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Wall St dips as jobs report augurs for September rate hike

Wall Street slips to end rough week on macro, earnings

US stocks ended lower on Friday after solid job growth data for July pried the door open a little wider for a potential interest rate hike by the Federal Reserve in September. Wall Street took the latest signs of an improving economy as a fresh reason to sell shares in a market that has remained […]

Wall Street moves lower on Apple, interest rate worries

Wall Street ends lower as weak oil weighs - If and What

Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple’s shares hit their lowest in over six months. The iPhone maker’s shares fell 3.21 percent to USD 114.64, firmly below their 200-day daily moving average, a key technical level closely watched by traders. […]

Sensex, Nifty trim losses; rupee recover, Tata Motors fall

Sensex, Nifty trim losses; rupee recover, Tata Motors fall

  India’s coal imports fell 11 percent to 19.3 million tonnes in July from a year earlier the sharpest and the first drop in more than a year as local supplies rose and money losing power generators held up purchases, commodities trader mjunction said. Prime Minister Narendra Modi has been credited with the turnaround in […]

Sensex, Nifty gain for 4th day; banks soar, RBI policy eyed

Sensex, Nifty gain for 4th day; banks soar, RBI policy eyed

  The market closed higher for the fourth consecutive session on Monday, aided by ICICI Bank, State Bank of India and ITC. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.9 percent, respectively. The 30-share BSE Sensex advanced 72.50 points to 28187.06. The 50-share NSE Nifty failed […]

PFC stake sale floor price at Rs 254; disinvestment on Mon

PFC stake sale floor price at Rs 254; disinvestment on Mon

  Government has set the floor price for 5 percent stake sale in PFC at Rs 254 a share, a discount of 2 percent over the market price, which would fetch around Rs 1,600 crore to the exchequer. The offer for sale (OFS) would take place on July 27. “The floor price of the offer […]

Lupin gets shareholders nod to raise up to Rs 7,500 crore

Lupin gets shareholders nod to raise up to Rs 7,500 crore

  Drug major Lupin on Saturday said it has received approval from its shareholders to raise up to Rs 7,500 crore through issue of securities. In a BSE filing, the Mumbai-based firm said shareholders have approved a proposal on Saturday “to raise funds for an amount not exceeding Rs 7,500 crore through issue of securities”. […]

U.S. stocks extend losing skid to four, in spite of surge from Amazon

WTI Crude falls to fresh four-month lows, amid U.S. oil

U.S. equities markets fell broadly on Friday closing lower for a fourth consecutive session, as lagging performances from stocks in the Basic Materials, Health Care and Energy industries weighed on the major indices. The Dow Jones Industrial Average posted mild losses to remain in negative territory for the year, while the NASDAQ Composite index and […]

Wall Street slips to end rough week on macro, earnings

Wall Street slips to end rough week on macro, earnings

The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector. Biogen (BIIB.O) more than halved its revenue growth forecast for 2015 and its stock lost 22 percent to close just above USD […]

Relaxo Footwears soars 14% on robust Q4

Relaxo Footwears soars 14% on robust Q4

Shares of Relaxo Footwears jumped 14 percent intraday on Monday ridding high on its robust March quarter earnings. The footwear manufacturer’s Q4 net profit jumped a whopping 96 percent to Rs 42.7 crore from Rs 21.8 crore on yearly basis. Its revenue also expanded 18 percent at Rs 440 crore versus Rs 373 crore in […]

Why is Jubilant Ind up 20% in a melting market

Why is Jubilant Ind up 20% in a melting market

Shares of Jubilant Industries opened at 20 percent upper circuit, hitting 52-week high at Rs 139.70 per share. What is driving the euphoria? Porinju V Veliyath, MD & Portfolio Manager at Equity Intelligence India has bought 60000 shares at Rs 100.96 per share. Jubilant Industries reported a dismal March quarter earnings with a net loss […]

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