Page 2960 - Markets News

MSCI weighs placing India on notice over investor access

MSCI will now consult its clients and announce the results by December 31

Sebi shuts FII-to-FII trades; huge demand seen for HDFC Bank stock on Jun 1

Facility was extensively used in case of stocks such as HDFC Bank, where FII investment limits are often fully utilized

Sebi sets up review panel to hear disputes between rating agencies & firms

Committee will consist majority of independent directors; Nearly 1,000 companies have challenged ratings assigned by agencies in 2017

NSE tells software vendor to probe technical glitch faced by traders

Several brokers feel that the software bug could be a malware attack

Beating peers may not be easy for Berger as it lags in rural markets

Firm could see more gains, led by a recovery in rural demand

US price erosion: Pressure on Glenmark's business to continue

Company expects 10-12 per cent price erosion to continue in America

Power Grid: Strong order book to drive earnings in FY18-22, say analysts

Analysts estimate earnings to grow 12% annually over FY18-22

PM in Singapore: NSE-SGX feud likely to be discussed during Modi's visit

PM Modi will be interacting with Singapore's corporate executives on June 1

BEL Q4 net declines 29.5% as export revenue slides, wage cost rises

Total income from operations also declined by 14.62 per cent to Rs 36.08 billion

Ashoka Buildcon Q4 net jumps 51% to Rs 1.05 bn, revenue up 11% to Rs 7.5 bn

Total expenses reduced to Rs 5472.7 million during the quarter against Rs 5737.7 million in the same quarter of 2016-17

Infosys concludes acquisition of US based Wongdoody at $75 million

It added the transaction will also help Infosys further expand its worldwide network of digital studios

MARKET WRAP: Indices end flat ahead of May F&O expiry; Nifty holds 10,600

Markets declined tracking broader Asia as investors trimmed exposure to riskier assets amid a political crisis in Italy

SGX-NSE row: Why GIFT in PM Modi's backyard makes no sense ahead of Mumbai

SGX was asked by the Bombay HC on Tuesday to suspend the June 4 start of its new India equity derivatives and try to settle its dispute with NSE via arbitration

Manpasand Beverages remains under pressure; stock plunges 42% in 3-days

The stock hit fresh 52-week low of Rs 248 today, tanked 42% in past three trading days from Rs 431 after the Deloitte Haskins and Sells resigned as auditor of the company with effect from May 26, 2018

Weizmann Forex falls 20%; board to meet Monday to consider share buyback

The stock is locked in lower circuit of 20% at Rs 683 on the BSE, tanked 52% thus far in the calendar year 2018.

Graphite India nears new high in weak market;stock up 22% post Q4 results

The stock was trading 3% higher at Rs 891, extending its 6% gain in past three days on the BSE in otherwise weak market, inching towards its all-time high price of Rs 908 touched on January 4, 2018.

Dilip Buildcon slips 14% post Q4 results

The stock slipped 14% to Rs 901 on the BSE in intra-day trade after the company reported 11% YoY growth in its consolidated net profit at Rs 2.18 billion in March 2018 quarter.

Glenmark Pharma hits 52-week low on subdued Q4 results

The stock hit a fresh 52-week low of Rs 484, slipped 9% on the BSE in early morning trade, after the company reported 17% decline in its consolidated net profit at Rs 1.52 billion in March quarter.

Merck hits record high; stock zooms 18%

The stock hit new high of Rs 2,369, rallied 57% from Rs 1,510 since April 19, after P&G Overseas India makes mandatory open offer to acquire 26% stake in the company at price of Rs 1,500.36 per share.

M&M hits new high on strong Q4 results

The stock hit a new high of Rs 895, up 3%, extending its 2.2% gain on Tuesday on the BSE in otherwise weak market.