Stock market update: 13 stocks hit 52-week lows on NSE
Benchmark index NSE Nifty was trading 122.20 points up at 12115.25, while the BSE Sensex was trading 426.78 points up at 41103.41.
Financial services sector: Tackling demand and credit crises
With banks risk-averse & NBFCs facing liquidity crunch, the sector wants to regain confidence to restart lending.
Arcelor Mittal’s Essar Steel buy may not severely hit other players
Arcelor Mittal’s debut in steel industry through acquisition of Essar Steel will raise the competition in the domestic steel sector. Nevertheless there is still headroom for steel companies to increase capacities with consumption demand tipped to grow at 6-7%. Ind-Ra said continued regulatory support is critical to protect local steel players against the threat of imports.
Share market update: BSE Utilities index advances; Nava Bharat Ventures up 3%
The S&P BSE Utilities index was trading 0.59 per cent up at 1825.36.
Stock market update: 12 stocks hit 52-week lows on NSE
Benchmark index NSE Nifty was trading 160.15 points up at 12185.5, while the BSE Sensex was trading 537.00 points up at 41354.74.
Share market update: Metal shares shine; Welspun Corp climbs 3%
The Nifty Metal index was trading 1.05 per cent up at 2796.25 .
Share market update: Nifty Commodities index down; JSW Steel loses 1%
The Nifty Commodities index was trading 0.5 per cent down at 3482.65.
Sajjan Jindal calls for development FIs
India needs development finance institutions (FIs) to fund the capital expenditure needs of Indian companies, said JSW Group chairman Sajjan Jindal.
JSW Steel expects to be a 50 million ton company by 2030: Seshagiri Rao
EPS is going to be better as we are hearing from other steel companies as well. They have reduced inventories and their sales were better in the last quarter. This is the trend we are seeing which is expected to improve further in the third quarter compared to the second quarter. We expect the second half would be much better.
Share market update: BSE Utilities index up; A2Z Infra gains 3%
The S&P BSE Utilities index was trading 0.73 per cent up at 1826.47.
Analyst Calls: MSI, JSW Steel,Thermax, Bharti Infratel
Reliance Securities has retained hold rating on Maruti Suzuki India with a target price of Rs 7,250.
Buy JSW Steel, price target Rs 290: Kunal Bothra
The analyst suggested a stop loss at Rs 260.
Share market update: Power shares slip; BHEL dips nearly 3%
The S&P BSE Power index was trading 1.77 per cent down at 1916.73.
Nifty50 companies’ Q3 profits may surge on low base, tax gain
While there are signs of demand revival, analysts are observing caution.
Great Wall Motors close to acquiring General Motors Pune plant for $250-300 million
Great Wall Motors, China's largest SUV maker, is close to acquiring GM’s manufacturing facility in Pune.
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