Indian Market:
Nifty closed flat with a positive bias, after witnessing a range bound trading session throughout the day. Heavyweights like Reliance Industries, Bharti Airtel, ICICI Bank, SBI and Hero Honda helped the markets to stay in positive territory.
30-share index, BSE Sensex added 33.62 points or 0.19% at 18,114.83 with 14 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 7.90 points or 0.15% at 5,439.55 with 21 components registering rise.
The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to two of Anil Dhirubhai Ambani Group (ADAG) companies Reliance Natural Resources (RNRL) and Reliance Infrastructure and asked the two to appear for a personal hearing on September 3.
Nifty closed flat with a positive bias, after witnessing a range bound trading session throughout the day. Heavyweights like Reliance Industries, Bharti Airtel, ICICI Bank, SBI and Hero Honda helped the markets to stay in positive territory.
30-share index, BSE Sensex added 33.62 points or 0.19% at 18,114.83 with 14 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 7.90 points or 0.15% at 5,439.55 with 21 components registering rise.
The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to two of Anil Dhirubhai Ambani Group (ADAG) companies Reliance Natural Resources (RNRL) and Reliance Infrastructure and asked the two to appear for a personal hearing on September 3.
Global Cues:
Stocks across Asia climbed early Tuesday, 3 August 2010, after Wall Street opened August with a strong rally on positive indicators from around the globe. The key benchmark indices in Hong Kong, Singapore, Japan, Indonesia, Taiwan and South Korea were up by between 0.08% to 0.63%.
US stocks closed at their highest level in 10 weeks on Monday, 2 August 2010, as a weaker US dollar lifted the energy and raw materials sectors. The Dow Jones Industrial Average gained 208.44 points, or 1.99% to 10,674.38.
Britain's Financial Services Authority (FSA) regulator fined Royal Bank of Scotland 5.6 million pounds ($8.9 million) for major breaches in its risk controls which could have facilitated terrorist financing.
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