Finance

Market valuation of top 9 companies tanks by Rs 81,812 crore

New Delhi: The combined market valuation of nine of the top 10 most valued Sensex companies eroded by Rs 81,812 crore last week amid an overall weak stock market sentiment. Barring Sun Pharma, rest nine companies, including ITC, CIL and HDFC witnessed decline in their market capitalisation (m-cap). On a weekly basis, the BSE benchmark index Sensex fell by 2.96 per ... Read More »

NSE, BSE to conduct 60-minute ‘Muhurat Trading’ on Diwali

New Delhi: Leading stock exchanges NSE and BSE will conduct a special session for ‘Muhurat Trading’ on account of Diwali on November 11. Trading would be conducted between 1745 hours and 1845 hours on the day, NSE said in a circular. “…A special live trading session shall be held on Wednesday, November 11, 2015 on account of Muhurat trading on ... Read More »

NSE, BSE to conduct 60-minute ‘Muhurat Trading’ on Diwali

New Delhi: Leading stock exchanges NSE and BSE will conduct a special session for ‘Muhurat Trading’ on account of Diwali on November 11. Trading would be conducted between 1745 hours and 1845 hours on the day, NSE said in a circular. “…A special live trading session shall be held on Wednesday, November 11, 2015 on account of Muhurat trading on ... Read More »

SBI chief wants teaser loans back, ICICI Bank differs

Mumbai: The two top lenders — State Bank of India and ICICI Bank — are not the same page when it comes to reintroducing the controversial ‘teaser loans’ which were shelved four years ago as the regulator flagged asset quality issues. Pitching for the reintroduction, SBI Chairman Arundhati Bhattacharya has said, “I still believe there is a place for teaser ... Read More »

‘Foreign investors more keen on government bonds than PSU stocks’

New Delhi: Facing challenges in meeting the disinvestment target, the Department of Disinvestment believes that foreign investors are showing preference for government bonds over the PSU stocks on offer. Government has mopped up Rs 12,700 crore in the first half of the current fiscal, highest recorded in the past seven years despite volatile market conditions. However, it has a long ... Read More »

‘Markets may remain volatile; Bihar exit polls eyed’

New Delhi: Stock markets may see choppy trading this week and a slew of important quarterly earnings from Cipla, Tata Steel, SBI, ONGC and Tata Motors are likely to drive the sentiment, say experts. All eyes will be on Bihar exit poll results which will influence trading in the markets in near-term, they added. Besides, auto stocks would remain in focus ... Read More »

SBI chief wants pricing parity with HFCs on home loans

Mumbai: State Bank of India (SBI) chairman Arundhati Bhattacharya on Saturday called for ending the “regulatory arbitrage” enjoyed by pure-play home financiers, which can lend below their prime lending rates whereas banks cannot. “If you ask me, there shouldn’t be any regulatory arbitrage. Regulatory arbitrage always makes for an un-level playing field. And if you have a particular area that ... Read More »

Rupee falls against dollar for third straight week

New Delhi: The Indian rupee continued to fall against the American currency for the third straight week, slipped by another 44 paise to close at 65.27 per dollar on persistent month-end dollar demand from importers and some banks. Meanwhile, Foreign portfolio investors pumped in net USD 128.48 million during the first four days of the week, as per the SEBI’s ... Read More »

Market snaps four-week gaining spree, tanks nearly 3%

Mumbai: Lingering uncertainty pulled down the equities, snapping the four-week gaining spree to plunge nearly 3 percent as the benchmark Sensex fell below the psychological 27,000 and the broader Nifty finishing below the key 8,100 level. Bearishness swamped the market momentum as it tagged continuous selling for the whole of five-trading sessions of the week, bridled by US rate hike ... Read More »

Rakesh Jhunjhunwala buys 1.05% in Jet Airways; shares up 11%

New Delhi: Ace investor Rakesh Jhunjhunwala on Friday picked up 1.05 percent stake inJet Airways for Rs 50.52 crore through an open market transaction. According to the bulk deals data available with NSE, Jhunjhunwala’s RARE Enterprises acquired 11,95,000 shares or 1.05 percent stake in the private airline. The shares were bought at an average price of Rs 422.76, valuing the ... Read More »