Markets may climb, MUMBAI: Markets are expected to advance on Monday as global counterparts gain ground, while SGX Nifty trends point to a mildly bullish start for Indian benchmark indices. On Friday, the BSE Sensex down 677.77 points, or 1.13 percent, to 59,306.93, while the Nifty fell 185.60 points, or 1.04 percent, to 17,671.65.
Asian equities moved up on Monday, led by a post-election rally in Japan’s Nikkei, while bonds shook and the dollar strengthened as traders awaited central bank meetings in the United Kingdom, Australia, and the United States to determine the rate policy outlook.
Markets may climb, After Prime Minister Fumio Kishida’s. Liberal Democratic Party fared better than expected in Sunday’s election, the. Nikkei surged 2.3 percent to a one-month high, with exit polls showing the party easily retaining a majority.
Other markets were quieter, with MSCI’s Asia-Pacific stock index outside of Japan rising modestly. The mood was dampened by weekend statistics showing a sharper-than-expected decline in Chinese factory activity.
HDFC, Tata Motors, Relaxo Footwears, Indian Railway. Finance Corporation, Whirlpool of India, Aditya Birla Capital, and Bayer Cropscience, among other major corporations, will report their September quarter results today.
According to the power ministry, state-owned power firm. NTPC has made an order for. 9,30,000 tonnes of biomass pellets for co-firing in power plants, which will assist improve air quality. In addition, Haryana. Punjab, and Uttar Pradesh have ordered. 1,301,000 tonnes of biomass pellets for co-firing in their power plants, according to a statement released by the electricity ministry on Sunday.
According to data examined by primeinfobase.com. Prime Database Group, LIC’s position across. 281 NSE-listed enterprises, where it controls more than. 1% of the shareholding, fell to 3.69 percent of the aggregate market value of these companies as of 30 September.
That’s down from 3.91 percent at the end of. September last year and the all-time high of 5% on June 30, 2012.
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