ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
Markets snapped two-day losing streak and ended flat with a positive bias on Tuesday as gains in auto shares helped offset losses in IT majors.
If the sum assured is less than 10 times premium, the proceeds will be taxed.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
Net profits may dip 4.9% y-o-y, but the silver lining is that performance may be better than the preceding quarter
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Infrastructure stocks are once again gaining traction.
Sensex,Nifty to remain under pressure through the week.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Mid- and small-cap companies seem to have done better than top-tier companies
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Markets ended at record closing highs for the second day in a row on institutional buying.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
The sugar industry clamouring for control and intervention should set the alarm bells ringing in the corridors of power.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
This analysis is based on the quarterly earnings for 724 companies.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
