The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
HNI equity folios up 46% in the first half of FY15.
Lesser-known Indian players continued to impress, while the fancied struggled to score, even as overseas Grandmasters took charge in the third round of the World Junior Chess Championships, being played at Hotel Hyatt, in Pune, on Wednesday. S L Narayanan was one of the early finishers, holding second seed and super GM Robin Van Kampen (2641) to a draw, while 10-year-old Nihal Sarin's impressive display again won him many admirers after he held Balazs CSonka (2409) to a draw to remain unbeaten after three encounters against opponents rated higher than 2400.
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.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
Most of the index heavyweights are yet to declare their results.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
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.
The stock market watchdog had said any adverse findings by other regulators might have a bearing on the exchange.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Steps taken by the government over the past few months signal a determined effort to reform the subsidy regime.
Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
The cash segment turnover at MCX-SX sharply fell to Rs 624 crore (Rs 6.24 billion) in November from Rs 1,119 crore (Rs 11.19 billion) in October, 2013.
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
Sensex rises, Nifty ends at record high; RIL shares rally.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
'EPFO's investments this financial year should be Rs 1 lakh crore'
Sensex ends lower; govt schemes in focus.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Anaysts recommend a 'buy' on Icra due to its positive outlook.
Anaysts recommend a 'buy' on Icra due to its positive outlook.
Rose Valley is one of the biggest money businesses after Sahara.
The hype surrounding the Budget gives it undue importance.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Railway Budget has not discriminated against any state.
India's foremost architect and town planner was renowned as much for his 'breathing' spaces as for his irascible personality
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
Putting Indian markets on fire, the foreign investors have pumped in over Rs 1-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.
BJP MP Kirti Azad on Sunday alleged that lots of companies were given crores of rupees by the DDCA and contracts were given out to fraud companies without any verification.
China's Lu Shanglei and Wei Yi emphatically exhibited their rising chess prowess with convincing victories over Russians Vladimir Fedoseev, the top seed, and Mikhail Antipov, in the 10th round of the World Junior Chess Championships at Hotel Hyatt, in Pune, on Thursday. The victories ensured that the Chinese maintained joint-leader status with eight points each.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances