SBI, L&T, ICICI Bank, BHEL hit fresh 52-week lows
Posted on 11th January 2016 |
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| Shares of seven companies in the Nifty 50 index have touched their respective 52-week lows after the benchmark index fell more than 1% on the National Stock Exchange (NSE) in early morning trade as concerns about China and global economic slowdown persisted.Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Bank of Baroda (BOB), ICICI Bank, Larsen & Toubro (L&T), Punjab National Bank (PNB) and State Bank of India (SBI) from the Nifty 50 index hit 52-week lows on the NSE in intra-day trade. Most of these stocks were trading down in the range of 2%-3% at 09:23 a.m. Of these seven stocks, BHEL and PNB were more than halved, while, BOB, ICICI Bank, L&T and SBI down nearly 40% and Adani Ports by 37% from their 52-week highs levels. ACC, Allahabad Bank, AIA Engineering, Bajaj Electricals, Bank of India, Canara Bank, Federal Bank, Indian Bank, United Spirits, Vijaya Bank and Jubilant FoodWorks are among few from BSE & NSE 500 index have touched 52-week lows in intra-day trade today. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,237 crore on Friday, as per provisional data released by the stock exchanges. The domestic institutional investors (DIIs) bought net amounting of Rs 1,004 crore, data shows. The Nifty 50 index was down 1% or 101 points at 7,500. The S&P BSE Sensex down 1.2% or 311 points at 24,624 after hitting a 52-week low of 24,599 in intra-day trade. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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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. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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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. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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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). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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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. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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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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