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Journalism of Courage
BSE Sensex today rose over 13 points in early trade,extending gains for the second straight session on sustained buying by funds in bluechips amid a firm trend in the Asian region.
The 30-share index,which had gained 88.26 points in the previous session,rose further by 13.28 points,or 0.07 per cent,to 18,642.43 points,led by oil and gas,power and IT sector stocks.
The National Stock Exchange index Nifty moved up by 11 points,or 0.20 per cent,to 5,620.10 points.
STOCK MARKET LINKS
Brokers said sustained buying by funds amid a firm trend in other Asian bourses mainly boosted the trading sentiment.
In Asia,Hong Kong’s Hang Seng index rose by 1.18 per cent,while Japan’s Nikkei by 1.41 per cent in early trade.
The US Dow Jones Industrial Average ended 0.69 per cent higher in yesterday’s trade.
Indian stocks to watch – June 26
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange are 0.28 percent up and the MSCI-Asia Pacific index excluding Japan is 0.98 percent higher.
* Asian shares edged higher to reverse a four-day losing streak on Wednesday as investors took comfort from firm U.S. data underscoring an American recovery,and assurances from China’s central bank to provide funds to institutions if needed.
* U.S. stocks rose by the most in nearly two weeks on Tuesday after data showed business investment and the housing recovery continued apace,reassuring investors worried about the Federal Reserve’s plans to reduce its massive monetary stimulus.
FACTORS TO WATCH
* Indian Prime Minister Manmohan Singh on a two-day visit to the troubled state of Jammu and Kashmir to inaugurate India’s longest railway tunnel in Srinagar.
* An Indian ministerial panel meets to discuss the pricing of 2G mobile phone airwaves in the next auction and other issues around the planned auction. (1130 GMT)
INDIAN STOCKS TO WATCH
Bajaj Auto gets work stoppage notice from workmen’s union of Chakan plant
Sanofi,Novartis and GSK in race to buy Elder Pharma’s domestic formulations business
Tamil Nadu offers to buy Neyveli Lignite stake via State PSUs
Overload of foreigners on boards may ground Jet-Etihad deal; aviation min objects
Reliance Capital to spin off retail lending; ropes in Japanese financial firms
India’s market regulator eases foreign investment rules
India to lift FDI cap in some sectors by July 3rd week – minister
India’s central bank moves to deter rural gold buying
India cbank allows telcos to refinance rupee loans until March
India cbank extends buyback time period of FCCBs till Dec 31
Merck & Co wins injunction against Indian firm over diabetes drugs
India’s Strides Arcolab gets WHO nod for malaria treatment
Aditya Birla Nuvo to apply for banking license
India cbank discontinues overseas borrowings in renminbi immediately
Spice Group to seek banking licence,in talks to rope in S’pore investor
