Thursday March 14, 12:30 PM
Awaiting judgment... |
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By Equitymaster.com
Over the past hour markets have remained static. Activity is seen in very select counters. With the Supreme Court ruling out any puja at the disputed site, weight was lifted off the markets. Investors' are likely to look forward to the March 15 ruling regarding possession of the site.
The BSE Sensex is at 3,583 (up 13 points) and the NSE Nifty is at 1,161 (up 4 points). The rupee is trading at Rs 48.71 per US dollar.
Reliance (RELI.BO, news) Industries (1%) is among the gainers in today's trading session. With a likely turnaround in the global economy, the petrochemical cycle is likely to experience some revival. Polymer prices have been strengthening over the past two months. With prices declining investors' are likely to have been attracted to the counter.
East India Hotels is trading close to yesterday's levels. As per reports a fire has broken out at its leading property, The Oberoi's Mumbai. The fire is believed to have started in the morning and is in the process of coming under control. One has to await further news to access the damage. The Mumbai property contributes a lion's share to the company's sales and bottomline.
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