Indian Market:
The 30-share BSE Sensex closed at 17,876.55, up 305.73 points or 1.74% and the 50-share NSE Nifty rose 90.70 points or 1.72% to settle at 5,353.30. , Realty, Bank, Capital Goods, Auto, Power, FMCG and Healthcare indices were up 1-2.66%. Even Midcap and Smallcap indices rose 1.2% each.
Housing Development Finance Corp., India's third-largest lender by market value, is selling 5 billion rupees ($110 million) of five-year bonds.
In a major decision, the government has ended the row over Ulip by promulgating an ordinance on Friday, 18 June 2010, stating that unit linkedinsurance policies with investment component are insurance products which will come under the regulatory jurisdiction of the Insurance Regulatory & Development Authority (Irda) and not the Securities & Exchange Board of India (Sebi).
Global Cues:
Asian stock markets powered higher Monday, 21 June 2010, after the People's Bank of China signaled over the weekend that it would end the yuan's de-facto peg to the US dollar. The Shanghai Composite index was up 0.57% and Hong Kong's Hang Seng was up 2.55%.
European stocks rose for a ninth day, extending the longest rally in 11 months, after China signaled it will relax the yuan's fixed rate to the dollar. Asian shares and U.S. index futures climbed The Stoxx Europe 600 Index climbed 1.3 percent to 258.9.
China's biggest shift in currency policy in almost two years is just one step on the path toward recalibrating the forces needed to drive the world economy into a sustainable expansion.
0 comments:
Post a Comment