Commodity stocks dragged Britain's top share index lower on Wednesday,ending the FTSE 100's recent rally as disappointing U.S. manufacturing data spoiled investors' appetite for risk.
Dr Reddy's Laboratories fell by 5% amid media reports that a US drug maker has sued it.
At 10.02 a.m.,shares of the company were up 6.4 per cent to be at Rs 438.80.
The recent rise in gold prices towards an all-time high of $1,507 an ounce in the international market has added to the regard gold generally receives from Indian retail investors.
The longest rally in developing nation stocks since 1997 may be ending as higher interest rates in Brazil,Russia,India and China curb earnings growth.
We are recommending income funds to investors as they will give good returns,says Canara MF's Jain.
Sebi had rejected 20008 report on IPO scam that indicted NSDL.
We believe the rupee EPS guidance for FY12 was very disappointing. Management guided for 18-20% US dollar revenue growth in FY12,which is in line with our expectation of guidance.
Lifting of export ban improves visibility on volume growth.
BHELs annual profit after tax at R60.2 bn was up 40% YoY on strong sales growth of 27% YoY and margin expansion as staff costs fell to 13% of sales and RM as a percentage of sales came off 130 bps.
We expect robust volume growth to sustain for the GSM incumbents Bharti and Idea and remain muted for RCom on account of the ongoing portfolio rebalancing.
We expect Dr Reddys and Cadila Healthcare,among large caps,to report strong numbers,while in mid-caps,Aurobindo Pharma and Ipca Laboratories will have strong traction.
The fourth quarter would be relatively weak in line with seasonal trends,but...
Stocks are ending the day with small losses after a 7.4-magnitude earthquake struck Japan.
Commodities is increasingly turning out to be a promising asset class that investors cant just ignore.
Wall Street left stock indexes little changed after minutes from the most recent meeting of the Federal Reserve's policy committee...
For most of fiscal 2010-11,Indian stock market outdid developed markets including the US.
BSE small-cap/mid-cap indices underperformed the Sensex by 19.5% and 13.4%.
62% of investors plan to invest in global markets
We initiate coverage of MOIL,Indias largest manganese ore producer,with a Reduce rating and a target price of R337 based on 6.0x FY12e EV/Ebitda.
We initiate coverage on Aurobindo with a Buy rating and PO of R262. Our PO is pegged at 13.5x FY12e,25% discount to peers to factor import alert by FDA.
Mylans suit against the US FDA seeks clarity on whether Ranbaxys ANDA for Lipitor is approvable something that most investors are keen to know as well.
Grasim offers exposure to both cement and VSF and we feel it offers either a cheap entry into cement or cheap entry into a robust VSF outlook,or an attractively valued combination of the two.
I-T has asked NSE,BSE and other bourses to submit monthly statement of all transactions.
Focus of a mutual fund investor should be on equity funds' risk-taking propensity,not just returns.





