Shares

Sensex closes in red despite IIP surprise

Mumbai: Key equity benchmarks ended trade directionless on Wednesday, despite a better-than-expected October IIP number. The Sensex closed the session down 31.88 points or 0.16 per cent at 19355.26, while the Nifty ended 18.00 points or 0.31 per cent down at 5880.80. Aided by smart recovery in manufacturing growth, factory output grew 8.2 per cent in October compared with the 5 per cent contraction recorded in the same month last...  

Three theories that seek to explain the Apple downturn

San Francisco: This holiday season is shaping up to be a record-breaking period for Apple as shoppers snap up iPhones and iPads. So, why is the world's most valuable company losing its lustre with investors? Apple began selling the iPhone 5 on September 21, the same day the company's stock hit an all-time peak of $705.07 per share. Since then, the stock has plunged nearly 25 per cent, trimming the...  

Apple falls below $500 billion as shares keep tumbling

New York: Apple's market capitalisation fell below $500 billion on Thursday as shares of the world's most valuable listed company continued to slide after suffering their worst one-day decline in nearly four years. Shares of Apple fell to as low as $518.63 on Thursday, declining nearly 10 per cent for the week. But for the year, the stock is still up more than 30 per cent. At its peak in...  

Sensex shrugs off UPA's FDI win, closes in red

Mumbai: Equity benchmarks BSE Sensex and Nifty were trading in the red after the vote on Foreign Direct Investment or FDI in multi-brand retail in Rajya Sabha on Friday. The UPA government won the vote on FDI by getting 116 votes in its favour. While the UPA got the support of 116 MPs, 95 MPs voted against it and one abstained from voting. Despite the current lacklustre mood, optimish abound....  

BSP support to FDI lifts Sensex, closes 95 pts up

Mumbai: In volatile trade, the BSE benchmark Sensex on Thursday wiped out early losses to close with a 95-point gain on late buying amid BSP throwing its weight behind the UPA government on FDI issue in Rajya Sabha. After dipping to 19,186.24 intra-day on profit-booking, the Sensex rebounded to end higher by 94.94 points, or 0.49 per cent to 19,486.80 on good buying support in Tata Motors, Sterlite, Bajaj Auto,...  

Apple shares tumble, register biggest fall in four years

New York: Apple shares tumbled more than 6 per cent on Wednesday, chalking up their biggest single-day loss in four years as fears grow about intensifying competition in the mobile device market. The sell-off, fuelled by a forecast by an influential research firm that the iPad maker is continuing to cede ground to rival Google Inc Android gadgets, rounded off a bleak 10 weeks for the most valuable US company....  

Sensex closes 44 points higher; RIL gains 0.87 pc

Mumbai: The BSE benchmark Sensex on Wednesday closed 44 points higher on buying support on optimism that the government would succeed in getting Parliament approval to its decision to allow foreign investment in retail. Led by Reliance Industries, the Sensex settled the day at 19,391.86, higher by 43.74 points, or 0.23 per cent. The broad-based National Stock Exchange index Nifty regained a crucial 5,900 level by rising 11,25 points, or...  

Sensex rises 43 pts; Tata Power, RIL lead gainers

Mumbai: The BSE benchmark Sensex on Tuesday closed 43 points higher on the back of buying in Tata Power, RIL and SBI amid a firming European trend. The Sensex, which moved between 19,373.94 and 19,263.71, closed higher by 42.80 points, or 0.22 per cent to 19,348.12. The broad-based National Stock Exchange index Nifty edged up by 18.30 points, or 0.31 per cent to 5,889.25. Brokers said investors bought RIL shares...  

Bharti Infratel to raise up to $825 million in IPO

New Delhi/Mumbai: Bharti Infratel Ltd, the telecommunications tower unit of top phone carrier Bharti Airtel Ltd, is set to raise up to $825 million next month in what would be the country's biggest initial share offering in two years. Bharti Infratel, which will sell shares at a discount to global peers, is one of several Indian firms due to sell shares by the end of the year, tapping a revival...  

Facebook, Zynga renew partnership; Zynga shares slide

New York: Zynga shares tumbled nearly 13 per cent in after-hours trading Thursday after the online game company and Facebook disclosed that they changed their relationship status to become less attached to each other. Zynga said in a regulatory filing Thursday that it will no longer have to display Facebook ads or use Facebook payments on its own properties - such as Zynga.com. In addition Zynga will no longer be...  

Sensex ends above 19,100; highest since April 2011

Mumbai: The BSE Sensex surged on Thursday to close at its highest in 19 months after the government agreed to a vote in parliament on allowing foreign entry in multi-brand retail, raising hopes that key reforms will pass through. Shares were further boosted after Goldman Sachs upgraded Indian stocks to 'overweight' from 'market-weight', citing growth recovery and inflation moderation ahead. The investment bank pegged the December 2013 Nifty target at...  

Facebook shares jump to 4-month high to over 8 per cent

Houston: Shares of social networking giant Facebook jumped by more than 8 per cent to close at nearly $26 per share on Monday - the highest price the stock has seen since the summer - on news of multiple analyst upgrades. Facebook shares rose $1.94 to close at $25.94 per share. The movement marks the latest potential for Facebook to emerge as a steady-growing business in the wake of a...  

Sensex ends 305 points up; Bharti, Hindalco, HDFC gain

Mumbai: The Sensex posted its biggest daily gain in more than two months as investor sentiment turned positive on growing hopes the government would push through reforms to stimulate growth and avoid a ratings downgrade. Expectations for higher returns in December also boosted sentiment for shares. The market also tracked global peers, which rose on new debt targets for Greece and a political agreement on disbursing the next instalment of...  

GlaxoSmithKline to invest Rs 5,220 cr in India subsidiary

Mumbai: GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint. The deals are the latest of several by GSK, which is reducing its reliance on traditional prescription drug markets in Western economies where sales are slowing. GSK said on Monday it will buy up to an...  

Sensex ends 30 points up; Wipro, Bharti gain 2 pc

Mumabi: It was a quiet day for the Indian equity. The Nifty held above 5600 led by IT, metal and FMCG stocks. The Sensex closed up 30.44 points or 0.16 per cent at 18537.01, and the Nifty was up 4.30 points or 0.08 per cent at 5630.90. About 1576 shares advanced, 1183 shares declined, and 706 shares remained unchanged. The broader market outperformed the benchmark indices. The BSE midcap and...  

BlackBerry maker Research In Motion's shares climb nearly 14 per cent

Toronto: Shares of Research in Motion Ltd. jumped nearly 14 per cent Friday as investors seemingly grew more optimistic about a February launch of the Canadian company's much-delayed BlackBerry 10 smartphones. RIM will release the latest version of its smartphone "not too long" after a January 30 launch event, Kristian Tear, the company's chief operating officer, has said. The new phones are seen as critical to RIM's survival as the...  

Facebook director Andreessen sells $54 mn in shares to cover taxes

San Francisco: Facebook Inc board member Marc Andreessen sold roughly $54 million worth of shares in the social networking company on Monday to cover taxes he owes on his holdings. Andreessen's sales are among the latest transactions by Facebook insiders as trading restrictions have expired following the company's May initial public offering. Donald Graham, chairman and CEO of the Washington Post Co, who is a director at Facebook, sold roughly...  

Sensex ends flat; M&M, HDFC rally, JP Associates loses

Mumbai: Indian equities closed flat after hovering around their previous closing values in the second half of trade on Tuesday. Although the market has been in a consolidation mode, it has been breaking the range at lower end first it broke the 5700 level on November 9 on closing basis and then 5600 level on November 16. The 30-share BSE Sensex gained more than 100 points in early trade today...  

Sensex tumbles 162 points to two-month lows

Mumbai: Falling for the sixth straight day on Friday, the Bombay Stock Exchange benchmark Sensex tumbled 162 points to end at nearly two-month low on late selling in realty, banks and auto shares as the RBI dashed hopes of an early rate cut saying inflation is still "quite high". Weak trends in global markets on Eurozone debt worries and the rupee trading above 55-levels against the dollar also hit the...  

Facebook stock jumps as as lock-up period expires

San Francisco: Shares of Facebook Inc jumped as much as 11.2 per cent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May. Facebook shares were up 8.8 per cent at $21.60 in heavy mid-day trading on the Nasdaq, off an earlier high at $22.09. "While the lockup is expiring, there...