Page 4433 - Markets News
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")
Yellen spurs market to a hat trick of gains
Fed's new chairperson expressed her discomfort over an exceptionally high number of American citizens in part-time jobs and long-term unemployment
 "Yellen spurs market to a hat trick of gains")
Offshore India funds, ETFs saw $4.75 bn outflows in 2013
Year 2013 saw the third consecutive yearly outflow
 "Offshore India funds, ETFs saw $4.75 bn outflows in 2013")
Provisional: Market clocks gains for third consecutive day
Market now awaits IIP, CPI data lined up later in the day
Broader markets underperform benchmarks
BSE mic-cap and small-cap indices are more or less flat while benchmark Sensex is up 0.4%
 "Broader markets underperform benchmarks")
VST Tillers Tractors hits new high on strong Q3 results
The stock has rallied 11% to Rs 789 on reporting 67% yoy jump in net profit at Rs 22 crore for Q3FY14.