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109 stocks from BSE-500 index hit three-month low
Posted on 26th September 2014
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.

Jet Airways, Sun TV Network, Reliance Communications, Jindal Steel and Power, Shree Renuka Sugars, Ess Dee Aluminium and Parsvnath Developers are among the few stocks that hit 52-week low on Friday.

The S&P BSE Sensex that slipped to 26,220 during intra-day trade today, has slipped nearly 1,100 points from its record closing of 27,320 on September 8, 2014. At 1405 hours, the benchmark index was trading at 26,489. The 50-share CNX Nifty index also declined 331 points at 7,842 from its lifetime high 8,173.

Foreign institutional investors (FIIs) have sold equity shares net amount of Rs 3,016 crore in past four trading sessions, as per provisional stock exchange data.

Shares of most of public sector undertakings (PSU) banks trading at their three-month low price on concerns of asset quality on account of their advances to companies whose coal block allocations have been cancelled by the Supreme Court.

Allahabad Bank, Andhra Bank, Canara Bank, Central Bank of India, Corporation Bank, Indian Overseas Bank, IDBI Bank, Oriental Bank of Commerce, Syndicate Bank, Uco Bank and United Bank of India are touched three-month low.

Among the sectoral indices, S&P BSE Metal, S&P BSE Oil and Gas, S&P BSE Power and S&P BSE Realty hits three-month low.

Related Companies: BHEL   Reliance Industries Limited (RIL)   Larsen & Toubro Limited   Bombay Stock Exchange - BSE

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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

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