Archive for the ‘Market’ Category:
Sensex rise 125 points in saturday special session
Snapping a two-day slide, Indian shares rose about 1% on Saturday in a special trading session, helped by the absence of foreign investors, which have sold heavily over the last couple of weeks. A late rebound in US equities on Friday also encouraged local traders to trim their short positions on Saturday, aiding the bounce.
FIIs sell Rs 1.55 bn equities on Feb 04
Foreign Institutional Investors (FIIs) turned net sellers in the equity segment worth Rs 1,553.8 million on both the BSE and the NSE on February 04 as per provisional data available at NSE. They bought equities worth Rs 17,300.4 million and sold equities worth Rs 18,854.2 million.
DB Realty IPO priced at low end of 468-to-486 rupee
DB Realty Ltd said on Thursday it will issue shares at the lower end of the 468-to-486 rupee ($10.11-$10.50) price band for its $325 million initial public offer.
L&T unit bond sale to be retail issue
A planned Rs 500 crore ($110 million) bond issue by a wholly-owned unit of engineering conglomerate Larsen & Toubro will be targeted
at retail investors when it is launched this month, four sources with knowledge of the matter said.
JSW Energy had Better Than Expected Debut
The $581 million initial public offering of India’s JSW Energy Ltd. Monday made a better than expected debut on the bourses and closed at a slight premium to its offer price of 100 rupees ($2.1), suggesting sustained investor appetite for infrastructure stocks.
BSE moves Sebi for listing its shares
India’s oldest exchange, the Bombay Stock Exchange (BSE), has approached the Securities and Exchange Board of India (Sebi) for listing its shares. Sources said the listing would be through an initial public offering. This will make BSE India’s first listed exchange.
Extension of market hours, Brokers for status-quo
A prominent body of Indian stock brokers today demanded both Bombay Stock Exchange and National Stock Exchange to maintain status-quo in their trading hours until adequate infrastructure is in place.
Jindal Power files papers for $1.5 billion IPO
Naveen Jindal-led Jindal Power today said it has filed draft prospectus with market regulator SEBI to raise Rs 7,200 crore through its IPOs
Jindal Power has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), today,” JPL said in a statement.
Sensex set for slower rise in 2010
The BSE Sensex is likely to extend its recent rally into 2010, underpinned by strong economic growth and an improving earnings outlook, BSE but it is unlikely to repeat 2009’s spectacular rise, a poll showed.
ONGC declares 180% interim dividend
Government-owned ONGC on Friday has approved an interim dividend payout of 180 per cent
for the financial year 2009-10. This amounts to Rs 18 per equity share, aggregating to Rs 3,850 crore, on a paid up equity capital of Rs 2,138.87 crore comprising of 213.89 crore shares of Rs 10 each.
Weekly Wrap: Sensex, Nifty drift 2% each
Bears seem to tighten their grip over the Indian bourses, which was otherwise quite lackluster. The Nifty lost nearly 4% from its 52-week high, which it rose to during the previous week. Murky economic outlook, worry of soaring food prices and possible interest rates hike continued to weigh upon the sentiment. For the week, the BSE Sensex lost 2.3% to end at 17,720 while the NSE Nifty fell 2.5% to shut shop at 4,988.
Indian stocks set for slower rise in 2010
India’s BSE stock index is likely to extend its recent rally into 2010, underpinned by strong economic growth and an improving earnings outlook, but it is unlikely to repeat 2009’s spectacular rise, a Reuters poll showed.
BSE, NSE advance market opening to 9 am
Rivalry between the two leading bourses on Wednesday came to a head with both the Bombay Stock Exchange and National Stock Exchange, announcing that they would start trading from 9 am from Friday.
JSW Energy fix issue price at Rs 100
Private sector power producer JSW Energy has fixed the issue price of its public offer at Rs 100 per share, at the lower end of its price band.
BSE down despite Dubai $10 bn bailout
Asian markets, which looked down and out for most part of the day today, suddenly sprang back to life as news that Dubai will eventually be bailed out by Abu Dhabi gained ground. Indian indices however, refused to toe the line and closed marginally in the red today. While BSE Sensex edged lower by around 20 points, NSE Nifty closed lower by around 12 points. BSE Midcap and Small cap indices also lost marginal ground, ending lower by 0.7% and 0.5% each. Amongst index heavyweights, cement and IT counters traded strong today while telecom stocks bore the brunt of profit booking.