Sensex opens flat, Nifty below 8600; Tata Motors up 3%, SBI down . For more information visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22.Tata Motors, L&T, Cipla, Sun Pharma and Asian Paints are top gainers while Adani Ports, Lupin, Bharti, SBI and Axis are losers in the Sensex.
- The market has opened flat reacting to Federal Reserve Chair Janet Yellen's comments on rate hikes. The Sensex is up 39.01 points or 0.1 percent at 27821.26, and the Nifty is up 11.20 points or 0.1 percent at 8583.75. About 172 shares have advanced, 93 shares declined, and 17 shares are unchanged.
- Sebi mulling relaxed norms for REITs, InvITs, startups listing. To make domestic capital markets more attractive, regulator Sebi has lined up wide-ranging relaxations to its norms for REITs and InvITs and an easier set of listing rules for startups. Several attempts are being made to garner due attention from business houses in the country but all the efforts failed leading to Sebi reconsidering the proposal to give further relaxations.
- NSE to complete delisting process of 140 cos in two months. Trading in these 140 companies have remained suspended for five years and more and their delisting would take place in a phased manner, a top official with the NSE told PTI.
- See Q1 GDP at 7.8%; no rate cut by RBI in 2016: Goldman Sachs. India’s first quarter gross domestic product, to be released on Tuesday, is expected to come at 7.8 percent, Andrew Tilton of Goldman Sachs says adding that positive impact of monsoon is underrated.