If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
The dollar was weak against major world currencies.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
Sensex has lost almost 1,500 points since December 31, 2014.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
UTILTAF is a 10-Yr close-ended tax-saving fund, with an initial 3-Yr lock-in period
Shoppers Stop returns to its core business after divestments. The retailer plans growth through web and private labels.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
The company has received a Civil Investigative Demand from the US Department of Justice, Ranbaxy Laboratories said in a filing to the BSE.
The BSE sensex now trades at a discount to S&P 500 and has corrected by 35 per cent from its peak of 20,873 points to close the quarter at 13,462 point in FY 08. The Sensex hovered around 13,349 on Tuesday. Over CY 04-07, the Indian markets delivered 40 per cent returns each year, the most consistent and superior retuns amongst all the global markets over this period.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
It is a diversified equity fund, which offers investors an opportunity for saving tax by providing Section 80C benefits.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
Sensex is trading firm; FMCG, real estate going strong.
Today's slide of 438.41 points in the BSE Sensex took the three-day losses close to 1,500 points, cumulatively eroding investors' wealth by over 100 billion dollars (Rs 4,06,000 crore).The selling pressure continued despite the arrest of outflow by Foreign Institutional Investors. FIIs turned net buyers on Thursday on the bourses with purchase of shares worth Rs 125 crore (Rs 1.25 billion), from being net seller of about Rs 1,800 crore (Rs 18 bilion) a day before.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
L&T -- which has two subsidiaries L&T Infotech and L&T Technology Services -- is keen to bring Mindtree under its fold to exponentially raise its client base and product offering.
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
Sensex, Nifty end lower on global concerns.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
Experts say the BSE Sensex could rise to around 32,000 in a year.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
The Anil Dhirubhai Ambani Group, which is raising Rs 11,700 crore through the public offer of Reliance Power, has seen a value erosion of Rs 48,000 crore in the last seven days.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
Reliance Infrastructure has gained nearly 2% at Rs 845. ACC, Larsen & Toubro and Mahindra & Mahindra are up around 1.5% each at Rs 602, Rs 2,539 and Rs 545, respectively.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
Riding on a strong stock market rally, Anil Ambani-led diversified business conglomerate Reliance Group has crossed Rs one lakh crore market valuation.
