Mukesh Ambani-led RIL, which had a cash chest and marketable securities worth over Rs 90,000 crore (Rs 900 billion) at the end of the last fiscal, is known for very effectively managing its financial resources by placing them in liquid instruments and highly rated securities.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
Nifty could fall to 9,500 levels; not a good time to bottom fish, say experts
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
Sensex, Nifty put up a good show in closing trade.
The good news for the group has come from the port business.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
Existing units stay operational; those approved may not be notified, land could be used for other purposes
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Oil & gas, banking and pharma sector stocks stole the show
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
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.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
Investors booked profits at higher levels despite the growth oriented Budget.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
This Budget will be a litmus test of the government's resolve to ensure Make in India strategy works
Can the poll outcome be a trigger for a meaningful correction?
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
Sensex,Nifty to remain under pressure through the week.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
Analysts have started talking about at least a 25 bps cut immediately.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
Budget in the medium term aims to kick-start the investment cycle.
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