Vachana Investments market Focus for the day Markets are likely to open flat to positive on the mixed global cues. However, markets may edge higher later in the session on the boost generated by the better-than-expected US jobs data. US markets closed higher on better-than-expected nonfarm payroll data. US economy added 325,000 new jobs in the month of November which boosted the sentiments. FIIs were net sellers in Indian Equities worth Rs 109.45 crore. Watch out for the proceedings of the winter session of parliament as expectations on reform-centric legislative proposals. Stocks to Watch Infosys will be in focus as four of its founders are going to raise around $1.1 billion by selling their stakes in the company, according to media reports. SBI will be in focus on plans to raise $ 300 million by way of issuing bonds. The proceeds are planned to be used for general corporate purposes. Bajaj Auto is in news on reports that the company is looking to raise prices of its two models - Platina and Discover - from next month in order to partially offset increase in input costs. Coal India , ONGC , NHPC part of disinvestment plan to take place In coming days. Jubilant Foods may come under pressure as its promoter group entity Weston Investment Ltd has reduced its stake in the company by 2.44 per cent by selling 15.97 lakh shares in the open market. Spicejet will be in focus as its board meets today to come up with plans to recapitalize the troubled airline. Regards Santhosh Kumar V Senior Research Analyst Vachana Investments Pvt Ltd. vachanainvestments
Posted on: Mon, 08 Dec 2014 03:36:40 +0000
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