| Bombay Stock Exchange - BSE Related news |
Sensex trades marginally lower ahead of RBI policy meet
Posted on 30th September 2014 |
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Mumbai: The 30-share bellwether BSE Sensex was trading marginally down ahead of Reserve Bank of India’s (RBI’s) bi-monthly policy due later on Tuesday. RBI will release its monetary policy at 11am. RBI to maintain repurchase rate at 8% to shield the rupee from potential increases in US borrowing costs and sustain a fight against inflation, all 51 analysts in a Bloomberg survey predict. The government will also announce fiscal deficit data on Tuesday. |
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TCS surges on receiving best technology provider award in US
Posted on 29th September 2014 |
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Tata Consultancy has gained 3% on the back of being awarded as the Best Technology Provider by Reactions, a leading insurance publication covering the global insurance and reinsurance market on September, 26 2014. We are delighted to be recognised by Reactions as the Best Technology Provider in 2014, said Suresh Muthuswami, President of Healthcare and Indusrance, TCS. |
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BSE, Bank of New York Mellon to ease foreign investment rules
Posted on 27th September 2014 |
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BSE Ltd and Bank of New York Mellon have signed an agreement enabling foreign investors to provide AAA rated sovereign bonds traded outside of India as collateral for trades done on the domestic exchange, the two parties said in a joint statement released late on Friday. The two parties said with the signing of this agreement they "aim to enhance the trading experience for foreign institutional and retail investors and bring Indian practices in line with the best in the world". |
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109 stocks from BSE-500 index hit three-month low
Posted on 26th September 2014 |
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The recent 1,000 point correction in the S&P BSE Sensex from its record high has seen 109 stocks from BSE-500 index hit their respective three-month low level. Reliance Industries, Hindalco Industries, Tata Steel, Larsen and Toubro, BHEL, DLF, Tata Power Company, Reliance Infrastructure, Cairn India and Reliance Capital are among few notable shares touched three-month low on BSE during the current week. |
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Markets choppy; Defensive stocks lose sheen
Posted on 26th September 2014 |
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After opening in red, markets have turned flat in the morning trades as gains in oil and metal shares cap losses in the defensive stocks. At 10.40 AM, the 30-share Sensex is down 3 points at 26,465 and the 50-share Nifty has gained 1 point at 7,913. |
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Jaypee Group shares tank after Reliance Power calls off hydro deal
Posted on 25th September 2014 |
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Shares Jaypee Group companies such as Jaiprakash Associates, Jaiprakash Power Ventures Ltd (JPVL) and Jaypee Infratech have plunged by up to 24% after Reliance Power called off a deal with Jaiprakash Power Ventures Ltd (JPVL) to buy the JVPL’s entire hydel power portfolio. “Due to prevailing regulatory uncertainties and tariff issues, which impact valuations, Reliance Power and JPVL have terminated discussions regarding Reliance Power’s acquisition of JPVL’s hydro portfolio of three projects, with an aggregate capacity of 1,791 mega watts, Reliance Power said in a statement. |
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Rupee falls for 3rd day against US dollar, ends at 60.96
Posted on 25th September 2014 |
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Sustained dollar demand from importers and weakness in local equities on Wednesday pulled the rupee down for a third straight day, with the currency ending two paise lower at 60.97 against the greenback. Heavy selling by foreign funds yesterday in local stocks and better dollar overseas also kept the rupee under pressure. |
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Markets shrug off SC verdict on coal block deallocation
Posted on 24th September 2014 |
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Markets are trading flat in the noon trades with select metal and power stocks losing the most after the Supreme Court in its verdict today cancelled most of the coal blocks allocated. However, buying in the defensive stocks have limit losses. At 2:38PM, the 30-share Sensex is up 27 points 26,803 and the 50-share Nifty has gained 1 point at 8,018. |
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Markets open on a cautious note; RIL, Infosys up 0.5%
Posted on 24th September 2014 |
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Markets opened marginally higher led by oil and select financials but upside gains are likely to be capped ahead of the expiry of September derivative contracts tomorrow. Further, selling by foreign funds also weighed on sentiment. At 9:35AM, the 30-share Sensex was up 40 points at 26,816 and the 50-share Nifty was up 15 points at 8,032. |
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Markets consolidate; Sensex holds 27,100
Posted on 23rd September 2014 |
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Benchmark share indices continued to trade weak as selling by foreign funds continued to weigh on market sentiment. Further, data suggests that Nifty roll-overs to the October series stood at 40% so far. At 11.45 Hrs, Sensex was trading at 27,139.04 with a 67.77 points loss while NIfty shows a decline of 21.50 points at 8,124.80. |
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