SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Sensex halts rally, RIL & Coal India fall

Related News

The Bombay Stock Exchange benchmark index, the Sensex, fell 0.3 per cent on Thursday as investors locked in gains after a three-day rally had sent the index to its highest close in more than six months, with another delay in sealing a crucial bailout for Greece also dampening appetite.

Energy major Reliance Industries (RIL) fell 2.9 per cent to its lowest close this month, and extending losses to a third day, on growing worries about falling gas output from its key D6 block. lost 4.2 per cent after surging more than seven per cent in the previous session.

Coal India, the world's biggest coal miner, slumped 5.8 per cent — its biggest fall in more than seven months — on concerns that a government order to sign a 20-year guaranteed coal supply contract with power producers may hurt earnings. Brokerage downgraded it to "sell" from "outperform" and cut target price to Rs 315 from Rs 350, dealers said.

The closed 0.3 per cent lower at 18,153.99, with 14 of its components ending lower. It had climbed 2.6 per cent in the past three sessions and is up 17.5 per cent since December.

Read more on:   
|
|
|
|
|
|

Read More

M&M gains on post February sales numbers

The company reported 11% year-on-year growth in its auto sales numbers at 47,824 units in February 2013.

Recommended for you

Quick Links

Market News

Milk prices to stay low on skimmed powder inventory

Enough inventory of skimmed milk powder in country will help keeping milk prices under check

Govt may release sugar subsidy payment for last season in two weeks

Will provide a fillip to the raw sugar exports for the current season, mills seek urgent notification for export subsidy

India's sugar production up 14% in four months

In Maharashtra, 177 sugar mills produced 7.4 million tonnes during the period under consideration

Today's picks- 3 March 2015

Nifty, Bank Nifty, TCS, HDFC & PowerGrid

Rise in tender coconut demand hits copra stock

The price already has increased to Rs 25-30 a nut in the last one month

 

Back to Top