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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
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.
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.
Existing units stay operational; those approved may not be notified, land could be used for other purposes
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.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
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
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
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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.
Oil & gas, banking and pharma sector stocks stole the show
Investors booked profits at higher levels despite the growth oriented Budget.
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
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.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
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
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%.
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.
Analysts have started talking about at least a 25 bps cut immediately.
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.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
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.
