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N Delhi Lieutenant Governor Vinai Kumar Saxena has approved the exemption u/s 14, 15 and 16 of the Delhi Shops & Establishment Act, 1954 to 32 establishments to work on a 24x7x365 basis. Of these, seven approvals have been granted to establishments that had applied for exemption for
Foreign institutional investors (FIIs) have extended their selling trend for the past two months, marking a significant outflow. FIIs have offloaded stocks and assets worth more than Rs25,000 crores this month.
Yesterday we had mentioned that Nifty, Sensex may rally. On Wednesday, 2008 stocks advanced, 1640 declined and 151 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.22 indicating a positive closing of stocks in broader markets. We expect the market to rally a bit more though we believe it is still not out of the woods.