Indian Stock Market Trading News

14 May 1Indian markets are going to trade in range as Asian markets are trading flat. American markets closed at lower levels as the Federal Reserve will release its last meeting notes today. US is also trading slow because of earnings season. However, some scrips are going to see extreme volatility today over the news. JSW Steel is in talks to buy London Mining, an African company. Shipping Corporation of India and GAIL are expected to work together and invest $3 Billion to transport LNG (Liquid Natural Gas) from overseas countries. BHEL is not getting proper order as compared to its competitors (Negative). ONGC is expected to sell 10% of its stake to some Chinese company and will bring in capital to expand its business (Positive). Ballarpur Inds (Positive) as IFC will give $100 Million to one of its subsidiary companies. Cipla has planned to invest 225 Cr in order to set up a plant in JV (Joint Venture) in Iran with some Iranian Company.

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