Telecom stocks fell after Mukesh Ambani extended Reliance Jio’s free offers till March 2017. In a volatile trade, benchmark indices pared gains to settle on a lower note after initial rally dragged by telecom, banking and metal indices. India’s GDP, announced yesterday, grew lower than expected in the September quarter at 7.3% also affected the sentiment. Swinging between gains and losses, Sensex rose as much as 143 points during intra-trade before falling over 100 points while ... Rediff.com, 2 months ago
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The State-owned Oil and Natural Gas Corporation may acquire India's third-biggest fuel retailer HPCL in an approximately 44,000 crore (USD 6.6 billion) deal as part of the government's plan to create an integrated oil giant. Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd. This will have to be ...Rediff.com, 18 hours ago
Side indices raced ahead with BSE Midcap and BSE Smallcap advancing 0.4% and 0.3% up, respectively. The benchmark indices on Thursday settled higher thanks to gains in index heavyweight stocks such as ITC, Tata Motors and Infosys even as Asian markets ended lower after Fed Chair Janet Yellen signalled at future rate hikes in US. The S&P BSE Sensex closed at 27,308, up 51 points, while the broader Nifty50 ended at 8,435, up 18 points. Side indices raced ahead with BSE Midcap and BSE ...Rediff.com, 1 month ago Sensex ends 183 points higher as investors await Fed outcome Rediff.com, 2 months ago
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks Benchmark indices pared all losses to settle on a higher note in today’s session after two sessions of fall ahead of RBI policy meet. Polls suggesting RBI may cut the rate by 25 bps affected the sentiment. Globally, the sentiment was affected after Italian PM Matteo Renzi resigned following heavy defeat on constitutional referendum, raising political uncertainty ...Rediff.com, 2 months ago
HSBC maintained overweight rating on Indian equities, saying fundamentals are strong Benchmark indices extended gains and ended firm for four straight trading sessions supported by strong global cues on upbeat US growth news while buying among rate-sensitive sectors also aided the rally. The S&P BSE Sensex settled the day at 26,653, up 259 points, while the broader Nity50 closed at 8,225, up 82 points. Broader markets performed well in tandem with the benchmark indices. BSE Mid-Cap index ...Rediff.com, 2 months ago
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