Page 2841 - Markets News

European Union may widen scope of testing for Indian marine products

The outcome of the EU's audit was discussed at two standing committee meetings of the European Commission last month

Coal India gets Rs 16.5 billion from retail investors, stock falls 2%

Bids for 61.91 million shares were received from individual investors, as against the base issue size of 39.6 million

UPI-based payments for IPOs from Jan 1, 2019 in a three-phased manner

The move will help reduce the time period between closing of an initial public offering (IPO) and listing of the security from six working days to just three working days

Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 50 bn

On top of the 3 per cent stake sale, the government also has an option to retain an over-subscription of another 6 per cent stake in the CIL OFS

Global market cues, festive season push Gold price to Rs 32,780 per 10 g

Globally, gold rose 0.82 per cent to $1,225.10 an ounce in Singapore

MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%

Nifty IT index was the top loser of the day, falling 2.1 per cent weighed by HCL Technologies and Infosys. On the other hand, among gainers, the Nifty Metal index rose 1.3 per cent led by NMDC.

Escorts gains 10% on strong October sales

The stock moved higher by 10% to Rs 688 on the BSE after the company reported a healthy 28.8% Y-o-Y growth in total tractor sales at 13,140 units in October.

Adani Power hits 52-week high post Q2 results; stock soars 45% in one week

The stock hit a 52-week high of Rs 47.85, more than doubled from Rs 23.85 as on September 28, 2018, against 5% decline in the Sensex.

United Spirits surges 8% on strong September quarter results

The stock surged 8% to Rs 620, extending its past three days 11% gain on the BSE.

There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty

Indian markets have faced a perfect storm over the last few months, driven by a slew of global and domestic factors, says CEO of Mirae Asset Management

Kalpataru Power rallies 11% on post Q2 results

The stock rallied 11% to Rs 360 on the BSE in early morning trade after the company reported 28% Y-o-Y jumped in its standalone net profit at Rs 914 million in September quarter.

Markets remain on edge as the rift between govt and RBI plays out

The rupee pared some losses after the finance ministry clarified that the autonomy of the central bank is an essential and accepted govt requirement

The RBI-govt rift adds to concerns in already bleeding Indian markets

Relations between the two have deteriorated in recent months, with the government unhappy with the central bank's interest rate policy ahead of an election early next year

Larsen & Toubro gains 6% as Q2 profit beats estimate

The stock was up 6% to Rs 1,379 on the BSE in early morning trade after the company reported 23% Y-o-Y jumped in its consolidated net profit at Rs 22.30 billion in September quarter.

Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

First-ever EOW-administered repaymment to NSEL investors effected

EOW plans repayment of another Rs one bn in next two months

Auto numbers have a story to tell

In June 2017, carmakers cut down production due to the provision, that GST would not be available for left-over stock

Going against spirit of law, taxmen deny grandfathering benefit to FPIs

Nil withholding certificates not issued to investors from Mauritius, Singapore for shares bought before April 1, 2017

Aluminium heading for a 5% loss on the month, nears 15-month low

Other metals also pulled back, with nickel hitting multi-month lows and zinc and lead dropping to their lowest in weeks

Markets rally as rift between RBI, govt eases; global cues aid sentiment

Market players said the statement issued by the government to defuse the tension with the RBI had helped market sentiment