Sensex ends flat ahead of Fed meet outcome; metals shine
Jun 19, 2013 at 19:02 | Source:
Equity benchmark indices closed volatile session on a flat note Wednesday, as investors are eagerly waiting for the outcome of two-day Federal Reserve's policy meeting that will end today. Back on the home turf, the BSE Sensex rose just 22.42 points...
BSE Sensex gains nearly 150 points; M&M surges
Jun 18, 2013 at 02:00 | Source:
MUMBAI (Reuters) - The BSE Sensex rose for a second straight session on Monday, as Mahindra & Mahindra rallied after it sealed a share-swapping deal with Spain's CIE Automotive, while lenders gained on value-buying even after the RBI kept rates o...
Sensex shrugs off RBI policy; rallies 148 ahead of Fed meet
Jun 17, 2013 at 23:27 | Source:
Equity benchmarks gained momentum in late trade Monday ahead Federal Reserve's meeting, ignoring RBI's status quo credit policy . BSE Sensex rose 147.94 points or 0.77 percent to close at 19325.87, and NSE Nifty gained 43.10 points or 0.74 percent a...
Hindalco Industries (Rs 103.7): Buy
Jun 17, 2013 at 01:17 | Source:
The Hindu BusinessLine
June 16, 2013: We recommend a buy in the stock of Hindalco Industries from a short-term perspective. It is apparent from the charts of the stock that following a short-term decline from Rs 110, the stock found base at around Rs 92 recently. Forming ...
BSE Sensex ends over 350 ahead of RBI credit policy review
Jun 16, 2013 at 07:32 | Source:
3:45 pm Fitch ups rating outlook of 10 India financial institutions to stable. The rating agency improves rating outlook of SBI , Bank of Baroda , PNB , ICICI, Canara Bank , Axis Bank , IDBI Bank among others. 3:40 pm Midcap gainers: Jet Airways and...
BSE Sensex ends over 350 points up; Hindalco, Tata Motors rally
Jun 14, 2013 at 16:31 | Source:
MUMBAI: The Nifty witnessed the best percentage gain since May 15 and closed above 200 DMA as pull-back in Asian markets boosted sentiment. The WPI inflation, which eased to 4.7 per cent against 4.89 per cent in April, raised some hopes of a rate cut...
Bear party fells Sensex by 214 to 2-month low; Sun down 3%
Jun 13, 2013 at 21:57 | Source:
Weak global cues dragged down benchmark indices further Thursday, with the benchmark indices closing at their lowest level in two months. A weak rupee and bearish outlook on the economy discouraged buyers from looking for bargains at lower levels, a...
Coalgate haunts metal stocks again
Jun 11, 2013 at 22:27 | Source:
The Hindu BusinessLine
Mumbai, June 11: Metal stocks led by Delhi-based Jindal Steel and Power tanked on Tuesday after the Central Bureau of Investigation filed a case against the company in coal allocation scam. Under the direction of the Supreme Court, CBI is investigat...
Rupee panic sinks Sensex; metals, banks, realty hammered
Jun 11, 2013 at 19:17 | Source:
Concerns about the sliding rupee spilled over to equities Tuesday, with the Sensex diving 298 points to close at a near-two month low of 19143.00. The rupee today touched a fresh low of 58.98 to the dollar intra-day, dimming prospects of a rate cut ...
Sterlite smelter can operate until at least July second week
Jun 11, 2013 at 05:30 | Source:
NEW DELHI (Reuters) - India's top copper smelter can reopen as scheduled and operate until at least the second week of July, when an expert panel will submit a report on the safety and environmental aspects of its operations, a Supreme Court judge sa...
Mahan coal output still a year away
Jun 11, 2013 at 05:11 | Source:
Production from the Mahan coal block on which the profitability of two main projects of Essar Energy and Hindalco Industries are dependent will take at least 9-12 months to start as the Stage II forest clearance is still nowhere in sight, going by s...
Sensex off lows; Bharti Airtel, GAIL, Coal India down
Jun 06, 2013 at 12:21 | Source:
MUMBAI: The S&P BSE Sensex is witnessing a weak session in line with other global peers and as rupee decline against the US dollar raised current account deficit concerns. According to analysts, the market is likely to remain choppy with negative bi...
Nifty slips below 5,900; realty, metals, power decline
Jun 06, 2013 at 10:01 | Source:
MUMBAI: The Nifty opened in the red and slipped below psychological support of 5,900 as weak rupee and profit booking in global peers hurt sentiment. All the sectoral indices were in the red with realty, metals, power and IT stocks leading the decli...
Nifty, Bank Index are now staring down, so are PNB, Hindalco
Jun 01, 2013 at 12:17 | Source:
Special to FirstpostCNX Nifty (5,983.55): Market sentiment was spooked by disappointing GDP data announced on Friday. As a result, the index dropped by over 100 points to close well below the 6,000-mark. The index was unable to clear the crucial resi...
Court allows Sterlite smelter to resume production
Jun 01, 2013 at 02:00 | Source:
NEW DELHI (Reuters) - India's largest copper smelter is likely to restart within a week, after a court on Friday gave a conditional go-ahead, ending a two-month-long shutdown that has squeezed domestic supply and boosted imports.The smelter run by St...
Sterlite gets green nod to resume Tuticorin plant but with riders
May 31, 2013 at 17:39 | Source:
New Delhi: India's largest copper smelter can restart within a week, after a court on Friday gave a conditional go-ahead, ending a two-month-long shutdown that has squeezed domestic supply and boosted imports.The smelter run by Sterlite Industries, a...
Hindalco steps up value-add play
May 29, 2013 at 10:50 | Source:
Taking a cue from its US subsidiary, Hindalco Industries, India s biggest aluminium producer, is planning to raise its high-margin value-added product (VAP) share in overall production to 57% from the current 47% in two years. VAP share was 43% in t...
Hindalco to reopen copper smelter in early June
May 29, 2013 at 00:30 | Source:
MUMBAI (Reuters) - Hindalco Industries Ltd(HALC.NS), India's No. 2 copper producer, will reopen its Birla smelter in early June after a month-long shutdown that has tightened supply of the red metal in the country, Managing Director D. Bhattacharya s...