March 12, 2014 10:39 (IST)
Shares of L&T Finance Holdings and Just Dial rallied after the National Stock Exchange said it would include both companies in its futures and options trading segment from Thursday.
March 12, 2014 10:31 (IST)
The rupee was at 61.12/13 versus its last close of 60.94/95, tracking early losses in domestic equity markets amid worries about China's economic health and following a late fall on Wall Street. At its day's low, the rupee hit 61.15.
Written By: Varun Sinha | March 12, 2014 10:14 (IST)
Maruti shares have hugely underperformed the broader markets since the automaker announced its Gujarat plan on January 28. That day the stock fell 8.12 per cent. Between January 27 and now, Maruti shares have given zero return as they have stayed around the Rs 1,700 mark. During the same period, the BSE Sensex has moved from 20,707 on January 27 to 21,768 (day low as of 09.40 a.m.), a return of over 5 per cent.
Singapore | March 12, 2014 09:44 (IST)
Gold climbed for a second session on Wednesday to its highest in 4-1/2 months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal.
March 12, 2014 08:36 (IST)
Indian share markets are likely to fall in early trade tracking weak global cues and on profit taking after a spectacular five-day rally that sent the BSE Sensex higher by 1,000 points.
March 12, 2014 08:20 (IST)
Buy the dips should clearly be the strategy going forward as Indian stocks and rupee have outperformed the emerging market basket.
New York | March 12, 2014 08:13 (IST)
The Dow Jones industrial average fell 67.43 points or 0.41 per cent, to 16,351.25, the S&P 500 lost 9.54 points or 0.51 per cent, to 1,867.63 and the Nasdaq Composite dropped 27.26 points or 0.63 per cent, to 4,307.188.
Sydney | March 12, 2014 07:40 (IST)
Japan's Nikkei retreated 2 per cent, continuing the see-saw pattern of the last couple of months, while Australian stocks shed 1 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 per cent.
March 11, 2014 18:30 (IST)
US stocks opened with slight gains on Tuesday as investors continued to be cautious amid persisting tensions in Ukraine, while the S&P 500 was within striking distance of its recent record high.
March 11, 2014 17:41 (IST)
The rupee posted its first fall against the dollar in six sessions on Tuesday, retreating from a seven-month high hit early in the session, after Reuters reported the government has put on hold plans to list domestic debt on global bond indexes.
March 11, 2014 17:06 (IST)
India's record-setting rally, with the Nifty hitting its third all-time high in as many sessions, faces a key test on Wednesday when India is due to release consumer inflation and industrial output data, the last set of reports before the Reserve Bank of India's policy review on April 1.
March 11, 2014 15:33 (IST)
Stocks, the euro, oil and gold all steadied on Tuesday as traders kept a wary eye on Ukraine and Russia and on the pace of growth in China.
March 11, 2014 15:23 (IST)
Shares in Reliance Infrastructure Ltd gained 5 per cent, while Tata Power surged 4.1 per cent, after the Delhi Electricity Regulatory Commission laid out a plan to pay the utilities for some of the money owed to them by consumers in the Indian capital.
March 11, 2014 15:09 (IST)
Tata Steel, the biggest loser on the Nifty, traded around 6 per cent lower at Rs 343, while Hindalco shares were down 4 per cent at Rs 117 as of 3.10 p.m. Sesa Sterlite shares traded down 3.7 per cent at Rs 177.
March 11, 2014 14:57 (IST)
Realty major Unitech has sold almost 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore as part of its strategy to repay debt, according to sources.
March 11, 2014 14:34 (IST)
Talks with Euroclear got a boost after the International Finance Corporation, the World Bank's private-sector arm, issued the first tranche of a $1 billion global offering of rupee-linked bonds last year that would be accessible via Euroclear.
March 11, 2014 13:39 (IST)
Most analysts are of the view that the current rally is a pre-election rally. According to most opinion polls, business-friendly BJP is set to emerge as the biggest party post polls, a scenario market participants believe will be beneficial for the Indian economy currently growing at the slowest pace in a decade.
Written By: Varun Sinha | March 11, 2014 12:17 (IST)
The outperformance in banking stocks could provide fresh legs to the market rally because financial services have the biggest weightage (26 per cent) on the Nifty. In other words, the banking sector is the most influential sector on the Nifty and if it starts outperforming, the Nifty is bound to rise at a faster pace.
March 11, 2014 11:55 (IST)
Shares in Sesa Sterlite fell as much as 3.24 percent, adding to their 1.2 per cent fall in the previous session, as iron ore prices posted their biggest one-day drop in over four years on Monday.
Singapore | March 11, 2014 11:26 (IST)
Gold was steady near $1,340 an ounce on Tuesday as fears of an economic slowdown in China and Ukraine's geopolitical crisis keep investors seeking safe-haven bullion.