Stock Exchange

Tata Communications to delist from NYSE

Tata Communications Ltd said on Wednesday it will delist from the New York Stock Exchange and terminate its American Depositary Receipts (ADR) programme. "Our decision to delist, deregister and terminate our ADR program was the result of several factors, including the fact that our ADR program had not developed the trading volumes we had initially hoped when we listed," Chief Executive Vinod Kumar said in a statement.

Kumar said a rule set by the Indian market regulator for listed companies to have a minimum 25 per cent public shareholding, excluding ADRs, was also a "crucial factor" in the decision.

Money-losing Tata Communications, one of the world's biggest undersea cable network operators, is a former Indian state monopoly, now controlled by the salt-to-software Tata conglomerate.

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Sensex plunges as dollar firms up; ITC leads FMCG slide

Mumbai: Key equity benchmarks plunged 2 per cent on Monday, the biggest single day fall in more than a year, with brokers attributing the crash to profit taking after the recent run up. Signs of a recovery in the US economy also made investors jittery as they feel a portion of global liquidity flows could ease as the Federal Reserve starts tightening its monetary policy. The BSE Sensex closed at...  

Sensex closes 120 points down; banks, realty stocks take a breather

Mumbai: Key equity benchmarks closed in red on the first day of the new derivatives expiry.Indices have gained over 6 per cent in the last fortnight and seems like traders have lightened their positions in the realty and banking stocks ahead of the monetary policy review on May 3. IT stocks were biggest laggards this week. The Sensex closed at 19286.72 down 120 points and the Nifty ended at 5871.45...  

Sensex up 153 points to one-month high

Mumbai: The BSE benchmark Sensex on Monday climbed 153 points to close at one-month high level of 19,170 on funds buying in financial and interest sensitive stocks as slowing inflation and lower commodity prices raised hopes of a rate cut by RBI, amid a firming global trend. The Sensex rose 153.37 points, or 0.81 per cent, to close at 19,169.83, a level matching with March 18, led by buying in...  

Sebi allows Coimbatore Stock Exchange to exit from business

Mumbai: Capital market regulator Sebi has allowed Coimbatore Stock Exchange (CSX) to exit equity trading business. Securities and Exchange Board of India (Sebi) said that CSX has substantially complied with the conditions for its exit as per the regulator's framework and therefore "is a fit case to allow exit". According to an order issued on Wednesday, Sebi said CSX complied with the regulator's exit guidelines and made payment of necessary...  

Sensex tops 19,000; Ambani bros' deal lifts ADAG stocks

Shares rallied on Tuesday after a sedate start, with investors appearing to have regained their appetite for midcap stocks. The BSE Sensex finished above the psychological 19,000-mark, up 176 points over its previous close. The Nifty rose 43 points to close at 5748. ...  

Sensex ends marginally higher, shrugs off weak manufacturing data

Equity benchmarks ended marginally higher on Monday even as macro indicators showed that the economy is yet to turn. The Sensex rose 29 points to close at 18865 and the Nifty gained 22 points to close at 5704. Mid and small cap shares were the star performers of the day. ...  

1993 Mumbai blasts: SC verdict won't heal our wounds, say victims

A battered Bombay Stock Exchange was one of the most evocative images of the 1993 bomb blasts. Twenty years on, on the day of the verdict on Thursday, it was business at the stock exchange as usual. But for some, the wounds have still not healed. Kirti Ajmera, a stockbroker who underwent nearly 40 surgeries after being grievously injured in the blasts, says the Supreme Court's verdict has not brought...  

Sensex down 81 points as IIP, inflation numbers dim rate cut hopes

The BSE benchmark Sensex on Tuesday fell by 81.29 points to end at 19,564.92 on selling in consumer durables, realty and banking shares as higher-than-expected IIP data combined with rising retail inflation tempered hopes of an interest rate cut by RBI next week. After a firm start at 19,697.84, the S&P BSE 30-share Sensex tumbled by 81.29 points, or 0.41 per cent to 19,564.92. ...  

Sensex, Nifty end at 2013 lows

Key equity benchmarks ended trade in the red however off the day's low. The BSE Sensex closed down 61.97 points at 19435.21 after touching an intraday low of 19,381.82. ...  

Tech glitch at NSE, Bank of India shares tumble

Shares in Bank of India make a sharp fall before quickly recovering in what some traders describe as a "freak" trade. Trading at 336.65 rupees, down 1.2 per cent, Bank of India shares suddenly fell to 314 rupees, down 7.8 percent on the day, at around 12:20 p.m IST. The shares, however, recover to 337.35. ...  

Sensex ends below 20,000; realty firms melt amid midcap carnage

Investors dumped shares of mid and small cap companies amid a sell-off that intensified in realty firm HDIL. Dealers attributed the panic to a mix of negative news and disappointing quarterly numbers, causing investors to question the rich valuations most stocks are enjoying. ...  

Sensex scales fresh two-year high led by RIL

The BSE benchmark Sensex on Monday rose to fresh two-year high of 20,101.82 points gaining 63 points on goody buying, particularly in Reliance Industries Ltd (RIL) shares, triggered by strong quarterly earnings by corporates. Extending gains for the third straight day, the Sensex settled at 62.78 points, or 0.31 per cent, up at 20,101.82, which si its highest level since January 6, 2011. In the previous two days it had...  

Sensex edges up to new 2-year high; oil stocks gain

The BSE Sensex edged higher on Friday to touch two-year high as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013. ...  

Sensex ends at a higher note, Nifty above 6000

The BSE Sensex edged higher on Thursday for a third consecutive session of gains, closing at 19764.78, as technology stocks, such as Infosys, advanced on expectations for better-than-expected quarterly earnings results. ...  

Indian bourses perform better than global peers in 2012

Amid turbulent times for the stock markets across the world, the equity turnover fell on Indian bourses as well in 2012, but the fall was meagre at 1.57 per cent when compared to the global average. Globally, the equity turnover fell sharply by 14.7 per cent, while the fall was nearly 8 per cent for the bourses in Asia Pacific region as well. ...  

Bharti Infratel shares fall over 10 per cent in debut

Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 per cent in its trading debut after raising about $760 million in India's biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators. The IPO, priced near the lower end of an indicative price range, struggled to find interest from retail investors and was supported mostly by foreign institutional investors. But analysts are...  

BSE Sensex up, tech stocks lead gains

The BSE Sensex is up 0.25 per cent and the Nifty gains 0.17 per cent higher, tracking steady Asian markets. Export-driven technology shares leading gains on the back of short covering as recent underperformance was seen overdone. ...  

Sensex ends 13 points up; Tata Motors, techs gain

The BSE Sensex provisionally rose on Monday led by gains in Tata Motors that extended its recent rally on hopes of improved sales at its key unit Jaguar Land Rover and as short-covering helped gains in technology shares such as Infosys. ...  

ICE to buy New York Stock Exchange Euronext for $8.2 bn

In October, Jeff Sprecher, chief executive of upstart IntercontinentalExchange, approached NYSE Euronext CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London. As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion deal announced on Thursday. ...