The have entered a correction mode with the BSE falling over 1,000 points from its closing high of 32,575, hit on August 1.
The broader also followed the trend; the S&P BSE Smallcap index saw a decline of over 5% in the same period and the S&P BSE Midcap index slipped over 4%.BSE closing companies correction decline entered falling index mode stocks
A weaker dollar and recovering European economies will unveil good underlying performance of Liberty Global (LBTYA) (LBTYK).
While Liberty Global has all its operations in Europe it actually reports in dollars which means it had some severe currency headwinds over the last years.build buyback cable companies customers dollar free flow Liberty Global network extension video
Tata Steel, Britannia Industries, Edelweiss Financial Services, PC Jeweller, Future Retail, Relaxo Footwear and Finolex Cables have outperformed the market by gaining up to 15% against 3% fall in during the current week.
However, total 44 stocks from the S&P BSE 500 index, including MOIL, Magma Fincorp, Hindalco Industries, Reliance Capital, Jubilant FoodWorks, Bharat Forge, Oil India and Gujarat Gas have beat the market by recording positive returns in the range of 1% to 4% during the week.BSE Edelweiss financial June net profit Rs Rs crore services stock trade
NEW DELHI: Shares of Reliance Communications fell in Friday's trade ahead of The National Company Law Tribunal's decision on Monday on whether or not to consider the proposal of merger between Reliance Communications' wireless business and Aircel Following the development, the stock lost 1.18 per cent to Rs 1,568.20 on BSE. Together, the deals could reduce the telecom firm’s debt of nearly Rs 45,000 crore by as much as 60 per cent.Promoters held 46.30 per cent stake in the company as of June 2017.For the quarter ended June 30, 2017, the company reported total revenue at 70,434 crore and net profit stood at 8,196 crore.The scrip touched its fresh 52-week high of Rs 1,665 on August 3, 2017 and its 52-week low of Rs 932 on November 9, 2016.cent Communications crore June merger Reliance Rs stake The touched
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I remarked early this year that Chesapeake (NYSE:CHK) is an outlier compared with its peers when it comes to its drilling strategy for this year, in that it does not intend to chase production growth. For the year so far, it achieved net operating profit of $547 million, meaning that the second quarter was better compared with the first despite the lower oil prices.Chesapeake debt longer oil operating quarter results Revenue Shale strategy
NEW DELHI: The Securities Appellate Tribunal (SAT) on Friday stayed the trade restriction order by securities market regulator Securities and Exchange Board of India (Sebi) on real estate firm Parsvnath Developers Parsvnath Developers on Friday also informed bouses that Crisil has revised the rating assigned to the long term bank facilities of Parsvnath from ‘Crisil – C’ to ‘Crisil- D’.The rating agency has also revised the rating assigned to Rs 200 crore non-convertible debentures of the Parsvnath Landmark Developers, a wholly-owned subsidiary of the company from Crisil ‘Crisil -BB/Stable’ to ‘Crisil -BB-/Negative’.Pincon Spirits and Signet Industries also moved to SAT against Sebi’s order of August 7.Earlier, SAT on Thursday stayed the trade restriction order by the market regulator on J Kumar Infraprojects and Prakash Industries Shares of both of these firms hit lower circuit when trading resumed on Friday.J Kumar tumbled 19.99 per cent to Rs 226.95, while Prakash Industries plunged 20 per cent to Rs 111.20.On late Monday, the stock market regulator had imposed trade restrictions on all 331 firms on suspicion of being "shell companies".The aforesaid securities were placed in suspended animation from Tuesday, as exchanges stated that the trade in these stocks shall be permitted only once a month.Crisil firm Friday market Parsvnath regulator restriction sat Securities trade
Back home, over 400 companies will report their corporate earning today, will may lead to specific stock reactions.
On Thursday evening, the Securities and Appellate Tribunal (SAT) has stayed SEBI's order against J Kumar Infra & Prakash Industries, which were among the 331 companies that the market regulator had suspected as 'shell' companies.bank fell investors levels lower market Rs stock Thursday trading
NEW DELHI: Shares of State Bank of India (up 0.52 per cent) were gaining in Friday's trade ahead of its April-June quarter earnings disclosure, due later today.SBI is expected to report a 17 per cent rise in net profit to Rs 2,955 crore on 50 per cent drop in interest earned to Rs 24,345 crore, ET reported.However, the BSE Bankex index was trading 0.54 per cent lower at 27,190, with shares of IndusInd Bank (down 1.44 per cent), ICICI Bank (down 1 per cent) and HDFC Bank (down 0.95 per cent) as top losers around 10.55 am (IST).Besides SBI, only Bank of Baroda (up 0.37 per cent) and YES Bank (up 0.30 per cent) were trading in green around that time.Benchmark Nifty50 and Sensex continued their downward streak amid weak global cues on account of geopolitical concerns.As per PTI, besides continuous selling and sustained foreign fund outflows, deep losses at other bourses and the US markets due to escalating North Korea tensions led to a further slide in Indian markets.Nifty50 index was trading 83 points lower at 9,737, while the 30-share Sensex was 244 points down at 31,287 around 10.55 am (IST).In the Nifty50 pack, 11 stocks were trading in green, while 40 stocks were in red.On BSE, 706 stocks were advancing whereas 1,477 stocks were lagging.bank cent crore due Nifty50 Rs SBI share stocks trading
Since then, the index has tanked nearly 4%, or around 400 points to 9,737 levels in intra-day deals on Friday.
Also Read: Village near Doklam evacuated, India thickens Sikkim-Tibet border presence Since its recent high on August 2, investor wealth as measured by market-capitalisation (market-cap) of the 50 companies till August 10 has dipped by over Rs 1,47,600 crore, ACE Equity data show.fall geopolitical investment levels market tanked Tata till trade year
BEIJING — To the growing list of entities questioning the ownership of Anbang Insurance Group, the Chinese financial conglomerate, add one more: an American hotel union.
The union, Unite Here, said in a statement on Thursday that it had filed federal unfair labor practice charges against Anbang and three hotels it owns in the United States for failing to comply with its request for information on the company’s ownership and sources of financing.American Anbang charges hotel Labor officials ownership states Union United
People who are not going to change are going to fall by the wayside, says Gautam Hari Singhania, Chairman & Managing Director, Raymond , the man in the news after media flashed a story about how his father and the company’s founder has become broke and now lives in a rented house.Singhania Junior said he had completely transformed the company in every aspect and is readying it for the next 20 years.His father Dr Vijaypat Singhania , once counted among India’s richest men, gave up all his shares in the company worth around Rs 1,000 crore in favour of his son and is now fighting a court battle, seeking possession of a duplex in the redeveloped 36-storey JK House on Malabar Hill.Raymond pared consolidated net losses to Rs 5.87 crore in June quarter from Rs 15.59 crore reported for the same quarter last year. He said he was addressing the market very differently.“People are now getting up and noticing that Raymond is a new avatar in the market.brand interview Lever quarter Raymond Rs Rs crore Singhania stock years
NEW DELHI: With Sensex slumping over 336 points and the Nifty slipping below the 9,750-mark, Friday's early trade saw nearly 200 stocks, including Amara Raja Batteries Jindal Poly Investment and Finance Company, Piramal Phytocare, Sun Pharmaceutical Industries Anjani Portland and Nagarjuna Oil , hitting fresh 52-week low on NSE.However, Avadh Sugar & Energy, India Nippon Electricals , Metkore Alloys & Industries and Renaissance Jewellery were among the 6 stocks that hit fresh 52-week high.Domestic markets traded in the negative trajectory. As per PTI, besides continuous selling and sustained foreign fund outflows, deep losses at other bourses and the US markets due to escalating North Korea tensions led to a further slide in Indian markets.Auto, bank and metal stocks were reeling under selling pressure.Vedanta (down 2.18 per cent), Hindalco Industries (down 2.04 per cent), Tata Motors (down 1.85 per cent), Cipla (down 1.17 per cent) and ICICI Bank (down 1.23 per cent) were losing in trade.Nifty50 index was trading 71 points lower at 9,749, while the 30-share Sensex was 193 points down at 31,338 around 10.30 am (IST).In the Nifty50 pack, 14 stocks were trading in green, while 36 stocks were in red.On BSE, 631 stocks were advancing whereas 1,514 stocks were lagging.bank cent fresh markets Nifty50 selling Sensex stocks trade week
NEW DELHI: Shares of Union Bank of India fell over 5 per cent in Friday's trade after the bank signed a deal to sell 40 per cent stake in its mutual fund business to Dai-ichi Life Insurance Company of Japan.Following the development, the stock lost 5.73 per cent to Rs 126.75 on BSE. It opened at Rs 128 and touched an intraday high and low of Rs 128 and Rs 124.25 respectively.The entry of the Japanese fund with deep pockets will not only raise the prospects of Union Mutual Fund, but also accelerate the competition in an industry which is growing at 32 oer cent last fiscal and doubled from July 2014.Promoters held 63.44 per cent stake in the company as of June 2017.For the quarter ended June 30, 2017, the company reported total revenue at 8,153.04 crore and net profit stood at 116.58 crore.The scrip touched its fresh 52-week high of Rs 205 on May 5, 2017 and its 52-week low of Rs 116.25 on November 9, 2016.bank cent fund June mutual Rs stake The touched Union