April 21, 2014 20:24 (IST)
The Rs 180-crore IPO received bids for 51,17,000 share against 1,23,25,000 shares on offer, data available on the NSE till 5 pm showed.
April 21, 2014 19:25 (IST)
The Reserve Bank has fixed the quantum of intervention through Market Stabilisation Scheme (MSS) at Rs 50,000 crore to manage liquidity.
April 21, 2014 19:23 (IST)
Tata Power had offered up to 33 crore equity shares at a price of Rs 60 per share for an amount aggregating to Rs 1,993.38 crore on a rights basis, which closed on April 15, to the existing shareholders.
April 21, 2014 18:26 (IST)
The government securities (G-Sec) closed mixed on alternate bouts of buying and selling while, the overnight call money rates ended higher due to good demand from banks.
April 21, 2014 17:50 (IST)
The partially convertible rupee closed at 60.59/60 per dollar after hitting 60.61, its lowest since March 24 and weaker than Thursday's close of 60.29/30. The unit fell 0.5 percent, its biggest single-day fall since March 20.
April 21, 2014 17:03 (IST)
Overseas investors, who have pumped in nearly $4.8 billion into Indian shares so far this year, were net buyers worth Rs 430 crore ($71.20 million) on Thursday, snapping three days of a selling streak totalling Rs 569 crore ($94.21 million), exchange and regulatory data showed.
Beijing | April 21, 2014 13:02 (IST)
The news unnerved investors further after a flurry of data last week gave more indications of a slowing economy, including in several key sectors such as real estate.
Tokyo | April 21, 2014 11:55 (IST)
MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 per cent. Japan's Nikkei stock average rose 0.3 percent on the back of a weaker yen.
April 21, 2014 10:46 (IST)
A rally in bonds after the RBI fully sold the Rs 20,000 crore worth of debt on offer on Thursday sparked the gains in banks, while hopes of sturdier earnings also helped.
April 21, 2014 09:59 (IST)
The decision could help pave the way for Natco to launch a generic version of Teva's Copaxone drug as soon as next month. Copaxone, used to treat multiple sclerosis, has accounted for about 20 per cent of Teva's sales and 50 per cent of its profits.
Tokyo | April 21, 2014 09:40 (IST)
Japanese shares climbed to a two-week high on Monday morning, led by gains in nonbank lenders on a media report the government is considering easing rules in the industry, though trading activity was thin due to the Easter.
April 21, 2014 09:30 (IST)
Analysts had expected the company to guide for at least 2-4 per cent growth in the June quarter. Macquarie said Q1 guidance is a sentiment dampener and further gains in the stock are capped. Credit Suisse also dubbed Wipro's Q1 guidance as disappointing.
April 21, 2014 08:14 (IST)
US stocks ended mostly with modest gains on Thursday.The Dow Jones industrial average slipped 16.31 points, or 0.10 per cent, to end at 16,408.54. The Standard & Poor's 500 Index rose 2.54 points, or 0.14 per cent, to finish at 1,864.85.
Tokyo | April 21, 2014 08:08 (IST)
Global markets have been buffeted in recent weeks by tensions in Ukraine, signs of slowing growth in China and uncertainty over when the US Federal Reserve would start to tighten interest rates.
April 21, 2014 08:01 (IST)
With 3 days to expiry, expect higher volatility. The roll overs are indicating that a "short squeeze" could be on the cards.
Mumbai | April 20, 2014 18:24 (IST)
Last Thursday, the 10-year government bond yield eased by over 10 basis points to 8.85 per cent. On the same day, the RBI conducted the largest-ever auction of bonds worth Rs 20,000 crore.
New Delhi | April 20, 2014 17:49 (IST)
Stock markets are closed on Thursday due to general elections in Mumbai. HDFC Bank, Cairn India, Maruti Suzuki India, ICICI Bank ACC, Ambuja Cements, and AXIS Bank are among the major companies that would announce financial results this week.
Mumbai | April 20, 2014 16:56 (IST)
While the market valuation of TCS, Reliance Industries, ITC, ONGC, State Bank of India, ICICI Bank and Wipro rose, that of Coal India, Infosys and HDFC Bank declined.
New Delhi | April 20, 2014 16:01 (IST)
Total investment by foreign institutional investors (FIIs) in equities since January 2014 has risen to about Rs 28,979 crore ($4.78 billion).
New Delhi | April 20, 2014 15:55 (IST)
However, industry experts believe that fund mobilization in mutual fund schemes is expected to grow in the coming months.