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Nifty plunges below 6,000; Sensex slumps over 300 points on global jitters
May 23, 2013 at 12:15 | Source: Economic Times
MUMBAI: The Nifty plunged below its key support level of 6,000 on Thursday following a sell-off in Asian markets after China's May HSBC flash PMI data shrank for the first time in seven months, in addition to concerns that the U.S. Federal Reserve m...
Nifty stays below 6000 as Japanese free-fall add to worries
May 23, 2013 at 11:53 | Source: FirstPost
Japanese equity markets witnessed a meltdown with Nikkei Topix index hitting the lower circuit filter resulting in a trading halt briefly in Osaka. The Nikkei index is down nearly 1,000 points with trading volumes in the TSE's first section touching ...
China PMI spooks: Nikkei drops over 6 percent; futures trade briefly halted
May 23, 2013 at 11:41 | Source: Economic Times
TOKYO: The Osaka Securities Exchange on Thursday briefly suspended trade in Nikkei futures due to a steep drop as investors took profits following a recent sharp rally, after weak Chinese factory activity rattled investors. Tokyo share prices droppe...
Nifty falls below 6,050; Ranbaxy, DLF, BHEL down
May 23, 2013 at 11:41 | Source: Economic Times
MUMBAI: The Nifty extended losses for the fourth straight session on Thursday and slipped below 6,050 level as sentiment turned bearish in Asian markets after China's May HSBC flash PMI data shrank for the first time in seven months. US Federal Rese...
Sensex slips below 20k on US Federal Reserve comments
May 23, 2013 at 10:31 | Source: Economic Times
NEW DELHI: The S&P BSE Sensex slipped over 100 points and slipped below its crucial psychological level of 20,000 in opening trade on Thursday tracking weak global cues after Ben Bernanke, the US Federal Reserve chairman, hinted at exiting Federal R...
China HSBC flash PMI hits 7-month low, fans growth fears
May 23, 2013 at 10:31 | Source: Economic Times
BEIJING: China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering. The fl...
China May HSBC flash PMI slips to 7-month low on weak demand
May 23, 2013 at 10:12 | Source: Financial Express
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering. The flash HSBC ...
China manufacturing swings to contraction: HSBC
May 23, 2013 at 08:52 | Source: Market Watch
LOS ANGELES (MarketWatch) — China’s manufacturing activity has swung to contraction in May after months of slowing growth, according to preliminary data released Thursday from HSBC, with the results slamming stocks. HSBC said the preliminary or ...
Pre-market: Nifty seen opening lower; may test 6050 levels
May 23, 2013 at 08:45 | Source: Economic Times
NEW DELHI: The 50-share Nifty index is expected to open lower on Thursday tracking mixed Asian markets. Tracking the momentum, the index may even test its crucial psychological level of 6050 in trade today. At 07:30 a.m., Nifty India stock futures i...
Investors lap up Just Dial, IPO subscribed nearly 12 times
May 23, 2013 at 07:35 | Source: Economic Times
MUMBAI: Just Dial successfully completed its IPO on Wednesday with itsRs 950-crore issue getting subscribed nearly 12 times. VVS Mani, the promoter, who started the company with Rs 50,000 in 300 sq ft of space, and who owns 33% stake in the company i...
Just Dial IPO oversubscribed 11.63 times
May 23, 2013 at 05:22 | Source: Business Today
In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue on Wednesday. The Rs 950-crore IPO, the biggest issue so far t...
May 23, 2013 at 03:32 | Source: Calcutta Telegraph News
Mumbai, May 22: Retail investors joined the scramble to scoop up shares of Justdial Ltd, which hit the capital markets earlier this week with an initial public offering that was subscribed almost 12 times when it closed today. The retail portion was...
HSBC sells 20 lakh shares of Unitech for about Rs 6 crore
May 23, 2013 at 00:00 | Source: NDTV Profit
New Delhi: HSBC has sold 20 lakh shares of realty firm Unitech through open market transactions for about Rs 6 crore, resulting in marginal reduction in its stake. In a filing to the Bombay Stock Exchange, Unitech said HSBC Global Investment Funds ...
SunTec launches new product for banking, digital services
May 22, 2013 at 22:00 | Source: The Hindu BusinessLine
Thiruvananthapuram, May 22: SunTec Business Solutions, a niche player in ‘relationship-based pricing and billing solutions’ for banking and communication sectors, has launched its next-level product suite. Relationship-based pricing help...
May 22, 2013 at 18:57 | Source: DomainB
The initial public offer of local search engine Just Dial was subscribed 194 per cent with offers for 26.3 million share against 13.5 million shares on offer as the issue closed for subscriptions on the last day today. The company has fixed the issu...
HSBC slapped with fine of Rs 5.5 lakh for unfair trade practice
May 22, 2013 at 16:52 | Source: The Hindu BusinessLine
New Delhi, May 22: A consumer forum here has imposed a fine of Rs 5.5 lakh on banking major Hongkong and Shanghai Banking Corporation (HSBC) Ltd for unfair trade practice of keeping its customer’s already settled loan account outstanding and c...
U.K. stocks drop from 13-year high
May 22, 2013 at 15:37 | Source: Market Watch
LONDON (MarketWatch) — U.K. stocks retreated from a 13-year high on Wednesday, after minutes from the Bank of England’s latest meeting showed only a minority of members wanted to increase the bank’s asset purchases. The FTSE 100 index (FTI:UK:...
Japan stocks rally after central-bank meet
May 22, 2013 at 15:37 | Source: Market Watch
HONG KONG (MarketWatch) — Japanese stocks ended at a fresh multiyear high Wednesday after the country’s central bank raised its economic outlook, even as it left other elements of the monetary policy unchanged. Australian and Hong Kong shares re...
Rupee weakens to 55.52 in afternoon trade
May 22, 2013 at 15:37 | Source: The Hindu BusinessLine
Mumbai, May 22: The rupee weakened by 12 paise at 55.52 against the dollar in the afternoon session on Wednesday due to fresh demand for dollar from importers and banks. The domestic unit opened at 55.36 on Wednesday after closing at a 5 ½ month lo...
Just Dial IPO subscribed 1.9 times
May 22, 2013 at 15:37 | Source: The Hindu BusinessLine
Mumbai, May 22: The initial public offer of local search engine Just Dial was subscribed by 1.94 times on the last day of the issue today. The Rs 950-crore IPO, the biggest issue so far this year, received bids for over 2.63 crore shares till 1 p.m....
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
