Wednesday 24 December 2014

Sensex slips 100 points

At 12:37PM, the S&P BSE Sensex is trading at 27,399 down 107 points, while NSE Nifty is trading at 8,233 down 33 points.

The BSE Mid-cap Index and BSE Small-cap Index was trading flat.

Auto, Realty indices are the gainers, while Teck, FMCG, Capital Goods, Banking, Consumer Durables, Power, Metal, Oil and gas indices are losers.

Coal India, Cipla, HDFC, Tata Power, HDFC Bank are among the gainers, whereas DRREDDY, Tata Steel, Sun Pharma, Wipro, TCS are losing sheen on BSE.


According to the report, SBI management is planning to unlock value by listing one or more of its NBFC.

Shares of Spicejet was up 4% at Rs17 after report stated that the airline cleared salary dues for the month of November for all pilots and senior management officials.

Soliciting cooperation from the public in withdrawing these notes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier, in March 2014, it had set the last date for public to exchange these notes was January 01, 2015.

Shares of Nandan Denim Ltd surged 12% at Rs63 after report said that Devkinandan Corporation LLP, one of the promoters, increased its stake in the company via open market.

According to reports, Government may surpass FY15 direct tax collection target. Government said that it has reached 15% direct tax revenue growth aim up to Dec 15, says report.

Cabinet approved 100% FDI in medical devices via automatic route. Shares of Opto Circuits spurted over 16% at Rs26, while Poly Medicure stock surged 8% at Rs974..

Cabinet approves ordinance on insurance. Shares of Max India was up 4% at Rs394, while Reliance Capital shares was up 3% at Rs495.

MEP Infrastructure Developers has received Securities and Exchange Board of India’s approval to raise Rs. 360 crore through an initial public offer (IPO), according to reports.

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