider rights issue to the shareholders of the bank. The Board will also consider declaration of interim dividend to the shareholders of the bank. The bank has fixed 4 April 2014 as the record date for the purpose of payment of interim dividend, if declared.
Ashok Leyland after market hours on Tuesday, 18 March 2014, said that the company has sold 50 lakh shares of IndusInd Bank Tuesday, 18 March 2014, through a combination of bulk deal and normal trading.
Havells India turns ex-dividend today, 19 March 2014, for interim dividend of Rs 5 per share for the year ending 31 March 2014.
Future Consumer Enterprise at the fag end of trading hours on Tuesday, 18 March 2014 said that the Rating Committee of Credit Analysis & Research (CARE) has assigned CARE A- [Single A Minus] rating to the long-term facilities of the company and CARE A1 [A One] rating to the short-term facilities of the company.
The Reserve Bank of India next undertakes monetary policy review on 1 April 2014. Citing price pressures, the Reserve Bank of India raised its key lending rates by 25 basis points after Third Quarter Review of Monetary Policy for 2013-14 on 28 January 2014.
The next major trigger for the stock market is the outcome of the upcoming Lok Sabha elections. Lok Sabha elections will be held between 7 April 2014 and 12 May 2014 in nine phases. The counting of votes will be take place on 16 May 2014. The term of the current Lok Sabha expires on June 1 and the new House has to be constituted by May 31. Along with the Lok Sabha election, Andhra Pradesh (AP), including the regions comprising Telangana, Odisha and Sikkim will go to polls to elect new assemblies. AP, Odisha and Sikkim assemblies come to end on June 2, June 7 and May 7 respectively.
Key benchmark indices eked out small gains in volatile trade on Tuesday, 18 March 2014. The S&P BSE Sensex garnered 22.81 points or 0.1% to settle at 21,832.61 on that day, its highest closing level since 12 March 2014.
Foreign institutional investors (FIIs) bought shares worth a net Rs 1,011.95 crore on Tuesday, 18 March 2014, as per provisional data from the stock exchanges.
Asian stocks fell on Wednesday as investors weighed the prospect of further sanctions against Russia and awaited the Federal Reserve's policy statement. Key benchmark indices in South Korea, Taiwan, Singapore, Japan and China fell 0.05% to 0.68%. Key benchmark indices in Indonesia and Hong Kong rose 0.1% to 0.58%.
Japan's trade deficit exceeded estimates in February, underscoring drags on the nation's recovery ahead of a sales-tax increase in April that will weigh on domestic demand. The 800 billion yen ($7.9 billion) shortfall reported by the finance ministry in Tokyo today. Imports expanded 9% from a year earlier, and exports rose 9.8%.
US stocks climbed on Tuesday as housing data bolstered confidence in the economy and Vladimir Putin said Russia isn't seeking to split Ukraine.
A Commerce Department report showed housing starts were little changed in February after declining less than previously estimated a month earlier, indicating the home-building industry is stabilizing after bad winter weather curbed construction. Permits filed for future projects increased 7.7% to a 1.02 million pace in February, the most since October.
A two-day meeting of the Federal Open Market Committee (FOMC) for monetary policy review ends today, 19 March 2014. After a monetary policy review, the FOMC on 29 January 2014 announced it will reduce monthly bond purchases by another $10 billion to $65 billion.
Russia cemented its claim to Crimea as Putin showed no sign of backing down in the standoff over Ukraine's breakaway Black Sea region, prompting Western leaders to vow further sanctions this week. Leaders of Poland and Estonia, two of the countries on the front line of turmoil in Ukraine, told US Vice President Joe Biden they want a more aggressive stance toward Russia. Biden is on a two-day trip to the region aimed at assuring North Atlantic Treaty Organization allies that the US will support them against any attempt by Russia to encroach on their territory.
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