Indian Market:
Equity benchmarks outperformed global markets on Thursday on the back of buying across all sectors. The Nifty closed above the 6100 mark and the Sensex rallied above 20250 level. The markets bounced back today after witnessing a sell-off since Thursday barring Monday's marginal up move.
Gujarat Mineral Development Corp., an Indian mining company, is seeking partners to set up an alumina refinery and an aluminium smelter in the Kutch district of the western state of Gujarat.
National carrier Air India is likely to receive government approval for a Rs 120 million equity infusion by month-end, said Civil Aviation Minister Praful Patel on Tuesday in national capital New Delhi.
Global Cues:
Most Asian stocks rose on Thursday on growing expectations of more stimulus from the US Federal Reserve, although gains were modest as investors took a cautious stance ahead of critical economic data from China. The key benchmark indices in Hong Kong, Indonesia, Japan and Taiwan rose by between 0.2% to 0.64%. The key benchmark indices in China, Singapore and South Korea fell by between 0.03% to 0.21%.
U.S. stocks advanced, with benchmark indexes rallying the most in two weeks, on higher-than-estimated results at Boeing Co. and Yahoo! Inc. and speculation the Federal Reserve will inject more money into the economy.
The Asian Development Bank may issue a bond next year solely for water projects in a bid to lend as much as $25 billion over the next decade amid persistent supply problems in the region.a
Equity benchmarks outperformed global markets on Thursday on the back of buying across all sectors. The Nifty closed above the 6100 mark and the Sensex rallied above 20250 level. The markets bounced back today after witnessing a sell-off since Thursday barring Monday's marginal up move.
Gujarat Mineral Development Corp., an Indian mining company, is seeking partners to set up an alumina refinery and an aluminium smelter in the Kutch district of the western state of Gujarat.
National carrier Air India is likely to receive government approval for a Rs 120 million equity infusion by month-end, said Civil Aviation Minister Praful Patel on Tuesday in national capital New Delhi.
Global Cues:
Most Asian stocks rose on Thursday on growing expectations of more stimulus from the US Federal Reserve, although gains were modest as investors took a cautious stance ahead of critical economic data from China. The key benchmark indices in Hong Kong, Indonesia, Japan and Taiwan rose by between 0.2% to 0.64%. The key benchmark indices in China, Singapore and South Korea fell by between 0.03% to 0.21%.
U.S. stocks advanced, with benchmark indexes rallying the most in two weeks, on higher-than-estimated results at Boeing Co. and Yahoo! Inc. and speculation the Federal Reserve will inject more money into the economy.
The Asian Development Bank may issue a bond next year solely for water projects in a bid to lend as much as $25 billion over the next decade amid persistent supply problems in the region.a
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