Page 4372 - Markets News
Today's picks
Nifty, Bank Nifty, Apollo Tyres & BHEL
Indian markets may see 2-3 years of bull run: Birla Sun Life MF
Fund house says it is betting on cyclical stocks to garner higher returns
 "Indian markets may see 2-3 years of bull run: Birla Sun Life MF")
Sebi ask companies to follow standard format for auditor certificates
In the certificate, auditors will have to state that they have examined the proposed accounting treatment of the scheme between the two entities
 "Sebi ask companies to follow standard format for auditor certificates")
Sebi slaps Rs 42.50cr fine on 21 entities for fraudulent trade
The entities had traded fictitiously in the scrip of the firm without the intention of change of beneficial ownership
Sebi to provide greater clarity to justify quantum of fines
Decision was taken as part of efforts to streamline the interpretation of the monetary penalty provisions under securities laws
FMC likely to stop MCX to float new contracts
Forward Markets Commission will take action against the commodity exchange if it fails to comply with the shareholding order by April 30
 "FMC likely to stop MCX to float new contracts")
The markets could correct by 10% if we don't get a stable govt: Jyoti Vaswani
Interview with CIO & Director, Fund Management, Aviva Life Insurance
 "The markets could correct by 10% if we don't get a stable govt: Jyoti Vaswani")
Nifty ends at all-time high; Sensex ends flat
Capital goods, realty and power stocks led from the front while losses in oil & gas heavyweights offset the gains.
 "Nifty ends at all-time high; Sensex ends flat")
Gas price hike postponement is a short-term negative: analysts
Despite the near-term concerns, analysts expect the next government to hike prices after assuming charge in May
 "Gas price hike postponement is a short-term negative: analysts")
Provisional: Nifty breaches previous high
The 30-share BSE Sensex ended 13 points lower at 22,043 levels while 50-stock Nifty closed 5 points higher at 6,589 levels
Arvind rallies on forming Indian JV with Calvin Klein
The stock has surged 7% to Rs 157 on forming Indian JV with PVH Corp for operation of Calvin Klein business in India.
Market remains rangebound; Oil & gas stocks in focus
Oil & gas majors Reliance Industries and ONGC slumped after gas price hike was halted by the election commission (EC) until 2014 elections
 "Market remains rangebound; Oil & gas stocks in focus")
BHEL extends gain on Rs 3,000 crore NTPC order
With this order, BHEL has taken its tally of supercritical boilers of 660 MW, 700 MW and 800 MW ratings to 32 sets, cementing its leadership position in supercritical technology, it added.
Tyre stocks extend rally; Ceat, Apollo at new highs
Ceat, Goodyear India, JK Tyre, Apollo Tyres and TVS Srichakra are up 1-7% on the BSE.
Sensex hovers around 22,000; market breadth weak
The market breadth in BSE remains weak with 1,435 shares declining and 1,062 shares advancing
 "Sensex hovers around 22,000; market breadth weak")
Market remains lacklustre; RIL, ONGC top losers
Election Commission's decision to defer the notification of the new gas price until general elections is hurting RIL and ONGC
Bharti Infratel falls after block deals
About 12 million shares or 0.65% of total equity capital of Bharti Infratel have changed hands on NSE via block deals.
Capital First hits 52-week high, stock surges over 15%
Capital First is raising Rs 179 crore from an affiliate of US-based PE firm Warburg Pincus and HDFC Standard Life Insurance Company.
ONGC, RIL fall as Election Commission seeks deferment of gas price hike
ONGC has dipped 4% to Rs 308, while RIL and Oil India are down 3% each at Rs 470 and Rs 879 respectively.
 "ONGC, RIL fall as Election Commission seeks deferment of gas price hike")
Market flat to negative in opening trades
The 30-share Sensex opened 56 points lower at 21,998 levels while 50-unit Nifty was down 10 points at 6573 levels.