Beijing: India has enough grain stocks to ride out an expected poor harvest, but the failure of the monsoon adds to global uncertainty about food and grain stocks, the head of an agricultural think tank said on Wednesday. India’s monsoon rains have been 29 per cent below normal sin…
Continue reading...Shanghai shocker stuns Sensex
Sensex slipped 225 points or 1.5% at 14,809 while, Nifty ended lower by 65 points to shut shop at 4,394. Indian markets ended in the red erasing previous day’s gains led by selling in the Oil & Gas, Metal, Auto and Power stocks. Markets cracked after Mainland China’s top sto…
Continue reading...Sensex extends losses post 5% fall in Shanghai
At 12:20 hours IST, the Sensex extended losses and came closer to Monday’s closing value. Today’s fall could be attributed to Shanghai, which lost over 5% after weak earnings and policy disappointment. Maanshan Steel, China’s fourth largest listed steelmaker plunged 6.9% in…
Continue reading...China scare spooks world markets
The Shanghai Composite fell 5.8% to 2870.Nikkei index in Japan fell 3.1% 10,268 and Hang Seng index declined 3.6% to 20,137. Equity markets all over the world are witnessing heavy offloading on Monday. Sell off is not only seen in the Indian markets but in the Asian, European and also th…
Continue reading...Stocks in news: Prism Cement, NTPC, HCL Info, TCS, Wipro
Here are stocks that are in news today: RIL – Exclusive -RIL writes to Power Ministry on GSPA with NTPC: Sources -NTPC board approves filing SLP in SC: Sources -NTPC asks Power Ministry to seek changes to govt affidavit: Sources Exclusive: RIL to Oil, Power Secretary -Have res…
Continue reading...Stocks drop as investors worry about consumers – Wall Street
Stocks retreat after 2 days of gains as investors worry consumers will hurt economy’s recovery NEW YORK (AP) — The fear on Wall Street is that nervous consumers are going to short-circuit the economic recovery. Stocks fell sharply Friday after investors were disappointed by…
Continue reading...Bulls overcome drought, Swine Flu jitters
For the week, the BSE 30-share Sensex added 1.7% and NSE Nifty added 2.2% during the week. Deficit monsoon and H1N1 virus (Swine Flu) were ignored as the market welcomed upbeat IIP data and the draft of the new Direct Tax Code, especially the scrapping of the STT. On the global front, th…
Continue reading...Weekly report…Instanex FII Index up 1.08%
Of the 15 components of the Instanex FII Index, 11 were up and four were down. The main gainers were ONGC (+7.03%; weight 4.78%), Bharti Airtel (+5.30%; weight 11.03%) and SBI This week, the Instanex FII Index was up 1.08% at 323.96 and the Instanex DII 15 portfolio was up 1.80%. Nifty w…
Continue reading...It’s official now: this is a drought year
New Delhi With three quarters of all districts receiving deficient rainfall so far and the overall rain deficit worsening since last week, the country seems headed into the worst drought year over the last two decades. Signalling the seriousness of the crisis, the Government set up a 10-m…
Continue reading...JSW Energy to come out with IPO, files prospectus with SEBI
JSW Energy is set to come out with an initial public offering (IPO) and has filed the draft red herring prospectus with regulator Securities Exchange Board of India (SEBI), Seshagiri Rao, Joint Managing Director and Group CFO of JSW Steel, told CNBC-TV18 in an interview. JSW Energy is pr…
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