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Friday, 1 May 2015

1 May 2015 Market Updates

On the global front the official purchasing managers Index(PMI) from china which measures the manufacturing growth show no improvement from the previous measures and still on the 50.1 as per the April market survey. 

The Lok sabha passes the Finance Bill of 2015 which was presented on Thursday and later it will pass by the Lok sabha as per the voice vote, this bill contains the Government Tax proposals for financial year of 2016. 

Grasim industries profit is expected to fall 12 percent year on year to Rs 112 crore, according to the market analyst. Ultratech the major contributor in the profit of Grasim industries. 

Oil marketing companies raise the price of petrol and diesel Rs 3.96 and 2.37 per litre respectively after the rate cut in the month of April.