Markets News

U.S. stocks rose on Monday, with the S&P on track to break a three-day sell-off, after data showed existing home sales rose to their highest level in 2-1/2 years and investors were reassured by a Fed official's comments.

Aluminium maker Hindalco Industries Ltd said it had shareholder approval to sell up to 29 billion rupees ($625 million) worth of shares and it was opening a share sale on Monday at 130.90 rupees each.

Private-sector lender Axis Bank will stay focused on its mainstay corporate advances, and not accelerate retail lending as analysts had expected it to do given signs of improving economic activity.

(The following statement was released by the rating agency)
Fitch Ratings has today said that there is no immediate impact on Reliance Industries Limited's (RIL, 'BBB-'/Stable, 'AAA(ind)'/Stable) ratings following the company's announcement that it has made a preliminary non-binding cash offer to acquire a controlling interest in LyondellBasell Industries upon the latter

India gold futures may strike fresh records this week on the back of a weak dollar and rising crude prices, analysts said.

Private-sector lender Axis Bank plans to keep its focus on corporate lending, with retail loans to stay a small part of its loan book, a senior official told on Monday.

Nokia Siemens Networks said on Monday:
* it, together with its financial partner, did not submit the highest bid for nortel ops at auction

You will now have the option of buying and selling mutual funds (MFs) through brokers at stock exchanges. The fee you could be in the region of 0.25 to 0.5 per cent of the amount invested.

The country is reeling under the impact of steep 13. 68 per cent rise in a number of food items pummelled by a supply crunch in staple potatoes.

The Bombay Stock Exchange?s benchmark Sensex continued to regain lost ground on Wednesday, rising by 409 points or 2.5 per cent to close at 16,849.6.

This may come as a surprise, but India is miles ahead of its massive neighbour China in, of all the things, prosperity!

The proposed public issue of Coal India Limited (CIL) has reached the regulatory corridors, with the Securities and Exchange Board of India (SEBI) suggesting that the allotment of shares and stock options to employees of CIL can be done prior to the proposed public issue.

The UK-based Hardy Oil and Gas Plc ? the 10 per cent joint venture partner of Reliance Industries Ltd (RIL) in the D9 exploration block in the Krishna Godavari basin ?on Friday informed the London Stock Exchange (LSE) that the first exploration well in the block will have to be abandoned after encountering ?poor reservoir sands?.

The high-profile outside hire plays well in the media and gives shares a boost, but the effect is fleeting.

The Indian equity markets followed the global escalation, with the benchmark Bombay Stock Exchange Sensex rising 204 points or 1.2 per cent to close at a new 17-month high of 17,231.

Double-digit growth in index of industrial production (IIP) after 22 months brought cheer to the market as the Sensex at Bombay Stock Exchange (BSE) rose by 2.3 per cent to close at 17,026.

New Delhi, Sept. 30 -- Market players seem unanimous on the fact that Sensex at 17,000 has crossed its fundamentals and suggest that a correction lies ahead.

New Delhi, Sept. 30 -- The two rallies when the BSE Sensex rose from 8,000 to 17,000 have three common elements - both occurred in the month of September, were set afire by liquidity and were driven by real estate firms.

Paris, Sep 24 (DPA) Internet search engine giant Google went on trial in Paris Thursday on charges of copyright infringement and forgery in its attempt to digitise millions of the world's books without prior authorisation.

New Delhi, Sept. 23 -- Boosted by the confidence shown by foreign institutional investors (FIIs), the once beaten-down real estate sector has witnessed a resurgence at the stock market even as concerns on their ability to deliver and the quality of their books of accounts linger in the air.