BSE Sensex rise 50 points on hopes of better IIP data
positive.
FACTORS TO WATCH
December industrial output (around 0530 GMT)
January consumer price inflation (around 0530 GMT)
Earnings: Steel Authority of India Ltd, Oil India Ltd, Hindustan Petroleum Corp Ltd, Jindal Steel and Power Ltd.
INDIAN STOCKS TO WATCH
FINANCIAL/REGULATORY
Yusuffali MA, who heads the $5.5-billion LuLu group that owns the eponymous hypermarket chain in the Middle-East, would be interested in buying a minority stake in Catholic Syrian Bank Ltd, should he be allowed to by Reserve Bank of India.
ENERGY/COMMODITIES
Oil and Natural Gas Corp Ltd posted net profit of 55.63 billion rupees ($1.04 billion) for its fiscal third quarter ended December, beating expectations for a 53.7 billion rupees net profit.
Coal India Ltd, Indian Oil Corp Ltd and NHPC Ltd are likely to be the main candidates for disinvestment next fiscal year, government officials said on condition of anonymity as they are not authorised to talk to the media.
Tata Power Co Ltd is in early-stage talks with Green Infra Ltd to merge the renewable energy assets of both companies, a person with direct knowledge of the development said.
Jaiprakash Associates reported October-December net profit fell 64.2 percent to 1.11 billion rupees from a year ago.
India's sugar production for the 2013/14 season is set to fall below consumption for the first time in four years as a water shortage trims acreage in three key states.
INDUSTRIAL
Voltas Ltd reported October-December swung to a net profit of 768.1 million from a net loss of
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