Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...
1. Indian Government keen to resolve pending issues with Neighbouring Countries In its efforts to improve strategic relations with neighbouring countries on east India has reached out to Myanmar to discuss the possibility of building a petroleum refinery in the Thanlyin region. The project has an estimated investment cost of $6 billion. Myanmar has a booming energy industry and China...