Companies and Markets

Companies & Markets

DBT in electricity sector on the cards

In a bid to fast track plans for introduction of targeted subsidy in a host of sectors, the government is examining a proposal to extend the scope of direct benefit transfer (DBT) sc­heme to the power sector.

Sensex extends losses, Nifty goes below 10k

Banking, healthcare and FMCG stocks weighed heavy on markets today as the Sensex faltered and the Nifty dropped below the key 10,000-mark in early session.

Asian shares were a mixed bag. The 30-share Sensex fell 76.20 points -- or 0.23 per cent -- to 32,161.68. The gauge had lost 337 points in the previous two sessions.

Healthcare, FMCG, banking, power and auto indices were all in the loss zone, down by up to 1.67 per cent.

BULL RUN Hope for rise in corp earning

Equity markets across the globe are on a firm bull run with the Dow Jones Industrial Average peaking over the 22,000 mark for the first time this week as investors bet that a resurgent global economy would boost corporate earnings.

Even the key Asian and European indices are ruling at multi-year highs as investors have turned bullish on the back of strong profits numbers from big companies, low interest rates and positive growth expectation among developed economies.

IOC net profit slumps 45% on inventory losses, lower margins

The country’s largest oil refiner, Indian Oil Corporation (IOC), on Thursday post ed a 45 per cent drop in its June quarter net profit after inventory losses ate into refining margins even as the petrochemical segment generated lower profit.

The company reported a net profit of Rs 4,548.51 crore, or Rs 9.60 per share, for the quarter ended June 2017, a drop of 45 per cent, against net profit of Rs 8,268.98 crore, or Rs 17.45 a share, reported in the same period of the previous fiscal. 

Sensex, Nifty turn sluggish on weak Asian shares

Key equity indices Sensex and Nifty registered losses at the open today on account of lower exposure by investors as the RBI's 25 bps rate reduction did little to lift spirits amid a weak Asian trade.

Sebi cracks down on ex-officials of MCX, FTIL

Markets regulator Sebi on Wednesday issued a disgorgement order amounting to Rs 125 crore in an alleged insider trading case in the stocks of MCX prior to the National Spot Exchange (NSEL) fiasco.