Liquidity Adjustment Facility : Auction Results
The benchmark Nifty has touched the 5600-mark for the first time since June 6, supported by 40 stocks out of 50. Technology, power, metal, banking, FMCG and select auto companies' shares were leading gainers.
IIFL is bullish on YES Bank and has recommended buy rating on the stock with a target of Rs 319 in its June 29, 2011 research report.
Underwriting Auctions for Government Securities
Tata Motors touched an intraday high of Rs 1,009.90 and an intraday low of Rs 988.35. At 11:24 hrs the share was quoting at Rs 1,009.90, up Rs 25.20, or 2.56%.
The rupee strengthened on Wednesday in step with a rally in domestic equities, a strong euro and firmer Asian peers, but volume was light on caution before the outcome of Greece austerity vote.
India's biggest sugar producer Bajaj Hindustan and other sugar companies surged on the Bombay Stock Exchange today after the government allowed the shipment of five lakh tonne of the sweetener yesterday.
Bank of America Corp is close to a deal to pay USD 8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.
Although the multi-billion dollars telecom licensing scam put off investors from the sector, Idea Cellular's stock climbed 19% March, benefiting from being untainted by the scam but also fuelled by solid growth rates.
Online social game company Zynga plans to raise USD 1.5 billion to USD 2 billion in an initial public offering and could file paperwork with US regulators as soon as Wednesday, a source familiar with the situation said on Tuesday.
Orissa Minerals Development Company touched an intraday high of Rs 60,600 and an intraday low of Rs 53,800. At 10:47 hrs the share was quoting at Rs 59,498, up Rs 6,028.45, or 11.27%.
Buying in metal, financial, technology, FMCG and power companies' shares were supporting the equity benchmarks to trade higher for sixth consecutive session today.
What lays ahead for Mutual fund Industry! Financial advisor PV Subramanyam tells us how SIP investments would change the course of future for Mutual Fund industry in India.
Ruling out any rollback of the recent hike in prices of petroleum goods, Finance Minister Pranab Mukherjee today said the decision to cut duties would not impact the fiscal deficit of the Indian government.
Stocks of El Forge have spurted 20% on news that company has set June 30, 2011 as the Date for rights issue shares in the ratio of three equity shares for every two stocks held (i.e. 3:2).
Finance Minister Pranab Mukherjee today said the economy will grow by around 8.5% in the current fiscal despite the conscious decision of the Reserve Bank to sacrifice growth to contain inflation.
India supported France's Christine Lagarde as the International Monetary Fund's next leader because it wanted to be part of the consensus that was forming around her, Finance Minster Pranab Mukherjee said on Tuesday.
Oudh Sugar Mills touched an intraday high of Rs 29.50 and an intraday low of Rs 29. At 09:56 hrs the share was quoting at Rs 29, up Rs 1.30, or 4.69%.
Peter Facinelli, a co-star of TV's "Nurse Jackie" and a key actor in the "Twilight" movies, jumped on the Whitey Bulger bandwagon on Tuesday when he unveiled plans for a Hollywood film about the Boston mobster.
Actor Mel Gibson and his longtime wife have reached a deal in their two-year-old divorce case, attorneys told a Los Angeles judge on Tuesday.
Representatives of Lady Gaga on Tuesday denied claims of a scam over sales of the singer's wristbands for Japan's earthquake relief efforts.
British scientists say they have uncovered how the human brain responds to jokes -- research which could help to determine whether patients in a vegetative state can experience positive emotions.
People tend to lose a little more weight with online help than with traditional weight loss programs, a Japanese study said -- but combining the Internet with in-person contact appears to be the most effective in keeping extra kilograms at bay.
Prospects that Greece would pass an austerity package needed to avoid sovereign default improved on Tuesday when a key deputy added his support, even as street protests turned violent in Athens.
United Spirits is in talks to acquire distillery assets in Sri Lanka, Bangladesh & Mauritius, reports The Times of India. It touched an intraday high of Rs 967 and an intraday low of Rs 953.50. At 09:59 hrs the share was quoting at Rs 957.35, up Rs 2, or 0.21%.