On the macroeconomic front, cccording to Krishna Kumar Karwa, Managing Director of Emkay Global Financial Services Ltd, long term investment inflow into India would be robust in the backdrop of overwhelming response from prospective investors. Although he ruled out any large short term investment inflow. In a two-day CONFLUENCE, an investor meet organized in UK, representatives of 15 Indian Corporate houses spent two days holding 180 meetings to show-case the potential of investing in India.
They further divulged the growth prospects of India and benefits of investing in such a surging economy. This meet was attended by a large number of investment bankers and corporate heads. "We are inherently optimists and from investors point of view, this is the right time to invest in India. If you are not investing in equities, I think you will miss big time opportunities in a growing economy like India," Karwa told the investors.
In an attempt to push the reforms agenda in higher education, a human resource development ministry-appointed committee has proposed for decreasing extensive control from outside to guarantee autonomy for central education institutions.
Further, the committee under the leadership of NR Madhav Menon was established last year to draft a policy for autonomy of central educational institutions. This committee has tried to facilitate solution to the problems of obstacles to access and autonomy by recommending that established colleges with good track record be upgraded to universities.
The key equity averages are likely to open positive as Asian stocks are trading higher after a positive finish in the Wall Street and concern over the nuclear meltdown in Japan eased. The MSCI Asia Pacific Index surged 1.6% to 132.20 with four stocks advancing for each that declined. Further, Japan’s Nikkei 225 Stock Average is trading higher by 2.94% to 9,477.49 as Japan made significant progress in stabilizing reactors at a crippled nuclear plant north of Tokyo.
Shanghai Composite is down by 0.6% to 2,891.58 while Hang Seng Index inclined by 0.08% to 22,702.84. Separately, Seoul Composite and Taiwan Weighted are trading up by 0.44% and 0.68% respectively. In the domestic arena, the markets are likely to follow the rout of global counter part and trade range-bound with upside movement. Oil&Gas, IT and Auto pivotals will be in focus today.
On Monday, the domestic bourses see-sawed across the unchanged zone as the Libyan tensions escalated raising concerns over further hike in crude oil prices. During the morning trade, the Asian bourses surged significantly after Japanese officials announced that conditions at the Fukushima Daiichi nuclear power plant have continued to improve over the weekend.
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