Page 4431 - Markets News
Rail stocks extend fall on disappointing Railway Budget
Titagarh Wagons, Texmaco Rail, Kalindee Rail, Kernex Microsystems and Hind Rectifiers are down 5-7% on BSE.
 "Rail stocks extend fall on disappointing Railway Budget")
Markets extend losses on weak Asian cues; Nifty around 6,050
Drug major Cipla down by almost 6% due to dismal third quarter earnings performance
 "Markets extend losses on weak Asian cues; Nifty around 6,050")
Cipla dips on disappointing Q3 results
EBITDA margins for the quarter were down 660 basis points to 18% due to exposure to lower margin anti-retroviral segment, higher employee costs and other expenses.
FIIs stock up on Indian equities in December quarter
Raise stakes in Power Grid, L&T, YES Bank, HDIL and Zee Entertainment
 "FIIs stock up on Indian equities in December quarter")
ITI surges as government approves revival plan
The stock has rallied 11% to Rs 17 on back of heavy volumes after the government approved Rs 4,157 crore plan.
Eicher Motors gains post Q4 results
The board has recommended 300% or Rs 30 per share dividend for the year ended December 2013.
Pre-market: Stock specific action seen in early trades
Markets are likely to open flat with stock specific action seen in early trades with focus on earnings
 "Pre-market: Stock specific action seen in early trades")
Aurobindo Pharma: Robust outlook on good US prospects
Street will keep an eye out for the performance of European business given recent acquisition there
 "Aurobindo Pharma: Robust outlook on good US prospects")
Tata Steel: Q3 operationally good but with some negative surprises
Analysts do not see a major increase in volumes, considering that India's steel demand is growing at about one per cent
 "Tata Steel: Q3 operationally good but with some negative surprises")
Bank strike pulls mkt volumes down 50%
Brokers pay out of own pocket to meet settlement, MF allocations too hit
 "Bank strike pulls mkt volumes down 50%")
NSEL scam: Squaring with a favoured few
Audit record shows some chosen investors got paid from settlement fund soon after trade was suspended; facts on sums moved out differ from what was said then
 "NSEL scam: Squaring with a favoured few")
BPCL: Q3 a blip on higher under-recoveries
With the govt likely to compensate OMCs for under-recoveries for the fiscal, its prospects remain strong led by its E&P base
 "BPCL: Q3 a blip on higher under-recoveries")
Listless Rail Budget pushes railway shares off track
Shares of Titagarh Wagons, Kalindee Rail Nirman, and Hind Rectifiers shed up to 10% during the day
 "Listless Rail Budget pushes railway shares off track")
Sebi may make seed capital must for MFs
Slew of corporate governance measures on independent directors, succession planning expected at today's meet
 "Sebi may make seed capital must for MFs")
RBI allows FIIs to purchase shares in Pantaloon Retail
Foreign share holding by FIIs in Future Retail has gone below the prescribed threshold limit
 "RBI allows FIIs to purchase shares in Pantaloon Retail")
Third straight year of net outflows from India-focussed overseas funds and ETFs in 2013
2013 net outflows 2.6 times that of 2012
Tata Steel shares tank 4% as Q3 profit lags market estimates
Tata Steel yesterday posted a consolidated net profit of Rs 503.24 crore for the October-December quarter
 "Tata Steel shares tank 4% as Q3 profit lags market estimates")
Sebi to consider new corporate governance code tomorrow
The new corporate governance code would require listed companies to justify high executive salaries
 "Sebi to consider new corporate governance code tomorrow")