Indices rallied more than 1.5 percent in morning session following further rally in US and Asian markets, but profit booking in last couple of hours of trade (especially in banks) weak European cues washed out more than 1 percent gains from day’s high.
Posts tagged MC
Sensex up 161 pts, Nifty above 8K but post 3.6% weekly loss (28-08-2015)
Sensex up 161 pts, Nifty above 8K but post 3.6% weekly loss (28-08-2015)
Indices rallied more than 1.5 percent in morning session following further surge in US and Asian markets, but profit booking in last couple of hours of trade (especially in banks) weak European cues washed out more than 1 percent gains from day’s high.
Investors take a second look at EM as China fears cool (28-08-2015)
But a growing number are now arguing that the supposed weakness — largely fueled by fears of slower Chinese growth — is overblown and recent market declines are more of a buying opportunity than a reason to sell.
China pumps cash into economy for 2nd time in week (28-08-2015)
The seven-day loans have an average interest rate of 2.35 percent, the People’s Bank of China (PBOC) said in a statement on its website.
Class action suit slapped on Sun Pharma over US subsidiary (28-08-2015)
The case pertains to Sun Pharma’s US subsidiary Caraco. The US Circuit Court of Appeals ruled that Caraco did not comply with norms while closing two of its units in Detroit and Farmington Hills.
Sun Pharma slapped with class action suit in Caraco case (28-08-2015)
The case pertains to Sun Pharma’s US subsidiary Caraco. The US Circuit Court of Appeals ruled that Caraco did not comply with norms while closing two of its units in Detroit and Farmington Hills.
See crude prices at $50-60/ barrel by year-end: Barclays (28-08-2015)
The key risks to the price forecast are Iran and Libya returning to the market, says Miswin Mahesh, energy analyst from Barclays.
Payments banks can disrupt banking industry: AmEx (28-08-2015)
Marquee credit card company American Express is open to investing in a number of “win-win” partnerships and is watching the startup space with great interest, says the company’s South Asia President Sanjay Rishi.
Buy Timken India; target of Rs 670: Sushil Finance (28-08-2015)
Sushil Finance is bullish on Timken India and has recommended buy rating on the stock with a taget price of Rs 670 in its research report dated August 26, 2015.
Maharashtra govt to buy back Kolhapur proj from IRB Infra (28-08-2015)
The government earlier in the week allowed developers to divest 100 percent equity in projects two years after completion to fast-track award and implementation of highway projects in the country by making additional funds available for investment in projects.