Page 49 - Companies

BSE closes 242.88 points down on September 2

New Delhi, Sept 2 (ANI): Trading at the Bombay Stock Exchange today closed 242.88 points down to stand at 25,453.56. At the National Stock Exchange the Nifty closed 68.85 points down to stand at 7,717.00. Balrampur Chini Mills Ltd and Sun TV Network Ltd were among the top gainers of group A with an increase of 7.92% and 7.64% along with Shree Renuka Sugars Ltd and KEC International Ltd with an increase of 6.74% and 6.59% respectively, while the top losers of group A includes Union Bank of India and Bharat Heavy Electricals Ltd with a decrease of 5.43% and 5.10% along with Sunrise Asian Limited and Piramal Enterprises Ltd with a decrease of 4.92% and 4.64% at the close of the markets. The Auto sector is down 238.37 points at 17,154.06 while the Banking sector is down 342.48 points at 18,581.12 and the Realty sector is up 8.42 points at 1,229.15. The Indian currency is down 0.07% at Rs 66.17 per dollar.

Real challenge of price deflation rather than inflation: Arvind Subramanian

New Delhi, Sep 02 (ANI): While addressing a press conference Arvind Subramanian, Chief Economic Adviser to the government of India said that real challenge that India needs to be focused on is of price deflation rather than inflation. He expressed his concerns post the release of gross domestic product (GDP) data for the June quarter. He said the quarterly GDP estimates need to be treated with care. He also apprised that the revenues have increased but the subsidy payment has declined lowering GVA (Gross Value Added). However he said the economy is moving in the right direction as both GDP and GVA add up to a better economic growth despite the fall in GVA than last year as overall the GDP would increase.

BSE closes 586.65 points down on September 1

New Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 586.65 points down to stand at 25,696.44. At the National Stock Exchange the Nifty closed 185.45 points down to stand at 7,785.85. Essar Oil Ltd and PMC Fincorp Limited were among the top gainers of group A with an increase of 11.33% and 4.41% along with UPL Limited and Shree Cement Ltd with an increase of 4.03% and 3.68% respectively, while the top losers of group A includes Sunrise Asian Limited and Mangalore Refinery and Petrochemicals Ltd with a decrease of 9.97% and 7.19% along with Vakrangee Limited and Punjab National Bank with a decrease of 7.00% and 6.94% at the close of the markets. The Auto sector is down 472.84 points at 17,392.43 while the Banking sector is down 713.55 points at 18,923.60 and the Realty sector is down 39.93 points at 1,220.73.The Indian currency is down 0.19 % at Rs 66.36 per dollar.

Experts disappointed at slower-than-expected growth of economy

New Delhi, Sep 01 (ANI): Economic experts expressed disappointment as government figures showed that Gross Domestic Product (GDP) of the country grew at a slower-than-expected 7 percent annual rate in April-June quarter. This growth rate is slower than provisional growth of 7.5 percent in the previous quarter. Market Expert Rakesh Bansal said that the market was likely to react negatively to this data on Tuesday. Economist Akash Jindal said that clearing of crucial bills like the Goods and Services Tax bill and lowering the rate of interest by at least 50 basis points could boost the GDP. While India matched growth in China, the loss of momentum comes just as Modi's image as the country's economic saviour starts to fade 15 months after his historic electoral triumph. The Reserve Bank of India has cut the policy repo rate 75 basis points since January. But it left the rate on hold at its last policy review early this month.

BSE closes 109.29 points down on August 31

New Delhi, Aug 31 (ANI): Trading at the Bombay Stock Exchange today closed 109.29 points down to stand at 26,283.09. At the National Stock Exchange the Nifty closed 30.65 points down to stand at7,971.30. SREI Infra Structure Finance Ltd and NIIT Technologies Ltd were among the top gainers of group A with an increase of 8.24% and 7.42% along with Muthoot Finance Ltd and Punj Lloyd Ltd with an increase of 7.11% and 6.20% respectively, while the top losers of group A includes Sunrise Asian Limited and Gujarat Pipavav Port Ltd with a decrease of 9.97% and 6.89% along with Mahindra and Mahindra Finance Services Ltd and Kailash Auto Finance Ltd with a decrease of 4.97% and 4.71% at the close of the markets. The Auto sector is down 138.23 points at 17,865.27 while the Banking sector is down 66.27 points at 19,637.15 and the Realty sector is down 17.07 points at 1,260.66. The Indian currency is up 0.35% at Rs 66.37 per dollar.

BSE closes 161.19 points up on August 28

New Delhi, Aug 28 (ANI): Trading at the Bombay Stock Exchange today closed 161.19 points up to stand at 26,392.38. At the National Stock Exchange the Nifty closed 53.00 points up to stand at 8,001.95. Vakrangee Ltd and Gateway Distriparks Ltd were among the top gainers of group A with an increase of 9.88% and 7.32% along with GATI Ltd and Aban Offshore Ltd with an increase of 7.11% and 6.61% respectively, while the top losers of group A Sunrise Asian Limited and Indian Overseas Bank with a decrease of 9.98% and 5.41% along with Indiabulls Real Estate Ltd and Housing Development and Infrastructure Ltd with a decrease of 5.01% and 4.99% at the close of the markets. The Auto sector is up 179.71 points at 18,003.50 while the Banking sector is down 46.15 points at 19,703.42 and the Realty sector is down 6.27 points at 1,277.73. The Indian currency is up 0.12% at Rs 66.12 per dollar.

BSE closes 516.53 points up on August 27

New Delhi, Aug 27 (ANI): Trading at the Bombay Stock Exchange today closed 516.53 points up to stand at 26,231.19. At the National Stock Exchange the Nifty closed 157.10 points up to stand at 7,948.95. Escorts Ltd and Jaiprakash Associates Ltd were among the top gainers of group A with an increase of 18.32% and 11.83% along with Bata India Ltd and Adani Enterprises Ltd with an increase of 11.61% and 10.71% respectively, while the top losers of group A Sunrise Asian Limited and Kailash Auto Finance Ltd with a decrease of 20.00% and 4.92% along with PMC Fincorp Limited and Bharat Heavy Electricals Ltd with a decrease of 4.90% and 3.54% at the close of the markets. The Auto sector is up 144.69 points at 17,823.79 while the Banking sector is up 354.62 points at 19,749.57 and the Realty sector is up 49.62 points at 1,284.00. The Indian currency is down 0.23% at Rs 65.99 per dollar.

BSE closes 317.72 points down on August 26

New Delhi, Aug 26 (ANI): Trading at the Bombay Stock Exchange today closed 317.72 points down to stand at 25,714.66. At the National Stock Exchange the Nifty closed 88.85 points down to stand at 7,791.85. Vakrangee Ltd and Reliance Infrastructure Ltd were among the top gainers of group A with an increase of 9.33% and 7.65% along with KEC International Ltd and Indiabulls Real Estate Ltd with an increase of 6.98% and 6.76% respectively, while the top losers of group A include Sadhbhav Engineering Ltd and Bharti Infratel Ltd with a decrease of 6.08% and 5.29% along with Bharat Forge Ltd and Hexaware Technologies Ltd with a decrease of 5.13% and5.06% at the close of the markets. The Auto sector is down 124.04 points at 17,679.10 while the Banking sector is down 331.35 points at19,394.95 and the Realty sector is down 2.50 points at 1,234.38. The Indian currency is up 0.06% at Rs 66.14 per dollar.

Sensex and Nifty fall on persistent global market cues

Mumbai, August 26 (ANI): Sensex and Nifty faltered in early trade on Wednesday, paring some of the gains in the previous session as investors worried that fresh rate cuts in China would not be enough to stabilise its cooling economy or halt falls in global equity markets. The benchmark BSE Sensex was down 0.6 percent at 09:32 am after falling as much as 1.3 percent. The index gained 1.1 percent on Tuesday. Global share markets have been hit by worries that the Chinese economy, the most important engine for the world economy, was growing at a much slower pace than Beijing's 7 percent target for 2015. The Indian rupee stood at 66.23 for a dollar at 11.12 am, doing only slightly better than the previous day. Elsewhere, Asian stocks fell on Wednesday as investors feared fresh rate cuts in China would not be enough to stabilise its cooling economy or halt a collapse in its stock markets.

BSE closes 235.26 points up on August 25

New Delhi, Aug 25 (ANI): Trading at the Bombay Stock Exchange today closed 235.26 points up to stand at 25,976.82. At the National Stock Exchange the Nifty closed 61.85 points up to stand at 7,870.85. India Bulls Real Estate Ltd and DLF were among the top gainers of group A with an increase of 19.47% and 16.82% along with Delta Corp. and Amararaja Batteries Ltd with an increase of 13.15% and 9.55% respectively, while the top losers of group A include Sun Asian and Vakrangee with a decrease of 19.98% and 10.00% along with Central Bank of India and Gati with a decrease of 9.74% and 9.48% at the close of the markets. The Auto sector is up 230.20 points at 17,673.84 while the Banking sector is up 484.36 points at 19,726.30 and the Reality sector is up 78.52 points at 1,236.88. The Indian currency is up 0.74% at Rs 66.15 per dollar.

Stock market: Nifty, Sensex show signs of recovery during early trade

New Delhi, Aug 25 (ANI): After plummeting sharply during yesterday's trading, the Bombay Stock Exchange (BSE) Sensex on Tuesday gained more than 356 points to touch 26,098 at the opening. According to reports, the NIFTY has also gained close to 100 points during the opening trade. The BSE Sensex dropped 5.94 percent yesterday, its biggest daily percentage fall since Jan. 7, 2009. The index fell to as low as 25,624.72 at one point, its lowest intraday level since August 11, 2014. Meanwhile, the Nifty lost 5.92 percent yesterday, also its biggest fall since Jan. 7 2009. It earlier hit a low of 7,769.40: it's lowest since Oct. 17, 2014. The rupee fell to as low as 66.74 per dollar on Monday, it's lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown.

Experts ask govt to take corrective steps after steep fall in market

New Delhi/ Mumbai, Aug 25 (ANI): India's top industry body urged the government and the federal bank to take corrective steps after market witnessed steep falls following a China-led sell-off across Asia. The Bombay Stock Exchange (BSE) Sensex and Nifty slumped nearly 6 percent on Monday, posting their biggest daily falls since January 2009 as steep falls in Chinese equities sparked widespread unrest in global markets. The rupee also fell, hitting its weakest since early September 2013, and prompting Reserve Bank of India (RBI) Governor Raghuram Rajan to say he stood ready to deploy foreign exchange reserves to curb volatility in the currency. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) said India could become a dumping ground if the current situation lasted for long. Still, analysts believe Indian markets could be hurt less than other countries given its sturdier economic fundamentals, including a narrow current account deficit and the government's commitment

BSE closes 1,624.51 points down on August 24

New Delhi, Aug 24 (ANI): Trading at the Bombay Stock Exchange today closed 1,624.51 points down to stand at 25,741.56. At the National Stock Exchange the Nifty closed 490.95 points down to stand at 7,809.00.Usha Martin Education and Solutions Limited and Orissa Sponge Iron and Steel Ltd were among the top gainers of group A with an increase of 20.00% and 19.92% along with Videocon Industries Ltd and NMDC Ltd with an increase of 0.33% and 0.27% respectively, while the top losers of group A include Amtek Auto Ltd and Wockhardt Ltd with a decrease of 24.96% and 21.34% along with Vakrangee Limited and Jet Airways (India) Ltd with a decrease of 20.00% and 19.50% at the close of the markets. The Auto sector is down 1,429.85 points at 17,365.29 while the Banking sector is down 1,445.76 points at 19,241.94 and the Realty sector is down 142.12 points at 1,158.36.The Indian currency is up 1.31% at Rs 66.69 per dollar.

Impact of market turmoil on India, transient says Jaitley

New Delhi, Aug 24 (ANI): While addressing a two day annual conference of the Chief Commissioners and Director Generals of Central Board of Excise and Customs, Union Finance Minister Arun Jaitley, said that the prolonged global market turmoil followed by market crash today, was only a transient impact on the Indian economy. Jaitley also said global economy affects India's economy is a resultant of the fact of global markets integration. He also informed that revenue targets fixed for this year are very realistic. He further addressed the tax collectors and made them aware that their role as tax collectors is going to be exceedingly important in the near future.

BSE closes 241.75 points down on August 21

New Delhi, Aug 21 (ANI): Trading at the Bombay Stock Exchange today closed 241.75 points down to stand at 27,366.07. At the National Stock Exchange the Nifty closed 72.80 points down to stand at 8,299.95. Videocon Industries Ltd and SREI Infrastructure Finance Ltd were among the top gainers of group A with an increase of 16.37% and 7.30% along with Ceat Ltd and Jubilant Life Sciences Ltd with an increase of 5.06% and 4.68% respectively, while the top losers of group A include Sunrise Asian Ltd and Central Bank of India with a decrease of 19.99% and 8.26% along with Balrampur Chini Mills Ltd and Godrej Properties Ltd with a decrease of 5.95% and 5.58% at the close of the markets. The Auto sector is down 396.42 points at 18,795.14 while the Banking sector is down 308.83 points at 20,647.75 and the Realty sector is down 34.04 points at 1,300.48. The Indian currency is up 0.51% at Rs 65.88 per dollar.

BSE closes 323.82 points down on August 20

New Delhi, Aug 20 (ANI): Trading at the Bombay Stock Exchange today closed323.82 points down to stand at 27,607.82. At the National Stock Exchange the Nifty closed 122.40 points down to stand at 8,372.75. Delta Corp Ltd and Lupin Ltd were among the top gainers of group A with an increase of 8.42% and 5.39% along with ITC Ltd and Crisil Ltd with an increase of 3.90%and 2.96% respectively, while the top losers of group A include Amtek Auto Ltd and Central Bank of India with a decrease of 28.37% and 17.39% along with Videocon Industries Ltd and Vakrangee Limited with a decrease of 16.88% and 16.33% at the close of the markets. The Auto sector is down 353.22 points at 19,191.56 while the Banking sector is down 499.82 points at 20,956.58 and the Realty sector is down 57.53 points at1,334.52.The Indian currency is up 0.34% at Rs 65.49 per dollar.

BSE closes 46.73 points down on August 18

New Delhi, Aug 18 (ANI): Trading at the Bombay Stock Exchange today closed 46.73 points down to stand at 27,831.54. At the National Stock Exchange the Nifty closed 10.75 points down to stand at 8,466.55. TATA Elxsi Ltd and Jaypee Infratech Ltd were among the top gainers of group A with an increase of 19.71% and 10.85% along with and Escorts Ltd and JK Tyre and Industries Ltd with an increase of 9.52% and 8.46% respectively, while the top losers of group A include Indian Bank and Kailash Auto Finance Ltd with a decrease of 4.89% and 4.86% along with SUN TV Network Ltd and GAIL (India) Ltd with a decrease of 4.48% and 4.43% at the close of the markets. The Auto sector is up 116.58 points at 19,454.47 while the Banking sector is down 42.14 points at 21,555.41 and the Realty sector is down 4.45 points at 1,406.31. The Indian currency is up 0.00% at Rs 65.32 per dollar.

BSE closes points 189.04 down on August 17

New Delhi, Aug 17 (ANI): Trading at the Bombay Stock Exchange today closed 189.04 points down to stand at 27,878.27. At the National Stock Exchange the Nifty closed 41.25 points down to stand at 8,477.30. Bank of Baroda and Canara Bank were among the top gainers of group A with an increase of 15.15% and 13.42% along with and Srei Infrastructure Finance Ltd and Indian Bank with an increase of 9.33% and 9.01% respectively, while the top losers of group A include Kaveri Seed Company Ltd and Punj Lloyd Ltd with a decrease of 16.97% and 12.20% along with Amtek Auto Ltd and Jet Airways (India) Ltd with a decrease of 10.82% and 5.16% at the close of the markets. The Auto sector is down 123.79 points at 19,337.89 while the Banking sector is up 109.31 points at 21,597.55 and the Realty sector is down 18.27 points at 1,410.76. The Indian currency is up 0.51% at Rs 65.33 per dollar.

PSBs are struggling, but no reason to panic says Jaitely

New Delhi, Aug 14 (ANI): While addressing a press conference in New Delhi on Friday, Finance Minister, Arun Jaitely, declared the steps taken to address the issues of struggling Public Sector Banks, and assured that there is no cause for panic. Jaitely said sectors like steel, power, highways, discoms, sugar are responsible for the stress in the PSBs. He further announced a new policy for monitoring Public Sector Banks on the basis of key performance indicators. He specifically mentioned about the stress in the steel sector and explained external factors are responsible for the same.

BSE closes points 37.27 up on August 13

New Delhi, Aug 13 (ANI): Trading at the Bombay Stock Exchange today closed 37.27 points up to stand at 27,549.53. At the National Stock Exchange the Nifty closed 6.40 points up to stand at 8,355.85. Jet Airways (India) Ltd and Adani Ports and Special Economic Zone Ltd were among the top gainers of group A with an increase of 4.32% and 3.99% along with Oberoi Realty Ltd and SKS Microfinance Ltd with an increase of 3.84% and 3.61% respectively, while the top losers of group A include Jindal Steel and Power Ltd and National Alluminium Co.Ltd with a decrease of 11.10% and 9.69% along with Reliance Communication Ltd and Vedanta Ltd with a decrease of 9.38%and9.26% at the close of the markets. The Auto sector is up 81.02 points at 19,005.80 while the Banking sector is up 140.54 points at 20,852.31 and the Realty sector is down 19.39 points at 1,328.04.The Indian currency is up 0.49%% at Rs 65.09 per dollar.