Sources said the government raised the issue of declining share prices of top PSBs, despite providing capital to revive growth
Mandatory registration, KYC requirement for investors and exemption from private placement norms to be key features of the framework
The objects of the issue are to repay certain borrowings of Rs 5.64 billion and to purchase medical equipment worth Rs 1.10 billion
All that happened in the markets today.
The assets quality of the company worsens sequentially with the gross non-performing assets (NPAs) rose to 3.7% as of Q3FY18 against 3.4% as of Q2FY18
The stock dipped 9% to Rs 344 on BSE in intra-day trade after the stock of pharmaceutical company turned ex-share buyback today.
The stock has moved higher by 4% to Rs 17,550 on BSE in noon deal after the company announced that it has commissioned new cement grinding unit in Rajasthan.
The stock hit a record high of Rs 477, up 6%, extending its past two days 10% surge on BSE.
The stock hit a new high of Rs 589 rallied 110% from Rs 280 on January 25, 2018, as compared to 4.6% decline in the S&P BSE Sensex.
The stock surged 5% to Rs 7,645 on the NSE after the company reported 59.5% YoY growth in net profit at Rs 3,118 million in December 2017 quarter.
Nifty outlook and few trading ideas by Sacchitanand Uttekar, Asst.Vice President - Research Technicals (Equity), Tradebulls Securities:
Indian exchanges said on February 9 that they were scrapping all overseas licensing deals and data feeds to foreign venues
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
Given the developments, most experts remain bullish on the banking space from a long-term perspective, but suggest investors be selective and buy only those banks whose NPAs are at a manageable level
Big moves in Nifty could go till 10,325, 10,600
Exchange-traded funds and notes tied to the VIX are worth about $3.5 billion, according to Bloomberg
Domestic investors poured Rs 1.5 trillion ($23 billion) into these funds between April and January
The government has also reiterated a commitment to double farmers' incomes by 2022
The free fall in PNB's shares on Wednesday also had a ripple effect on other public sector banks
The results were below Bloomberg's revenue and profit estimate by over 5 per cent and 61 per cent, respectively