Stocks

KFA shares hit lower circuit after licence suspension

Mumbai: Kingfisher Airlines stock fell nearly 5 per cent on Monday to touch the lower circuit limit after its flying licence was suspended by the DGCA late last week. The scrip of the financially-troubled company was down 4.8 per cent and hit the lower circuit limit of Rs 10.90 soon after the opening trade on the BSE. Similar was the trend at the NSE, where the stock plunged 4.82 per...  

Sensex ends 111 points up; Larsen & Toubro, TCS gain

Mumbai: Mumbai: The BSE Sensex rose on Monday after strong earnings from blue chip companies such as Larsen & Toubro and Tata Consultancy Services lifted market sentiment. L&T shares rose 2.32 per cent, while TCS rose 2.26 per cent. The BSE Sensex rose 0.59 per cent or 111.13 points to close at 18793.44. Meanwhile, the 50-share Nifty advanced 0.58 per cent or 32.90 to close at 5717.15. Investors have also...  

Rupee recovers marginally against dollar

Mumbai: The rupee recovered marginally on Friday but was still trading 24 paise down at 53.65 a dollar on fresh demand for the American currency from banks and importers amid weak equity market. The rupee resumed lower at 53.70 per dollar as against the last closing level of 53.41 at the Interbank Foreign Exchange (Forex) market and dropped further to 53.80. However, it recovered marginally to 53.65 at 1040 hrs....  

Power, metal shares drag Sensex down by 110 pts

Mumbai: The BSE benchmark Sensex on Friday fell nearly 110 points on profit taking in power, metal and capital goods shares, snapping the two-day rally, amid weak global cues. The Sensex, which had gained about 215 points in last two days, opened weak and touched a low of 18,611.76 on selling in Reliance Industries (RIL), HDFC, HDFC Bank and L&T. Interest-rate sensitive stocks from auto, banking and realty also suffered...  

Kingfisher stock hits lower circuit; down by 5 pc

Mumbai: Kingfisher Airlines scrip on Thursday fell by about 5 per cent after the company's meeting with the striking employees failed to resolve the deadlock over unpaid salaries. Shares of the company opened weak and soon fell by 4.76 per cent to touch the lower circuit limit of Rs 12 on the BSE. At NSE, the scrip plunged 4.78 per cent to Rs 11.95. The management of KFA, grounded since...  

Sensex jumps 181 points to one-week high

Mumbai: Festive spirits sparked strong buying in consumer durables banks, auto and realty stocks, helping the benchmark Sensex post a robust 181-point gain on Thursday to close at one-week high of 18,791.93, tracking positive trends in global markets. The BSE benchmark index resumed in a quiet manner but gained momentum post-noon as investors pumped in fresh funds. After touching day's high of 18,806.56, the Sensex closed at 18,791.93 -- up...  

Profit-taking reduces gains, Sensex closes 33 pts up

Mumbai: After rising 127 points in early trade, the Sensex on Wednesday pared most of the gains to close the day marginally up by 33 points at 18,610.77 as investors booked profits at higher levels, amid positive global cues. Enthused by a higher closing in US markets on Tuesday, the BSE benchmark index rose to day's high of 18,705.19 in the morning. HCL Technologies' 78 per cent rise in profit...  

Sensex ends 136 pts down; metals, cap goods plunge

Mumbai: The Sensex on Tuesday surrendered initial gains to close nearly 136 points lower at three-week low of 18,577.70 on fag-end selling in Reliance Industries, L&T and Tata Motors, amid speculation of a Cabinet reshuffle. After opening higher, the index touched day's high of 18,801.10 but the BSE benchmark index started trimming gains as investors sold positions in auto stocks. Meanwhile, Prime Minister Manmohan Singh met President Pranab Mukherjee, triggering...  

Infy to register flat revenue growth this fiscal

Bangalore: Infosys Ltd projected flat revenue growth for this fiscal (2012-13) in dollar terms at $7.34 billion, projecting five per cent year-on-year (YoY) growth under the International Financial Reporting Standards (IFRS). In a regulatory filing on Friday, the IT bellwether said in rupee terms, revenue for the fiscal under review (FY 2013) would, however, be Rs.39,582 crore, which is 1.9 per cent lower YoY than it projected in July at...  

Sensex loses 130 points on low Infosys earnings

Mumbai: The Sensex on Friday dropped by nearly 130 points to close at 18,675.18 on lower-than-expected Infosys earnings and a cut in its full-year sales guidance, amid slowing industrial production growth in August. The BSE benchmark index opened nearly 78 points lower dragged down by Infosys scrip which tanked nearly 8 per cent on reports the IT major's July-September quarter revenues and profits failed to beat market expectations. Infosys posted...  

Sensex rallies 174 pts ahead of Infosys earnings, IIP data

Mumbai: Shrugging off negative sentiments, the Sensex on Thursday rallied nearly 174 points to close at 18,804.75 on all-round buying amid hopes of better-than-expected September quarter earnings from Infosys and HDFC Bank, and growth in industrial production data on Friday. Brokers said investors were also enthused by Finance Minister P Chidambaram's comment in Tokyo that there was no serious threat of downgrade of the country's credit rating by Standard and...  

Sensex extends losses on S&P warning

Mumbai: Indian equity benchmarks remained under selling pressure since early trade due to profit booking, global economic growth concerns and warning of downgrade by the Standard & Poor's. European markets were marginally down in early trade. The 30-share BSE Sensex fell -162.26 points to end at 18,631.10 and the 50-share NSE Nifty lost 52.45 points to 5,652.15. The broader markets fell almost one per cent as three shares declined for...  

Sensex ends 84 pts up amid volatility; Nifty holds 5700

Mumbai: It was largely a volatile session for the market on Tuesday. The BSE Sensex bounced back with gains of as much as 177 points following correction of 349 points in previous two sessions. But the bouts of profit booking due to Eurozone concerns and worries over fiscal deficit sent the index, in the second half of trade, closer to previous days closing value. The 30-share BSE benchmark rose 84.38...  

Sensex falls over 229 points on profit booking

Mumbai: The profit booking continued for the second consecutive session on Monday especially after the Nifty hit 5800 and Sensex touched 19000 levels last week. The fall in global markets on weak economic growth and endless Eurozone concerns also dented sentiment throughout the session. The 30-share BSE benchmark dropped 229.48 points or 1.21 per cent to close at 18,708.98, weighed down by oil & gas, capital goods, technology, banking and...  

NCP demands CBI probe into Nifty 'flash crash'

Mumbai: The NCP on Saturday demanded a CBI probe into the 900-point 'flash crash' of National Stock Exchange (NSE) index Nifty, which had halted trade on the exchange for about 15 minutes. NCP spokesperson Nawab Malik said a CBI probe was necessary to find out the "conspiracy" behind the incident. "This was a conspiracy to destabilise the economy which was looking good after the Centre's reform measures. Small investors have...  

SEBI probes Nifty 'flash crash', NSE blames Emkay Global

New Delhi: Market regulator SEBI has begun probe into the 900-point 'flash crash' of National Stock Exchange (NSE) index Nifty on Friday morning. The flash crash halted trade on the exchange for about 15 minutes. The NSE had blamed abnormal orders placed by stock broker Emkay Global for the crash and claimed there were no technical glitches in its system. In a statement issued on Friday evening, NSE said, "Stringent...  

SEBI initiates probe into 900-point Nifty 'flash crash'

Mumbai: Market regulator SEBI has begun initial probe into the 'flash crash' of NSE index Nifty, which fell by nearly 900 points on Friday morning, halting the trade on the exchange for about 15 minutes. While the National Stock Exchange (NSE) blamed "abnormal" orders placed by stock broker Emkay Global in multiple trades of various stocks at low prices for the crash, sources said that regulator is looking into all...  

Rupee near 6-month high; reform moves boost

Mumbai: The rupee rose to a near six-month high in opening trade on Friday after the government took more reform measures to attract foreign investment. India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament. Positive global risk sentiment and a stronger euro also aided gains, dealers...  

Sensex snaps winning run; trading disrupted

Mumbai: The Sensex fell on Friday, snapping a four-day rise, as profit-taking hit recent outperformers such as ICICI Bank, while investor sentiment was also hit after dozens of erroneous orders triggered a brief halt in the Nifty. ICICI Bank shares fell 1.7 per cent, while mortgage lender HDFC fell 5.08 per cent after Carlyle Group sold a 3.7 per cent stake for $841 million. The NSE was brought to a...  

Rupee at a new high as govt pushes for more reforms

Mumbai: The rupee rose to a five-and-a-half-month high on Thursday, as the government looked set to push forward with more fiscal and economic reforms, sparking a rally in stocks that is expected to attract more foreign investor inflows. The Cabinet was due to meet on Thursday to approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors. The...