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Market News
  • 23 May 15
    01:42 PM
    A Chinese information technology and communications company under the Tsinghua University has purchased 51% stake in Hewlett Packard's (HP) China-based joint venture for $2.5 billion.
    01:22 PM
    Bundl Technologies Private Limited, a Bengaluru-based startup that runs the food-ordering platform Swiggy, is in talks with a couple of investment firms to raise anywhere between $15 million and $20 million (Rs 95 crore-Rs126 crore), according to its
    01:17 PM
    City Union Bank has reported a 19% uptick in net profit for the quarter ended March 31, 2015 at Rs 99.08 crore.
    11:36 AM
    The markets ended at 5-week closing highs, and third consecutive week of gains, on the back of positive global cues, the government's moves to assuage fears on the Minimum Alternate Tax (MAT) front, steady progress of monsoons and hopes of interest
    11:04 AM
    The Insurance Regulatory and Development Authority of India (Irdai) is evaluating an open architecture for insurance agents, similar to the structure proposed for banks who act as corporate agents.
    09:53 AM
    US stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.
    02:32 AM
    Vinod Kumar gave up golf, which is almost every CEO's favourite sport, a few years ago and took up polo instead. This should be a normal personal preference, but Kumar proceeds to give us four reasons for the change.
    02:22 AM
    Deutsche Bank's management reshuffle ratchets up the pressure on co-Chief Executive Anshu Jain.
    01:42 AM
    A high-level official delegation of the Uttarakhand government visited Startup Village here to study the functioning of the incubator and to examine the possibility of replicating it in the north Indian state.
    01:39 AM
    Bandhan Financial Services, which has received in-principle approval to start banking operation, plans to set up 20 branches in the state in 2015-16, said a Reserve Bank of India (RBI) official.
    01:25 AM
    ITC posted a weak set of numbers for the March 2015 quarter largely due to a fall in volumes and weak EBIT growth in the cigarette business.
    01:08 AM
    Bengaluru-based drug maker Strides Arcolab today reported a standalone net profit of Rs 69.66 crore for the quarter-ended March 31, 2015. The company had posted a net loss of Rs 48.26 crore for the corresponding period of the previous fiscal, the company
    12:57 AM
    The world’s leading steel maker, ArcelorMittal, on Friday signed an agreement with Steel Authority of India Ltd (SAIL) to set up an automotive steel manufacturing facility in India, under a joint venture (JV).
    12:57 AM
    Ahmedabad-headquartered Troikaa Pharmaceuticals, which was struggling to get clearances, has begun construction at site in Sanand where it has about 75 acres of land in posession.
    12:55 AM
    Private sector electricity producer Tata Power will move out of the stock market benchmark index Sensex and will be replaced by drugmaker Lupin.
    12:50 AM
    Stung by a punitive tax on cigarettes, net profit of cigarettes-to-hotel major ITC rose by 3.6 per cent at Rs 2,361 crore in the March quarter, against Rs 2,278 crore in the year-ago period, missing Street expectations by a wide margin.
    12:46 AM
    Encouraged by the strong results for the March quarter and the annual financial results for 2014-15, Britannia Industries has an aggressive plan to expand its product offerings and sales network.
    12:44 AM
    Titan Company Ltd today opened a specialty retail store spread over 6,600 sq ft at Vizag, wherein it will retail all three consumer products such as watches, jewellery, eyewear and accessories under a single roof.
    12:43 AM
    Food and drug safety authorities in the country may have raised a red flag on presence of potentially hazardous chemicals in Maggi packets, but noodle lovers in the country are in no mood to get serious yet.
    12:42 AM
    Murugappa Group chairman A Vellayan resigned a day after the Securities and Exchange Board of India (Sebi) charged him and three others with insider trading. Vellayan says he has also decided to take legal action.


Company Price Gain (%)
H D F C1,287.502.51
Sun Pharma.Inds.1,003.302.29
O N G C322.451.53
Larsen & Toubro1,651.001.04


As selling pressure from FII continues, could the Nifty slip below 8,000 in the medium term?

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