Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 13 points at the opening bell. The government will unveil data on inflation based on the wholesale price index (WPI) for November 2013 today, 16 December 2013. Asian shares were trading lower ahead of the crucial US Federal Reserve meet.
Tata Motors Group global wholesales, including Jaguar Land Rover, fell 19.91% to 81,957 units in November 2013 over November 2012. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range declined 36.54% to 31,254 units in November 2013 over November 2012.
Global wholesales of all passenger vehicles slipped 4.49% to 50,703 units in November 2013 over November 2012. Global wholesales of Tata Motors' passenger vehicles dropped 41.71% to 10,747 units in November 2013 over November 2012.
Global wholesales for Jaguar Land Rover rose 15.31% to 39,956 vehicles in November 2013 over November 2012. Jaguar wholesales rose 7.87% to 6,753 vehicles, while Land Rover wholesales rose 16.95% to 33,203 vehicles in November 2013 over November 2012.
State-owned Coal India has reportedly called a board meeting today, 16 December 2013 to consider declaring a special dividend. The government holds 90% stake in Coal India (as per shareholding pattern as on 30 September 2013).
United Breweries after market hours on Friday, 13 December 2013 said in a clarification with regard to a media news item titled "Heineken International buys United Breweries Ltd shares for Rs 275 crore". The company said that it does not have any official communication/intimation from the promoter companies as of now and hence unable to comment at this stage. It further added that as and when the company receives official communication in this regard, it would intimate the exchange accordingly about the details.
The government will unveil data on inflation based on the wholesale price index (WPI) for November 2013 today, 16 December 2013. WPI is seen easing a bit at 6.9% in November 2013, from 7% in October 2013, as per the median estimate of a poll of economists carried out by Capital Market.
The Reserve Bank of India (RBI) announces next Mid-Quarter Review of Monetary Policy for 2013-14 on Wednesday, 18 December 2013. The Third Quarter Review of Monetary Policy for 2013-14 is scheduled on 28 January 2014.
The December instalment of Advance tax is required to be paid on or before 15th December, 2013 by the tax payers who are liable to pay advance tax. These taxpayers can make payments in the designated branches of the authorized banks, electronically or physically, as per law. The banks were closed on 15th December, 2013, being a Sunday. Accordingly, to facilitate payment of this instalment of Advance tax for the financial year 2013-14, the Central Board of Direct taxes (CBDT) has issued an order to extend the time limit to make such payments of Advance Tax, from 15th December, 2013 to 17th December, 2013. Taxpayers, therefore, can now pay their advance tax instalment by 17th December, 2013 without entailing any consequential interest for deferment.
Key benchmark indices dropped in choppy trade on Friday, 13 December 2013 as a sharp uptick in consumer price inflation in November 2013 raised the likelihood of the Reserve Bank of India (RBI) hiking its main lending rate viz. the repo rate. The S&P BSE Sensex lost 210.03 points or 1% to settle at 20,715.58, its lowest closing level since 4 December 2013.
Foreign institutional investors (FIIs) sold shares worth a net Rs 432.02 crore on Friday, 13 December 2013, as per provisional data from the stock exchanges.
Asian shares were trading lower ahead of the crucial US Federal Reserve meet. Key benchmark indices in Taiwan, Hong Kong, China, Singapore, Japan and Indonesia fell by 0.14% to 1.05%. South Korea's Seoul Composite rose 0.2%.
Growth in China's manufacturing-sector activity is slowing to a three-month low, initial results from HSBC's monthly survey showed today, 16 December 2013. The "flash" version of the December HSBC/Markit China manufacturing Purchasing Managers' Index eased to 50.5, down from November's final reading of 50.8. Still, the headline number remained above the 50 level, indicating growth.
The Bank of Japan (BoJ), which buys more than 7 trillion yen ($67.6 billion) of Japanese Government Bonds (JGBs) every month in its bid to stoke inflation, holds a two-day monetary policy meeting on 19 and 20 December 2013.
US stocks closed flat to slightly higher on Friday after a choppy session as investors looked toward a Federal Reserve meeting that could start the curtailment of the Fed's equities-boosting stimulus program.
The Federal Open Market Committee (FOMC) holds a two-day policy meeting on interest rates in the United States which begins tomorrow, 17 December 2013. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Minutes of the Fed's October meeting released on 20 November 2013 showed officials may reduce their $85 billion a month of bond buying if the economy improves as anticipated.
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