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Sensex up 59 points on selective buying; IT, bank stocks major gainers

Our Bureau/PTI

The Sensex and the Nifty ended the session marginally in the green on selective buying by funds... »

Nifty call

Gurumurthy K, BL Research Bureau

Nifty August Futures (7,924) The Nifty futures contract is trading strong above... »

Arvind to open 40 Gap stores in India

Franchise pact Sanjay Lalbhai (right), Chairman and Managing Director,
Arvind Ltd, and J Suresh, Managing Director and CEO, Arvind Lifestyle
Brands Ltd, at a press conference in Mumbai on Friday. PAUL NORONHA

Our Bureau

US apparel retailer Gap has tied up with Arvind Lifestyle Brands, a subsidiary of Arvind Ltd, to... »

JP Morgan MF files offer document for new equity scheme

PTI

JP Morgan Mutual Fund has filed offer documents for a new equity scheme to cash in on India’s re... »

Financial Tech gets time from SEBI to cut stake in MCX

Our Bureau

Market regulator SEBI has granted time to Financial Technologies India Ltd (FTIL) to redu... »

Stocks

Tech Mahindra spikes up over 3% on NSE

Our Bureau

IT stocks powered their way up on the bourses in late trading on Friday. At 3.40 pm Tech Mahindr... »

Stocks

Hindalco spurts over 2% on BSE

Our Bureau

Banking and IT stocks were the predominant gainers on the NSE by the close of trading on Friday. »

Stocks

SAT asks Pyramid Saimira ex-director to pay up fine by Sept 30

PTI

The Securities Appellate Tribunal (SAT) has asked a Pyramid Saimira former independent director... »

Broker's Call: MICROSEC RESEARCH

Microsec ResearchWhirlpool of India (Buy)CMP: ₹443Target: ₹580We continue to recommend Whirlpool of India a ‘Strong Buy’. Whirlpool of India is the subsidiary o... »

What to watch: Open offer to anchor Prime Focus

Shares of Prime Focus will remain in focus next week, as the open offer for public shareholders from Reliance MediaWorks begins on Monday. The acquirer plans to mop up 26 per cent (7.77 cr... »

SAT asks Pyramid Saimira ex-director to pay up fine by Sept 30

PTI

The Securities Appellate Tribunal (SAT) has asked a Pyramid Saimira former independent director to pay the balance of the penalty imposed by SEBI before September 30 so as to avail waiver of inter... »

Tech Mahindra spikes up over 3% on NSE

Our Bureau

IT stocks powered their way up on the bourses in late trading on Friday. At 3.40 pm Tech Mahindra was the top gainer on the NSE, quoting at ₹2,306.45. This represented a gain of 3.14 per cent on i... »

Modi effect: Daily average turnover of ETFs on NSE doubles in first quarter

KR Srivats

Market participants’ interest in exchange traded funds (ETFs) has increased substantially since the first quarter of this fiscal, reflecting their optimism in the Indian economy.The... »

Manappuram Finance stock at 52-week high on biz prospects

Bharani Vaitheesvaran

In the last three trading sessions, gold loan company Manappuram Finance has hit the upper circuit once and scaled three 52-week highs, buoyed by an overall improvement in business scenario and a... »

Company news

KNR Constructions has bagged an order worth ₹68.37 crore from the Project Director, KSHIP, Government of Karnataka. The order has to be executed within 24 months from the appointed date, it... »
NEWSMAKER

Metal stocks fall on royalty hike

MEERA SIVA, BL Research Bureau

Aluminium producers Sesa Sterlite and Hindalco were down over 1 per cent, reacting to higher royalty for bauxite. Metal stocks were also hurt by a slip in China’s latest PMI data which showed that... »

Nifty call

Gurumurthy K, BL Research Bureau​

Nifty August Futures (7,910) The Nifty futures contract is slowly gaining momentum, after its slight dip on Wednesday. The contract breached the psychological 7,900 level today, a... »

Punjab National Bank spikes up 3.5% on NSE

Our Bureau

Banking stocks held on to their firm undertone near the close on the NSE on Thursday. At 2.55 pm Punjab National Bank was the top gainer on the bourse, trading at ₹961.90. This represented a gain... »

Auto, banking stocks extend gains on BSE

Sensex up 46 points on selective buying

Cera Sanitaryware soars on Govt’s sanitation push

Hercules Hoists (₹174.3)

Delisting to keep Novopan in focus

SEBI clarifies on material information

Glenmark Pharma moves higher on new molecule for cancer

Sun Pharma up over 4% on NSE

Profit-taking, weak global cues pull Sensex down 106 points

Company News: Gujarat State Fertilizers & Chemicals

Gujarat State Fertilizers & Chemicals has informed the exchanges that the company’s Ammonia-IV Plant will be shut down for a period of 12 days from August 24. The company will attend to... »

Financial Tech gets time from SEBI to cut stake in MCX

Our Bureau

Market regulator SEBI has granted time to Financial Technologies India Ltd (FTIL) to reduce its stake in MCX. In a late filing with the BSE, MCX said SEBI has relaxed norms to allow FTIL to... »

JP Morgan MF files offer document for new equity scheme

PTI

JP Morgan Mutual Fund has filed offer documents for a new equity scheme to cash in on India’s renewed focus on reforms and infrastructure investments. It has filed draft documents with ma... »

Hindalco spurts over 2% on BSE

Our Bureau

Banking and IT stocks were the predominant gainers on the NSE by the close of trading on Friday. However, Hindalco Industries traded firm to emerge the top gainer by the close. At 3.25 pm it held... »

Shipping Corporation of India (₹62.4)

Yoganand D.,BL Research Bureau

Investors with a short-term horizon can buy the stock of Shipping Corporation of India at current levels. It is apparent from the stock’s chart that since the August 2013 low of ₹26, it has... »

What to watch: F&O exclusion to hit United Spirits further

Shares of United Spirits (USL) will react further on Friday, on the NSE excluding the counter from the derivatives segment. All existing contracts (August, September and October) will expire on Se... »

Broker's Call

ICICI Direct

CMP: ₹296.55Target: ₹329Cox & Kings’ (C&K) Q1FY15 revenues grew 26 per cent y-o-y to ₹738.7 crore (vs. I-direct estimate ₹657.7 crore) on account... »

RBI issues guidelines for NBFCs on lending against shares

Our Bureau

To reduce volatility in the capital market arising from non-banking finance companies (NBFCs) offloading shares pledged by borrowers who have defaulted on loans, the Reserve Bank of India&nbs... »

Axis Bank board okays Rs 6,000-cr fund-raising plan

Our Bureau

The board of directors of Axis Bank on Thursday approved issuance of long-term bonds/non-convertible debentures up to Rs 6,000 crore on a private placement basis. The bank will seek the... »

Nifty exclusion hits United Spirits, inclusion buoys Zee Entertainment

KS Badri Narayanan

The stock of United Spirits came under pressure in early trade on Thursday on exclusion from Nifty. The stock opened at 3 per cent lower at Rs 2,390 but recovered to Rs 2,419.15, still down 1.5 pe... »

Kotak Bank promoters dilute further stake

Berger Paints appoints new additional director

IRB parents revoke pledged shares

Bodal Chemicals

Company news

Snowman Logistics to open IPO on Aug 26

The Nifty call

Pharma stocks extend their gains on BSE

Telecom makes a comeback. Higher tariffs, growing number of high-end users and increase in data revenues are ringing in better times »

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