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Showing posts with the label Indian Economy

Stock Market News - BHEL Surges 27%, Reliance shares up

3M India Slumps After Large Trade Shares of 3M India fell as much as 9.9 percent, the most in over a month, to Rs 20,610. About 2,00,173 shares 1.8 percent equity of the company changed hands in large trade, Bloomberg data showed. Buyers and sellers were not known immediately. Trading volume was almost six times its 20-day average, according to Bloomberg data. BHEL Surges The Most In Over A Decade Shares of Bharat Heavy Electricals rose as much as 26.6 percent, the most since May 2009, to Rs 56.45. The stock extended gains for the second consecutive trading session.  A group of secretaries will meet on Oct. 18 to consider cutting the government’s holding below 51 percent in at least eight public-sector companies, a person familiar with the matter said, as the Modi administration looks to bridge the budget gap. NEWS ALERT | China third-quarter GDP grows 6%: Reuters -- Growth slowest in almost three decades -- Production hit by soft factory production -- T...

Stock Market News - Adani Gas Jumps, Infosys Worst Performer

NEWS ALERT | US court delivers a verdict against UPL arm: BSE Filing -- Delivers verdict in favor of AgroFresh who pursued litigation demanding $373 m towards unjust enrichment, lost profits & as punitive damages -- UPL says it is disappointed in the jury's verdict & will seek to overturn it World Bank says the slowdown in India is severe, cuts GDP forecast to 6% -  The World Bank cut India’s economic growth forecast by the most among South Asian nations on Sunday, below the outlook pegged by the nation’s central bank for this year, mainly because of a deceleration in domestic demand. Infosys Worst Performer On Sensex, Nifty  Shares of Infosys fell as much as 4.3 percent to Rs 780. The stock was the worst performer on Sensex and Nifty after reporting the September quarter results on Friday. Adani Gas Jumps After Total Makes Open Offer Shares of Adani Gas rose as much as 18.4 percent, the most in nearly a year, to Rs 163. Total SA will acquire a...