Net worth of Reliance Gas erodes by Rs 1,900 crore; port, power firms report lower profits Mukesh Ambani’s private companies, operating in the gas transport, power and port sectors, moved into the slow lane in financial year 2015-16 (FY16). This was mainly because of a slowdown in gas production in the Krishna Godavari basin, and increased provisions for redemption of preference shares and debentures. According to statistics submitted to stock exchanges, Reliance Gas Transportation ... Rediff.com, 3 days ago
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Markets gained for the fourth straight session with Nifty settling above the 8,150 levels comfortably supported by sustained buying across the board especially the index heavyweights like RIL, Infosys and HDFC. Above-normal monsoon forecast, better than expected Q4 numbers and strength in rupee bolstered the rally. The S&P BSE Sensex soared 287 points to end at 26,653 and Nifty50 surged 87 points to end at 8,157. Nifty50 closed at highest mark since Oct 29, 2015. In broader markets, ...Rediff.com, 1 month ago
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783. Markets suffered losses after likelihood of an interest rate hike by the US Federal Reserve in the month of June resurfaced. A win for the BJP in Assam failed to uplift the mood on the street as downfall in the global equities amid decline in the crude oil prices dampened sentiments. The rupee plummeted 27 paise against the US dollar to 67.24 owing to appreciation of the American ...Rediff.com, 1 month ago Sensex vaults 460 points as prospects of Fed rate hike wane Rediff.com, 1 month ago
Markets snapped three day losing spell on account of value buying in the beaten down bluechips at attractive valuations. Meanwhile, firm trend across the European peers and rise in the crude oil prices buoyed the sentiments. The S&P BSE Sensex surged 160 points to close at 25,262 and Nifty50 climbed 29 points to end at 7,736. "7,700 holds on Nifty, yet again and if the global markets support, we believe that the indices could find a short term support. "The key sector to watch though is ...Rediff.com, 1 month ago
Sensex and Nifty finished the session at 2016 closing high on sustained buying interest amid rise in crude oil prices and appreciating rupee. Meanwhile, investors are keenly awaiting policy decision from the US Federal Reserve later today and the expiry of April derivative contracts on Thursday. The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points to close at 7,980. Chandan Taparia, Derivative Analyst at Anand Rathi says “Nifty levels is ...Rediff.com, 2 months ago
Markets finished the session on a lower note with Sensex snapping the six day winning streak after investors booked profits at higher and attractive levels. Also, dismal global cues further dented sentiments. The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899. However, midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.16%. "The rally among the broader markets is likely to fizzle out as the earnings may not ...Rediff.com, 2 months ago Markets dance to monsoon tune; Global cues, macro data aid rally Rediff.com, 2 months ago
'Subsidised clean fuel is a necessity and for that, all citizens should be supportive. It is not a luxury.' 'India is vulnerable to imports on oil and gas and it needs lots of investment, from within and foreign investors.' One company that has lit up with the recent announcement on the petroleum package is Cairn India. It is hopeful the government will extend its production sharing contract. Mayank Ashar, bottom, left, managing director and chief executive officer, tells Jyoti Mukul the ...Rediff.com, 2 months ago
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each. Markets ended sharply lower on Tuesday as weak global cues took precedence over Reserve Bank of India’s rate cut by 25 bps which was in line with economists’ expectations. The S&P BSE Sensex dropped 516 points to end at 24,884 and the Nifty50 plunged 156 points to finish at 7,603. “Transmission of policy rate cuts has been disappointing. However, given that the government has cut administered ...Rediff.com, 2 months ago
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