Friday, 24 January 2014

INDIAN COMMODITY MARKET OUTLOOK- 25 JANUARY 2014




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INDIAN EQUITY BENCHMARK break a four-day winning streak with rate sensitive leading the decline after comments from Reserve Bank of India Governor Raghuram Rajan that inflation is a destructive disease which is forcing the central bank to keep interest rates high.
Further, Bajaj Finance is targeting to raise Rs25bn through a fixed deposit scheme in the next three years to strengthen its nascent wealth management business.
Canara bank slipped as the bank stock turned ex-dividend, for the interim dividend of Rs 6.50 per share for the year ending 31 March 2014.

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