Tracking the Momentum, 50 shares of nifty was trading at 8269.45. 30 shares of sensex was trading at 27465.99.
The S&P BSE capital goods increasing 0.67% with above105.76 points at 15468.94. In S&P BSE Teck Index, Bharti Airtel(0.60%), DB Corp(0.68%), Dish TV(0.68%), Idea Cellular(1.27%), Tata communication(0.98%), Infosys(0.23%) leading at high sensex gainer. If we talk about Nifty, Nifty midcap 50, CNZ Nifty junior, CNX Infra trades were upto 0.63%. It seems like that 2015 will be a good year for stock market.
Auto stocks: The government is unlikely to extend excise duty concessions to auto industry beyond December 31. According to ET Now, the excise duty cut will be withdrawn from January 1, 2015.
SpiceJet Ltd: State-run airport operator has asked troubled budget carrier SpiceJet Ltd to deposit 2 billion rupees ($31.5 million) by December 31, failing which the airline could be put in the so-called cash-and-carry mode, a senior government official said on Tuesday.
IOC, HPCL, BPCL: Petrol and diesel may get cheaper from midnight as the government is pushing the state-run oil marketing firms to pass on the benefit of falling global prices to consumers as a New Year’s gift, officials said.