 All Market News |
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Nickel rise on spot demand, global cues |
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Amid increased demand from alloy-makers in the spot market and a rebound in metals in global markets, nickel prices rose 0.24% to Rs 945.10 per kg in futures trade today. |
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TVS Motor Q4 net up 31% at Rs 57 cr |
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Two-wheeler maker TVS Motor reported a 31% increase in net profit at Rs 57.2 crore for the quarter ended March 2012. It was Rs 43.6 crore in the same period a year ago. |
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Nickel rise on spot demand, global cues |
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Amid increased demand from alloy-makers in the spot market and a rebound in metals in global markets, nickel prices rose 0.24% to Rs 945.10 per kg in futures trade today. |
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Reliance Power Q4 profit climbs 24% to Rs 231 cr |
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In the year-ago period, the entity had consolidated net profit of Rs 186.62 crore. |
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Bharti to buy 49% in Qualcomm India broadband venture |
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Bharti will buy a 26% stake held by two Indian partners in the Qualcomm broadband venture and the remaining by subscribing to fresh equity, the company said in statement, sending its shares up as much 6.9%. |
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Pantaloon Retail recovers on buzz of Mitsubishi eyes stake in Big Bazaar |
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“The $69.2-billion Japanese trading powerhouse had made it a pre-condition to invest in Future Group’s food sourcing and back-end infrastructure,” the report suggests. |
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Lead up 0.4% supported by LME trend |
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Lead prices edged up by 0.37% to Rs 109.30 per kg in futures trading today as speculators enlarged their positions, supported by a firming trend at the London Metal Exchange and a firm spot demand. |
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Gold regains Rs 29,000-level on weak rupee |
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Gold prices rose by Rs 91 to Rs 29,060 per 10 grams in futures trade today even as the precious metal weakened in global markets. |
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Sugar recovers on spot demand |
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Sugar prices recovered by Rs 12 to Rs 2,843 per quintal in futures trade today as speculators enlarged their positions on the back of increased demand from bulk consumers at spot markets. |
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Shree Ganesh Jewellery rallies on over 7-fold jump in Q4 net |
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Shree Ganesh Jewellery House has locked upper circuit of 20% at Rs 85.60 after reporting over seven-fold surged in net profit at Rs 160 crore for the fourth quarter ended March 2012, due to lower raw material cost. The company engaged in apparels and accessories business had a net profit of Rs 21.51 crore in year ago quarter. |
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Aurobindo Pharma surges 8% on US nod for anti-HIV drug |
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Aurobindo Pharma has surged over 8% to Rs 117 in noon deals on the Bombay Stock Exchange. A combined 1.02 million shares have changed hands on the counter so far on both the exchanges. |
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Barley up on short-covering, spot demand |
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Barley prices firmed up by Rs 18.50 to Rs 1,365 per quintal in futures trading today on firm trend in the spot markets after speculators covered-up their short positions. |
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Copper recover on positive global cues |
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Taking positive cues from overseas markets and increased domestic demand, copper prices recovered marginally by 0.14% to Rs 431.20 per kg in futures trade today as speculators enlarged their positions. |
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Sun Pharma gets USFDA nod for nasal spray |
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Sun Pharmaceutical Industries today said it has received approval from the US health regulator to sell its generic version of Astelin, used in treating nasal allergies, in the American market. |
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REC to raise Rs 30,000 cr this fiscal |
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State-owned Rural Electrification Corp will raise Rs 30,000 crore during the current financial year, 2012-13, a top official said today. |
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Mahindra Satyam soars on huge volumes |
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Mahindra Satyam has soared 6% to Rs 76.20 on back of huge volumes on the bourses. A combined 4.5 million shares have already changed hands on the counter till noon deals, against an average sub 5 million shares that were traded daily in past two weeks on the NSE and BSE. |
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Govt may allow sugar exports of up to 2.5 mn tonne |
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The government may allow up to 2.5 million tonne sugar export under the Open General Licence (OGL) scheme in the 2011-12 marketing year ending in October. |
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Markets near day highs |
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Benchmark share indices were trading near their day highs in late morning trades led by financials, oil and gas shares. |
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ANALYSIS: The rupee short - a trade everyone missed |
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That the economy wasn’t going to do well in the past year or so was a fact well-known. The Eurozone problems and high commodity prices were putting pressure on inflation, interest rates and hence growth. Domestic factors, which could have helped support the economy, were also missing thanks to New Delhi’s policy paralysis. |
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Welspun India surges on Open Offer at Rs 54 per share |
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Welspun India has frozen upper circuit of 5% at Rs 49.60 after promoters of the company proposed to make an open offer to acquire additional 23.17 million shares of the company at price not exceeding Rs 54 per share. |
