Markets

BSE closes points 126.89 up on Jan 12

New Delhi, Jan 12 (ANI): Trading at the Bombay Stock Exchange today closed 126.89 points up to stand at 27,585.27. At the National Stock Exchange the Nifty closed 38.50 points up to stand at 8,323.00. ALOK INDUSTRIES LTD and BEML LTD were among the top gainers of Group A with an increase of 12.94% and 9.27% along with TATA ELXSI LTD and BHARAT FORG with an increase of 8.77% and 7.87% respectively, while the top losers of Group VIDEOCON INDUSTRIES LTD and BERGE PAINT with a decrease of 6.07% and 5.38% along with PMCFIN and RASOYPR with a decrease of 4.98% and 4.67% at the close of the markets. The Auto sector is up 11.63 points at 18,846.90 while the banking sector is up 192.53 points at 21,538.77 and the reality sector is down 0.45 points at 1,531.50. The Indian currency is up 0.16% at Rs 62.23 per dollar.

Jan 12, 2015

Coal India Shares Fall 4% on Reports of 10% Stake Sale by Government

The Center is likely to offload 10% of its 89.65% stake in the coal major, in a bid to reach the disinvestment target and to help limit the fiscal deficit to 4.1%

Jan 12, 2015

Box Going Public; Aims to Raise $187 Million in IPO

Box, the popular cloud storage startup, is all set to go public as it just kicked off its Initial Public Offering (IPO) road show announcing the price of its shares and making some amendments to its documents on Friday.

Jan 10, 2015

SC Allows Sahara Group to Raise $1.05 Billion Loan to Secure Bail for Subrata Roy

The apex court allowed the scam-tainted Sahara Group raise $1.05bn in its bid to raise 10,000 crore bail amount, if the central bank approves the move.

Jan 9, 2015

BSE closes points 183.67 up on Jan 9

New Delhi, Jan 9 (ANI): Trading at the Bombay Stock Exchange today closed 183.67 points up to stand at 27,458.38. At the National Stock Exchange the Nifty closed 49.90 points up to stand at 8,284.50. VIDEOCON INDUSTRIES LTD and PIPAVAVDOC were among the top gainers of Group A with an increase of 19.99% and 7.69% along with Edelweiss Financial Services Ltd. and HINDUSTAN UNILEVER LTD with an increase of 5.96% and 5.94% respectively, while the top losers of Group A include PMCFIN and ASHOK LEYLAND LTD with a decrease of 4.98% and 3.85% along with NTPC and DLF with a decrease of 3.31% and 3.26% at the close of the markets. The Auto sector is down 6.34 points at 18,835.27 while the banking sector is down 67.25 points at 21,346.24 and the reality sector is down 21.55 points at 1,531.95. The Indian currency is down 0.40% at Rs 62.42 per dollar.

Jan 9, 2015

After ONGC, Govt to Sell Stakes in GAIL and Oil India Ltd?

The subsidy sharing formula is being reworked to help limit the subsidy burden of the upstream companies.

Jan 9, 2015

Gold Imports Fall to 39 Tonnes in Dec; Exporters Seek Duty Drawbacks in Budget 2015

Post scrapping the 80:20 gold import/export scheme, gold import for December 2014 sharply to 39 tonnes.

Jan 8, 2015

BSE closes points 365.89 up on Jan 8

New Delhi, Jan 8 (ANI): Trading at the Bombay Stock Exchange today closed 365.89 points up to stand at 27,274.71. At the National Stock Exchange the Nifty closed 132.50 points up to stand at 8,234.60. PIPAVAVDOC and BERGE PAINT were among the top gainers of Group A with an increase of 18.07% and 10.90% along with DELTA CORP LTD. and VOLTAS with an increase of 6.87% and 6.54% respectively, while the top losers of Group A include PMCFIN and HATHWAY with a decrease of 4.97% and 2.62% along with RELIGARE and FINOLEX INDUSTRIES LTD with a decrease of 2.56% and 2.15% at the close of the markets. The Auto sector is up 290.48 points at 18,825.01 while the banking sector is up 434.63 points at 21,413.49 and the reality sector is up 40.01 points at 1,553.73. The Indian currency is up 0.89% at Rs 62.61 per dollar.

Jan 8, 2015

Sacked Employees to File Lawsuit against TCS

Sacked employees of TCS, backed by the Forum for IT Employees are contemplating legal recourse in a local court of law.

Jan 8, 2015

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month.

Jan 8, 2015

BSE closes points 78.64 down on Jan 7

New Delhi, Jan 7 (ANI): Trading at the Bombay Stock Exchange today closed 78.64 points down to stand at 26,908.82. At the National Stock Exchange the Nifty closed 25.25 points down to stand at 8,102.10. BEL and JUBILANT LIFE SCIENCES LIMITED were among the top gainers of Group A with an increase of 12.38% and 11.11% along with SUZLON and UBL with an increase of 9.20% and 8.35% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.95% and 4.67% along with IRB and GREAT EASTERN SHIPPING CO.LTD. with a decrease of 4.39% and 4.11% at the close of the markets. The Auto sector is up 0.86 points at 18,546.79 while the banking sector is down 84.32 points at 21,031.53 and the reality sector is down 4.09 points at 1,513.72. The Indian currency is down 0.37% at Rs 63.33 per dollar.

Jan 7, 2015

After huge fall yesterday, stability returning back in stock market: Market Expert

Mumbai, Jan 07 (ANI): Market Expert Sunil Shah on Wednesday said that after a huge fall in the stock market yesterday, it seems like stability is returning back to the global capital markets. Shah also said that the European market opening later in the day will also have a bearing on India's markets. The Bombay Stock Exchange (BSE) Sensex on Tuesday fell 854 points as a tumble in oil prices roiled global markets. The National Stock Exchange (NSE) Nifty also dropped points, opening at below the 8,300 mark. However, Shah said that Indian markets will recover more rapidly than others at the time.

Jan 7, 2015

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply.

Jan 5, 2015

BSE closes points 45.58 down on Jan 5

New Delhi, Jan 5 (ANI): Trading at the Bombay Stock Exchange today closed 45.58 points down to stand at 27,842.32. At the National Stock Exchange the Nifty closed 17.05 points down to stand at 8,378.40. ASHOK LEYLAND LTD. and GSPL were among the top gainers of Group A with an increase of 7.96% and 7.75% along with VA TECH WABAG LTD. and UNITECH with an increase of 5.67% and 4.60% respectively, while the top losers of Group A include IRB and PERSISTENT SYSTEMS LTD. with a decrease of 6.96% and 6.52% along with RattanIndia Power Limited and PMCFIN with a decrease of 4.97% and 4.95% at the close of the markets. The Auto sector is up 213.82 points at 19,050.97 while the banking sector is down 54.98 points at 21,775.12 and the reality sector is up 3.51 points at 1,575.41. The Indian currency is up 0.05% at Rs 63.31 per dollar.

Jan 5, 2015

China Ends Rare Earth and Metals Export Quota

The Chinese government abolished export quota on rare earth and other metals used in high-end electronic devices like smartphones on December 31, 2014.

Jan 5, 2015