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NSE midcap index hits record high
Posted on 10th April 2015
Shares of midcap companies are continue at their upward march for the seven straight trading sessions with the National Stock Exchange (NSE) CNX Mid-cap index hit a fresh record high today.

At 1427 hours, CNX Mid-cap index was up 0.60% at 13,608 points, after hitting a new high of 13,631 in intra-day trade. The CNX Nifty was down 0.20% at 8,761.

The Bombay Stock Exchange (BSE) S&P BSE Mid-cap index hit high of 11,128 during intra-day deal, is 53 points away from its lifetime high of 11,181 touched on March 4, 2015.

The foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have collectively invested net amount of Rs 2,632 crore inn equities between March 30 and April 9, as per provisional data from the stock exchanges.

Anil Dhirubhai Ambani Group (ADAG) all four listed companies – Reliance Communications (up 14% at Rs 72.30), Reliance Power (5% at Rs 61.55), Reliance Infrastructure (4% at Rs 475) and Reliance Capital (3% at Rs 456) – were gained between 3%-14% on the NSE.

Century Textiles & Industries surged 6% to Rs 742 on the NSE on the back of heavy volumes. In past two weeks, the stock surged 22% from Rs 608 on March 27, after the promoter increased their stake in the company by converting warrants into equity shares.

Bharat Electronics, MindTree, Ramco Cement, SKS Microfinance, Apollo Tyres, Bajaj Finance, ABB, United Breweries, Max India and Glenmark Pharmaceuticals are few from CNX Mid-cap index gained between 12% and 19% in past seven trading sessions.

Related Companies: National Stock Exchange of India Ltd (NSE)    Bombay Stock Exchange - BSE   Reliance Communications (RCOM)   

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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

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