Business

According to analysts, besides stock-specific action, trend in global markets and foreign fund movement would also dictate sentiments.

After significantly reducing the exposure in March to $156.5 billion, Indian marginally hiked the holding by $0.9 billion to $157.4 billion the next month, the data from the US Treasury Department showed.

While about 9 per cent of the company's natural gas output was impacted by inability of customers to take supplies due to the coronavirus lockdown, lower oil and gas prices had impacted its revenues, the company said.

The London-based company said Monday it was taking the steps because demand for energy is likely to remain weaker for 'a sustained period' as countries respond to the shock of the pandemic by accelerating efforts to reduce carbon emissions.

Traders said, market participants are keenly awaiting Consumer Price Index and Index of Industrial Production data scheduled to be released later in the day for further cues.

Corporates can also simplify or reorganise complex group structures without the interference of minority shareholders through such moves, the agency noted.

As per the recruitment notice, the position is for a contract period of three years and the annual CTC (cost to company) and perks would be Rs 75 lakh to Rs 1 crore.

Some economists also expected price pressures for food to be moderate over the coming months based on expectations for the monsoon to be timely and normal.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The NSE Nifty 50 bluechip index rose 1.73% to 10,313 by 0346 GMT, while the S&P BSE Sensex was up 1.79% at 34,901.41. Both the indexes have gained over 11% in the past two weeks.

The reserves, which are counted as a key strength as the country faces the economic impact of the COVID-19 pandemic, had risen by $ 3 billion to an all-time high of $ 490.044 billion in the previous week.

Consumer confidence collapsed in May 2020, with the Current Situation Index touching historic low and the one year ahead Future Expectations Index also recording a sharp fall, entering the zone of pessimism, a survey said.

In a filing to the BSE, the company said the committee approved allotment of 4,000 non-convertible debentures having face value of Rs 10 lakh each on private placement basis to identified investors.

An Amazon spokeswoman said the company does "not offer comments on speculation of what we may or may not do in future."

The bulls maintained their grip on the market as stocks surged led by massive foreign fund inflows and positive global cues, analysts said.

The share sale, executed through open market trades, will help Kotak comply with the RBI's stake reduction mandate as the promoter group stake will go down to 26.10 per cent, according to an exchange filing.