Page 2490 - Markets News

SBI sees strong value addition from subsidiaries, SBI Cards top contributor

The rising awareness of life insurance as a protection product is giving strong traction to the sector

Market outlook: US-China talks, macro-data to influence markets this week

The US Federal Reserve interest rate decision on Thursday will be a major event that would be keenly tracked by markets globally

India's weak economic data turns FPIs from net buyers to net sellers in Dec

FPIs would continue to be watchful of the domestic environment and tread cautiously

Know your onions: Buyers left teary eyed as prices surge to Rs 200 a kilo

Onion prices have been high for past few weeks due to fall in production of the Kharif crop following unseasonal rainfall in key growing states

Equitas Small Bank to raise Rs 250 crore through private placement

Board of Directors of of Equitas Small Finace Bank (ESFBL/ Bank) had approved to issue of 4,74,58,239 equity shares of Rs 10 each at a price of Rs 52.68 per equity share

Indian economy a victim of Modi govt's shock therapy, says Chris Wood

Wood expects the government to continue to announce measure to prop-up the economy, but remains mindful of the widening fiscal deficit

Rally in equities, dollar sparks 1% net outflow in global gold ETFs

The decline in gold prices also pushed investors to reduce holdings in ETFs

Girish Chandra Chaturvedi to succeed Ashok Chawla as NSE chairman

His appointment comes at a time when the exchange is working on limiting the fall-out of the scandal at Karvy Stock Broking

Ashok Leyland faces a bumpy ride ahead over surplus capacity, slowdown

Though there are near-term headwinds, analysts believe the Ashok Leyland stock which is down nearly 30 per cent from year ago levels may not see a significant price correction from these levels

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

National Stock Exchange appoints Girish Chandra Chaturvedi its chairman

The position was vacant since Ashok Chawla resigned as the chairman of the NSE in January

Cabinet gives approval to Bharat Bond ETF, launch in early January

Bharat Bond ETF will be made of AAA-rated papers issued by govt-linked firms

58% brokers to invest in 'algos' as part of software spends in 2020: Survey

The survey also found that almost 86 per cent of brokers consider technology as an important factor for their businesses by 2020 and 79 per cent of them are currently active investors in technology

Market Wrap, Dec 6: Sensex slips 334 pts, Nifty over 11,900; SBI slumps 5%

Shares of Vodafone Idea slumped 9 per cent to Rs 6.66 on the BSE after its chairman KM Birla said the company will shut down if the government failed to provide any relief in wake of the AGR verdict

Sebi not to act on complaints without documents, identity disclosure

The Securities and Exchange Board of India (Sebi) in a statement said, it will not take any action on complaints, where it is not able to reach back to the complainants

MARKET WRAP: Sensex slips 334 pts, Nifty holds 11,900; YES Bank tumbles 11%

All that happened in the markets today

Voda Idea falls 9% after chairman says will shut in absence of govt relief

The Bombay Stock Exchange (BSE) has sought clarification from Vodafone Idea about Birla's comment

Mahindra & Mahindra nears 52-week low; stock slips 12% in one month

In past one month, M&M has underperformed the market by falling 12 per cent as compared to a marginal 0.33 per cent rise in the benchmark S&P BSE Sensex.

Allcargo Logistics climbs 4% on approval to buy controlling stake in Gati

The company has already chalked out a plan to become a majority stakeholder in the express business, its chairman said.

PSU banks trade weak; SBI, Bank of Baroda down over 3%

On Thursday, the Reserve Bank of India (RBI) lowered its gross domestic product (GDP) growth forecast for the financial year 2019-20 (FY20) to 5 per cent, from the previously estimated 6.1 per cent.