Market Outlook: - Global markets rise with continuing pull-back by materials (crude) and taking a leaf from cues of FOMC minutes. - Native markets too would post gains in opening, though we suggest being watchful of strength of ensuing pullback. - IT pack led by Infosys will be in focus as latter kick-stats Q3 result season today. News: - CDH IN: Voluntarily recalling 19,536 bottles of benzonatate capsules, used to treat coughs, in US. - KMB IN: Anglo-South African financial services firm Old Mutual OML.L will discuss with partner Kotak Mahindra KTKM.NSupping its stake in their Indian joint insurance venture following a rule change - TATA IN: Moodys have upgraded Cos corporate family rating to Ba1 with a stable outlook on expectations that Tata Steel UK Holdings will have less drag on performance of group. - DRRD IN: Maharashtra state FDA has issued order to suspend 2-drug licenses of Co. for serious lapses found at its storage premises situated at Bhiwandi near Thane. - UNSP IN: Co. Shareholders meet today at an EGM to vote on granting approval for exclusive license & distribution agreements with parent Diageo, a proposal that failed to garner enough votes from minority shareholders at postal ballot in November. - RELI IN: In a big relief for Co, Bombay High Court dismissed MMRDA appeal against it in Mumbai Metro Case. Co will now be at liberty to increase fares for metro rail which it operates in Mumbai It will decide on increasing fares with effect from January 10. bit.ly/9Jan2015Outlook
Posted on: Fri, 09 Jan 2015 03:50:15 +0000
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