Markets regulator Sebi on Thursday said it will auction properties of two companies — Sumangal Industries and GSHP Realtech Ltd — on August 25, to recover money that was illegally raised from investors. A total of eight properties of these two firms will be auctioned for a reserve price totalling Rs 9.8 crore, according to …
Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors Infosys and TCS emerging as the biggest gainers amid a positive momentum in equities. Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent. The market valuation of Infosys jumped Rs 28,170.02 …
Strong profit of Rs 29 bn (c9% q-o-q) in Q1 driven by record marketing Ebitda of Rs 24 bn had little meaning as supply disruption in the current quarter puts future earnings at risk. Company indicated that its LNG cargoes from Gazprom Marketing and Trading Singapore (2.5mmtpa contract) have been disrupted since June and will …
BSE Sensex and NSE Nifty 50 likely to jump on Thursday, a day of weekly F&O expiry, following the better-than-expected US inflation data. SGX Nifty 50 Index Futures for August were trading at 17,747, up 200.50 points or 1.14 per cent up on Singaporean Exchange in early trade. Asian peers were also seen trading higher …
Mandi prices of onion, garlic and tomato have witnessed a sharp decline compared to last year as supplies improved on the back of more than adequate monsoon rains in key producer states of Maharashtra, Karnataka, Andhra Pradesh and Madhya Pradesh. Traders say that prices of these key agricultural commodities are expected to remain depressed in …
Reliance Industries share price fell more than half a per cent intraday Monday dragging Nifty, Sensex deep in red, down around 1 per cent in Morning trade. Initially, RIL share price rose 0.26 per cent despite S&P BSE Sensex falling more than 400 points or 0.50% to give up 59,250; and NSE Nifty 50 index declining …
Sensex and Nifty have soared 14% from June lows as Foreign Institutional Investors (FII) returned to Dalal Street and inflation seemed to be cooling down. On Tuesday, Sensex and Nifty were dancing between gains and losses as bulls and bears engaged in a tug-of-war after the recent run-up. It may be prudent to stick with …
Indus Towers share price continued downward movement on Thursday after the company announced weak earnings for the quarter ended June on Tuesday. Consolidated net profit tanked 66% on-year to Rs 477 crore in the quarter as topline grew merely 1% to Rs 6,897 crore and operating profit shrank 34 to Rs 2,322 crore. In the …
Share prices of SBI Life Insurance surged to an intraday high of Rs 1,334.70 during early morning deals on the NSE on Friday. The stock also hit a new 52-week high before paring the gains due to profit booking. On the NSE, the stock opened at Rs 1,320, against the previous close of Rs 1,324.20. …
By Ashley Coutinho This could be a good time for mutual fund investors to look at medium-term debt funds, given the 50-basis-points rate hike by the RBI on Friday. “Yields are peaking and for buy-and-hold investors this can be a good time to lock into medium-term products with around four-five-year tenure. Target maturity funds with …