Month: February 2018

Pidilite Industries Rs 500 crore buyback opens on March 1

February 26, 2018 / admin / 0 Comments

Adhesives and industrial chemicals major Pidilite Industries’ share buyback program up to Rs 500 crore is slated to open on March 1, according to a BSE filing. Notably, the company had fixed 12th February 2018 as the record date for the buyback. Accordingly, 12th February stands as the date for …

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Metal stocks climb, Tata Steel leads

February 24, 2018 / admin / 0 Comments

Stock prices of companies in the metals sector (including steel) closed the session on a high note on Friday after Fitch Group firm India Ratings & Research revised its steel industry outlook to stable for FY19 from negative in FY18. India Ratings & Research revised its steel industry outlook to …

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Sensex surges over 300 pts, Nifty ends 9 pts short of 10,500; HDFC Bank, RIL, Tata Steel, Sun Pharma rally

February 23, 2018 / admin / 0 Comments

India’s stock market closed on a positive note on Friday with Sensex surging over 300 points and Nifty ending just 9 points short of 10,500-mark led by a value-buying in shares of HDFC Bank, RIL, Tata Steel, Sun Pharma, ICICI Bank, ITC, SBI, L&T, TCS, Axis Bank, Yes Bank, HDFC, Kotak Mahindra Bank, Airtel and ONGC. The S&P BSE …

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NSE rejig: PNB to be removed from midcap index; Titan, Bajaj Finserv, Grasim to join Nifty, 9 major changes

February 22, 2018 / admin / 0 Comments

The fraud-hit Punjab National Bank will be removed from the Nifty Mid100 Free index while shares of Titan Company, Bajaj Finserv and Grasim Industries will join the benchmark Nifty index. These changes are announced as a part of a periodic review of IISL (India Index Services and Products Ltd), the …

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Eros International Media shares zoom nearly 11% after Mukesh Ambani picks up 5% stake in parent company

February 21, 2018 / admin / 0 Comments

Shares of Eros International Media zoomed nearly 11% after the Mukesh Ambani-led Reliance Industries picked up 5% stake in the NYSE-listed parent company Eros International Plc. Reliance Industrial Investments and Holdings Ltd, a wholly owned subsidiary of Reliance Industries Ltd proposes to subscribe to 32,50,000 ‘A’ ordinary shares at $15 per …

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PNB’s 5-day market cap loss exceeds Nirav Modi’s Rs 11,400 crore fraud

February 20, 2018 / admin / 0 Comments

As the shares of PNB continue to slide for the fifth straight day, the five-day loss in the market capitalisation of Punjab National Bank has exceeded Nirav Modi’s Rs 11,400 crore fraud. PNB shares are on a free-fall for the last five days since after India’s second largest PSU bank has …

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Sensex dives 437 pts as bankers bleed; SBI, PNB plunge up to 10%; 8 PSU banks hit 52-week low

February 19, 2018 / admin / 0 Comments

Indian stock markets fell heavily in the afternoon trades on Monday with Sensex diving 437 points as most of the bankers bleed. Shares of State Bank of India and Punjab National Bank plunged up to 10% in today’s trades with stocks of 8 PSU banks hitting their respective 52-week lows. …

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Nirav Modi-PNB scam effect: LIC losses big money, Rs 1400 crore in last 3 trading sessions

February 17, 2018 / admin / 0 Comments

Nirav Modi-PNB scam effect: Amidst all the chaos going around the Rs 11,400-crore bank fraud case that involves the beleaguered jewellery designer Nirav Modi, the Life Insurance Corporation turned out to be the biggest loser. While three banks including the Punjab National Bank, Union Bank of India and Allahabad Bank along …

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Month: February 2018

Sensex dips 99 pts as bankers collapse, PNB crashes 13%; Airtel tops, ICICI Bank, HDFC, Axis Bank bleed

Pidilite Industries Rs 500 crore buyback opens on March 1

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