Left planned nationwide protests over UPA government's economic policies.
Their top three holdings include Infosys, BHEL and ACC. \n
The Left has warned the government to scrap its plans to offload BHEL shares in the market.
The NSE Nifty ends at 4,619, up 53 points.
The Sensex opened 52 points lower at 16,687, and soon slipped to a low of 16,598. The Sensex finally ended with a gain of 45 points at 16,784. The NSE Nifty moved up 12 points to close at 5,049. BHEL and Jaiprakash Associates soared 5.5% each to Rs 1,872 and Rs 246, respectively. ACC, ONGC and Cipla gained 2.3% each at Rs 819, Rs 1,054 and Rs 231, respectively. HDFC, ICICI Bank, ITC, DLF, L&T, Tata Motors and Ambuja Cements were other gainers. TCS slumped 10.6% to Rs 887.
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Officers of Central Public Sector Units will go an indefinite nationwide strike from December 22, demanding higher salaries and autonomy for the public sector.
The Sensex opened with a positive gap of 32 points at 12,917
Broking firm First Global expects the lethal mix of inflation and interest rates to temper growth.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
The Left leaders are unhappy over the manner in which the UPA government is going ahead with disinvestment of profit\nmaking public sector companies or inviting foreign direct investment.
In view of cost, these vehicles will justify deployment only as public buses, taxis, three-wheelers
The NSE index, Nifty, on Thursday surged over the 5,000-points mark in early trade, on aggressive buying by foreign and domestic funds. It gained 75.05 points at 5015.55 in the first five minutes of trade and hovered around the 5000 mark.
The Sensex opened a tad higher at 5,182 - up 2 points. However, weak global markets pushed the index into negative zone to a low of 5,163.
Of these, three stocks belong to the automobile pack and two are from the pharma.
A day after the Centre formally called off strategic sale of stakes in 13 profit-making PSUs, Finance Minister P Chidambaram on Wednesday
The Sensex opened marginally higher at 14,415
The first ever air-conditioned suburban local for Mumbai, which was flagged off from Integral Coach Factory in Chennai on March 31, has finally arrived in the metropolis, and its trial run would take place within a week, said a senior Central Railway official on Tuesday.
The government is expecting to raise up to Rs 10,000 crore (Rs 100 billion) from the special dividend it has asked 16 public sector companies
Four left parties on Wednesday asked the government to stop divestment of 35 public sector undertakings including BHEL, PowerGrid Corporation and Power Finance Corporation saying the move would adversely affect the development of PSUs and would also
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Virtually conceding the demands of the Left, the government has ordered a CBI probe into the privatisation of two Centaur Hotels in Mumbai in view of the anomalies pointed out by the Comptroller and Auditor General of India in the process.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
The markets opened smart but gave up some gains immediately witnessing volatility
The Bombay Stock Exchange 30-share index resumed better at 21,278.08
India Inc gets about Rs 67,000 crore worth of fresh orders in the Sept quarter, a rise of 45% sequentially.
"It has been decided to sell 8 per cent equity in Maruti," Heavy Industries and Public Enterprises Minister Santosh Mohan Deb told reporters after the meeting of Cabinet Committee on Economic Affairs on Friday.
Positive cues from the global market front aided the rally.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
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