INSUBCONTINENT EXCLUSIVE:
It turned out to be the second straight week of losses for domestic equities
Flagships BSE Sensex and NSE Nifty lost over half a per cent in the holiday-shortened week
That's chiefly because of renewed concerns over trade equations between the US and China, along with losses in the rupee that plumbed a
record low.
It's a different story that the currency has made a smart pullback on the government's pep talk
The 30-share Sensex tumbled 299 points, or 0.78 per cent, to 38,091 for the week to September 14
The 50-share Nifty gave up 73.90 points, or 0.64 per cent, to end at 11,515 during the same period.
Which stocks made the maximum news in
the week gone by Let's see
A 's weet' dealSugar stocks rallied up to 20 per cent on Friday as the government raised ethanol prices by 25 per cent for its blending in
The government on Wednesday approved an over 25 per cent hike in the price of ethanol produced directly from sugarcane juice for such
blending in a bid to cut surplus sugar production and reduce oil imports
The Cabinet Committee on Economic Affairs raised the procurement price of ethanol derived from 100 per cent sugarcane juice to Rs 59.13 per
litre, from the current Rs 47.13.
@fresh all-time highMindtree, ICICI Lombard General Insurance, LT Infotech, Axis Bank, Sanofi India,
Abbott India, Whirlpool of India and JSW Steel were among top stocks on the BSE500 index that hit new lifetime highs during the week.
@fresh
all-time lowLaurus Labs, ILFS Transportation Network, Navkar Corporation and Chochin Shipyard slumped to their fresh record lows on the
BSE500 index.
Cabinet gives push to fertilisersShares of fertiliser companies were in the spotlight on Friday after the Cabinet approved Rs
15,053 crore new procurement policy to ensure remunerative prices for farmers
FACT, RCF, Nagarjuna Fertilizers and Chemicals and National Fertilizers gained up to 12 per cent on September 14.
ILFS group in
Shares of ILFS Transportation fell 21 per cent to Rs 23.75 on September 14, from Rs 30.10 on September 7
Another group stock ILFS Investment Managers declined 13.87 per cent to Rs 9.87, from Rs 11.46 during the same period
ILFS Engineering also lost 21.13 per cent to Rs 13.25
as 67 counters on the NSE
The list included Vedanta, Hindalco, Tata Steel, Tata Global Beverages, MTNL, Castrol India, Uflex, Vadilal Industries and Bajaj
questioned the veracity of allegations of quid pro quo by CEO Chanda Kochhar and her family members and conflict of interest with respect to
loan extended to certain entities, including the Videocon group
Kochhar, who is on leave till the completion of an external enquiry into an alleged conflict of interest, did not attend the AGM
Shares of ICICI Bank closed 2 per cent down at Rs 328.15 for the week ended September 14.
IPO updateThe government-owned Ircon International
is all set to hit capital markets on September 17 with an initial public offering (IPO) of 9,905,157 shares at Rs 10 each in the price band
The issue will close on September 19
Tide turning for Axis Bank Shares of the private lender Axis Bank hit a 52-week high of Rs 676.90 on the BSE, but settled the week at Rs
636.25, down 1.38 per cent against Rs 645.15 on September 7
Shares of the lender hogged limelight after Amitabh Chaudhry of HDFC Life was named its new CEO and MD, who will take office from January 1
