Sensex, Nifty put up a good show in closing trade.
The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms for delays in commencing production from mines allocated to them.
The overall market breadth was extremely positive as 1,868 stocks advanced while 951 declined.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Supreme Court on Tuesday a plea seeking its direction to the Central Bureau of Investigation to name Prime Minister Manmohan Singh in its First Information Repotfiled against industrialist Kumar Mangalam Birla and former Coal Secretary P C Parakh in a coal block allocation case.
Data shows of the 385 companies, which had announced their latest shareholding, fund houses cut their stake in about 200.
India and China together account for 32 of the 50 companies in Forbes' sixth annual 'Asia's Fabulous 50 listed companies'.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Govt to issue ownership rights of 15 coal mines on Mar 23.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
The hike in clean energy cess is likely to impact input cost for thermal power producers
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A global selloff over Europe's sovereign debt problems and weak US economic data had a bruising effect on Indian stock markets today.
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.
Short selling, also known as shorting or going short, is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the intention of buying identical assets back at a later date to return to the lender.
The 30-share barometer of the Bombay Stock Exchange ended the session at 20,303.12, higher by 137.26 points, or 0.68 per cent, with HDFC, RIL, TCS and Hindalco contributing the most.
At the BSE, 1,791 stocks declined, while 948 advanced, 110 stocks remained unchanged.
The S&P BSE Sensex surged 217 points to end at 25,736.
Scores of leading SEZ promoters, including Infosys Technologies, CMC Ltd, Hindalco Industries, NIIT Technologies, HCL Technologies, Orient Craft Infrastructure, L&T Phoenix Infoparks and K Raheja Corp, have sought more time from the Board of Approval, which is meeting in New Delhi on June 2.
Indo Gulf Corp fixed March 13 record date for the scheme of arrangement between the company, Hindalco Industries Ltd and Indo Gulf Fertilisers Ltd.
In the wake of the 2G acquittals, here are a few high-profile cases in which question marks were raised by various courts over the CBI's probe.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
Tata Steel, others sell assets abroad after taking massive impairments.
Volatility returned to haunt the Street in the post-lunch session
While some such as Hindalco, JSW Steel, India Cements, Essar Oil, Tata Steel and Jet Airways have already announced plans to raise a combined Rs 70,000 crore, there are many who are redrawing proposals to enter the market to raise money.
The NSE Nifty settled at 4,662, down 70 points. The GDP numbers, economic growth of 6.1% in Q1, failed to cheer the investors and the index tumbled to a low of 15,590.
Those for power sector to see tussle between prior owners & new challengers
Sensex eneded lower on poor perfromance by financials and IT stocks.
The NSE Nifty is at 5,148, up 82 points. The prominent gainers were HDFC Bank, Wipro, HUL, NTPC, Sterlite and Tata Power, up 1-2% each.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Obviously, with the larger corporations in a bit of a spot, ancillaries and vendors are feeling the pinch; others too are finding the going tough. Over the past five years financial leverage helped earnings; it will now work the other way, says Shobhana Subramanian.
Making the things worse, those hitting their record low share prices included big names like Reliance Power, Cipla, Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash Associates, Jet Airways, Suzlon Energy and Idea Cellular. Realty majors DLF Ltd, Unitech, Parsvnath, Sobha Developers, Omaxe and Puravankara also plunged to their all-time lows.
According to a new survey conducted by consultancy major PriceWaterhouseCoopers, about 28 per cent of Indian financial services firms expect to buy stakes in European groups in the next five years and the same percentage intend to enter North America. "Overseas acquisitions by industrial groups such as Tata Steel, Hindalco, Tata Motors and Ranbaxy are clearly proving inspirational," PwC said in its report.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Though there are various provisions under the Indian income tax laws which encourage M&A activities in India, some of these provisions need to be revisited to further step up the momentum. Further, the scope of some of the concessions needs to be extended to all sectors.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The BoA, headed by Commerce Secretary G K Pillai, will consider granting formal clearances to Mukesh Ambani-promoted Navi Mumbai Special Economic Zone and Hindalco aluminium SEZ in Orissa.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
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