State-run Coal India Ltd is likely to hit the market by the third week of October with India's largest ever public offer to raise up to Rs 15,000 crore (Rs 150 billion).
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
Reliance Industries was the only stock which defied the broader market trend
Top gainers in the Sensex pack include Yes Bank, TCS, Infosys, IndusInd Bank, HCL Tech, Bharti Airtel, HDFC, Sun Pharma, Bajaj Auto, ICICI Bank, Vedanta, Hero MotoCorp, ITC, Bajaj Finance, M&M and Tata Steel, surging up to 3.24 per cent.
The hike in clean energy cess is likely to impact input cost for thermal power producers
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
Top losers include Hero MotoCorp, HDFC, SBI, Infosys, HCL Tech, ICICI Bank, Bajaj Finance, ONGC, Bajaj Auto and IndusInd Bank, falling up to 2.63 per cent.
In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, spurting up to 2.66 per cent.
Prime Minister Manmohan Singh has asked administrative ministeries to work out viable plan for disinvestment of BHEL and Coal India, including dividend payment, so as to achieve Rs 40,000 crore (Rs 400 billion) target in the current fiscal.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
The body of the trapped miner was spotted on January 16 and efforts were on to pull it out of the shaft of the coal mine filled with water.
"The coal ministry intends to purchase the house and build a memorial on it," minister of state for coal Shriprakash Jaiswal told PTI, adding directions have been given to the officials of the ministry to purchase the house 'at any cost.' The minister said he, along with officials of Coal India Limited, will be visiting South Africa on August 17 in this connection.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
CIL workers are represented by five unions -- Indian National Trade Union Congress, Hind Mazdoor Sabha, Bharatiya Mazdoor Sangh, AICWF and All India Trade Union Congress.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
'The government wants foreign companies to capture the insurance market.'
Russia has been grappling with sanctions slapped by the US and its allies over Moscow's invasion of Crimea.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
The list mostly contains PSUs which were up for sale in the last fiscal.
Efforts to retrieve the body would continue on Wednesday.
Delhi Waveriders stunned defending champions Ranchi Rays 7-4 in a hard-fought battle in the 4th Coal India Hockey India League.
Ministers might be fond of attributing the Sensex's rise to renewed interest from foreign investors, betting on an impending revival in the economy, but share prices are influenced more by supply and demand.
In fact, the 9 per cent growth story cannot happen without coal, which fires over 50 per cent of the country's installed power capacity, says Partha S Bhattacharyya.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank. In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The depth of water from the surface till the bottom of the pit is expected to be over 150 feet, Navy officials said.
Existing investors should not make any drastic changes in their portfolio at the onset of elections, say experts.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
However, the National Disaster Response Force, which has been engaged in the rescue operation since the day of the tragedy on December 13 last, will continue with their services.
The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent.
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
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