On January 17, when the government decided to allow state-owned oil companies to sell diesel at market price to bulk consumers, companies in the alternative energy space saw the opening of an opportunity.
India, the world's biggest milk producer, hopes to seize on a New Zealand dairy product contamination scare to increase its exports and add market share in China and other emerging Asian countries.
The agreement provides for the bank to extend over Rs 58 crore (Rs 580 million) in loans, initially, to dairy farmers identified by Hatsun Agro.
By official estimates, the country has a surplus of 300,000 tonnes of milk powder, which has led to dairies and other bulk buyers cutting liquid milk purchase thus affecting its price.
Side indices raced ahead with BSE Midcap and BSE Smallcap advancing 0.4% and 0.3% up, respectively.
Institutional investors led by foreign portfolio investors have bought these shares.
Amul, Gowardhan raise prices by Rs 2 a litre; others might wait for some time.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Markets end higher ahead of Fed outcome, China stimulus
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