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.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
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
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.
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.
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.
HNI equity folios up 46% in the first half of FY15.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
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.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Most of the index heavyweights are yet to declare their results.
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.
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.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
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.
