| Bombay Stock Exchange - BSE Related news |
Kotak Mahindra Bank hits new high on acquisition of ING Vysya Bank
Posted on 21st November 2014 |
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Kotak Mahindra Bank has surged 7% to Rs 1,242, extending its previous day’s 7% rally on National Stock Exchange (NSE), after the Kotak Mahindra Bank announced it was acquiring ING Vysya Bank in an all-stock deal. ING Vysya Bank shareholders will get 725 Kotak Mahindra Bank shares for every 1,000 shares they hold. |
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Yes Bank gains as RBI allows FIIs to buy shares
Posted on 21st November 2014 |
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Shares of Yes Bank is trading higher by 4% at Rs 700 on NSE after the Reserve Bank of India (RBI) said foreign institutional investors (FIIs) can buy equity shares in private lender as shareholding by foreign investors has gone below the prescribed limit. On November 20, the RBI notified that it has removed Yes Bank from its caution list as the aggregate share holdings in bank by Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPI)/Non-Resident Indians (NRI)/Persons of Indian Origin (PIO) and through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Direct Investment (FDI) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. |
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Sensex, Nifty retreat from record highs on FII sales
Posted on 20th November 2014 |
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The BSE Sensex and Nifty fell on Wednesday, retreating from record highs hit earlier in the session as investors pared positions in blue-chips such as Tata Motors after foreign investors marked their first sale of cash shares in three weeks. Foreign institutional investors sold Indian shares worth Rs 102 crore ($16.5 million) on Tuesday, marking their first sale since October 28. Overseas investors have been key drivers of the stock market rally this year, buying a net $15.47 billion worth of shares so far in 2014, according to regulatory data. |
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Nifty facing resistance above 8,450; HDFC down 1%
Posted on 18th November 2014 |
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Benchmark share indices remained rangebound after the first hour of trade as gains in Bharti Airtel and index heavweight Reliance Industries helped offset losses in IT majors and HDFC. At 10:45AM, the 30-share Sensex was up 64 points at 28,242 and the 50-share Nifty was up 12 points at 8,443. |
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BSE, NSE eye setting up small banks
Posted on 17th November 2014 |
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NEW DELHI: Bombay Stock Exchange and the National Stock Exchange are looking to set up small banks in the country once the Reserve Bank of India opens the window for applications. The move will help the two exchanges, which have cash transactions running into thousands of crores, manage some of the funds, but will come as bad news for the existing players, such as HDFC Bank, which manage this amount and benefit by way of low cost of funds. |
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SBI Q2 net up 30% at Rs 3,100 cr on robust fee, commissions, interest income
Posted on 14th November 2014 |
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SCountry's largest lender State Bank of India's net profits for the second quarter ended September 2014 expanded by 30.5% at Rs 3,100 crore on robust growth in robust income comprising fees, commissions, and good interest income. It had posted a net profit of Rs 2,375 crore in July-September 2013. |
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BHEL Q2 net down 72.5% at Rs 125 crore
Posted on 14th November 2014 |
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BHEL's Q2 net profit fell 72.5% to Rs 125 crore from Rs 456 crore in the year-ago quarter. Net sales came in at Rs 6,027 crore compared to Rs 8,819 crore in the quarter ended September 30, 2014. |
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DLF consolidated net profit up 9%
Posted on 14th November 2014 |
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The country's largest real estate player, DLF, has posted a nine per cent jump in its consolidated net profit at Rs 109 crore for the quarter ended September on the back of higher sales. It had reported a net profit of Rs 100 crore in the same quarter the previous year. |
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Oil India extends fall on disappointing September quarter results
Posted on 13th October 2014 |
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Oil India has dipped 3.5% to Rs 576, extending its previous day’s 2% fall on National Stock Exchange (NSE), after reporting a 33% decline in net profit at Rs 608 crore for the quarter ended September as a historic downslide in crude oil price impacted realizations. The state-owned petroleum explorer had profit of Rs 904 crore during the same quarter last fiscal. Analysts on an average had expected net profit of Rs 861 crore for the quarter. |
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Sensex hovers around 27,900; BHEL down 3%
Posted on 11th November 2014 |
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Benchmark indices have come off day’s high and are trading in a narrow range amid positive bias with Sensex and Nifty hovering around 27,900 mark and 8,350 levels, respectively. Index heavyweight shares like ITC and Infosys are trading lower on account of profit taking whereas rate sensitive shares are witnessing some buying demand. |
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