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

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.