Tag Archives: holds

Closing bell: Sensex falls 216 pts, Nifty holds 9900; pharma stocks drag

3:30 pm Market Closing: Equity benchmarks ended lower for third consecutive session Wednesday on further profit booking. Geopolitical tensions hit market sentiment. The 30-share BSE Sensex was down 216.35 points at 31,797.84 and the 50-share NSE Nifty fell 70.50 points to 9,908.05. More than three shares declined for every share rising on the BSE. 3:24 pm Market Check: Equity benchmarks extended ... Read More »

LIC’s favourites: 20 stocks in which the Big Daddy of insurance holds 10-20%

Life Insurance Corporation (LIC) which has registered a whopping 145 percent jump in profit from the sale of equities in the April-June quarter of the current financial year was also busy in raising stake in most of the bluechip names. There are about 20 companies in which LIC holds more than 10 percent stake which includes names like ITC, Corporation Bank, Orissa Minerals, NALCO, IDBI ... Read More »

Asia stocks slip with central banks in focus, oil holds gains

Asian stocks were mostly lower on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while crude oil prices hovered near 2016 highs. Spreadbetters expected Europe to behave similarly, forecasting Britain’s FTSE .FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI to open little changed. Japan’s Nikkei .N225 lost 0.4 percent as Japan-based suppliers of iPhone ... Read More »

Global shares hit 2016 high, U.S. dollar holds recent gains

Wall Street stock indexes were little changed a day after the S&P 500 closed at its highest since early December. European shares .FTEU3 added to substantial gains made on Wednesday and MSCI’s gauge of stocks across the globe .MIWD00000PUS ended at its highest level of the year. “The (U.S. stock) market has rebounded nicely, but it’s running into resistance,” said ... Read More »