Stock Markets

Rupee Goes Down against Dollar

Rupee Goes Down against Dollar

Rupee has again plunged, as per the revelations of a new report. It has been found that the Indian currency has seen reversal in its early gains and in intra-day trade, the same traded at 54.39 against the dollar.

It was when the dollar inflows were prevailed over by oil-related demand. The report uncovered that the opening of the Indian unit was slightly lower at 54.32. Nonetheless, it later recovered in the early trade on capital inflows to
54.26 in consequence of the stake sale in SAIL by the Government.

Sensex Goes Down for Sixth Day in a Row

Sensex Goes Down for Sixth Day in a Row

On Friday, the BSE benchmark Sensex hit fresh four months low. The same fell for sixth day in a row and lost more than 57 points.

It was when cautious investors abstained from purchasing on current political worries in the midst of weak global cues. It has been revealed that the Sensex was unstable before it ended with a loss of 0.30% or 57.27 points to
18,735.60.

These levels, as per the report, were last seen in 2012 on November 26. It is being said that some 778 points were lost by the index in last five sessions.

Political Coalition Break-Up affects BSE Sensex

Political Coalition Break-Up affects BSE Sensex

Political coalition break-up seems to have affected BSE Sensex a lot. It has been revealed that BSE Sensex has witnessed the biggest decline so far in March. Reason for the same is said to be exit of DMK from the UPA Government.

The exit of one of the main parties has raised concerns about the reforms promised by the ruling party. In addition, it has been revealed that the Reserve Bank of India has cut interest rates by 25 basis points.

EIL Falls by 4.9% Intraday

EIL Falls by 4.9% Intraday

As per the revelations of a new report, State-owned Engineers India (EIL), on Monday, tended to touch a 3.5 years low of 171.40 falling by some 4.9% intraday.

It has been found that 4.52% to Rs 172 was lost by the stock on Bombay Stock Exchange.

It was following indications from the media reports that the firm could probably terminate big contracts. Yes! According to the report, pipeline contract worth Rs 300 crore that was awarded to Fernas Constructon for IOC's Paradip Refinery is being planned by the company to be terminated.

Tata Motors shares slip as Q3 earnings fall steeply

Tata Motors shares slip as Q3 earnings fall steeply

Stock in Tata Motors slipped more than 3 per cent in early trade on Friday; a day after the Indian automobile giant reported a steep fall in quarterly earnings.

On Thursday, Tata Motors announced that its consolidated net profit for the October to December quarter slipped more than 50 per cent to Rs 1,628 crore, from Rs 3,406 crore in the corresponding period of the previous year.

On an average, analysts had projected a profit of Rs 2,770 crore in the December quarter for the company.

Lenders decide to recall loans from Kingfisher Airlines; stock slump 5%

Lenders decide to recall loans from Kingfisher Airlines; stock slump 5%

The consortium of lenders to Kingfisher Airlines on Tuesday announced their decision to recover outstanding loans from the grounded airline, in a move that dragged the beleaguered airline's shares down.

In early trade on Wednesday, the stock slipped more than 5 per cent to Rs 10.58 a share on the Bombay Stock Exchange (BSE). Kingfisher shares had jumped nearly 10 per cent over the past two days, following suffering a loss of as much as 26 per cent in the past month.

Kingfisher shares slip after announcement of Dec quarter loss

Kingfisher shares slip after announcement of Dec quarter loss

Kingfisher shares slipped more than 4 per cent in morning trade on Tuesday after the grounded carrier posted a loss of Rs 755 crore for the quarter through December 31.

At quarter past ten in the morning, stock in Kingfisher Airlines Ltd was trading at Rs 11.99 a share, down 4.4 per cent from the previous day's close. The stock touched intra-day low and high of Rs 11.70 and Rs 13.45 a share, respectively.

BoB shares fall after as the bank’s asset quality woes continue

BoB shares fall after as the bank’s asset quality woes continue

The Bank of Baroda (BoB) stock slipped nearly eight per cent before closing down 7.5 per cent at Rs 802 a share on Monday, as against just 0.15 per cent decline in Sensex, after the bank reported a fall of 22 per cent fall in its net profit for the December 2012 quarter.

The steep fall in the net profit during the quarter was led by the steep increase in provisions that jumped 23 per cent year-on-year to Rs settle at 1,029 crore.

NSE probes sharp falls in Tata Motors, UltraTech shares

NSE probes sharp falls in Tata Motors, UltraTech shares

The National Stock Exchange (NSE) is probing the recent unexpected falls of Tata Motors and UltraTech Cement shares, an official with direct knowledge of the matter revealed.

The block sales took place at much lower prices than the prices at which either company was trading at the time. The stocks crashed, with each shedding as much as 10 per cent. This sparked speculation of a freak trade.

Maruti shares jump as brokerages hike their price tags for the stock

Maruti shares jump as brokerages hike their price tags for the stock

Maruti Suzuki stock gained around 2 per cent in early trade on Monday after several brokerages raised their target prices for the stock.

Brokerage CLSA maintains "buy" on Maruti stock but hiked its target price on the stock from Rs 1,915 a share to Rs 2,020 a share. According to the domestic brokerage, the company's margins will jump further over fourth quarter and fiscal 2013-14. The brokerage also predicted that Maruti Suzuki's earnings per share would grow at a compound annual growth rate of 44 per cent over fiscal 2013-15.