Markets scale new highs, but fail to sustain

The Indian equity markets on Thursday made fresh record highs but selling pressure, triggered by profit bookings, dragged them to close in the red.

The wider 51-scrip NSE Nifty touched a new record high level of 9,367.15 points during the intra-day trade. Similarly, the BSE Sensex registered a new record high of 30,184.22 points (intra-day).

On closing basis, the NSE Nifty i

Axis Bank dips nearly 3% on disappointing Q4

Shares of Axis Bank fell nearly 3 per cent on the Bombay Stock Exchange after the private sector lender reported a fall of 43.1 per cent in its net profit after tax at Rs 1,225.10 crore for the quarter ended March 31, 2017, on the back of higher provisions. Weighed down by Q4, shares of the bank declined as much as 2.64 per cent to hit intra-day low of Rs 503.60 apiece on the Bombay Stock Excha

KSB Pumps dips nearly 3% on weak Q1

Shares of KSB Pumps fell nearly 3 per cent on the Bombay Stock Exchange after the company reported a 20.83 per cent decline in its standalone net profit at Rs 13.34 crore during the three months ended March 31, 2017, compared to Rs 16.85 crore in the year ago quarter. Extending previous session losses, shares of the company declined as much as 2.75 per cent to hit intra-day low of Rs 699.00 api

Petron Engineering hits roof bagging new order

Shares of Petron Engineering Construction zoomed 20 per cent and locked in upper circuit on the Bombay Stock Exchange after the company said that it has received work order worth Rs 110.00 crores from Guruashish Construction Pvt. Ltd., HDIL Towers, Bandra (East), Mumbai, for building structure works at Goregaon (West), Mumbai.

Driven by new work order, shares of company gained as much

NBCC hits 52-week high on plan to sell assets of sick PSUs

Shares of NBCC (India) jumped nearly 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after state-run company said that it plans to sell land and other immovable assets of five sick public sector units. Following the announcement, shares of Navratna company gained as much as 3.91 per cent to hit 52-week high of Rs 201.75 apiece on the Bombay Stock Exchange.

The scrip was

Sensex, Nifty pause after hitting record highs

Indian shares were little changed on Thursday after hitting record highs the previous day as investors took a breather and booked profits in recent outperformers such as ITC Ltd, while Axis Bank fell on a drop in quarterly profit.

Asian shares also eased as a long-awaited U.S. tax cut plan unveiled by Donald Trump on Wednesday failed to inspire investors.

Indian investors we

Sensex, Nifty end at record closing highs

Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets.

The benchmark BSE Sensex closed up 0.63 percent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlier in the session, surpassing a record last hit in March 2015.

The broader NSE Nifty gained 0.49 percent to end at a recor

Rupee hits 20-month high; surges 27 paise against greenback

The Indian rupee continued gaining momentum against the greenback, hitting 20-months high on Wednesday amid persistent selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted rupee movement.

 The home currency was also supported by weak dollar overseas and firmness in equity market. At the Interbank Foreign Exchange Marke

Reliance Capital hits 52-week high as arm posts strong result

Shares of Reliance Capital soared nearly 3 per cent on the Bombay Stock Exchange after its arm, Reliance Home Finance, reported an over threefold jump in its net profit at Rs 130.74 crore during the six months ended March 31, 2017, compared to Rs 41.84 crore in the corresponding period of previous fiscal.

Boosted by strong Q4 of Reliance Home Finance, shares of the company gained as m

Cochin Shipyard, Prataap Snacks, Tejas get Sebi go-ahead for IPO

As many as three firms -- Cochin Shipyard, Prataap Snacks and Tejas Networks -- have received markets regulator Sebi's approval to raise an estimated over Rs 2,300 crore through initial public offerings, reported PTI.

The three companies had filed their draft red herring prospectus (DRHP) with Sebi between September and March and received 'observations' from the regulator

Sensex, Nifty hit record; rupee at 20-month high

MUMBAI  - The Sensex and Nifty rose to record highs on Wednesday, buoyed by solid company earnings reports and global market gains, while the rupee hit a 20-month high against the dollar.

The benchmark Sensex rose 0.6 percent to a high of 30,134.69 points, surpassing its last record in March 2015, while the broader Nifty saw similar gains, hitting an all-time hig

Nifty ends above 9,300 for first time

The NSE Nifty ended above the 9,300 level for the first time on Tuesday, helped by a string of strong quarterly results including from Reliance Industries Ltd and positive global cues.

The broader Nifty closed up 0.96 percent at 9,306.60. The index earlier hit a record high of 9,309.20, surpassing its previous milestone set on April 5.

The benchmark BSE Sensex ended 0.97 per

Indiabulls Housing Finance Q4 cons net jumps 24.4% at Rs 840.5 cr

Indiabulls Housing Finance Ltd. (IBHFL), a private housing finance company, on Monday reported a 24.42 per cent growth in its consolidated net profit at Rs 840.53 crore during the January-March quarter of 2017-18, driven by strong growth in individual home loan.

“The company had posted consolidated net profit of Rs 675.50 crore in the corresponding quarter of previous fiscal, sa

Nifty ends above 9,300 for first time

The NSE Nifty ended above the 9,300 level for the first time on Tuesday, helped by a string of strong quarterly results including from Reliance Industries Ltd and positive global cues.

The broader Nifty closed up 0.96 percent at 9,306.60. The index earlier hit a record high of 9,309.20, surpassing its previous milestone set on April 5.

The benchmark BSE Sensex ended 0.97 per

Glenmark Pharma starts investigation for GBR 310

Glenmark Pharmaceuticals, a global pharmaceutical company has said that the U.S. Food and Drug Administration (FDA) cleared the company’s Investigational New Drug (IND) application to initiate a first-in-human study of GBR 310, a proposed biosimilar, which will assess its pharmacokinetics in comparison to XOLAIR® (omalizumab) in healthy adult volunteers between 18 – 65 years of

Sensex posts biggest gain in six weeks

Indian shares closed 1 percent higher on Monday, posting their biggest daily percentage gains in nearly six weeks following a slew of good quarterly results including from HDFC Bank Ltd and cement makers.

Sentiment was also lifted after the market's favoured candidate, Emmanuel Macron, won the first round of the French presidential election.

The broader NSE Nifty closed

AGI Infra gets nod for project under Affordable Housing Policy 2016

AGI Infra said that it has received approval for Project namely ‘AGI Smart Homes’ under Affordable Housing Policy 2016. “Approval is granted under the Punjab Apartment and Property Regulation by the Chief Administrator, JDA, Jalandhar for the project namely ‘AGI Smart Homes’ at village pholariwal, Jalandhar,” the company said in a filing to the Bombay Stock E

Lumax Ind zooms over 13% on winning new order

Shares of Lumax Industries rallied over 13 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company after the company said it has bagged order to supply new age headlamps and rear lamps for the new generation Maruti Suzuki Swift.

Boosted by the development, shares of the company gained as much as 13.48 per cent to hit 52-week high of Rs 1540.00 apiece on the Bomb

ACC jumps over 6% as Q1 beats estimates

Shares of ACC rallied over 6 per cent on the Bombay Stock Exchange after the company reported a fall of 8.9 per cent in its consolidated net profit after taxes (PAT) at Rs 211.06 crore for the first quarter ended March 31, 2017, albeit, beating analysts estimates of Rs 162 crore, helped by higher sales volume. Following Q1, shares of the cement maker gained as much as 6.32 per cent to hit intra

Divi's Lab hits 52-week low as USFDA issues warning letter

Shares of Divi's Laboratories dipped nearly 4 per cent, hitting 52-week low, in early trade on the Bombay Stock Exchange after the company said that the US-FDA has issued a warning letter for the company's Unit-II at Visakhapatnam.

Reacting to the news, shares of the company declined as much as 3.82 per cent to hit 52-week low of Rs 607.00 apiece on the Bombay Stock Exchange.

Key Indian equity indices open in green

 The key Indian equity indices on Monday opened in green.

The 30-scrip Sensitive Index (Sensex), was trading 54.72 points or 0.19 per cent higher soon after opening.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 14.85 points or 0.16 per cent higher at 9,134.25 points.

The Sensex of the BSE, which opened at 29,407.68 points, was

Indian equities slide on global concerns, foreign funds' outflow

Indian equity markets extended losses for the second consecutive week as bearish global cues and outflow of foreign funds curbed investors' risk-taking appetite.

Besides, investors remained cautious over a weak rupee and fourth quarter results.

The week ended April 21 witnessed the barometer 30-scrip S&P BSE Sensex slipping by 96.15 points or 0.33 per cent to 29,365.

Sensex falls, posts second straight weekly loss

 Indian shares ended lower in a volatile trading session on Friday, ahead of the expiry of futures and options contracts next week, with indexes posting their second straight weekly loss.

The broader Nifty closed down 0.19 percent at 9,119.40, losing 0.34 percent for the week.

The benchmark Sensex ended 0.19 percent lower at 29,365.30, down 0.33 percent for the week.

MindTree rises over 4% as operating profit beats estimates

Shares of MindTree soared over 4 per cent on the Bombay Stock Exchange after IT major’s operating profit grew at a faster-than-expected rate of 7.4 per cent on quarter-on-quarter basis at Rs 187 crore.

However, its consolidated net profit dipped 26.8 per cent to Rs 97.20 crore during the quarter ended March 31, 2017, compared to Rs 132.70 crore in the same quarter last year.

Sensex rises; Reliance Industries leads gainers

By Darshana Sankararaman

Indian shares rose for a second straight day on Friday and were on track to eke out small weekly gains as investors hunted for bargains after recent falls, with Reliance Industries leading gainers after it commissioned a key hydrocarbon unit.

Small and midcap stocks hit record highs, with the Nifty Smallcap 100 index climbing as much as 1.1 percent a