5 stocks climbing higher on strong volumes today
City Union Bank is trading 5.3% up, rising on strong volumes. On BSE, around 1.36 lakh shares have changed hands at the counter, about 4 times the average daily volume. Religare Enterprises is gaining about 3.5%. The Religare Enterprises counter on BSE has clocked a volume of around 11 lakh shares, more than twice its […]
Rupee hits 16-month high, but shares flat ahead of Fed decision
The Indian rupee hit a 16-month peak against the dollar on Wednesday on hopes of increased foreign investments in equities, but the stock market flattened a day after the NSE index hit a record high.Meanwhile, benchmark 10-year bond yields fell 3 basis points to 6.87 percent after data released late on Tuesday showed that February […]
Idea Cellular launches new schemes; Stock spurts on huge volumes
Idea Cellular is on song Wednesday morning, with the stock gaining over 12% to Rs 115.50, on hectic buying after the company introduced a new scheme called ‘Idea Select’ for both prepaid and postpaid customers. The stock, which rose to Rs 115.50, is currently up 8.7% at Rs 112, not far off from a 52-week […]
IndusInd Bank to buy IL&FS' subsidiary; Stock up marginally after sluggish start
IndusInd Bank has announced that it has entered into an agreement with IL&FS Limited to acquire 100% of the latter’s subsidiary IL&FS Securities Services Ltd., (ISSL).ISSL, which was incorporated in 2007, is a capital market intermediary for professional clearing, depository and custodial services and caters to both retail and institutional clients including over 1000 brokers, […]
BSE launches futures on S&P BSE SENSEX 50 index
Mumbai: Asia’s oldest bourse BSE on Tuesday launched futures on S&P BSE Sensex 50 index which will help investors to achieve portfolio diversification.”The market participants would be able to take a long-term view on the underlying. Introduction of additional indices will also lead to increased participation in the index futures market,” it said in a […]
Sensex up marginally amid cautious trades
It’s a sluggish start for the Indian stock market Wednesday, with investors treading a bit cautiously after previous session’s splendid rally on the back of BJP’s resounding victory in Uttar Pradesh and Uttarakhand assembly elections. Mostly subdued Asian markets and a lack of any positive lead from Wall Street are also contributing to the subdued […]
Oil stocks keep rising despite cut deal: OPEC
Author: AP, ReutersWed, 2017-03-15ID: 1489526794138560300LONDON: The Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a supply glut.OPEC is curbing its […]
Huge gas find off Egypt sign of many more: Eni
Author: ReutersWed, 2017-03-15ID: 1489526794078560000NICOSIA, Cyprus: The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe’s energy needs, a senior official with Italian oil and gas company Eni said Tuesday.Eni SpA Chief Exploration Officer Luca Bertelli told a gas conference Tuesday […]
UAE airlines’ profits may decline this year: IATA
Author: ReutersWed, 2017-03-15ID: 1489526794068559700ABU DHABI: The profitability of airlines based in the UAE, the Middle East’s main aviation hub, is likely to fall this year amid limited growth in demand, the head of the International Air Transport Association (IATA) said on Tuesday.“The UAE carriers will have a year that is probably below 2016,” Alexandre de Juniac, director-general […]
Gold steadies ahead of Fed meeting
Author: ReutersWed, 2017-03-15ID: 1489526794058559400LONDON: Gold prices steadied on Tuesday, weighed down by expectations for an interest rate rise by the US Federal Reserve that boosted the dollar but supported at the margins by political risks in Europe. The dollar index climbed by about 0.3 percent, making dollar-priced gold costlier for non-US investors. With a Fed rate increase […]
