Market Outlook- ONGC inducts third offshore supply vessel!

The 50-share Nifty index is expected to open flat following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6200 levels. Stocks in news are ONGC, GlaxoSmithKline, GATI, Ashok Leyland and Sobha Developers.

Today’s Headlines

1) SBI hikes base rate by 20 BPS as cost of funds shoots up.
2) Bhutan asks India to expedite development of more hydro power projects.
3) Drug companies, distributors slugfest over margins.
4) Canadian hotel chain Four Seasons Hotels and Resorts to scale up in India.
5) ONGC inducts third offshore supply vessel.

Read detail analysis report:- http://www.quora.com/Rahul-Prasad-12/Posts/ONGC-inducts-third-offshore-supply-vessel

Tata Capital to invest Rs 40 crore in Mitra biotech!

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets, while investors will keep a close eye on Ambuja Cements which declared its results for the July-September quarter on Wednesday. Stocks in news are Ambuja Cements, SBI, IDBI, Central Bank, Idea, Biocon, Indiabulls Housing, SKS Microfinance, Piramal Enter, Jet Airways, Escorts and Raymond.

Today’s Headlines

1) SBI transfers 70 execs, move seen as an attempt by new chief to stamp her authority.
2) Former MD & Chairman of Indian Bank, four others sentenced.
3) ONGC writes to DGH about possibility of RIL drawing gas from blocks allocated to it.
4) Tata Capital to invest Rs 40 crore in Mitra biotech.

For detail news please visit here: - http://www.quora.com/Rahul-Prasad-12/Posts/Tata-Capital-to-invest-Rs-40-crore-in-Mitra-biotech

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