Money News - Page 22

Sensex slips to red after a positive start, IT stocks lose

The Nifty is opened 22.60 points at 6336.40 and the Sensex opened up 100.55 points at 21294.13.

Experts say stock markets likely to continue bull-run this week

Analysts said the next big trigger for the markets are October-December quarterly earnings which will begin around mid-January.

Sensex rises as strong US data buoys IT stocks

Infosys rose 1.2 percent, having earlier come close to hitting a record high of Rs 3,573 last hit on 20 December, after the Wall Street hit a new peak on strong data from the holiday shopping season and a fall in initial jobless claims.

EPFO decision on hiring new fund managers in Jan

The consultant would also evaluate the performance of new fund managers and appoint a custodian and concurrent auditor for the EPFO.

With 9% returns, you can't ignore NHB's tax-free bonds

The National Housing Bank, an entity wholly owned by the Reserve Bank of India (RBI), opens its tax-free bond issue on 30 December and closes on 31 January, 2014. Here's why you can't ignore it.

Nifty opens at 6300; banks gain, Bhel biggest loser

The market has opened the January series on positive note. The BSE Sensex opened at 21136, up 0.29 percent; Nifty opens at 6300, up 0.34 percent.

Cabinet nod for hiking foreign investment to 62% in Axis Bank

The approval would result in foreign investment of about Rs 7,250 crore in the country, a statement said.

Allahabad Bank gets shareholders nod for QIP

At an extra-ordinary general meeting of the bank held in Kolkata on Tuesday, the shareholders approved the preferential issue of Rs 400 crore to government against capital infusion.

Nikkei holds near 6-year high on US data optimism

Japanese stocks have enjoyed a record-breaking rally this year, backed by Tokyo's aggressive fiscal and monetary stimulus aimed at sparking sustainable growth in the world's third-largest economy.

Shares choppy ahead of expiry; Sensex ends down marginally

The muted trading activities can be attributed to the holiday season which brings the US and Europe to a standstill. The uptrend was seen to continue in a day seen by many as one of consolidation.

Nifty hovers around 6300; banks weak, IT stocks up

The market makes mild moves as the Nifty opens below 6300. The Nifty is up 11.95 points or at 6296.45. The Sensex is up 43.33 points at 21144.36.

EuroPacific Growth Fund raises Power Grid stake to over 5%

At the end of September quarter, EuroPacific Growth Fund had 3.91 percent stake in the company.

Sensex closes in green, blue-chips rally on continued foreign inflows

The BSE Sensex edged higher on Monday as blue chips gained on continued foreign inflows despite last week's decision by the Federal Reserve to start reducing its bond purchases, although a fall in Infosys capped broader gains.<br /><br />

Govt infuses Rs 200 cr capital in Andhra Bank

The government holds 58 percent, while FIIs, DIIs and others hold 11.19 percent, 11.78 percent and 19.03 percent, respectively, as on 30 September.

Blue chips drove rally in 2013 but small, mid-caps suffered big time

The BSE's mid-cap and small-cap indices have fallen by about 10 per cent and 16 per cent, respectively, so far this year. Last year, mid and small cap stocks gave returns of up to 40 per cent. They outperformed the Sensex, which rose about 25 per cent during 2012.<br /><br />

Nifty hits 6300, United Spirits falls 2.4% after court annuls Diageo deal

The Indian markets gained momentum today with the Nifty hitting 6300 in the morning trade despite a flat opening. The Nifty is up 33.15 points at 6307.40 while the Sensex gains 120.40 points to be at 21200.12.

Big or small, all culprits same before Sebi: Sinha

In its crackdown against market manipulations and other violations, Sebi goes by facts of the case and the culprits being a big corporate house or a little-known individual become irrelevant, says its chief UK Sinha.

Pollution embargo causes Rs 50K cr loss to West Bengal: minister

Chatterjee claimed that the state government has been able to reduce project clearance to 45 days from three months and a year previously.

Sensex surges 400 points to end above 21,000, RIL leads gains

Indian equity markets ended in green today The BSE Sensex gained 395 points higher at 21103 while the Nifty ended 112 points higher at 6279 .<br /><br />

Can you afford to ignore RBI's retail inflation indexed bonds

It is an inflation-indexed bond which come with a face value of Rs 5,000. This is also the minimum amount you can invest. The maximum amount is Rs 5 lakh.

Infosys set to overtake ITC as most influential stock in Sensex

Infosys is poised to overtake ITC as the stock with biggest weighting in the benchmark BSE Sensex and broader Nifty.<br /><br />

Markets volatile; RIL up 1.5% on higher gas price nod

The market started off trade with a positive bias on last day of the week supported by Reliance Industries and ONGC .

Sensex falls 150 points on worries taper may check foreign flows

The fall came even as global shares took the Fed's decision to trim its bond buying by $10 billion to $75 billion a month largely in their stride while the finance minister said the country is better prepared to deal with US tapering now.<br /><br />

Rupee, markets take US Fed tapering in stride

Surging currency reserves and the fall in the current account deficit have reassured investors about India's vulnerability to a Fed "taper", analysts said, after fears about it sent the rupee to a record low in late August.<br /><br />

RBI, Fed effect: NSE's volatility index near seven-month low

The low level in the VIX denotes a more stable outlook for markets in the remainder of the month.<br /><br />

RBI's New Year gift: CPI-linked savings certificate by month-end

MUMBAI: To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI governor Raghuram Rajan on Wednesday said the apex bank will launch the consumer price inflation (CPI)- indexed savings certificate product by this month end. <br /><br /> <br /><br /> The rate of interest for the product's inaugural run will be 1.5 per cent above the annual average of the CPI. <br /><br /> <br /><br /> "We are coming out with inflation indexed certificates (IISC) tied to the CPI this month. That will give savers the opportunity to invest in assets that produce real returns," Rajan told analysts after presenting his mid-quarter policy review. <br /><br /> <br /><br /> "The real return is being fixed at 1.5 per cent for this first roll out of IISC," Rajan said. <br /><br /> <br /><br /> CPI index rose to the nine-month high at 11.24 per cent for November on the back of an increase in food items. <br /><br /> <br /><br /> Rajan had earlier announced the product in his first interaction with reporters on the day of taking charge as the head of the central bank and announced that it will be launched by November. <br /><br /> <br /><br /> The certificates will be second in a series of products after the Inflation Indexed Bonds (IIB) which have been launched to counter the effects of price rise for investors. <br /><br /> <br /><br /> IIB is linked to the whole price index-based inflation. <br /><br /> <br /><br /> Rajan on Wednesday reiterated that offering real rate of returns is very much on the mind of the central bank. <br /><br /> <br /><br /> It can be noted that the negative rate of return is one of the main issues why investors are moving towards physical assets like realty and gold, which have driven away investors from financial instruments to physical assets like the high current account deficit and a worry about a potential asset bubble forming up.