Low gas prices and weakness in petchem margins lead to lower earnings estimates. Gail Ltd has lost a fourth of its market cap since November last year, compared to the Sensex's seven per cent gain. Declining gas prices leading to imported LNG prices becoming uncompetitive, weak outlook for petrochemical margins, increase in administered price of gas, leading to increased feed costs and off-late concerns on marketing margins and transmission charges (according to the new LNG policy for ... Rediff.com, 1 month ago
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Sensex ends 314 points lower at 27,643. Nifty slips 89 points to 8,370 levels. Benchmark indices succumbed to profit-booking on Monday after closing at five – week highs on Friday, due to selling pressure in metals, fast moving consumer goods (FMCG) and capital goods stocks. The impending derivatives expiry for May series contracts on Thursday remained a drag on the markets. At the global level, comments by the US Federal Reserve’s chair, Janet Yellen that the US central bank could ...Rediff.com, 1 day ago Markets end flat; Kotak Mahindra Bank, Vedanta surge over 6% Rediff.com, 3 weeks ago Markets gain for 5th straight session; bank shares rally Rediff.com, 1 month ago Volatile markets end flat; Sensex gains 25% in FY15 Rediff.com, 1 month ago
The 30-share Sensex ended 363 points higher at 27,687 and the 50-share Nifty gained 111 points to close at 8,374. Benchmark indices closed higher for second straight session supported by broadbased rally among the frontliners on anticipation that RBI may slash the key policy rate in the upcoming monetary policy review on June 2, 2015. Further, well-timed monsoon forecast and slowdown in foreign funds outflows has lifted the trading sentiments. Foreign institutional investors sold shares worth a ...Rediff.com, 1 week ago Sensex at six-week closing high; RIL, L&T top gainers Rediff.com, 1 month ago Markets come off day's highs; JSPL tanks 10% Rediff.com, 2 months ago
Markets finish the first session of FY15-16 on a firm note led by a strong rally in FMCG, healthcare, realty and financials stocks with Sun Pharma contributing the most to the gains ahead of record date set for the merger with Ranbaxy. However, technology stocks emerged as the only underperformers in today’s trade after HCL Technologies warned of adverse cross currency impact on the company's revenue and EBIT in Q3 March 2015 in pre-quarter earnings update. Markets will be closed on 2 ...Rediff.com, 1 month ago
Investors will keenly await for the Union Budget due to be tabled tomorrow in the Parliament. Benchmark indices ended on a robust note on Friday after Economic Survey which was tabled earlier today estimated India’s GDP growth between 8.1 and 8.5 per cent in 2015-16. Further, heavy buying by the market participants ahead of the Union Budget tomorrow lifted the trading sentiments. Shares of Tata power and L&T were up over 5% each and contributed nearly 100 points to the rise on the ...Rediff.com, 2 months ago
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