Search Result for : Sensex

The Dollar Business Bureau The government on Monday announced the Employees' Provident Fund Organisation (EPFO) has invested Rs.9,723 crore in exchange traded funds till October 31 this year, while the absolute returns till the same period stood at 9.17%. "The total corpus of EPFO was Rs 7.49 lakh crore as on March 31, 2016. The total amount invested by EPFO in ETFs is Rs 9,723 crore as on October 31, 2016 and the absolute return was 9.17 per cent as on October 31, 2016," Labour and Employment Minister Bandaru Dattatreya said replying to a question in the Lok Sabha. Dattatreya said EPFO's investment in exchange traded funds (ETFs) will be raised to 10% from its current level of 5% within the scope of ...

The Dollar Business Bureau BSE Sensex and NSE Nifty ended the day on high on Friday, riding on an increased buying in frontline blue chip counters and positive global clues. Sensex settled 100.45 points up at 26,625.91, while Nifty index ended 29.45 points up at 8,170.20. Companies such as Bharti Airtel, HDFC, Power Grid, Tata Motors and Tata Motors DVR gained in the range of 1.64% - 3.27%. However, Bharti Infratel, Dr Reddy’s Labs, Sun Pharma, Tata Power and Tata Steel fell between 1.57% and 3.55%. On Thursday, the Sensex crashed more than 400 points, due to looming uncertainty over Brexit and the reduced economic growth forecast of the US by the Federal Reserve. However, investors continue to refrain from undertaking any financial activities amidst ...

PTI In a mammoth clean-up exercise, markets regulator Sebi is planning to push for delisting of over 4,200 listed companies whose shares are not being traded, and promoters refusing to give exit opportunity to investors would face strict penal actions. These include over 1,200 companies whose shares are listed on national bourses BSE and NSE but where trading has been suspended for various non-compliance issues for over seven years. Besides, there are over 3,000 companies listed on various regional stock exchanges that have become defunct, Sebi Chairman U K Sinha said on Wednesday. He also warned of strong action against the auditors who close their eyes to the lapses in the financial accounts of listed firms. "So far, we have had a hands-off ...

The Dollar Business Bureau The Nagpur-based manganese-ore mining company, MOIL, reported a 79 percent decline in its standalone net profit valuing at Rs.21.38 crore for the quarter ended March 2015-16. However, the overall standalone revenue increased by 30 percent to Rs.209.62 crore in the quarter ended March 31, 2016 compared to Rs.161.74 crore in the same period a year earlier. In a BSE filing on Wednesday, the company revealed that the net profit in Q4 of the fiscal 2014-15 was Rs.102.47 crore. Due to higher provisions for retirement benefits, royalty and district mineral foundation payments, the company’s expenses have increased to Rs.249.73 crore in Q4 of FY16 as compared to Rs.102.58 crore incurred in the same quarter in FY15. In FY16, the manganese-ore producer’s net ...

Stocks fell around the world on Wednesday, impacting majorly the Asian markets, as the price of crude declined on the news that the three-day strike by oil workers in Kuwait ended, suddenly leaving the markets directionless. As concerns about oversupply of oil in the market returned to the forefront, prices of Brent crude and US crude oil futures slumped. Reversing Tuesday’s sharp gains, Brent crude fell by $1.12 to $42.91 a barrel, whereas US crude oil was down  $1.09 to $39.99. The concerns over Chinese economy also resurfaced as Shanghai Stock Exchange slid 3.8 percent, with almost all the sectors from telecoms to financials witnessing a slide. The depressing mood of the market also reflected due to 0.3 percent fall in S&P 500 EMINI ...

Foreign portfolio investors (FPIs) sold shares net Rs.2,788.57 crores during the week as per the SEBI's record including the provisional figure of February 12 Source: PTI The RBI fixed the reference rate for the US dollar at 68.4365 and the euro at 77.3606 from last weekends level of 67.6365 and 75.7326, respectively.   Markets continued to fall for the second conscutive week due to persistent selling from operators and investors on concerns over global economy and weak results from banks. Relentless selling in the stock market is coming from redemption pressures, margin calls, crude slumping to multi- year lows, depreciating rupee against dollar and disappointing earnings, said Gaurav Jain, Director of Hem Securities. Weak earnings from public and private sectors banks on account of higher ...

Source: PTI  Foreign institutional investors have reduced their holdings in 19 blue chip firms that are part of the 30-share benchmark Sensex during July-September quarter as they recast their portfolio on account of several domestic and global factors. They have raised their holdings in 11 companies, as per the data available for the 3-month period ended September 30. In the April-June quarter, FIIs had trimmed exposure in 20 blue-chip companies. Market experts said that a slew of global and domestic factors including concerns over economic slowdown in China and weak GDP numbers in India prompted FIIs to reduce their holdings. Moreover, foreign investors have pulled out more than Rs.18,000 crore from the stock markets during the July-September quarter, higher than over ...