The rally in stock was on hope that the court decision over USD 15 billion Carmichael coal mine, which has been stuck since 2010 for want of green nod, may get clearance for coal mining.
Posts tagged MC
Adani Enterprises up 7% post Aus court order over coal case (15-12-2015)
OPEC may cut oil production in 2017: Analyst (15-12-2015)
Crude oil prices have tanked to seven-year lows: US WTI oil is down around USD 36 a barrel currently while Brent crude is around USD 38 a barrel. The slump in energy prices has also rocked stock markets and raised doubts over the ability of energy companies to roll over their debt.
Air India likely to make 6% profit this fiscal (15-12-2015)
The Dreamliners (Boeing 787-800) are helping the company to turnaround it’s business in a big way, said Anil Mehta, the Officer on Special Duty (OSD) to the AI Chairman and Managing Director.
Hotel Leelaventure completes Rs 725 cr sale of Goa property (15-12-2015)
“The disinvestment of the Goa hotel and retaining the management of the hotel under the Leela brand is in line with our strategy to restructure our debt, follow an asset light model and manage more hotels,” Hotel Leelaventure CMD Vivek Nair had said in a statement.
See flat opening led by mixed global cues: ICICIdirect (15-12-2015)
Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 7610-7720, says ICICIdirect.
Bull’s Eye: Buy Emami, Castrol, Aurobindo Pharma, NOCIL (15-12-2015)
Manas Jaiswal of manasjaiswal.com recommends buying Cummins India with a target of Rs 1075 and Mercator with a target of Rs 32.
Fed meet: India to withstand likely rate hike, says SocGen (15-12-2015)
A likely interest rate hike in the US, the first in nearly a decade, will be withstood well by equity markets in India, says Xavier Denis, Economist-Strategist at Société Générale Private Banking.
India’s fuel demand rose 6.4% year on year in November (15-12-2015)
Consumption of fuel, a proxy for oil demand, totalled 14.8 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Allowing women to do more aid work may boost India’s GDP (15-12-2015)
Indian women can add USD 2.9 trillion, or 60 percent to annual GDP, by as early as 2025, if allowed to participate in the workforce on an equal basis as men, according to the 2015 McKinsey Global Institute Report.
Stocks in news: Sun Pharma, Tech Mahindra, MM, NHPC, NBCC (15-12-2015)
Sun Pharma | Tech Mahindra | Mahindra and Mahindra | NHPC | Petron Engineering | NBCC and Hotel Leela are stocks, which are in the news today.