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Wall Street falls
US stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed’s Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average.
A three-day rally built on strong earnings boosted the index to close Monday above its 200-day moving average, a closely watched measure of [...]
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- Tags: Dow Jones industrial, shares, US stocks, wall street
European shares gain
European shares rose on Thursday, boosted by strong company earnings as results from AstraZeneca and Capgemini pleased investors.
AstraZeneca gained 4.5 percent following strong second-quarter numbers and winning an endorsement from a US advisory panel for its potential blockbuster heart drug Brilinta.
By 0707 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.5 percent [...]
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Shanghai shares hit 2-mth high
Shanghai stocks rose to a two-month high on Thursday as steel companies rallied on expectations that China’s government will maintain its loose monetary policy through the rest of the year. China’s main stock market ended the day up 0.6 per cent at 2648.12 points, after hitting its highest level since May 31 earlier in [...]
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- Tags: MSCI, Shanghai shares, shares, stock market
ABB succeeds in acquiring 75% stake
Leading power and automation technology group ABB today said its open offer to increase stake in its Indian subsidiary from 52.11 per cent to 75 per cent has been successful.
During the three-week offer period, which closed today, shareholders of ABB India tendered approximately 23 per cent of the outstanding shares, a press statement said.
The [...]
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RIL tanks over 3 pc
Reliance Industries Ltd (RIL), the country’s most valued firm, today plunged over 3 per cent, dragging its valuation down by Rs 11,000 crore, a day after the company reported its best-ever quarterly numbers.
Shares of RIL plummeted 3.09 per cent to settle at Rs 1,020.95 on the Bombay Stock Exchange. However, the stock opened in the [...]
Shares rose 0.2 per cent in early trade on Wednesday,
Shares rose 0.2 per cent in early trade on Wednesday, with Reliance Industries leading the gains, after the energy major posted a 32 per cent rise in its quarterly profit.
At 9:02 a.m. (0332 GMT), the 30-share BSE index was up 0.18 per cent at 18,110.20 points, with 20 components advancing.
Reliance Industries was trading 0.6 per [...]
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EIL falls 13% after govt fixes FPO
Shares of state-run Engineers India plummeted by nearly 13% on the Bombay Stock Exchange (BSE), a day after the government set the price band of the company’s follow-on public offer at `270-290, which is at a discount from the current market price.
Shares of Engineers India fell 12.80% to touch an intra-day low of `294.40 on [...]
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- Tags: EIL, Finance Minister, shares, stock.
Markets turn negative
Shares briefly turned negative on Friday morning after hitting a 2-1/2 year high as traders locked in gains, dealers said.
the 30-share BSE index was up 0.01 per cent at 18,115.30 points. It had turned negative after rising as much as 0.7 per cent early. The 50-share NSE index was up 0.4 per cent at [...]
Rupee gains for second day
The rupee rose for the second straight day on Thursday boosted by the dollar’s sharp losses against major currencies and a rebound in the domestic sharemarket.
The partially convertible rupee closed at 47.1250/1350 per dollar, off the day’s low of 47.35 and little stronger than Wednesday’s close of 47.16/17. On Monday, the rupee had dropped as [...]
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SKIL Infrastructure will make an open offer for 20 per cent of shares
SKIL Infrastructure will make an open offer for 20 per cent of shares in Everonn Education at 536.16 rupees a share, Edelweiss Capital, manager to the offer said in a public announcement.
The open offer will begin on Sept 9 and close Sept 28, it said on Thursday.
News beuro,
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