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Wed, 05 August 2015
Inflation, Fed to decide RBI's next policy move: Brokerages
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13:08 Adani Ent rallies further on Foxconn buzz, up over 9%
Shares of Adani Enterprises surged over 9 per cent,
extending its rally for the second straight session, after Taiwan-based
Foxconn, which makes iPhone, iPad and other Apple products, said it's in talks
with the Adani group to set up manufacturing factories in India.
The stock climbed 9.11 per cent to Rs 103 on BSE.
On NSE, it gained 9.1 per cent to Rs 103.05.
In the previous session too, the stock had rallied 11 per cent.
Foxconn is in talks with billionaire Gautam Adani's group and other Indian firms to set up manufacturing facilities in India.
The stock climbed 9.11 per cent to Rs 103 on BSE.
On NSE, it gained 9.1 per cent to Rs 103.05.
In the previous session too, the stock had rallied 11 per cent.
Foxconn is in talks with billionaire Gautam Adani's group and other Indian firms to set up manufacturing facilities in India.
12:40 Inflation, Fed to decide RBI's next policy move: Brokerages
A day after Reserve Bank of India decided to keep its policy
rates on hold, some top equity research firms including Morgan Stanley and SBI
Research today said the central bank may ease the rates on favourable
macroeconomic data.
A few others such as Nomura and DBS, however, said that RBI was in a neutral gear and the rates are likely to remain on hold.
On its part, RBI has said that its future rate action would depend largely on three key factors -- inflation, monsoon progress and the US Fed action.
Morgan Stanley said in a research report that evolving inflation trajectory will create room for more policy rate cuts.
A few others such as Nomura and DBS, however, said that RBI was in a neutral gear and the rates are likely to remain on hold.
On its part, RBI has said that its future rate action would depend largely on three key factors -- inflation, monsoon progress and the US Fed action.
Morgan Stanley said in a research report that evolving inflation trajectory will create room for more policy rate cuts.
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