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MindTree was down 2.05% or Rs 7.80 to end at Rs 372.40 on the BSE. It touched an intraday high of Rs 381 and an intraday low of Rs 364.50. The total traded volumes were of 147,428 shares. The share lost 28.38% in three months.
Index heavyweight Reliance Industries has outperformed markets in last 1 month. The stock is up 13% in last 1 month compared to benchmark index Nifty return of 1.4%. The refining market dynamics are expected to be favorable at least for the next few months. Singapore Complex is currently at USD 9.5/bbl compared to Q3 average of USD 5.5/bbl.
Indian equity benchmarks fell around 1.5% on Tuesday, but were still among the least affected markets on a day when there was panic selling across. News of an unfolding nuclear disaster in Japan sparked a sell-off all the way from Asia to Europe, with experts saying the slide was more sentiment-led rather than genuine selling.
International Airlines Group (IAG), formed by the merger of British Airways and Iberia, may consider investing in Indian carriers if foreign investment rules are relaxed, its chief executive said on Tuesday.
India gold edged lower on Tuesday afternoon following weak overseas leads, though a weaker rupee kept the lid on prices, with traders awaiting bigger falls to stock up for wedding season, analysts said.
World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10% fall in Japanese stocks, hurting risky assets across the board.
Motilal Oswal has come out with a report on Non-ferrous metal stocks. Stocks tracked by Motilal Oswal are Sterlite Industries, Hindalco, Hindustan Zinc and Nalco.
Indian banks could see profits under pressure in the first half of FY12 but lower government borrowing, rising consumer demand and expectations that interest rates will ease could boost earnings in the second half.
In response to a direction by the Ministry of Environment and Forest (MOEF) to halt work on its cement plant at Bhavnagar district in Gujarat, Nirma Ltd has said that the orders had no binding on the company and termed it as completely "illegal".
Companies in the technology supply chain, especially those serving the consumer electronics industry, may be hurt by the earthquake and tsunami in Japan, Ticonderoga Securities said.
Motilal Oswal has come out with a report on Mid-cap steel companies. Stocks tracked by Motilal Oswal are Bhushan Steel, Adhunik Metaliks, Godawari Power & Ispat, Jai Balaji Industries, Monnet Ispat, Prakash Industries, Sarda Energy & Minerals and Tata Sponge Iron.
Industrial raw materials fell across the board on Tuesday, with crude oil down by around 2%, as risk aversion gripped financial markets after Japan warned of higher radioactive levels following fresh explosions at an earthquake-stricken nuclear plant.
Indian equities slipped further again with the Sensex falling about 250 points following more cuts in European markets and US index futures, which indicating weak opening in US markets today.
Industrial raw materials fell across the board on Tuesday, with crude oil down by around 2%, as risk aversion gripped financial markets after Japan warned of higher radioactive levels following fresh explosions at an earthquake-stricken nuclear plant.
Rural Electrification Corporation (REC) touched an intraday high of Rs 226 and an intraday low of Rs 216.65. At 14:58 hrs the share was quoting at Rs 217, down Rs 11.40, or 4.99% on the NSE. CBI raided company's MD and Chairman, Jairaj Phatak's House in connection with Adarsh Hsg scam, reports CNBC-TV18.
Motilal Oswal has come out with a report on ferrous large-cap stocks. Top picks are Tata Steel, JSW Steel and Sesa Goa.
Indian Oil Corp (IOC) will import 4.2% more crude oil in term deals for the next fiscal starting April than a year ago, two sources familiar with the plan said, to feed its expanded capacity.
Japan's nuclear crisis escalated today as two more blasts and a fire rocked a quake-stricken atomic power plant, sending radiation up to dangerous levels.
Motilal Oswal has come out with a report on metal sector. The top picks in metals sector are Tata Steel and JSW Steel.
The Union Cabinet today approved Constitution Amendment Bill to pave the way for implementation of Goods and Services Tax, a new indirect tax regime that will subsume various levies such as excise and service tax.
Bharat Heavy Electricals in its meeting held on March 15, 2011 has declared interim dividend at 132.5% i.e Rs 13.25 per share for FY-2010-11.
The 50-share NSE Nifty cut down its losses by more than 100 points and was inching towards the 5500 level at 13:56 hours today after priced in the news of third explosion at Fukushima power plant in north of Tokyo.
MindTree touched an intraday high of Rs 380 and an intraday low of Rs 361.10. At 14:04 hrs the share was quoting at Rs 377.50, down Rs 4.35, or 1.14% on the NSE. Nalanda Capital may exit part or whole stake in MindTree, quoting Sources, reports CNBC-TV18.
RBI releases Report of the Working Group on Operating Procedure of Monetary Policy
The income tax department has slapped show cause and demand notices to the tune of of Rs 122 crore to former Congress MP Y S Jaganmohan Reddy-owned Jagathi Publications (JPPL) for alleged mismatching amounts reported in company records
