As industry voiced concern over the CBI naming industrialist Kumar Mangalam Birla in a case, Oil Minister M Veerappa Moily on Friday said investigating agencies and the judiciary must ensure that India does not become like Russia, where investors are not prepared to go and billionaires are put behind bars.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
The hike in clean energy cess is likely to impact input cost for thermal power producers
The S&P BSE Sensex surged 217 points to end at 25,736.
The winter session of Parliament will commence on November 26.
Major corporates are staring at an uncertain future after investing substantially on their projects
Metal sector is not too happy from Budget announcements for the sector
Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
CBI is likely to examine soon Hindalco chairman Kumar Mangalam Birla and former Coal Secretary P C Parakh, who are named as accused in the FIR related to Talabira coal block allocation to Hindalco, as it wants to expedite probe.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
The states will get over Rs l lakh crore.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
Aditya Birla Management Corporation has received cash from certain group companies through hawala operators in Delhi, say investigators
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The Central Bureau of Investigation on Tuesday filed a fresh status report in a sealed envelop in the Supreme Court on coal block allocation scam giving details of the ongoing probe in which companies, business tycoons and bureaucrats have come under its scanner.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Licence winners are expected to be announced by the first quarter of 2014.
Stocks of companies having operations and exports to Europe were the top losers.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Sensex climbs higher at close, bluechip stocks in focus.
Technical rallies and short covering may arise only if the markets break this 500 point band
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
In many cases, all that is required is a final letter from the ministry
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
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