US Markets ended flat while Asian markets had a minor but steadily positive opening session thursday morning.
Among the global economic news China's crude steel production has begun a rebound after a three-month decline. This is positive for global steel makers too as china consumption too is increasing.
Blackstone group has agreed to invest $300 million, or RS13.50 billion, in unlisted energy firm Moser Baer Projects Pvt Ltd, the two companies said on Wednesday. The group will pick up a "significant minority stake" in Moser Baer Projects, Blackstone India chief Akhil Gupta told a news conference.
Blackstone started betting big on power sector. Last month the fund picked up 12.5 pct state in Monnet Ispat.
DStreet's market analyst Sridhar Iyer says "We are bullish on the power sector from a 1-2 year perspective. Alternative space looks attractive
while implementation concerns remain. Investors with a longer term horizon can invest in this space."
Large cap stocks will be the cynosure of all eyes as they have to play the pivotal role for markets to crack the much talked trading bands. Though it is extremely tough to clock new highs, the market looks excited.
Few sectors that have not participated in the current rallies include Power, Hotels, Paper etc. Keep an on these stocks