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  • NIFTY  7655.05  -167.95 -2.15%
  • SENSEX 25201.9  -562.88 -2.18%

Weekly: Sensex, Nifty plunge 4%

India Infoline News Service | Mumbai | September 04, 2015 16:47 IST

For the week, BSE Sensex closed at 25,201 and NSE Nifty closed at ,7655 down/up by 4% each.

Wipro down 2.3%; teams up with Chelsea Football Club

India Infoline News Service | Mumbai | September 04, 2015 16:40 IST

The company announced that it has been chosen by Chelsea Football Club as its official digital and IT partner.Chelsea FC, the reigning champions of the English Premier League, is one of the earliest adopters of digital to engage and differentiate themselves both as a team and as a club.

SBI tumbles 3%; to issue shares on preferential basis

India Infoline News Service | Mumbai | September 04, 2015 16:33 IST

The bank said it will issue over 19.6 crore shares on preferential basis at a price of Rs 274.37 per share to the government for raising Rs 5,393 crore capital.

Allahabad Bank, Hindalco Industries hit new 52-week low

India Infoline News Service | Mumbai | September 04, 2015 16:29 IST

The NSE Nifty opened at 7,627 hitting a low of 7,627 before signing off with a loss of 168 points or 2.1% at 7,655. The India VIX (Volatility) index was up 9.5% at 26.42. It hit a high of 27.25 and a low of 23.41.

Abbott India, Satin Creditcare, 3 other scrips hit all-time high

India Infoline News Service | Mumbai | September 04, 2015 16:23 IST

The CNX Nifty Junior and the Midcap indices slipped around 2% each to 19,408 and 12,592, respectively, while the CNX Smallcap index declined 2.8% to 4,965.

Raymond ends 3% lower, plans to invest in African markets

India Infoline News Service | Mumbai | September 04, 2015 16:23 IST

The company said it plans to invest $5 mn to launch its products in the West Asian and African markets through its subsidiaries.

Tata Motors cracks 3%; inks five year agreement with Tata Technologies

India Infoline News Service | Mumbai | September 04, 2015 16:19 IST

The company has inked a five-year agreement with Tata Technologies to leverage mutual strengths and capabilities for their strategic priorities while offering significant career benefits to employees of both the organisations.

ONGC sags 2%; to join hands with British Gas

India Infoline News Service | Mumbai | September 04, 2015 16:13 IST

The company is planning to join hands with British Gas to conduct a study to reestablish exploration in Cauvery Basin Offshore. Besides, the company also said that its Mission 2018 is to produce first gas in eastern offshore Block KG-DWN-98/2.

Friday fury continues; Nifty shuts below 7700 levels

India Infoline News Service | Mumbai | September 04, 2015 16:11 IST

Amar Ambani, Head of Research, IIFL, said, For the coming week, the government would release its Q2 current account balance, August trade balance and IIP data for the month of July. The dramatic fall in Indian equities recently, triggered by global sell-off, offers a significant buying opportunity for investors. The best part is that one neednt go hunting for small gems. Many large ones are trading at attractive long-term valuations. Large caps offer reasonably high business visibility and their relative attractiveness has improved with midcap valuations catching up in last few months.

Aurobindo Pharma receives USFDA approval for Telmisartan; slips 1.7%

India Infoline News Service | Mumbai | September 04, 2015 16:07 IST

The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Micardis Tablets of Boehringer Ingelheim Pharmaceuticals, Inc.

Gold continues to decline as traders awaited timing of US-rate hike

India Infoline News Service | Mumbai | September 04, 2015 16:06 IST

With spot gold remaining almost the same with minimal change at $1,125.31 an ounce by 0040 GMT, after losing about 1 percent in the last two sessions, gold prices dipped from a two-day losing streak on Friday, says a Reuters report.

Oil prices fell amid investors trying to gauge from US jobs data

India Infoline News Service | Mumbai | September 04, 2015 16:00 IST

There was a decline of 21 cents to $50.47 a barrel in Brent Crude for October delivery, as of 0156 GMT, after ending the previous session 18 cents higher, the report said.

Mobilization of more than Rs. 22,000 Crores in bank accounts

India Infoline News Service | Mumbai | September 04, 2015 15:51 IST

The achievement under Pradhan Mantri Jan DhanYojana (PMJDY) is heading towards saturation. Initial demand for bank accounts was expected to be around 7.5 crores (75 million).

R.P.P. Infra Projects slumps 4.34% despite project completion

India Infoline News Service | Mumbai | September 04, 2015 15:45 IST

The company has completed a project worth Rs. 285 million by construction of scientific storage godown of 38000 MT Capacity in TNCSC.

PFC slumps 6.4%, seeks to raise capital through securities

India Infoline News Service | Mumbai | September 04, 2015 15:30 IST

The company said that it will seek the shareholders' approval for raising up to Rs. 60,000 crore through issue of securities. The company is planning to raise funds up to Rs 60,000 crore through issue of bonds/debentures/notes/debt securities or private placement basis in India and/or outside India.

Sensex crashes over 550 points; banking, auto stocks drag

India Infoline News Service | Mumbai | September 04, 2015 15:26 IST

The BSE Mid-cap closed down 1.86% at 10,364, while BSE Small-cap closed down 2.42% at 10,611. The INDIA VIX was up 9.22% at 26.34. It hit a high of 27.25 and a low of 23.41.

Suzlon Energy plans to raise Rs. 5,000 crore

India Infoline News Service | Mumbai | September 04, 2015 15:17 IST

The board also proposed to approve variation in the terms of Special Employee Stock Option Plan 2014 for employees of the company and its subsidiary company, says report.

Fresh change: RBI goes for external hiring for improving derivatives markets

India Infoline News Service | Mumbai | September 04, 2015 14:47 IST

The designated person will be responsible for developing and improving derivatives markets and examining currency futures, interest rate futures and offshore non deliverable markets, as per the requirement mentioned in the job advertisement posted by the central bank.

Expect to see rate cut in next monetary policy: C Rangarajan

India Infoline News Service | Mumbai | September 04, 2015 14:34 IST

"I think two things are happening. There is devaluation of currencies like the Chinese currency and other currencies and the international commodity prices are coming down. So, all that would really indicate that we should go for a rate cut," said Rangarajan.

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Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.