News related to Markets

Just Dial IPO oversubscribed 1163 times on last day

Wed, 22 May 2013 14:52:20 GMT

In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue today.

Local search engine JustDial IPO fully subscribed

Wed, 22 May 2013 10:17:01 GMT

The initial public offer of local search engine JustDial was over-subscribed by 1.94 times on the last of issue today.

Rupee snaps initial gain down 4 paise

Wed, 22 May 2013 04:37:18 GMT

The rupee snapped its initial gains to trade down by 4 paise at 55.45 against the dollar in late morning today deals following fresh demand of dollars from importers and some banks.

Sensexnbsprises 91 points in early trade

Wed, 22 May 2013 04:32:12 GMT

The BSE benchmark Sensex today rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues.

Gold recovers from 21month lows jumps by Rs 680

Tue, 21 May 2013 10:20:44 GMT

Gold prices today jumped sharply by Rs 680 to Rs 27,050 per ten grams in the bullion market in Delhi on heavy buying by stockists and retail customers amid a sharp rebound on the global front.

Rupee up 16 paise vs dollar in early trade

Tue, 21 May 2013 04:32:07 GMT

The rupee on Tuesday strengthened by 16 paise to trade at 54.95 against the dollar at the Interbank Foreign Exchange on selling of the US currency by exporters.

Sensex closes at 1week low down 112 pts

Tue, 21 May 2013 04:24:04 GMT

Falling for the second day, the Sensex today slid by over 112 points to close at one-week low of 20,111.61, mainly due to profit booking in interest rate sensitive sectors including realty, auto and banking.

Coal India disinvestment on course despite woes

Mon, 20 May 2013 18:02:19 GMT

Despite concerns over the payment dues from power utilities including NTPC and resistance from employees within the company, the department of disinvestment (DoD) may go firm with its plans to disinvest another 10% in state-owned Coal India Limited (CIL) in the next few months. Anupama Airy reports.

Gold futures may fall past 1month low

Mon, 20 May 2013 07:01:32 GMT

Gold futures in India are likely to fall past their lowest level in a month, weighed by expectations of a strong dollar, dimming the yellow metal's appeal as an alternative investment.

Rupee down 10 paise against dollar hits 212 month low

Mon, 20 May 2013 05:03:47 GMT

The rupee weakened by 10 paise to 54.98 against the dollar on the Interbank Foreign Exchange market in early trade today.

Sensex falls from 30mth high down 62 pts on profitselling

Mon, 20 May 2013 04:32:10 GMT

Falling for first time in five sessions, Sensex today retreated from 30-month high levels by losing 62 points to close at 20,223.98 on profit booking in blue-chips like Bharti Airtel, ONGC, ICICI Bank and Cipla.

Stock markets may see consolidation SBI results soon

Sun, 19 May 2013 05:01:27 GMT

Stock markets may witness some consolidation this week after key indices closed at fresh multi-year highs and corporate earnings from SBI, Tata Steel and Larsen & Toubro will decide the course, experts said.

Rupee down 21 paise against dollar in early trade

Fri, 17 May 2013 06:02:54 GMT

The rupee today lost 21 paise to 54.98 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas.

Gold futures extend losses on global cues subdued demand

Fri, 17 May 2013 05:51:08 GMT

Gold futures prices today fell by 0.31% to Rs 26,050 per 10 grams as participants indulged in reducing exposures, largely in tandem with a global trend where the metal dipped to one-month low.

JM Financial surges after tieup with exCiti CEO Pandit

Fri, 17 May 2013 05:13:01 GMT

Shares in JM Financial Ltd rose as much as 10% at the pre-open today after the company said on Thursday former Citigroup chief executive Vikram Pandit is buying a stake in the Indian financial services company.

Sensex falls from near 212 year high consolidation seen

Fri, 17 May 2013 04:12:57 GMT

The BSE Sensex snapped a four-day winning streak today, retreating from near 2-1/2-year highs as investors booked profits in rate-sensitive stocks such as ICICI Bank, while drugmakers were hit by worries about the country's new drug pricing policy.

Buying gold may not be the best thing

Thu, 16 May 2013 16:31:16 GMT

Many Indians have rushed to buy gold following the fall in prices. But they may have to wait a long time for anticipated returns to materialise. Analysts said the yellow metal is unlikely to rise any more. Sachin Kumar reports.

Gold plunges to 1month low seen weaker

Thu, 16 May 2013 16:18:43 GMT

Gold prices fell to a one-month low today, confirming a downward journey of the yellow metal being weighed as an inflation hedge. The metal lost Rs 500 to Rs 26,800 per 10 grams as stockists sold their inventories amid weak global trends.

Rupee up by 10 paise vs dollar in early trade

Thu, 16 May 2013 05:51:37 GMT

The rupee today rose by 10 paise to 54.68 against the dollar in early trade at the Interbank Foreign Exchange today on increased selling of the US currency by exporters and banks.

Sensex at fresh 28mth high up 34 points on capital inflows

Thu, 16 May 2013 05:46:08 GMT

Rising for the third straight session, the BSE benchmark Sensex today rose by over 34 points to 20,247.33 to hit a fresh 28-month high on buying mainly in realty, oil & gas, healthcare and banking stocks, amid strong foreign capital inflows.

Gold suffers second biggest fall this year plunges by Rs 600

Wed, 15 May 2013 13:48:10 GMT

Gold today witnessed its second biggest loss this year of Rs. 600 to Rs. 27,300 per 10 grams due to reduced offtake amid weak global trend.

Sebi slaps Rs 30 lakh fine on Ford Brothers Capital

Wed, 15 May 2013 13:14:55 GMT

Market regulator Sebi has found that Ford Brothers had executed manipulative trades in shares of Nandan Exim on behalf of one of its clients, thereby violating norms related to fraudulent trade practices.

Rupee up 5 paise vs dollar in early trade

Wed, 15 May 2013 04:34:44 GMT

The rupee today rose by five paise to 54.76 against the dollar in early trade at the Interbank Foreign Exchange on selling of the US currency by exporters. The rupee had lost eight paise to close at an over 1-month low of 54.81 against the dollar yesterday.

Sensex ends on 28month high rate cut hopes brighten

Wed, 15 May 2013 04:31:13 GMT

Leading stock indices jumped 2.5% on Wednesday to take shares to 28-month highs after RBI governor D Subbarao gave a clear indication that interest rates might dip further, strengthening a spirit already buoyed by a global rally in stocks.

Rupee ends at over 1month low down 8 paise

Tue, 14 May 2013 04:30:05 GMT

The rupee today erased initial gains to close 8 paise down at over one-month low of 54.81 on fresh dollar demand from importers, ignoring the recovery in equities after WPI inflation decelerated below 5%.