Indian stock-index futures dropped amid a second day of losses in Asian equities. Local exchanges reopen after a public holiday yesterday. SGX CNX Nifty Index futures for August delivery fell 0.9 percent from the close on Aug. 14 to 5,702 at 9:54 a.m. in Singapore. Futures dropped 0.6 percent from yesterday. The underlying CNX Nifty Read More
August 2013
Canara Bank in talks with Capital First, other NBFCs to buy more retail loans Canara Bank is in talks with a number of NBFCs, including Capital First, Bajaj Finserv and Indiabulls Finance, to buy a part of their retail …
Indian stocks swung between gains and losses. Tata Steel Ltd. (TATA) jumped to a one-month high after profit surged, while Financial Technologies India Ltd. (FTECH) plunged to the lowest level in nine years. Tata Steel, India’s biggest producer, advanced 5.1 percent, the biggest gainer on the benchmark S&P BSE Sensex Index. Tata Motors Ltd. (TTMT), Read More
Growth comes last Trade deficit falls, inflation steady, but industry still frozen
Indian stock-index futures gained after data showed inflation cooled and the government announced additional measures to trim the current-account deficit and support the rupee. SGX CNX Nifty Index futures for August delivery rose 0.2 percent to 5,607 at 10:12 a.m. in Singapore. The underlying CNX Nifty Index climbed 0.8 percent to 5,612.40 yesterday. The S&P Read More
Metals shares in demand on upbeat Chinese factory data Tata Steel, Hindalco Industries, JSPL, Sterlite Ind, NMDC, Sesa Goa, JSW Steel and SAIL are up in 2-6% on BSE. Duller June quarter results expected for Tata Steel ‘SAIL rule for job on compassionate Read More
Aug 12 (Reuters) – GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange (SES: S68.SI – news) up 0.6 percent and the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan is up 0.8 percent. * Japanese shares fell to a six-week low on Monday and the yen strengthened after data showed Japan’s Read More
Aug 8 (Reuters) – GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange (SES: S68.SI – news) up 0.17 percent, while the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan is up 0.4 percent. * Asian stocks found a tentative footing early on Thursday, having suffered their biggest one-day slide in a Read More
Benchmark indices have trimmed the losses but continue to remain in negative zone weighed down by Asian markets and weakening rupee. However, oil and banking shares are helping the markets to recover from lower levels. At 11:15 AM, the Sensex was down 69 points at 18,664 and the Nifty was down 21 points at 5,520. Read More
Bank Nifty hits 52-week low as rupee touches new low Union Bank of India, Corporation Bank, Oriental Bank, Karnataka Bank, Uco Bank, Canara Bank and YES Bank are down 5-7% on NSE.