October 22, 2014 10:09 (IST)
Among the Nifty companies Dr Reddy's Lab was the top gainer with 2.4 per cent gains and Hero MotoCorp was up 1.96 per cent on upbeat festive sales.
October 22, 2014 10:05 (IST)
The Nifty opened higher on Wednesday tracking the gains in global market. Both foreign and domestic investors turned net buyers of Indian equities on Tuesday but with a reduced momentum. Foreign investors were net buyers to the tune of Rs 32 crore while domestic investors bought cash shares to the tune of Rs 69 crore on Tuesday.
October 22, 2014 09:47 (IST)
Financial Technologies owned 99.9 per cent in commodities exchange NSEL, which shut down last year after defaulting on obligations to counter-parties amounting to around Rs 5,500 crore. NSEL has since faced legal cases from traders in the exchange after failing to settle outstanding contracts.
October 22, 2014 09:39 (IST)
Asian sentiment also got a lift from the European Central Bank's plan to buy corporate bonds, a step that would help banks free up more of their balance sheets for lending. The ECB might decide on the matter as soon as December with a view to begin purchases early next year, several sources familiar with the situation told Reuters.
October 22, 2014 08:33 (IST)
Reform announcements in the power, coal and energy sectors should see fresh buying in these sectors and foreign flows are likely to turn positive again.
October 22, 2014 07:32 (IST)
The bullish tone was helped by a Reuters story that said the European Central Bank is considering buying corporate bonds. It led to active futures trading before the opening bell and helped lift European stocks from last week's 13-month low.
October 21, 2014 19:51 (IST)
US stocks rose on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments rallied after their results.
October 21, 2014 19:37 (IST)
Reliance Industries will get 33 per cent higher gas price of $5.61 per mmBtu for output from MA field in the KG-D6 block, but its main D1&D3 fields will continue to get old rate of $4.2.
October 21, 2014 18:19 (IST)
US stocks rose at the open on Tuesday, with the S&P 500 on track for a fourth straight session of gains, as Apple and Texas Instruments rallied after their results.
October 21, 2014 18:00 (IST)
To help it refund money to those duped by fraudsters, the Securities and Exchange Board of India (Sebi) has decided to appoint administrators to supervise the entire refund-payment process including identification of eligible investors and payment of their dues.
October 21, 2014 17:49 (IST)
The rupee rose for a third consecutive session on Tuesday as expectations for more reforms continued after the government announced it would auction coal blocks, but broader gains were capped by a rising dollar globally.
October 21, 2014 17:24 (IST)
European stocks were higher and Asian markets meandered Tuesday after China's third quarter growth report pointed to a gradual rather than sharp economic slowdown.
October 21, 2014 16:54 (IST)
The BSE Sensex and Nifty rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as coal-related stocks such as Jindal Steel and Power surged on the government's plans to auction coal blocks the top court cancelled in August.
October 21, 2014 16:00 (IST)
BSE Sensex ended 145 higher at 26,575, marking its third gains in a row. Nifty settled above 7,900, rising nearly 48 points to close at 7,927. P
October 21, 2014 14:59 (IST)
BSE Sensex turned flat in afternoon trade on profit-taking in oil & gas stocks after their strong gains in previous session.
October 21, 2014 14:42 (IST)
Natco Pharma on Tuesday said its marketing partner in the US, Breckenridge Pharmaceutical Inc, has received a tentative approval from the United States Food and Drug Administration (FDA) for a generic tablet used for improving wakefulness in adults. Shares rose as much as 6.6 per cent during the day.
Written By: Varun Sinha | October 21, 2014 13:09 (IST)
Metal stocks and state-run utilities gained on Tuesday, while Coal India was the top loser on the 50-share Nifty index. Shares in metals and mining space and in the power sector moved sharply after the government on Monday said it will e-auction coal blocks cancelled by the Supreme Court in September.
October 21, 2014 12:08 (IST)
European shares might fare better at the open, with financial spreadbetters predicting Britain's FTSE 100 would open up 0.1 per cent, while Germany's DAX and France's CAC 40 were each seen up 0.2 per cent.
October 21, 2014 11:55 (IST)
As part of the measures on coal allocations, the government allowed state-run companies to retain captive coal mines.
October 21, 2014 11:17 (IST)
China's gross national product expanded 7.3 per cent between July and September from a year earlier, slightly above expectations but slower than the 7.5 per cent clocked in the second quarter.