Economists and stock market pundits in India's financial capital could hardly believe Saturday's election result, which seemed tailor-made for investors.
The company reported consolidated net profit at Rs 1,780 crore (Rs 17.8 billion) as against Rs 1,737 crore (Rs 17.37 billion) in previous quarter, a growth of 2.48 per cent (based on IFRS - International Financial Reporting Standards).
The Bombay Stock Exchange has called off its plan to acquire 26 per cent in the Ahmedabad-based National Multi Commodity Exchange. The deal was terminated just before the resignation of BSE Managing Director and CEO Rajnikant Patel.
Switzerland-based bank Credit Suisse said on Tuesday it expects the Bombay Stock Exchange's 30-stock barometer Sensex to touch the 22,000 mark in 12 months.
A problem in the software, which was unable to send trade confirmation to the members, compelled BSE to shut trading from 12 pm to 2.30 pm.
"Because of the technical problems being faced by trading members in trade confirmation, it has been decided to close the market at BSE from 12 noon to 1 pm on November 1, 2010," the BSE said.
Markets are neither bullish nor bearish. They always reflect some fundamental or technical reality.
TV Today stock rises 15.23% on sale buzz
The 50-share National Stock Exchange index Nifty rose 124.85 points to 4,523.75. It touched the day's high of 4,532.40 and a low of 4,405.95. Major gainers that supported the Sensex were Reliance Industries, Infosys Technologies, ICICI Bank, ITC Ltd and Maruti Suzuki. All the five carry nearly 34 per cent weight on the index.
Infosys announced its first quarterly results on Friday. Th software major's Q1 net stood at Rs 1,527 crore, up 17.28%.
A weak rupee and strong global markets make a case for investing in foreign funds, but themes have to be chosen carefully.
Rajnikan Patel, CEO and managing director of the exchange, tells Business Standard in an interview that BSE remains in talks with global exchanges to offload equity.
Pantaloon Retail India Ltd said on Monday it has signed a memorandum of understanding with Manipal Health Systems Pvt Ltd to form a joint venture healthcare company.
Indiabulls Properties, the real estate arm of Indiabulls Financial Services, is planning to file an appeal in the Supreme Court against the Bombay High Court order setting aside the sale of land owned by National Textile Corporation in Mumbai.
Tata Consultancy Services, a Tata group company, has announced a 300 per cent interim dividend, the first dividend announcement after its initial public offering, for the current fiscal.
Domestic 3rd quarter news weigh on sentiment. Analysts, however, saw some silver lining with European markets trading higher.
Index heavyweights were the top losers along with bank shares.
The company was sold in 100 days, but will Ramalinga Raju be brought to justice as quickly asks A K Bhattacharya.
BSE officials are busy meeting market participants, especially derivatives strategists, to pitch for a product they launched around two months ago - mid-month expiry contracts.
In a fresh move, Arun Bajoria entity Mega Resources Ltd has picked up additional 560,000 shares of Bombay Dyeing and Mfg Co Ltd taking Bajoria and associates holding to 4.9 per cent.
The Children's Investment Fund Management and its affiliates have emerged as the single-largest seller of Indian stocks among foreign institutional investors.
Dr Reddy's Laboratories Ltd on Friday said it has received tentative approval from US Food and Drug Administration for amlodipine besylate tablets.
HDFC Bank Chairman Jagdish Capoor has been appointed as the chairman of the Bombay Stock Exchange Ltd, which has recently turned into a corporate entity.
The Bombay Stock Exchange's benchmark 30-stocks index -- the Sensex -- tumbled by over 500 points on Friday on fears that the Reserve Bank of India will increase interest rates to curb surging inflation.
The BSE further said the majority of pending complaints, nearly 1,064, were against Vatsa Corporation as of June, 2012.
The companies are Harig Crankshafts, Prag Bosimi Synthetics, Rathi Ispat, Harvic Management Services India, Wisec Global, International Hometex, Advance Multitech, Konkan Tyres, Hinafil India, Virtualsoft Systems, Sri Jayalakshmi Spinning Mills, Sriven Multi Tech, Padmanabh Alloys & Polymers, Nuway Organic Naturals India, IFSL Ltd, Triumph International Finance India, Vital Communications and IQ Infotech.
BSE chief operating officer Mahesh L Soneji would be looking after the interests of the exchange till a new appointment is made.
A fire broke out on Friday at the eighth floor of the Bombay Stock Exchange (BSE) building at Dalal Street in South Mumbai, fire officials said.No casualties have been reported so far, they added.
Referring to the base year, the exchange said it was due to stability of shares prices and its proximity to the current period (launch date) prompted it to choose 1978 79 as the base year.
Japanese drug major Daiichi Sankyo on Saturday deferred its proposed open offer to acquire an additional 20 per cent stake in Ranbaxy Laboratories, citing a delay in approvals from market regulator Securities & Exchange Board of India.
Reliance Industries has acquired 1,36,22,707 equity shares of Reliance Energy from Reliance Industrial Investments and Holdings, a wholly-owned subsidiary of the company, on June 30 2005.
Corrections are a part of the game and if you are a longer term investor and if you have spare cash I would use these large declines to pick up quality stocks, says market expert Pranav Sanghavi.
The BSE mid-cap Index will include shares of Allied Digital Services, Cals Refineries, Century Plyboards, Gammon Infra, Hindustan Oil Exploration, Indiabulls Securities, Jai Balaji Industries, Jet Airways, Jindal Drilling, Puravankara Projects, Rain Commodities, S Kumars Nationwide, Shriram City Union Finance, Thermax and Thomas Cook India.
New Delhi Television Ltd on Tuesday said it has filed an application with the ministry of information and broadcasting for permission to uplink its fourth news channel.
At least four top brokerages -- Religare Enterprise, Edelweiss Capital, Emkay Shares and Stocks and Modern Securities -- have delayed their fourth quarter results.
Federation of Indian Commodity Exchange is roping in the regional exchanges to be part of its tie up initiative with Bombay Stock Exchange for technology partnership, likely to be finalised between January-March 2006, a top official of FICE said on S
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