The Bombay Stock Exchange today said it has decided to suspend trading in 12 companies, including Vishal Exports, for varying periods with effect from January 13, 2011, on non-compliance with the Listing Agreement. “… A company listed on BSE is required to comply with various…
BSE to suspend trading in 12 firms on non-compliance
Posted on: December 14th, 2010 and is filed under Market News.
Sensex rises; RCom up 2% on 3G Launch
Posted on: December 14th, 2010 and is filed under Market News.
BSE index closes 0.94 per cent higher at 19,691.78. The Sensex closed 0.9 per cent higher on Monday, helped by firm world equities, but trading remained choppy as ongoing corruption probes kept investor sentiment wary. Reliance Communications gained nearly two per cent after it announce…
Six top-10 firms lose over Rs 42,000 cr this week
Posted on: December 12th, 2010 and is filed under Press Releases.
The combined market capitalisation (m-cap) of six of the country’s top-10 firms went down by Rs 42,791 crore during the past week, with two of the country’s top lenders — SBI and ICICI Bank — bearing the maximum loss. Amid a weak stock market, which fell by 458 po…
Margin pressure buckles markets
Posted on: December 10th, 2010 and is filed under Market News.
A 20-50 per cent fall in several small- and mid-cap stocks over the past week caused severe margin pressure on domestic equity markets today. The result: While the Bombay Stock Exchange (BSE) small- and mid-cap indices dipped 6 per cent and 4.5 per cent, respectively, the Sensitive Index…
Bank Nifty nears three-month low, down 2%
Posted on: December 8th, 2010 and is filed under Market News.
Bank Nifty is trading near its three-month low on back of weakness for the third consecutive day amid concerns of margin pressure on the banks post the deposit rate hikes. The index is down 2% or 192 points at 11,503 at 1100 hours, and is near its three-month low of 11,447 touched on Sept…
Terror attack in Varanasi, 1 dead
Posted on: December 8th, 2010 and is filed under Market News.
Varanasi: A girl child was killed and more than 20 people, including a few foreigners, were injured when a bomb exploded on the banks of the Ganga during Tuesday evening’s ‘maha aarti’ watched by hundreds and sparked off a stampede, authorities and witnesses said. The In…
Wall St rallies to 2-year high after tax cut deal
Posted on: December 7th, 2010 and is filed under Press Releases.
NEW YORK: Stocks jumped to a fresh two-year intraday high on Tuesday as investors bet that a deal to extend tax breaks will prompt increased spending and buoy the economy. A stronger euro, rising commodity prices and an acquisition in the energy sector also combined to push Wall Street h…
European stocks, euro rise ahead of Irish budget
Posted on: December 7th, 2010 and is filed under Market News.
Stocks, euro rise ahead of Irish budget vote, eurozone promise to support bailout fund in need Carlo Piovano, AP Business Writer, On Tuesday December 7, 2010, 5:37 am LONDON (AP) — European stock markets and the euro rose Tuesday after eurozone nations did not rule out increasing…
Stocks of companies with political links beaten down
Posted on: December 7th, 2010 and is filed under Market News.
The scam-polluted environment spells doom for stocks of companies with suspected links to political figures and parties For instance, HCC’s stock has plunged 38% from its level earlier in the month. It turns out that the controversial Money Matters Financial Services is associated…
SBI helps Ispat Industries with fresh money to prevent loan being classified as ‘bad’
Posted on: December 3rd, 2010 and is filed under Market News.
In a brazen attempt at preventing its loan from being classified as a non-performing asset, the State Bank of India has just sanctioned Rs130 crore to Ispat Industres, adjusting Rs30 crore against earlier dues! Yesterday Moneylife wrote how an acute cash crunch has forced Ispat Industrie…
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