Tag Archives: Vedanta

Market continues to be euphoric: Sensex rises over 100 points, Nifty above 11,900 on domestic, global cues; Yes Bank, Vedanta among early gainers

Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade Tuesday amid positive domestic and global cues and unabated foreign fund inflow. The 30-share index was trading 98.04 points, or 0.25 percent, higher at 39,781.33. Similarly, the broader NSE Nifty rose 24.75 points, or 0.21 percent, to 11,949.50. In the previous session on Monday, the BSE gauge ended 248.57 ... Read More »

Share Market updates: Sensex closes 177 points higher, Nifty rises to 11,665; Tata Steel, Vedanta, Bajaj Finance top gainers

After logging a positive start in early trade, Sensex and Nifty pared gains on account of profit booking in afternoon session. However, bulls refused to be cowed down by bears on Dalal Street as Sensex closed 177 points or 0.46% higher at 38,862 level and Nifty rose 67 points to 11,665 level. Tata Steel (3.36%),  Vedanta (2.38%) and Bajaj Finance ... Read More »

Kotak removes Vedanta from largecap portfolio; 15 stocks that are part of its midcap portfolio

Kotak Institutional Equities has made a few changes to their recommended large-cap model portfolio. They have removed Vedanta, and reduced weight in Infosys by 100 bps, bringing down the weight to an ‘internal’ cap of 10 percent. Apart from Infosys, reduction of weight was seen in M&M (30 bps) and RIL (70 bps) and allocated the same weightage to Bajaj Finance(200 bps), ICICI Bank (50 bps) and Maruti Suzuki India (100 bps). On ... Read More »

Vedanta wins gold-hungry India’s first mine auction

Vedanta Ltd has won India’s first-ever auction of a gold mine, a state government official said, as the nation opens up the sector to private companies to curb overseas purchases of the metal that cost it $36 billion last year. Vedanta, a unit of London-listed Vedanta Resources Plc, beat three other bidders in the auction of the Baghmara mine in ... Read More »