The board of directors of ING Vysya Bank, at its meeting held on May 28 have approved the bank's sale of 14.87 per cent stake in ING Vysya Life Insurance Company to Gujarat Ambuja Cements for Rs 60.9 crore (Rs 609 million).
The Sensex ended eight points lower at 5,195. The Nifty closed at 1,631 - down 8 points.
The Sensex opened with a positive gap of 18 points at 11,104. Fresh buying in the early deals saw the index rally to a high of 11,140
After exhibiting high volatility in early trades, the Sensex closed with a marginal loss of 22 points at 9,849.
Late selling in the market saw the Sensex close seven points lower at 9,374.
The Sensex opened with a negative gap of 22 points at 6,629, which nearly turned out to be the high for the day. Sustained selling across-the-board saw the index plunge to an intra-day low of 6,335 - a drop of 316 points from the previous close.
The Sensex ended with a huge gain of 1.6% or 91 points at 5,766, and the Nifty closed 36 points higher at 1,806.
The BSE Sensex opened with a positive gap of 10 points at 5,179. Fresh buying in the markets led the index spurt to a high of 5,204. The index is now at 5,195, up 26 points. The Nifty is up 7 points at 1,634.
Weakness in cement, PSUs and select tech, pharma and auto stocks saw the Sensex finally finish with a loss of nine points at 3,621.
Shares of cement companies rallied on Tuesday on hopes of improved quarterly results.
The Sensex opened with a positive gap of 35 points at 11,114. The index zoomed to a new all-time intra-day high of 11,147, and is now up 54 points at 11,133.
The Sensex opened with a positive gap of 46 points at 10,996.
The 30-sare BSE Sensex opened on a firm note above the 10,120 mark. At 1006 hrs it is up 14 points at 10,125.
The 30-share BSE Sensex opened weak but soom zoomed to touch 9600. It is now up 61 points at 9601.
The Sensex finally closed with a loss of 171 points (1.9%) at 9,086.
Sensex opened weak and is now down 5 points at 7811. Nifty is down 9 points at 2372.
The markets displayed volatility in the opening bell. After opening nine points higher over its yesterday's close at 6,317, the index moved up to touch an early high of 6,330.
Mirroring buoyant global markets the Sensex opened with a positive gap of 18 points at 5,056. The index is now at 5,075 - up 37 points. The Nifty is at 1,591, up nine points.
The Sensex is now down 4 points at 5,136. The Nifty is up one point at 1,608.
The Sensex closed with a gain of 16 points at 3,780.\n\n\n\n
Sensex ends at an all time high of 10,565
The Sensex displayed solid strength in today's trading. The index touched a high of 10,296 and finally ended with a gain of 81 points at 10,282.
The Sensex closed with a loss of 63 points at 9,311.
The Sensex opened with a negative gap of 21 points at 9,263, which turned out to be the low for the day.
Adani group saw a 55 per cent profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a $90 billion capex over the next decade. Emerging from a damning report of a US short seller, which hit market value of its listed companies, Adani group in 2023-24 (April 2023 to March 2024) fiscal focused on containing debt, reducing founder share pledge and consolidating business in core competencies.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
Nestle India has tied up with five cement manufacturing units.
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
From paper company to auto parts, 5 companies that stood the test of time.
