The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
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Its market capitalisation tops those of the 3 largest Indian firms combined
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
Sebi found that on average, the remuneration paid to CEOs in certain Indian companies are far higher than the remuneration received by their foreign counterparts.
The 50-share NSE Nifty, however, was little changed, ending 1.20 points down
Pharmaceutical major Matrix Laboratories, public sector oil producer Oil and Natural Gas Corporation and Ranbaxy Laboratories have emerged as the fastest, biggest and the most consistent wealth creators for year 2006
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Defaults due to rising rates resulted in the move.
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
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
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
PFRDA will invite bids to appoint pension fund managers.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
B Chandramouli and P Kumar were on Monday appointed the chief operating officer and head of business services, respectively, at YES Bank Ltd.
Dragged down by a massive fall in the stock market, total investor wealth slumped by nearly Rs 3 lakh crore on Tuesday as shares of over 2,200 listed firms ended in the red.
SAS, global leaders in business intelligence solutions, on Friday announced setting up of its largest research and development centre in Pune, as it expects the Indian market to grow by 27 per cent and generate $87.4 billion worth business by 2009.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
Sensex, Nifty end the day in red ahaead of F&O expiry.
Despite constraints, if the new government is able to iron out such drags, the outlook for the rupee will be more positive in the near future.
Global business process management solutions provider Staffware Plc launched its Indian operations on Thursday and received a BPM contract from HDFC Bank Ltd.
Reliance Infocomm Ltd has deployed its first wireless Point of Sale terminal in Mumbai for processing credit card transactions.\n\n\n\n
UBI says banking sector to perform well
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
TCS is the country's most valued firm with a market capitalisation of Rs 687,123.96 crore
Sensex ends belowe 26,800 on domestic concerns.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
ICICI Bank Ltd, India's biggest private sector lender, posted its slowest quarterly growth in four years as asset quality worsened and funds set aside for bad loans and contingencies almost doubled from a year earlier.
Shares of RIL surged 4.42 per cent to its all-time closing high of Rs 1,082.20 on BSE.
At the BSE, 1,552 stocks advanced, while 1,419 declined and 118 remained unchanged.
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
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