Wednesday, November 22, 2017


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Sebi Cautions Against Illicit High-Return Schemes
Regulator Sebi today cautioned investors against putting their hard earned money in unregulated schemes floated by companies illegally raising funds with promise of exorbitant rates of return.
Rupee down 10 paise against dollar in morning trade
The rupee declined further by 10 paise to 61.83 against US currency in morning trade on sustained demand for the dollar from importers coupled with strengthening greenback overseas.
FPIs continue to invest in Indian markets
Foreign Portfolio Investors (FPIs) continued to buy into the Indian equities market in the week ended September 19, buoyed by the US Fed announcement that it will maintain interest rates to near zero.
Cipla rallies over 1% on tie-up plans UK’s S&D Pharma; top Sensex gainer
Cipla Ltd rallied as much as 1.6 per cent in trade on Tuesday, a day after the pharmaceutical firm announced commercial collaboration with UK-based S&D Pharma in the Czech Republic and Slovakia.
Sensex, Nifty hit fresh all-time highs on fund inflows
The benchmark BSE Sensex and NSE Nifty hit their new record highs by rising 204.25 points to 27,230.95 and 58.30 points to 8,145.15 respectively in early trade on Monday on emergence of heavy buying by funds and retail investors amid a firm Asian trend.
Sensex recovers over 92 points in early trade
The BSE benchmark sensex recovered by over 92 points to 27,178.80 in early trade on Friday on the back of gains in IT, teck, metal and banking sector stocks, tracking firming Asian cues.
Mutual Funds buy Rs. 6,000-cr shares in August
Improved market sentiment helped Mutual Funds to pick up shares worth close to Rs. 6,000 crore in August, making it the highest monthly inflow in more than six-and-a-half years.
Maruti Suzuki plans to raise number of models to 25
Car marker leader Maruti Suzuki India is looking at nearly doubling the number of models to 25, including entry into SUV and LCV segments, as it aims a target to sell 3 million cars annually.
Tata Motors hits fresh record high
Tata Motors has moved higher by nearly 2% at Rs. 523, also its new high on BSE, after the auto maker said it would challenge the Competition Commission of India (CCI) order that imposed huge penalty on auto companies.
Rupee ends higher in line with Asian peers
The rupee rose on Tuesday, tracking gains in other Asian currencies, although broader gains were curbed by concerns about the wider economic impact after the country's top court ruled coal blocks awarded since 1993 were illegal.
Kotak Mahindra Bank believes in long-term franchise of MCX : Paul Parambi
Private sector lender Kotak Mahindra Bank, which has decided to buy a 15 per cent stake in commodity bourse Multi Commodity Exchange from Financial Technologies Ltd (FTIL), today said it would be a long term investor in MCX and the deal will create value for the bank’s shareholders.
CAG flays govt for Rs. 667 cr ‘undue’ benefits to Essar Oil, Reliance Industries
The Comptroller and Auditor General (CAG) on Friday castigated the government’s fuel pricing policy saying it gave undue benefit of Rs. 667 crore to Essar Oil and Reliance Industries.
Infra stocks extend rally after RBI eases lending norms
Shares of infrastructure companies continue to remain in demand, surging by up to 36% in past two trading sessions after the Reserve Bank of India (RBI) eased infrastructure lending and housing loan norms.
Home Loan EMIs Set to Come Down as RBI Eases Lending Norms
In a big boost to real estate developers and property buyers, the Reserve Bank on Tuesday said long-term bonds raised by banks for infrastructure and affordable housing lending will be exempted from mandatory reserve requirements.
Inflation drops for the month of June, but weak monsoon may play spoilsport
India's inflation slowed dramatically in June, coming as a big relief for the Narendra Modi government but probably not for long, given the absence of monsoon clouds on the horizon.
Rupee down 9 paise against dollar in early trade
The rupee on Wednesday fell by 9 paise to 63.46 against the dollar in early trade at the Interbank Foreign Exchange market due to renewed dollar demand from importers and appreciation of the US currency.
Indian markets closed on Monday due to Ganesh Chaturthi
Indian stock, debt and currency markets are closed on Monday for a public holiday. Trading will resume on Tuesday. The benchmark Sensex rose 1.53 percent, or 290.30 points, to end at 19,270.06, gaining for a third consecutive session.
Rupee gains 20 paise Vs Dollar; Sensex up 126 points
The rupee on Friday strengthened further by 20 paise to 65.81 against the dollar in early trade, largely supported by recent RBI measures. Meanwhile, the BSE benchmark index Sensex rose by 126.10 points.
Microsoft buys Nokia`s devices unit in 7.2 billion bid
Beleaguered Finnish company Nokia announced on Tuesday the sale of its mobile phone unit to Microsoft for 5.44 billion euros ($7.17 billion), bringing an end to its days as a phone maker. Nokia will grant the US software giant a 10-year non-exclusive licence to its patents and will itself focus on network infrastructure and services.
Gold prices soar to all-time high of Rs. 35,074 per 10 gm
Extending its earlier rally, gold price hit fresh all-time high of Rs 35,074 per ten grams in futures trade Wednesday on heavy buying as rupee plunged to its new record low of 68.85 against the US dollar. Market participants also enlarged their positions in line with a firming trend overseas.
Battered rupee to remain under pressure against dollar over the next year : Poll
The battered rupee will remain under pressure against the US dollar over the next year as a wide current account deficit and policy inaction dissuades foreign investment into the country, a media poll showed.
Angel Broking recommends ‘avoid’ on Hindustan Copper OFS
Hindustan Copper Ltd (HCL) is the only vertically integrated copper producer in India. However, at the OFS price of Rs 70, the stock is available at valuation which are high compared to its peers, Angel Broking said in a report.
Sensex snaps three-day winning streak
The BSE Sensex fell on Tuesday, snapping a three-day winning streak as profit-taking hit recent outperformers such as Reliance Industries, while sentiment weakened due to falling trading volumes and as foreign investors resumed their net sales.
Natural Gas price doubled, may trigger price rise
Biting the bullet on a tough reform measure, the government took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
Sensex up 73 points in early trade
The BSE benchmark index Sensex on Tuesday recovered by nearly 73 points in early trade on fresh spell of buying by funds amid a mixed trend in the Asian region. The 30-share index, which had lost 233.35 points on Monday, recovered by 72.95 points, or 0.39 per cent, to 18,613.84.
Rupees 5% fall in May lifts IT stocks
India's frontline IT stocks - Infosys and Tata Consultancy Services - outperformed the broader markets on Friday tracking the sharp decline in the Indian rupee, which hit an 11-month low against the dollar at 56.60.
Rupee down 16 paise vs dollar in late morning trade
The rupee weakened by 16 paise, against the American currency in late morning deals today amid sustained demand for dollar from importers and some banks, on the back higher dollar overseas.
BSE Sensex ends flat, Nifty closes below 6000 for second day
The S&P BSE Sensex snapped a 4-day losing streak to edge higher on Friday, rebounding as Tata Steel surged after its March-quarter operating profit beat analyst estimates and as recently beaten-down blue chips such as Larsen & Toubro recovered.
Investors should use correction as buying opportunity : Dinesh Thakkar
Talking specifically about today's sell-off which was triggered by the sharp correction in Japanese markets, I think the Nikkei correction should be seen in the back-drop of a huge 40%+ rally in this calendar year alone which was fuelled by promises of huge liquidity infusions by the Bank of Japan.
Mumbai top investment destination for office properties
Central Mumbai has emerged as top investment destination for office properties with 19 percent annual return as prices are expected to rise 63 percent over five years, global realty consultant Knight Frank said on Wednesday.