The premium of RIL’s GRM over the benchmark Singapore GRM widened to $4.3 per barrel, one of the highest levels since 2009.
Both companies have been hit by slow overseas markets (accounting for more than 60% revenues) and falling commodity prices.
With FPIs investing Rs 1,378 crore in Indian equities last week, a substantial part of the foreign inflows thus came from ETFs.
HDFC has issued 3.65 cr warrants at Rs 14 apiece, giving holders the right to exchange one warrant for one equity share in 3 years.
ETFs withdrew $1.17 billion (Rs 7,641 crore) from Indian equities between beginning of August and first week of September.
The earnings yield spread of the Sensex relative to the treasury yield is narrowest in 5 months following a 7% drop in Sensex in a month.
The answer lies in the investment style and sector weights that FPIs and DIIs tend to follow. It is as much about the inflows, as it is about where they are flowing into.
At one end, the market could hit a low of 7200; and on the other, it could climb to as much as 8200 in the near term, analysts say.
Maruti may advance Gujarat plant by 3-6 months, new generation Swift and Dzire to be home for the new plant
“In 2017, we will need the Gujarat plant and work is on in full swing there,” Bhargava had told shareholders at the AGM last week.
Indian M&HCV market considered as a barometer of economic activity has made a smart recovery on the back of pent-up replacement demand in FY15.
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