Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
The broader markets are, however, outperforming the larger peer.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Markets end in red; bluechips struggle to keep pace.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
The government has managed Rs 21,000 crore through stake sales and buybacks in the first six months, the highest-ever first half divestment revenue for any year by a good margin, raising expectations for the rest of FY17.
Expects to raise Rs 9,300 crore from Indian Oil share sale on Monday
Rahul Gandhi also attacks Modi and RSS in Bastar.
Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
Metals bucked the trend and shone across the board.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
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Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Karnataka proposes to auction 15 of its Category-C mines to end-users.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
There are 30 listed PSUs in which the public holding is less than 25%.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Mukesh Ambani-led RIL, which had a cash chest and marketable securities worth over Rs 90,000 crore (Rs 900 billion) at the end of the last fiscal, is known for very effectively managing its financial resources by placing them in liquid instruments and highly rated securities.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Higher import duties on steel improve the bottom lines of steel-makers, but depress those of downstream users of steel.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Bank shares were the top losers after sharp gains last week.
Asian shares ended higher after a string of positive US economic data.
Banks stocks continued to trade weak along with FMCG major ITC.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Only six sectors are likely to report good set of numbers in Q4 FY15.
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