Government wins market trust too
The markets cheered the government's victory in Parliament on hopes that reforms would get a push with the Bombay Stock Exchange's (BSE's) benchmark sensitive index (Sensex) gaining the most since March 25 this year to come within striking distance of the 15,000-mark.
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Platinum, palladium plunge
Platinum fell, extending the longest losing streak in six years, and palladium slid on concern that slowing economic growth will cut demand for the metals.
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Oil falls to six-week low of $127
Crude oil fell to a six-week low as a stronger U.S.
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Gold falls on Re rise, weak cues
Yellow metal drops by Rs 630, records second steepest fall in Mumbai. ??Gold witnessed the second-largest fall ever in the Mumbai bullion market on Wednesday as a result of the rupee appreciation and weak cues from overseas.
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Strides Arcolab soars on striking in-licensing deal
The shares of Strides Arcolab (Strides) surged by 17 per cent to Rs 172.05 after Onco Therapies (OTL), the joint venture between Strides and Aspen Pharmacare Holdings, concluded a licensing and supply agreement with GlaxoSmithKline (GSK).
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J Kumar Infraprojects builds on new orders
The shares of Mumbai-based infrastructure company, J Kumar Infraprojects was locked at the 20 per cent upper limit of Rs 100.95 after the company bagged two orders amounting to Rs 53 crore.
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Nifty may face resistance at 4520
The benchmark indices will find it tough to maintain their current levels as they are trading near resistance zones.
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Consolidation on the cards
The markets had a gap-up opening, along expected lines, and ended with almost 6 per cent gains as the players celebrated the UPA govt winning the trust vote.
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Rubber at all-time high of Rs 137/kg
Natural rubber prices touched an all-time high on Wednesday as the benchmark grade RSS-4 quoted Rs 137 a kg, surpassing the previous high of Rs 136 quoted in May this year.
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Ban futures in agri products: Panel
A Parliament panel has advised that futures trade in agricultural commodities should be discouraged as speculative trade leads to artificial rise in prices.
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Cotton prices shoot up on short supply
Supply shortage in both domestic and global markets has led to a steep hike in cotton prices, with farmers in Andhra Pradesh receiving Rs 3,700 a quintal compared with Rs 2,400-2,500 last month.
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UTI AMC to merge 3 sectoral funds
Public sector asset management company (AMC), UTI AMC, is consolidating three of its sectoral funds that have not performed well as the stock market conditions are deterrent to new fund launches.
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`There`s no backtracking on NMCE deal`
The Bombay Stock Exchange (BSE) has seen some major changes at the top, with chairman Shekhar Datta and industrialist Jamshyd Godrej, both members of the exchange's governing board, and CEO Ashok Kumar Raut resigning in quick succession.
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RMoney chief joins NMCE board
The Ahmedabad-based National Multi-Commodity Exchange's (NMCE) board has given an in-principal approval to sell a 26 per cent stake to Reliance Money, Kailash Gupta, the managing director of the exchange said on Wednesday.
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NMCE to give BSE 30-day deadline
Comex says it can't wait indefinitely to sell 26% stake. ??The National Multi-Commodity Exchange (NMCE), India's third-largest commodity bourse, will set a 30-day deadline for the Bombay Stock Exchange (BSE) to comply with the stake acquisition norms and make payments as per the mutually-agreed guidelines.
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