Going ahead, V Jayasankar of Kotak Investment Banking sees strong pipeline of fresh paper coming in Rs 80,000-1,00,000 crore and a bulk of it will come from the PSU side, that is government divestment in PSU banks and PSU banks raising capital, while the balance will come from the private sector.
GDP growth in Q1 was higher than consensus at 5.7 percent and the Finance Minister Arun Jaitley believes it will be on the rise. A positive resolution of the coal scam case could act as a catalyst. It's time to buy, says Rakesh Arora, Macquarie.
Government today said the under-recovery on high speed diesel (HSD) applicable for first fortnight of September effective today will go down to Rs 0.08 per litre. This was Rs 1.78 per litre during second fortnight of August 2014.
subscription: QIB-17 times, HNI - 221.8 times, Retail - 41.2 timesOther stocks and sectors that are in news today:-ONGC okays Rs 5,219 crore investment to up gas production from Daman Project-Petrol price cut
The Cabinet Committee on Economic Affairs did not take up the disinvestment proposals as the minister concerned was not present, Law Minister Ravi Shankar Prasad told reporters here after the CCEA meeting.