Nifty crosses 6100-level after 2 years, Sensex hits 2-yr high
of gold trading companies such as Titan Industries, P C Jewellers, Rajesh Exports and Gitanjali Gems were under pressure and lost up to two per cent, after the government hiked the import duty on gold and platinum to six per cent from 4 per cent yesterday.
In the Asian region, Hong Kong's Hang Seng index and Japan's Nikkei were marginally up in the morning trade today.
Stocks to watch-Jan 22
(Reuters): GLOBAL MARKETS ROUND UP
Nifty futures on the Singapore Exchange rose 0.07 percent. The MSCI-Asia Pacific index, excluding Japan was flat.
The yen and Asian shares marked time as investors awaited the outcome of the Bank of Japan's policy meeting, with expectations running high for bold monetary easing measures aimed at reflating the world's third-largest economy.
U.S. stock markets were closed for a public holiday on Monday.
FACTORS TO WATCH
Hindustan Unilever Ltd earnings
India's Finance Minister to meet foreign investors in Hong Kong
ENERGY/COMMODITIES
India has raised the import tax on gold by 2 percentage points to 6 percent to curb purchases and rein in a ballooning fiscal deficit but industry officials expect only a moderate drop in demand.
The government wants to junk arbitration proceedings and favours direct negotiations with Reliance Industries in its dispute over the cost of developing the controversial KG-D6 block, Oil Minister Veerappa Moily said.
In 24 months, diesel for retail consumers will be sold at market prices, with fuel subsidies
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