S&P has revised the assessment of Union Bank of India's standalone credit profile (SACP) from 'BB' to 'BB-' on weakening capital buffer
The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
Valuations, however, are factoring in near-term benefits of growth and consolidation
Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects
President of Franklin Templeton India Sanjay Sapre speaks ahead of the vote on whether the fund house should be allowed to wind up troubled schemes
Some $900 mn could flow into domestic stocks due to the GEIS rejig; Dr Reddy's could see inflows of $80 mn and Tata Steel could see outflows of $60 mn due to changes in BSE Sensex
After touching its lifetime intra-day high of 46,992.57, the Sensex settled 223.88 points or 0.48 per cent up at 46,890.34 - its new closing record
The regulator has issued a consultation paper in this regard and sought suggestions from public till January 11
At the end of last month, it stood at Rs 30 trillion
Easing of profitability criteria could see entry of quant funds, robo advisory and smart ETFs
Export subsidy announcement a positive but high valuation could restrict gains
BSE Sensex settled at 46,890 levels, adding 224 points or 0.48 per cent. In the intra-day deals, the index nearly kissed the 47,000-mark and hit a lifetime high of 46,992
Markets today: Heavyweights like HDFC, Bajaj Finance, HDFC Bank, and Reliance ended between 0.5 per cent and 3 per cent higher on the S&P BSE Sensex
The issue was on a private placement basis
The QSR's stock tumbled 18 per cent from its fresh record high of Rs 219.15, hit on the BSE in Thursday's early morning trade
On Wednesday, Lupin announced in a BSE filing that its dispute with the sellers in the Gavis and Novel transaction has been resolved amicably to the satisfaction of all parties.
In the past month, the stock has outperformed the market by surging 17 per cent, as compared to 6.5 per cent rise in the S&P BSE Sensex
According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term
The rupee appreciated 6 paise to 73.52 against the US dollar in opening trade as sustained foreign fund inflows and positive domestic equities strengthened investor sentiment