The near Future of Indian Stock Market will open flat with positive bias. Market is still in positive zone. Market looks to be overstretched and we can expect some profit booking at this point of time.
Following are some landmarks:-
Tata firm is going to invest in Rs 5,900 crore Swan LNG project.
Panacea Biotec has signed an agreement with UNICEF to supply Vaccine “Easy five-TT” in the current year. Total value of the its expected business from UN Agencies is worth around Rs 140 crore based on current exchange rate.
Birla Sun Life Asset Management Company (BSLAMC) is looking to achieve its total assets under management to Rs 2.5 trillion by March 2018 from the current AUM at Rs 1.84 trillion.
Capital First firm has concluded the allotment of Non-Convertible Debentures on a private placement basis for raising Rs 500 crore of a face value of Rs 10 lakh each for raising the amount..
The State Bank of India (SBI) has raised USD 500 million through an international bond sale of 5-year bonds at coupon of 3.306% per year and getting oversubscribed three times.