As per the block deal data on the BSE, 90 lakh scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip.
Societe Generale, which has been dogged for more than a year by a series of costly legal disputes, said it expects the issue to be settled within the coming weeks.
Watch the interview of Mark Keenan of Societe Generale and Peter McGuire of xm.com with Manisha Gupta on CNBC-TV18. They speaks about the current trends and the way ahead in the commodities market.
Watch the interview of Robin Bhar, Head - Metals Research at Societe Generale with Manisha Gupta, Surabhi Upadhyay, and Latha Venkatesh on CNBC-TV18 where he spoke about the fall in global metal prices and said that copper and nickel continue to be the best bet.
Watch the interview of Robin Bhar, Head Of Metals Research- Global Markets at Societe Generale with Manisha Gupta on CNBC-TV18. He spoke about the current trend in metals prices.
Watch the interview of Robin Bhar of Societe Generale with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market specifically metals.
Mark Keenan, Head of Commodities Research Asia, Societe Generale said OPEC is now back in the driving seat and will regulate oil prices.
The French investment bank holds a cautious view on British mid-caps, however, warning that the effects of Britain's decision to leave the European Union are not yet priced in.
Nickel has limited upside from current levels but zinc could see further gains of about 20 percent over the next 6-12 months feels Robin Bhar, Head of Metals Research- Global Markets at Societe Generale.
Despite the unreasonable run-up in precious metal prices, Robin Bhar of Societe Generale prefers to stay long on them considering global economic and political uncertainties.
In an interview with CNBC-TV18, Hans Redeker gave his outlook on the european market and talked about the plausible movement in the pound sterling in coming days.
Ipek Ozkardeskaya, Senior Market Analyst at London Capital Group said that the political uncertainties within UK are causing further sell-off in the British market.
In interview with CNBC-TV18, Robin Bhar gave his views on the rising gold prices and said that it can go up to USD 1400 per ounce in the medium term and does not rule out the chances of the yellow metal touching USD 1500 per ounc
In an interview to CNBC-TV18, Stear says India has done well over the last 6-12 months in terms of monetary governance relative to its emerging market peers and Rajan has aided this.
As Sebi readies to tighten its rules for controversy-ridden P-Notes, major foreign investors including JPMorgan, HSBC, UBS and Goldman Sachs have supported the proposed provisions for immediate reporting of any breach to the regulator and filing of suspicious transaction reports.
Brent crude oil won't tumble below USD 30 a barrel because of failed Doha talks, say Edward Morse, Global Head-commodities at Citi and Mark Keenan, Head of Commodity Research-Asia, Societe Generale.
Following fall in the Shanghai index earlier in today‘s trading session; Xavier Denis of Societe Generale said that there is uncertainty in China‘s policy direction which led to Chinese market getting hit.
Notably, it is a move that is strongly counter to the trend seen over the past few years, whereby metals prices have fallen mightily as the dollar has soared.
The Fed's commentary today with respect to how it wants to balance relatively strong domestic conditions in the US with volatility seen in global markets will be key, says Guy Stear of Societe Generale.
Growth for the fourth quarter is also expected to ease. This is what analysts are saying ahead of the release.
The slide in oil prices has been interpreted by the market as a negative leading indicator of global economic growth, says Xavier Denis, Global strategist, Societe Generale.
"Orange and Bharti Airtel International (Netherlands) BV have signed an agreement leading to Orange's acquisition of Airtel's operations in Burkina Faso and Sierra Leone," the company said in a statement.
Analysts at Barclays, Macquarie, Bank of America Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil forecasts this week, with Standard Chartered saying oil could fall as low as $10 per barrel
Global stocks had their worst drop in more than four years, down more than 6 percent for the week.