A look into the challenges of selling loss-making public units.
Yes Bank was the biggest gainer in the Sensex pack, climbing 4.08 per cent, followed by Tata Motors, ICICI Bank, Bajaj Auto, Coal India, Hero MotoCorp, HCL Tech, Vedanta, Sun Pharma, Axis Bank, Maruti, ITC, IndusInd Bank, TCS, HUL and SBI, rising up to 2.67 per cent.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
SBI rose 2.43 per cent, Maruti gained 2.38 per cent, Sun Pharma 1.87 per cent and HUL was up by 1.78 per cent.
Australian Open organisers increased prize money for the early losers at the opening Grand Slam of the season to record levels on Thursday, a move which is likely to quell player unrest and end talk of a strike.
In business too, losing finalists really get nowhere, get nothing. It is purely 'winner takes all', observes Sandeep Goyal, managing director, Rediffusion.
Sensex remained volatile through the day.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
The net worth of India's richest man, Mukesh Ambani, dropped 28 per cent, or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion (app Rs 144,400 crores) in the February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
BSNL, MTNL launch free night calling to win back consumers lost to mobile boom
Analysts suggest making separate firms of tobacco, hotels and FMCG divisions
Prime Minister Narendra Modi on Saturday said that vague laws that lend themselves to different interpretations are the foremost reason for pendency of cases in courts.
The laggards include FMCG (16 per cent), Energy (37 per cent) and Media (34 per cent).
The broader NSE Nifty too ended 98.30 points, or 0.89 per cent, down at 10,918.70.
'Kejriwal has shown that not only can Modi-Shah be stopped, they can in fact be routed... Today, as the Delhi votes are counted, it shows not only the AAP's victory or BJP's defeat. But also the Congress's final irrelevance.'
Tech Mahindra was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T, Tata Steel and Infosys. NSE Nifty surged 191.95 points to 15,824.05.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Sonego's first top-10 victory capped a dream week for the 25-year-old, who lost the final qualifier but entered the main draw as a lucky loser.
Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
Bajaj Finance was the biggest gainer in the Sensex pack, spurting 3.64 per cent. Tata Motors, Infosys, Vedanta, ONGC, PowerGrid, NPTC, Axis Bank, ICICI Bank, Kotak Bank, SBI, HDFC Bank, Tata Steel, TCS and RIL too rose up to 3.48 per cent.
In the last two months, these stocks have lost nearly a quarter of their market cap.
In the last two months, these stocks have lost nearly a quarter of their market cap.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
The CSI300 of the leading Shanghai and Shenzhen A-share listings has lost almost 11 per cent this week.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Yes Bank was the biggest gainer, rising 3.40 per cent, after ace investor Rakesh Jhunjhunwala bought approximately 1.3 crore shares of the company for around Rs 87 crore through open market transactions.
The thumping victory for the Congress in the by-elections in Karnataka has renewed their hope of winning 25 seats in the forthcoming parliamentary elections.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
Any shortlist of contenders for the greatest of all-time events must include the first fight between Muhammad Ali and Joe Frazier.
There is more to Arshad Warsi than meets the eye. Much more.
Revenues of Airtel and Idea have been hit by falling realisation and analysts said margins would be affected by higher costs.
Vedanta was the biggest gainer in the Sensex pack, rising 4.40 per cent. PowerGrid, Sun Pharma, Yes Bank, Tata Steel, HDFC Bank, Bajaj Finance, ICICI Bank and Bajaj Auto too ended up to 4.12 per cent higher.
RIL became the first Indian company to hit the Rs 9.5 lakh-crore market capitalisation level. Shares of Bharti Airtel soared 7.36 per cent and Vodafone Idea rallied 34.68 per cent after both the companies announced a hike in mobile phone call and data charges from December.
Yes Bank was the biggest gainer in the Sensex pack, rallying 10.94 per cent. Other gainers included Sun Pharma, IndusInd Bank, L&T, ICICI Bank, Maruti, Bajaj Auto, Tata Motors and ONGC, rallying up to 4.01 per cent.
ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by SBI, Axis Bank, ICICI Bank, Bajaj Auto and Maruti. On the other hand, IndusInd Bank, HUL, Dr Reddy's, NTPC and Reliance Industries were among the gainers.
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
Population is a touchy issue in India. Anybody will notice the crowded rat race we live in, notes Shyam G Menon.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
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