China Can Keep Growth Stable This Year & in The Long Term

ITC, Lupin, Tata Motors, Sun Pharma and Cipla are top gainers while Infosys, Asian Paints, TCS, Hero and NTPC are losers in the Sensex. For more update visit www.marketmagnify.com/stock-future-power.php & give a missed call 78-79-88-1-22.

    Brokerage house Deutsche Bank has trimmed its Sensex target to 27,000 from 29,000 earlier, citing global uncertainty in the wake of ‘Brexit.’
      Foreign investors have pulled out close to Rs 6,200 crore from the country's stock markets so far this month, taking the total outflow to more than Rs 11,500 crore in 2016.
        The initiatives include sourcing Indian coffee for the US market, introducing the Teavana brand of specialty teas in Indian stores, expanding the market of the Tata-owned mineral water brand Himalayan and skilling over 3,000 youths, the companies said.
       Share prices of Parag Milk Foods rose 4 percent intraday Monday on the back of better fourth quarter numbers. The company's Q4 (Jan-March) net profit increased by 49.6 percent at Rs 19.6 crore against Rs 13.1 crore, in the same quarter last fiscal.
      Equity benchmarks continued to see volatility in morning trade after investors digested Brexit in last Friday's trade. FMCG, infra, select banks and pharma stocks gained while technology, auto and metals stocks were under pressure.

       China is able to keep economic growth stable this year and in the long term, Premier Li Keqiang said on Monday. The country cannot ignore changes in the global economy as well as risks in the domestic economy, Li said during a speech at the World Economic Forum (WEF) in the northern city of Tianjin.

Govt Approves Rs 1,298 cr Project to Nagpur's Nag River

The market has opened firm supported by banks, auto, infra and pharma stocks. The Sensex is up 131.18 points or 0.5 percent at 26526.89, and the Nifty up 38.35 points or 0.5 percent at 8147.20. About 624 shares have advanced, 138 shares declined, and 37 shares are unchanged. For more market update visit  www.marketmagnify.com/stock-cash-power.php   & Give Missed Call  78-79-88-11-22

Adani Ports, Bhari Airtel, SBI, NTPC and BHEL are top gainers while ICICI Bnak, Dr Reddy's and TCS are down in the Sensex.

       The Indian rupee opened flat at 67.25 per dollar against previous close of 67.26.

       Government approved a Rs 1,298 crore project for beautification and rejuvenation of Nagpur's Nag river. The approval to the project was given after a meeting between Road Transport and Highways Minister Nitin Gadkari with Environment and Forest Minister Prakash Javadekar here.
         APCPL is a joint venture company with 50 percent share of NTPC, 25 percent of Haryana Power Generation Company Ltd and 25 percent of Indraprastha Power Generation Company.

           A Moneycontrol survey picks stocks in which foreign instituitional investors (FIIs) and mutual funds (MFs) have been continuously increasing and offloading their stake in the last five quarters.

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Central Bank of India rises 6% on capital raising plan 

Shares of Central Bank of India advanced more than 6 percent intraday Thursday on capital raising plan.

The company is going to raise additional capital by issuing 3.14 crore of equity shares at an issue price of Rs 52.66 per share to Life Insurance Corporation on preferential basis. 

The company also seeks government nod for conversion of entire 5830 innovative perpetual debt instruments aggregating to Rs 583 crore held by government of India (GoI) in to equity shares at an issue price of Rs 70.71 per share and to raise additional capital by issuing equity shares to GoI on preferential basis. 

The company is going to hold extra-ordinary general meeting (EGM) on March 30, 2016 to pass special resolution for determining the issue price as per SEBI regulation. 

At 09:49 hrs Central Bank of India was quoting at Rs 67, up Rs 0.95, or 1.44 percent on the BSE.