Business
Jain Irrigation, Suzlon, Glenmark, Jet Among Key Stocks in Focus Today
At 11.30 am, the BSE Sensex was down 51.90 points, or 0.13%, to 39,142.59, while the Nifty 50 index fell 16.20 points, or 0.14%, to 11,707.90.
IFCI Looks to Garner Rs 2,000 Crore from Stake Sales in NSE, Clearing Corp
If the stake sale happens in the current fiscal, IFCI can leverage three times of Rs 2,000 crore that it should get from selling stakes to NSE to raise funds from the market.
India Asks Scooter, Bike Makers to Draw Up Plan for Electric Vehicles: Sources
Niti Aayog officials met with executives from companies including Bajaj Auto, Hero MotoCorp and TVS late on Friday, giving them two weeks to come up with the plan, according to one of the executives.
Ahead of Printing Budget Documents, Sitharaman, Thakur Take Part in 'Halwa Ceremony'
The annual celebration is held in the presence of the entire Finance Ministry. Sitharaman’s maiden budget is scheduled to be presented on 5 July.
Sensex Drops Over 150 Points, Weighed Down by HDFC, RIL; Nifty Below 11,800
Investors took weak cues from Asian markets amid foreign fund outflow and depreciating rupee. The domestic market was also cautious ahead of Finance Minister Nirmala Sitharaman's first meeting of the GST Council.
Bankruptcy Court Admits Insolvency Petition Filed by SBI Against Grounded Jet Airways
The insolvency process will allow lenders led by State Bank of India to sell the company as a whole or sell its assets and bring to end weeks of uncertainty over the airline's future.
Can Fin Homes Shares Surge 5.6% as Canara Bank Revives Stake Sale Plans
Can Fin Homes has a pan India network of 132 branches, 20 affordable housing loan centres (AHLCs) and 20 satellite offices with customer base of over 1.2 lakh.
M&M to Hike Price of its Range of Personal Vehicles by Up to Rs 36,000 from July 1
This price increase is due to the implementation of AIS 145 safety norms across all passenger vehicles in India, said auto major Mahindra & Mahindra in a BSE filing.
Sensex, Nifty Cautious Ahead of US Federal Reserve Policy Meet; Monsoon, Trade War Worry Investors
The market is finding it difficult to sustain at elevated levels due to muted corporate earnings, slow monsoon, corporate defaults, developing India-US trade disagreements and the US-China trade war which impacts India.
WPI Inflation Near 2-yr Low at 2.45% in May, May Prompt Another RBI Rate Cut
RBI, on June 6, lowered its benchmark lending rate to a nearly 9-year low of 5.75 per cent, even as it upped its inflation projection to 3-3.1 per cent for the first half of 2019-20.
Yes Bank Shares Slump 13% After UBS Sharply Cuts Stock Price Target to Rs 90
The UBS raised FY20 credit cost estimate for Yes Bank to 250 basis points from 200 basis points earlier, higher than the management guidance of 125 bps.
Sensex Plunges by 100 points; Yes Bank Takes a Hit, Tanks 9 Per Cent
Yes Bank was the worst performer in the Sensex pack, cracking up to 8.73 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade.
Yes Bank Shares Drop 4% After Moody’s Places Ratings Under Review for Downgrade
Moody’s expect that the ongoing liquidity pressures will negatively impact the credit profile of Yes Bank, given its sizeable exposure to weaker companies in the sector.
Sensex Furthers Gains for Third Session on Robust Global Cues
After rallying nearly 300 points during the day, the BSE gauge settled 165.94 points, or 0.42 per cent, higher at 39,950.46.
Driven by Gains in IT Stocks Amid Positive Global Cues, Sensex Jumps 100 Points
Top Sensex gainers in early session on Tuesday include IndusInd Bank, HCL tech, ONGC, Tata Motors, TCS, Tata Steel and Infosys, rising up to 2 per cent.
Sensex, Nifty to Keep an Eye on Macro Data, Monsoon and DHFL Crisis This Week
The DHFL liquidity crisis may spook investors as it's default in debt repayment led to major selloff on stock market counters.