Japan’s Nikkei average rose 1.5 percent on Thursday, moving further away from a 16-month low touched the previous day, after US and Chinese manufacturing data eased investor worries about the global economy. The benchmark Nikkei gained 135.82 points to 9,062.84. It rose 1.2 percent on Wednesday, after falling as low as 8,796.45, its lowest since [...]

Europe’s main stock markets fell at the start of trading on Thursday, with London’s benchmark FTSE 100 index down 0.33 percent at 5,348.80 points. Frankfurt’s DAX 30 shed 0.20 percent to 6,071.56 points and in Paris the CAC 40 lost 0.37 percent to 3,610.40 points. Global equities had surged higher on Wednesday, thanks to strong [...]

Wall Street trade opened mostly flat on Thursday as better-than-expected jobless data helped sustain the previous day’s boom caused by strong manufacturing data. The Dow Jones Industrial Average edged up 4.39 points (0.04 per cent) to 10,273.86 in opening trades, while the broader S&P 500 index gained 1.29 points (0.12 per cent) to 1,081.28 points. [...]

State-run Steel Authority of India Ltd has shortlisted Deutsche Bank, JP Morgan and four others to manage a share issue that may raise up to $1.7 billion, sources with direct knowledge said on Thursday. Other bankers shortlisted by the largest domestic producer of the alloy are HSBC, SBI Capital, Enam Securities and Kotak Mahindra Capital, [...]

Shares in Jaiprakash Associates rose more than 3 percent on Thursday morning, after it said late on Wednesday August cement dispatches jumped 51 percent. Jaiprakash shares were up 3.1 percent, while the main stock index climbed 0.3 percent. News beuro,

Reliance Broadcast Network Ltd (RBNL), part of the Anil Dhirubhai Ambani Group (ADAG), was trading at the upper circuit filter limit at Rs 116 on the Bombay Stock Exchange (BSE) on Thursday. The scrip had opened 4.98 percent higher than its previous close, a day after the company said it would raise over Rs 400 [...]

CRISIL Equities has assigned fundamental grade 2/5 to Spanco Ltd, which indicates the company’s fundamentals are ‘moderate’ relative to other listed equities. The valuation grade is 5/5, indicating Spanco’s market price has ‘strong upside’ from the current levels of Rs 95 (as on September 1, 2010). CRISIL Equities’ one-year fair value of the stock is [...]

Shares of Suzlon Energy on Thursday zoomed over 10 per cent on BSE, amid media reports that Mukesh Ambani-controlled Reliance Industries may acquire stake in the wind power major. Suzlon Energy, which was trading in a narrow range during most part of the session, soared 14 per cent in the final hour of the day [...]

Shares nudged higher for a second day on Thursday as strong US manufacturing data eased some concerns about the pace of global economic recovery, but investor confidence was brittle. Financials topped the gainers on hopes an expanding economy will boost demand for loans, and help boost earnings. Auto makers and cement producers that saw higher [...]

Shares were trading 0.7 percent higher on Wednesday, helped by gains in Asian markets, with financials leading the rise. Financials marched ahead on expectations of better loan demand as the world’s second-fastest growing major economy expands further. Data on Tuesday showed India’s economy grew at its fastest pace in nearly three years in the April-June [...]