Tepid loan growth and higher credit cost to weigh on earnings at private corporate lenders
The Dow Jones Industrial Average rose 352.73 points, or 1.47%, to 24,285.49, the S&P 500 gained 38.91 points, or 1.49%, to 2,643.38 and the Nasdaq Composite added 115.09 points, or 1.66%, to 7,030.20
CBI is looking into transactions between Rajiv Kochhar and Videocon group
The board of India's second-largest private sector bank may meet as early as this week to consider its next course of action
The impressive performance was despite a lukewarm response to the hospitality chain's Rs 10-billion initial public offering
The stock had listed at Rs 61.60, a 10% premium against issue price of Rs 56
Trading in the 15 securities will be available in trade for trade segment at a price band of 5 per cent or lower with effect from April 12
The market regulator is working on formalising information sharing with other enforcement agencies armed with advanced technologies
All that happened in the markets today.
Listed PSUs have already been provided one year extension, till August 21, to comply with the norms
Century Plyboards, Dilip Buildcon, Apollo Tyres, Escorts, Excel Industries, HIL, KEI Industries, Pidilite Industries, Power Mech Projects and SRF too hit record highs in intra-day today.
The stock rallied 15% to Rs 129, extending its Friday's 2% gain after the acquisition of BPO Company in Philippines to strengthen the Company's BPO offerings to meet the growing demands of customers
The stock hit a new high of Rs 970, up 3.3%, has surpassed its previous high of Rs 963 recorded on March 28, 2018 on the BSE in intra-day trade.
The stock was up 4% to Rs 1,270 on the BSE after the company announced that it has signed an agreement with ExxonMobil Exploration Company, valued at more than $20 million in the first year.
Equity funds took in a net Rs 66.57 billion ($1 billion), the least since last February, data from the Association of Mutual Funds in India show
Government bonds had fallen for seven straight months to February, the deepest selloff in two decades as excessive debt supply, quickening inflation and higher global yields soured sentiment
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
The Reserve Bank of India, which conducted the auction, had set the cut-off yield at about 7.15%
Rising coal prices also pose a challenge for state distribution companies
Even markets such as India, despite low exposure to the US economy and their stock markets, has seen high turbulence