Indian Oil stake sale floor price set at Rs 387 a share
The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at 387 rupees each, the company said, a two percent discount from Friday’s close. At the floor price, the 10 percent stake sale in the company will bring in 93.96 billion rupees (USD 1.4... read more »
Gold surges by Rs.480 to reclaim Rs.27,000 mark
New Delhi: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to Rs.27,000 mark on Friday. After registering a decline recently, prices shot up by Rs.480 to touch Rs.27,180 at the bullion market. Silver also... read more »
Sensex crashes 1,500 pts: Rs 7 lakh cr wealth wiped out, but it is still a ...
India’s benchmark Sensex took a major pounding on the Dalal Street in early Monday trade, crashing more than 1,000 points, but stock market experts are not painting any bleak picture for local equities yet and instead see steady growth prospects and weak global commodity prices to aid sharp... read more »
Nestle India goes up by nearly 2%, defies broader market trend
Defying the broader market trend on Monday, Stocks of Nestle India gained nearly 2% in morning trade on the bourses. The shares opened at Rs 6,100.00 and surged 1.76% to an high of Rs 6,206.70 on BSE. On the NSE, similar trend was seen as the stock opened at Rs 6,078 and touched an intra-day high... read more »
