The NSE Nifty Future is trading at 10,933.00 up with +0.67% percent or +73.15 point. The Nikkei 225 Future is trading at 22,170.00 with a loss of -0.09% percent or -20.00 point . The Hang Seng Future is trading at 28,646.00 with a loss of -0.03% percent or -10.00 point.
TODAY’S FACTORS AND EVENTS
The Department of Telecommunications has given conditional approval to the merger of Vodafone India with Idea Cellular. But DoT seeks an upfront payment of Rs 7,268 crore, a demand Idea is widely expected to challenge. Earlier, the Supreme Court has stayed a similar claim on Bharti Airtel while acquiring Telenor India.
The Mumbai branch of the National Company Law Tribunal on Monday dismissed a petition by former Tata Sons Chairman Cyrus Mistry, alleging oppression of minority shareholders and mismanagement. But Mistry said he would challenge the ruling.
The government’s subsidy burden on kerosene and cooking gas has soared along with a spike in administered prices of these household fuels. While kerosene price has risen 65 per cent in last two years, cooking gas has become 17 per cent costlier. On kerosene, the under-recovery has increased 54 per cent to Rs 18 a litre while on cooking gas it has gone up by 59 per cent to Rs 205 a cylinder.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,776.59 up with +1.31% percent or +320.11 point. The S&P 500 is trading at 2,784.17 up with +0.88% percent or +24.35 point. The Nasdaq Composite is trading at 7,756.20 up with +0.88% percent or +67.81 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,196.89 up with +0.66% percent or +144.71 point. Hong Kong’s Hang Seng is trading at 28,682.25 with a loss of -0.022% percent or -6.25 point. China’s Shanghai Composite is trading at 2,827.63 up with +0.44% percent or +12.52 point. India’s BSE Sensex is trading at 36,188.89 up with +0.71% percent or +254.17 point at 12:15 PM.