December 19, 2014 17:33 (IST)
Investors remained encouraged after the cabinet approved a constitutional amendment bill on Wednesday to rationalise state and central indirect taxes into a harmonised goods and services tax (GST).
December 19, 2014 16:49 (IST)
Monte Carlo shares listed at Rs 584 on the exchanges on Friday, nearly 9.5 per cent lower from the issue price of Rs 645. The stock slumped to Rs 530 on the National Stock Exchange, down 18 per cent from the issue price, before making some recovery.
December 19, 2014 16:27 (IST)
World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year.
December 19, 2014 14:54 (IST)
Broader markets outperformed the benchmark indices, with stocks like SpiceJet and JK Tyre gaining sharply. SpiceJet was locked at upper circuit with 20 per cent gains on reports that the ailing carrier might soon get an investor.
December 19, 2014 14:51 (IST)
Shares in Reliance Industries gained 3.1 per cent on Friday. The stock was seen heading towards its biggest daily gain since July 22.
December 19, 2014 12:51 (IST)
UBS has upgraded Housing Development Finance Corp and Indiabulls Housing Finance .
December 19, 2014 12:34 (IST)
The listing is a decisive step and the logical progression of a company with deep expertise, Intellectual Property and a global customer base, the company said.
December 19, 2014 12:26 (IST)
IVRCL holds 75 per cent stake in the company while rest is with a technical partner from Spain.
December 19, 2014 11:56 (IST)
Asian shares enjoyed their best day in 15 months on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to withdraw stimulus from the US economy.
December 19, 2014 11:34 (IST)
Bharti Airtel fell 1.2 per cent on Friday while the Nifty gained 0.9 per cent.
December 19, 2014 11:08 (IST)
Sesa Sterlite gained 3.2 per cent on Friday, while Hindalco Industries surged 2.7 per cent and CESC 1 per cent.
December 19, 2014 10:49 (IST)
Indian stock markets extended gains after a strong start on Friday. The 30-share BSE Sensex jumped over 350 points to near the key 27,500 levels, while the Nifty advanced nearly 100 points to edge past the crucial 8,250 mark.
December 19, 2014 10:00 (IST)
SpiceJet shares jumped over 15 per cent on Friday on reports that the ailing carrier may get new investments soon. SpiceJet has a liability of Rs 2,000 crore and it had to ground its operations briefly on Wednesday after oil companies refused supplied pending the clearance of dues.
December 19, 2014 09:55 (IST)
Infosys gained 1.6 per cent, Tata Consultancy Services 0.4 per cent and Wipro 1.2 per cent.
December 19, 2014 09:43 (IST)
Crompton Greaves Ltd jumped 6.2 per cent and Tree House Education and Accessories gained 3.8 per cent on Friday.
December 19, 2014 09:34 (IST)
The BSE Sensex surged over 250 points on Friday as tailwinds from the US Federal Reserve's dovish stance on interest rates drove stocks for a second consecutive session. The 50-share Nifty marched towards the key 8,250 level, rising nearly 70 points. The rupee also rose to 63.05 per dollar per dollar.
December 19, 2014 08:18 (IST)
The Nifty is likely to face resistance around 8,230-8,250 and any cross over is likely to trigger massive short covering, which could aid a pull back to 8,400.
December 19, 2014 07:37 (IST)
Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.
December 19, 2014 07:17 (IST)
Shares in Samsung Electronics rose more than 4 per cent early on Friday after local media said the electronics giant had decided to increase dividend payouts to boost shareholder value.
December 18, 2014 20:30 (IST)
Sebi said Vinod Hingorani, non-executive chairman and a major shareholder of Kolar Biotech, was ordered to serve six months in prison for not paying Rs 1.6 crore in fines.