Market Outlook: - Markets continues to trade in consolidation for 4th session now. - Globally markets are in buoyant mood as cheering strength in US economy and a good result season. - Locally markets would open with gains, though profit booking would cap upside. - NBFC counters will be in focus, reacting to RBI’s guidelines. - HDFC Bank & Lupin too will be in thick of action as media reports suggest FIPB meeting on Friday. News: - As per media reports, Govt will consider 48 proposals for FDI during a meeting on Friday. They include those of HDFC Bank, Punj Lloyd and a host of pharmaceutical ventures. - JSP IN: As per media reports, Co is likely to list Oman-based subsidiary - Shadeed Iron & Steel LLC in Muscat Securities Market, raising around $500mn. - HCC IN: Cos subsidiary - Lavasa Corp - has received SEBIs approval for raising Rs 7.50bn through an IPO. - ICEM IN: Board to consider raising Rs 5bn from investors by issue of QIP, FCCB, GDR and/or other securities. - AMTK IN: Amtek Global Technologies, a subsidiary of Co will receive EUR 235mn of long-term financing from KKR to replace existing bridge loan & consolidate all of the Co’s existing debt. bit.ly/1EnliZT
Posted on: Tue, 11 Nov 2014 03:36:22 +0000
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