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ISIS in fresh Sebi missive on caution against terror outfits
Posted on 13th October 2014
In a fresh list of terror outfits circulated by the Securities and Exchange Board of India (Sebi) to the stock exchanges, market entities have been asked to stay cautious about any funds or entities linked to the infamous ISIS (Islamic State in Iraq and Syria) finding their way to Indian capital markets.

While no instance of any ISIS-linked activities in the Indian markets has come to the fore so far, the regulator has informed the stock exchanges about the updated Al-Qaida sanctions list of the United Nations Security Council, which has named various ISIS-linked entities in its new list. The stock exchanges have, in turn, informed their trading members about the updated sanctions list.


Nifty slips below 7,900; HDFC, ITC drop over 2%
Posted on 10th October 2014
Markets continued to trade weak weighed down by select index heavyweights even as Infosys helped offset some of the losses on the back of better-than-expected earnings.

At 10:20AM, the 30-share Sensex was down 233 points at 26,404 and the 50-share Nifty was down 70 points at 7,891.


Sensex surges nearly 300 points; Infosys, TCS up 1%
Posted on 9th October 2014
Markets extended gains and were trading near their day's highs after the first hour of trade led financials and capital goods shares coupled with a rebound in IT shares.

At 10:45AM, the 30-share Sensex was up 298 points at 26,545 and the 50-share Nifty was up 88 points at 7,930.


Rupee jumps 31 paise against dollar in early trade
Posted on 9th October 2014
Extending its rising streak for the fourth straight day, the rupee surged by 31 paise to trade at two-week high of 61.09 against the dollar in early trade today at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks.

Forex dealers said besides selling of the American unit by exporters and easing global crude prices, gains in other Asian currencies against the dollar and a higher opening in the domestic stock market, buoyed the sentiment.


Weakness persists; Infosys, Sun Pharma down over 4%
Posted on 8th October 2014
Benchmark shares indices remained weak in late trades on Wednesday with technology shares declining the most led by Infosys amid reports of downgrade by global financial services major Citigroup.

At 2:15PM, the 30-share Sensex was down 79 points at 26,193 and the 50-share Nifty was down 26 points at 7,826.


TCS, Infosys, HCL Tech hit new high
Posted on 7th October 2014
Shares of information technology (IT) companies are continue at their upward march with frontline stocks such as Tata Consultancy Services (TCS), Infosys and HCL Technologies have hit their respective record high on the Bombay Stock Exchange (BSE).

At 1105 hours, S&P BSE IT index, the largest gainer among sectoral indices, was up 0.65% compared to 0.48% decline in benchmark index S&P BSE Sensex. IT index touched a record high of 11,001 in intra-day trade today.


Market Report: Rupee gains 22 paise against dollar in early trade
Posted on 7th October 2014
After a long weekend, the rupee strengthened by 22 paise to 61.39 against the dollar in early trade at the Interbank Foreign Exchange on Tuesday on increased selling of the US currency by exporters and banks.

Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas also supported the rupee, but a lower opening in the domestic equity market limited the rise.


Sensex, Nifty closed on account of Bakri Id; Asian markets rally
Posted on 6th October 2014
NEW DELHI: Indian stock market will remain shut on Monday, 6th October on account of public holiday. The BSE, NSE will remain closed for 'Bakri Id'.

However, Asian markets were trading higher tracking gains on Wall Street which rose following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy.


Wipro hits 14-year high as government clears SEZ in Andhra Pradesh
Posted on 1st October 2014
Shares of Wipro were trading higher by 3% to Rs 614 on National Stock Exchange (NSE) in otherwise subdued market on reports that the government has approved the proposal of Wipro to set up SEZs in Andhra Pradesh. The benchmark CNX Nifty was down 0.06% at 7,960 points at 1025 hours.

Wipro Ltd has proposed to set up IT/ITES zone in Andhra Pradesh on an area of 1.22 hectares, the PTI report suggests.


Larsen and Toubro gains on Rs 1,423 crore new orders
Posted on 30th September 2014
Larsen and Toubro (L&T) has moved higher by 2% to Rs 1,490 after the company said it has won new orders worth Rs 1,423 crore across various business segments in September 2014, including order from Lucknow Metro Rail Corporation.

The company’s heavy civil infrastructure business has bagged a Rs 631 crore prestigious order from the Lucknow Metro Rail Corporation Limited for the construction of the Lucknow Metro, L&T said in a statement.


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