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Reports India

Indian stock market and companies daily report (September 04, 2014, Thursday)

September 4, 2014, Thursday, 04:35 GMT | 23:35 EST | 08:05 IST | 10:35 SGT
Contributed by Angel Broking

Indian markets expected to open on flat note tracking SGX Nifty and Asian markets.

U.S. stock-index futures extended gains as Russian President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko agreed on a cease-fire.

European stocks rose as Russia and Ukraine agreed on the steps needed for a truce, and a worse-than-forecast euro-zone purchasing managers' index stoked speculation that the area's central bank will increase stimulus.

Back home, Indian market ended on a positive note as news emerged that Russia and Ukraine are discussing on permanent ceasefire agreement.

Markets Today

The trend deciding level for the day is 27,144 / 8,1 16 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,221 - 27,303 / 8,140 - 8,166 levels. However, if NIFTY trades below 27,144 / 8,116 levels for the first half-an-hour of trade then it may correct 27,063 - 26,985 / 8,091 - 8,067 levels.

Maruti eyes top slot in mid-sized sedan segment with Ciaz

Maruti Suzuki India is aiming for the top slot in mid-sized sedan segment with it's upcoming model Ciaz. The company is preparing to aggressively tap customers who are looking to upgrade, with the Ciaz, on which it has invested '620 crore on development. Ciaz' main competitors will be Honda City, priced between '7.19 lakh and '11.05 lakh, and Hyundai Verna tagged between '7.39 lakh and '11.72 lakh (ex showroom Delhi). The Ciaz will be launched in the Indian market in the first week of October although Maruti has opened bookings for it from today with an advanced payment of '21,000 across its 1,370 outlets. Ciaz woud be developed on a completely new platform and will be available in petrol and diesel fuel options powered by 1.4 litre and 1.3 litre engines respectively. The company claims that Ciaz diesel deivers fuel efficiency of 26.21 kmpl while petrol delivers a mileage of 20.73 kmpl.

Economic and Political News

- Australia to sign civil nuclear deal to sell uranium to India

- Coal shortage at power stations worsens

- Services PMI at 3-month low as new orders wane

Corporate News

- ONGC Videsh signs agreement with Argentinian energy firm

- Suven Life secures product patents from South Korea, China and Canada

- Nippon to raise stake in Reliance Life post FDI hike