)
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns complex market data into captivating stories. Off the clock, he's a tech geek, always up to date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns complex market data into captivating stories. Off the clock, he's a tech geek, always up to date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Volatile market, confusion on tax incentives put off investors
Analysts say investors remain sceptical on market prospects and weak trade may continue into the next month
Currently, the closing price is determined on the basis of the last half-an-hour weighted average price
Enables govt to take year's divestment total past the previous record of 2009-10
Has asked the company to refund, with interest, money raised by company under such schemes within three months
Both IDFC, IFCI own more than 5% in NSE
These include Devita Saraf, Vijayrani Saraf, Zenith Technologies, Vu Technologies, Rajkumar Saraf and Akash Saraf
Govt meets divestment target, manages to raise little over Rs 1,500 crore
Both Sensex and Nifty reflect the large weight they carry of this sector and many wonder if this shouldn't change
The 5.82% offloading likely to rake in at least Rs 1,500 cr, taking govt kitty from divesement in FY13 to a record Rs 24,000 cr
RBI's cautious monetary policy stance also weighs on sentiment
Allocation to be need-based, track record of the issuer to be considered
Higher-than-expected cuts in policy rates by RBI and surprises in companies' earnings could bring in more FII money
The company received bids for 2.17 crore shares against an offer of 1.33 crore shares
Currently, bank rate is at 8.75%, while coupon rate offered by such instruments are between 6.85% and 7.2%
The fall was led by rate-sensitive banking stocks, which fell an average two per cent ahead of WPI data
India's first depository receipt (DR) programme for Reliance Industries established in 1992
The insurance behemoth bought 46%, or 31.63 mn of the 69 mn shares during the offer for sale last week
It has pitched for the introduction of over-the-counter non-capital-raising DRs which would allow for the conversion of Indian shares into depository receipt