Page 4370 - Markets News
Banks lift Nifty to 6,700 levels
In intra-day trades, Sensex and Nifty scaled new highs at 22,363 and 6,703 respectively
 "Banks lift Nifty to 6,700 levels")
Provisional: Markets close near day highs
Sensex was up 100 points at 22,315 and the Nifty advanced 54 points to 6,695
Nifty hits 6,700; Rupee at 59.95
Realty, Power and Metal stocks among the top gainers
 "Nifty hits 6,700; Rupee at 59.95")
Sebi bans SVS Securities from trading in stock market for 1 yr
Market regulator noted that the company had failed to exercise due skill, care and diligence regarding transactions executed by its sub-broker
 "Sebi bans SVS Securities from trading in stock market for 1 yr")
Cement shares in demand
Ambuja Cements, ACC, UltraTech Cement, Ramco Cements, Dalmia Bharat, India Cements and JK Cement are up 2-13% on the BSE.
 "Cement shares in demand")
Sensex turns flat; ITC, HDFC down 1-1.7%
ITC, HDFC, HDFC Bank and Larsen & Toubro drag Sensex lower
 "Sensex turns flat; ITC, HDFC down 1-1.7%")
GM Breweries spurts on bonus issue plan
The board of directors of the company will meet on April 3, to consider a maiden bonus issue proposal.
Lakshmi Vilas Bank gains on fund raising plan
The private sector bank plans to raise Rs 505 crore through a rights issue from its existing shareholders.
Claris Lifesciences dips over 7% on heavy volumes
The company has fixed April 02 as the record date for purpose of buyback offer.
Sensex up 40 points; BSE Mid-cap up 1%
Among broader markets, BSE mid-cap index surged 1% in morning deals while small-cap is up 0.7% against Sensex's 0.1% upmove
 "Sensex up 40 points; BSE Mid-cap up 1%")
Firm start for market post March F&O expiry
Markets surged tracking positive global cues and rising rupee
 "Firm start for market post March F&O expiry")
Dr Reddy's gain on launch of generic cholesterol-lowering drug in US
Caduet tablets brand and generics had US sales of around $163 million for the most recent twelve months ending in January 2014, according to IMS Health sales data.
CNX PSU Bank Index surges over 6% in two days
SBI, Union Bank of India, Canara Bank, Oriental Bank, Bank of India, Bank of Baroda and PNB are up 3-6% on the NSE.
 "CNX PSU Bank Index surges over 6% in two days")
Pre-Market: Flat to positive start eyed
The Nifty Futures at the Singapore Exchange (SGX Nifty) are trading 18 points higher at 6713 levels, indicating a positive start on Friday
MCX summons board on escrow proposal
Meant to obviate FTIL-like complications in the future; any equity holder declared unfit to have shares will have these put into the proposed account
 "MCX summons board on escrow proposal")
F&O EXPIRY: More stock than Nifty futures rolled over
Trading activity likely to be concentrated in specific shares than broader indices
MF investors bypass distributors
After institutional investors, HNIs also likely to follow
 "MF investors bypass distributors")
Cummins India: Growth engines in place
Additional capacities with enhanced technology will help tap domestic demand after new pollution norms kick in
 "Cummins India: Growth engines in place")
How to set a stop-loss for your trades
One of the conveniences of technical analysis is that the methods are scale-invariant across large time ranges
Splitting stock pays rich dividends
Of the 44 companies that split the face value of their stock since September 2013, the stocks of 16 saw gains of 50-300 per cent each
 "Splitting stock pays rich dividends")