However, RIL has exceeded the mandatory 2% prescribed limit, spending the maximum amount of Rs 761 crore
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
The Reserve Bank of India kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday.
Shares of RIL surged 4.42 per cent to its all-time closing high of Rs 1,082.20 on BSE.
Any saving on the car loan EMI can translate into major savings.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Government has forecast annual economic growth to rise to 7.4%.
Sensex remained volatile through the day.
The 50-share NSE Nifty was trading lower by 24 points.
Markets end in red; bluechips struggle to keep pace.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
The reason is believed to be a 19% increase in interest cost.
The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the American dollar, then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
Pharma shares extended losses after the government's ban on combination drugs.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Indian companies had raised $2.39 billion from foreign markets in May 2015.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Moratorium was only a temporary reprieve to borrowers affected by the pandemic, adding that a longer moratorium period exceeding six months can impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
In 10 sessions Sensex rose over 8%
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
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In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
Bank shares were the top gainers led by ICICI Bank.
The ailing United Western Bank on Thursday submitted a scheme of reconstruction to the regulator Reserve Bank, which has placed it under moratorium due to erosion of networth.\n
Nifty snaps 10-day winning streak
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