 "SI Reporter")
SI Reporter
SI Reporter
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Page 974 - Si Reporter
Sun Pharma dips on listing of new shares
A 335 million equity shares issued pursuant to the scheme of amalgamation of Ranbaxy are listed w.e.f. April 17, 2015.
 "Sun Pharma dips on listing of new shares")
Lupin extends fall after Aurobindo gets USFDA nod for Generic Suprax
The stock dipped 5% to Rs 1,810, extending its previous day's nearly 3% fall on the National Stock Exchange.
 "Lupin extends fall after Aurobindo gets USFDA nod for Generic Suprax")
Markets remain under pressure; Nifty hovers at 8,650
The IT sector is weak in wake of the TCS numbers, while the metal shares buck the negative trend.
 "Markets remain under pressure; Nifty hovers at 8,650")
Hindalco gains on news of LIC stake hike
India's largest investor Life Insurance Corp (LIC) increased stake in Hindalco
 "Hindalco gains on news of LIC stake hike")
Rollatainers surges on board nod for stock split
The board approved stock split of face value Rs 10/- each into five shares of face value Rs 2/-each
Sensex down 100 points; banks, IT shares drag
At 10.30 AM, the Sensex is down 102 points at 28,564 and the Nifty is down 53 points at 8,654 levels
 "Sensex down 100 points; banks, IT shares drag")
Rolta extends losses despite clarification on Glaucus report
The company clarified that the Glaucus report is completely baseless and has factual errors and inconsistences
 "Rolta extends losses despite clarification on Glaucus report")
MindTree slips on drop in Q4 net
The company's fourth quarter net profit fell 8.6% to Rs 129 crore on account of forex losses.
Nifty breaks 8,650; TCS dips 2.5%
9.40 AM, the Sensex is down 65 points at 28,601 and the Nifty is down 43 points at 8,663 levels
 "Nifty breaks 8,650; TCS dips 2.5%")
Reliance Industries gains ahead of Q4 earnings
Analysts expect the gross refining margin to be in the range of $9.5-10 per barrel against $7.3 per barrel in (Oct-Dec 2014)
 "Reliance Industries gains ahead of Q4 earnings")
Markets likely to open lower; TCS, RIL in focus
At 8:35AM, the early indicator SGX Nifty was down 2 points at 8,710.
 "Markets likely to open lower; TCS, RIL in focus")
Sensex drops 167 points to end below 28,650
Provisionally, Sensex shed 167 points to close at 28,633 and Nifty dropped 55 points to end at 8,695
 "Sensex drops 167 points to end below 28,650")
Markets extend losses ahead of key corporate Q4 results
Sesa Sterlite, Wipro, Infosys, Hero Motocorp and Dr Reddys Lab are the top losers
Sensex down over 200 points; Infosys, TCS dip over 1.5%
IT shares continued to remain weak ahead of fourth quarter earnings from TCS later today
KEC International gains on sale of its telecom assets
The company will sell its 381 telecom sites to ATC Telecom Tower Corporation in Chhattisgarh, Meghalya and Mizoram
 "KEC International gains on sale of its telecom assets")
Markets remain weak; Nifty hovers at 8700
Pharma and banking stocks are dragging the indices, while oil space is bucking the weak trend.
OMCs dip on drop in fuel prices
Price of petrol is cut by Rs 0.80 a litre and price of diesel is cut by Rs 1.30 a litre inline with the drop in crude oil prices
 "OMCs dip on drop in fuel prices")
Sugar stocks surge on talk of import duty hike
The government plans to hike import duty on sugar to 40% from 15%
Eicher Motors gains on RBI nod to hike FII limit
The RBI hiked the FII/RFPI investment limit in the company up to 49%
 "Eicher Motors gains on RBI nod to hike FII limit")
Tata Motors rises on 9% jump in global sales
Company reported a growth rate of 9% in global sales, including Jaguar Land Rover's, at 1,03,952 units
 "Tata Motors rises on 9% jump in global sales")