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Bank of India, Cairn India among 153 stocks that hit 52-week low

India Infoline News Service | Mumbai | March 27, 2015 17:41 IST

The overall mood continued to remain gloomy on escalating tension in the Middle East, fears of US interest rate hike and earnings worries for the fourth quarter. The Foreign Portfolio Investors too turned net sellers in equities worth Rs 521 crore yesterday after been net buyers in the previous six trading sessions.

Hexaware Technologies, Idea Cellular among 9 stocks that hit 52-week high

India Infoline News Service | Mumbai | March 27, 2015 17:24 IST

On Friday,the NSE Nifty spurted over the 8,400-level to touch a high of 8,413, but reversed course and tumbled below the 8,300-level to a low of 8,269 in intra-day trades. The Nifty finally ended almost unchanged at 8,341. The NSE index was down 230 points this week.

Telecom Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 17:09 IST

India's biggest telecom spectrum auction to date, which concluded on 25 March and raised USD17.7bn, will exert pressure on telcos' balance sheets and cash flow, and limit their ability to invest in capex over the medium term, says Fitch Ratings.

Metals & Mining Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 17:04 IST

Former Prime Minister Manmohan Singh, who has been recently accused in the coal gate case, has appealed in the Supreme Court to look into the case, challenging the decision of the lower court.

Axiscades hopes for robust growth in 3-5 years: Sudhakar Gande

India Infoline News Service | Mumbai | March 27, 2015 17:03 IST

The company has signed number of memorandum of understandings (MOU) with global original equipment manufacturers (OEM) who are wiling to manufacture product in India.

Hotels & Tourism Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 17:00 IST

With summer vacations just around the corner, the travel season will soon be at its peak. As most schools and colleges have exams coming to an end, this season is the best time to take off on family trips.

Pharmaceutical Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 16:53 IST

Sun Pharmaceutical Industries Ltd begins the integration of Ranbaxys business following the successful closure of its merger.

Retail Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 16:50 IST

Snapdeal, Indias largest online marketplace, today announced that it has enabled 150+ of its sellers to raise over Rs 50 crores through its flagship initiative Capital Assist, to accelerate and thereby, expand their business on the marketplace.

FMCG Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 16:46 IST

Brazilian private equity firm 3G Capital Partners is in talks to acquire global foods giant Kraft Foods for an estimated $40 bn, according to reports.

Sensex, Nifty ends flat amid huge volatility

India Infoline News Service | Mumbai | March 27, 2015 16:29 IST

Amar Ambani, Head of Research at IIFL said, "The April series started off with huge volatility as indices witnessed a sharp whipsaw swinging between positive and negative zone. The Nifty held on to the long term channel base line of 8320 on a closing basis. This gives some hopes for a short pull back up to 8450. A weekly close above 8450 will be more comfortable for the short term trend reversal."

SBI stock ended 3% higher

India Infoline News Service | Mumbai | March 27, 2015 16:25 IST

The Executive Committee of the Central Board (ECCB) has on March 25, 2015 decided to initiate the necessary action as per JV agreement for dilution of SBI's stake in SBI General Insurance from 76% to 51% with corresponding increase of stake of IAG from 26% to 49%, including appointment of a valuer to facilitate valuation and price discovery.

Sensex, Nifty slips for 3rd straight week

India Infoline News Service | Mumbai | March 27, 2015 16:24 IST

For the week, BSE Sensex closed at 27,458 and NSE Nifty closed at 8,341 down 2.6% each.

L&T stock tumbles 2% despite order win

India Infoline News Service | Mumbai | March 27, 2015 16:17 IST

The company announced that its construction arm bagged orders worth Rs. 1,711 crore across various business segments in March 2015.

RPG Life Sciences ends 4% higher on promoter buying

India Infoline News Service | Mumbai | March 27, 2015 16:10 IST

In the past two weeks the promoter Harsh Vardhan Goenka has been buying shares from the open market to increase his stake in the company.

Infosys stock spikes 3% on hopes of higher earnings prospects

India Infoline News Service | Mumbai | March 27, 2015 16:07 IST

Report said that the company announced salary hikes in the range of 2-9 per cent. Reports of Accenture raising its revenue growth forecast boosted sentiment.

Telecom stocks witnesses heavy profit-taking

India Infoline News Service | Mumbai | March 27, 2015 16:03 IST

Bharti Airtel and Idea Cellular, which was included in the Nifty today, tanked around 5 per cent each to Rs. 380 and Rs. 171, respectively.

JSPL closes 4.5% higher on Delhi HC's observations

India Infoline News Service | Mumbai | March 27, 2015 16:01 IST

JSPL jumped after the Delhi HC ruled in favour of the company, stating that the government's decision to cancel the bid of JSPL for two Chhattisgarh coal mines is "prima facie wrong".

Zen Tech closes 1.6% higher on NSE listing

India Infoline News Service | Mumbai | March 27, 2015 16:00 IST

The shares of the company will be listed and admitted to dealings on the National Stock Exchange with effect from March 30, 2015.

Strides Arcolab launch generic drug Sofosbuvir in India

India Infoline News Service | Mumbai | March 27, 2015 15:58 IST

The pharma company had announces the launch of generic drug Sofosbuvir in India under the brand name 'Virso'.

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