Highlights for Today
Market Outlook for the day – Considering the volatility, we expect Nifty to consolidate further within the broader range of 7450-7700 level in near future.
United Bank of India plans to raise Rs 1,000 crore as equity over the next one year. Equity is to be raised in the form of public issue, rights issue or QIP.
Tata Power Solar has commissioned the 50 MW solar photovoltaic project for NTPC, as part of its mandate to expand renewable energy portfolio to 1,000 MW by 2017.
Reliance Industries Ltd will invest Rs 1,80,000 crore in the next three years and is gearing up to launch its 4G services in the next few months. Besides petrochem, FY15 and FY16 would also focus on the company's telecom and retail investments. will invest Rs. 1,80,000 crore in the next three years and is gearing up to launch its 4G services in the next few months.
Indian markets plunged over a per cent due to all-round selling by funds and retail investors and weak rupee despite firm European cues. Indian stocks edged lower after a sudden slide in afternoon trade as international crude oil prices rose following reports that Sunni militants have attacked Iraq's largest oil refinery. Volatility ruled the roost in late trade as fresh selling derailed an intraday recovery. The market breadth indicating the overall health of the market was negative.