Page 5037 - Markets News
Railway Budget: Market calm
STOCK REPORT
Markets remain firm led by oil & gas shares
Sensex and the Nifty reached an intra-day low of 19,582 levels and 5,914 mark, respectively
 "Markets remain firm led by oil & gas shares")
Adani Power rises on promoter stake buy
Vinod Adani has acquired 7.5 million shares representing 0.31% stake for Rs 33.75 crore via market purchase.
Nifty could give returns of 10-12% in FY14: Gaurav Dua
However, from a near-term perspective, Gaurav Dua, head of research at Sharekhan believes that the Nifty is likely to consolidate between 5700 to 6100
MCX hits 9-month low on heavy volumes
A combined 1.5 million shares have changed hands on the counter till 1016 hours against an average 263,000 shares that were traded daily in past two weeks on BSE and NSE.
Nifty recovers 5,900 mark on robust global data
Robust China and US data support risk-on sentiments
 "Nifty recovers 5,900 mark on robust global data")
M&M gains as workmen at Nasik plant call off strike
Operation in all shifts is expected to be normal soon. The Management expects the production loss to be made good.
Sensex surges over 100 points in opening deals
BSE Oil and gas, metal, healthcare stocks lead gains. Infosys slips 1%
 "Sensex surges over 100 points in opening deals")
RCF rises on fixing OFS floor price at premium
The floor price for offloading a 12.5% of the Centre's equity stake in RCF on Friday through offer for sale has been fixed at Rs 45 per share.
Markets open firm on US growth optimism
Broader markets positive, moving inline with benchmark indices
 "Markets open firm on US growth optimism")
Pre-Market: Cautious opening on cards
US jobs report and China trade data to be watched out for in the day.
 "Pre-Market: Cautious opening on cards")
Fund managers raise a toast as Infy performs
MFs raise bets on Infosys since January
 "Fund managers raise a toast as Infy performs")
Pressure mounts on non-ferrous metal producers
Lower LME prices have compounded the worries for Sterlite Industries and Hindalco, which are already grappling with other issues
 "Pressure mounts on non-ferrous metal producers")
NYSE Euronext's MCX stake sale fails to go through
Subdued investor demand seen as a reason
 "NYSE Euronext's MCX stake sale fails to go through")
Hopes rising for ONGC, Reliance Industries
A rise in gas prices will benefit both firms, while gradual hikes in diesel prices should lower the subsidy burden for the PSU firm
 "Hopes rising for ONGC, Reliance Industries")