The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
Auto and realty shares were among the top Sensex gainers.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
Developed markets have performed better than emerging market firms in the top 10 TSR-based rankings, says a BCG report.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
Top corporates have paid more advance tax in second quarter this year.
Budget in the medium term aims to kick-start the investment cycle.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
Vrde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
'Earnings revival could be two quarters away.'
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Engineering conglomerate fended off three corporate raids but emerged stronger.
The policy statement by the RBI governor is also expected to be upbeat.
Most of the index heavyweights are yet to declare their results.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
The calculation excludes cross-holding of listed group cos in each other.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
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