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Market Bureau

Ahead of expiry Sun Pharma explodes: SX40 recovers intraday

Better than estimates followed by brokerages upgrade lift SUN PHARMA. Post its better than expected result yesterday SUN PHARMA exploded in trade. It made high of INR 1080.20 during the course of the day but...

No mans land : SX40 closes almost unchanged after a volatile session

Quiet day for Sx40, TATASTEEL and MCDOWELL-N shines. Following four consecutive days of selling and carnage of Thursday’s, it was day of sideways and consolidation. US markets have provided relief by recouping the losses during...

Market tumbles : Disastrous earning drags SX40 by 180 pts

In the backdrop of Global weaknesses, Banking majors added fuel for selling spree.  Indian Equity markets butchered by weak global cues from overnight (US: DJIA lost 80.41 points or 0.52 percent and closed at 15,307.20)....

Govt open to tweak aviation FDI policy : FM

Finance Minister P. Chidambaram, indicated that the government is open to tweaking its foreign direct investment policy for the aviation sector. The government had in September allowed foreign carriers to buy up to 49% stake...

‘Do not clear’ – CAG to Oil Ministry for RIL KG-D6 plan

Auditor wants ‘Unfettered access to books of accounts’ before any approval The Controller and Auditor General (CAG) has urged Oil Ministry not to approve any of Reliance Industries’ investment plans for KG—D6 gas field unless...

NIFTY may break important support today : Shreepati Finance

Mr. Nainesh Thakkar, Research Head at Shripati Holding & Finance feels Indian market may trade negative. It will test important support levels but may not hold there. His take on markets are as under: The...

Tata Motors launches special edition of Nano

To boost sales in festival season Tata Motors launches special version. Tata Motors Ltd has launched a special version of its small car Nano to boost sales in the festivals season. There would be no...

Apex court rejects petition of FTIL in NSE-MCX-SX case

In a setback to Financial Technologies India Ltd (FTIL), promoter of upcoming equity exchange MCX-SX, The Apex Court refused to allow the petition of FTIL, seeking to be made a party in the case between...

Jet Airways reconfigures 5 Boeing 777 to help buttress ASKM

Jet Airways Ltd is reconfiguring five Boeing 777 aircraft to add 34 seats in the economy section of each plane. Jet Airways has leased out five other Boeing 777 aircraft to Thai Airways. The lease...

IT Major WIPRO beats Street expectations

IT major reported a consolidated net profit of 1611 crore rupees for Q2, up 1.9%  sequentially, on the back of steady operating profit margin, and uptick in pricing. In the quarter gone by, Companies topline,...

FM guns for 3% Fiscal Deficit, Divestment & 2G auction

Finance Minister – P. Chidambaram’s take on Fiscal consolidation, Divestment, 2G auction, Inflation management, Current account deficit (CAD), key legislation such as Direct tax Code (DTC). He unveiled a five-year roadmap for fiscal consolidation. The...

— Jindal Poly to buy ExxonMobil’s Global Film ops