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Tata Steel slips over 1% SBI Life Falls Over 5% -  On Investors’ OFS Plans Shares of SBI Life Insurance fell as much as 5.4 percent to Rs 672.35. The company’s foreign partner BNP Paribas Cardif plans to sell up to 2.5 crore equity shares at Rs 650 per share, a discount of 8.5 percent from Monday’s close. The offer shall take place over two trading days on June 25 and June 26. Trading volume was more than 30 times its 20-day average. The stock declined 4.1 percent in the past five days and 1.6 percent in the past 30 days. Oil Marketers Rally On Falling Crude Prices -  Shares of the oil marketing companies rallied after the Brent crude extended declines for the second consecutive trading session and fell 0.85 percent to $64.31 a barrel. Rupee opens marginally higher at 69.32 per dollar - The Indian rupee opened marginally higher at 69.32 per dollar on Tuesday versus previous close 69.35. On June 24 the Indian rupee has recovered from the low and ended 23 paise h...

Tata Steel Ends Four-Day Fall-   Top Nifty Performer Shares of the steelmaker snapped its four-day losing streak and gained close 4.1 percent to Rs 491.80 each. Brokerage firm Goldman Sachs reinstated 'Buy' with a target price of Rs 570 on the stock. On the Indian steel sector as a whole, Goldman said the global activity slowed significantly and China growth concerns impact spreads. Can Fin Homes Surge-  After Promoter Gets Nod To Cut Stake Shares of the housing finance company rose 5.6 percent, the most in a month, to Rs 363 apiece? Canara Bank board permitted to sell stake in the company in part or full, according to an exchange filing. Stake sale to happen at an appropriate time depending on the market conditions and available options, the filing said. IRB Infra Hits -  Five Year Low Shares of the Mumbai-based infrastructure company fell for the third session in a row after it declined 14.2 percent intraday to Rs 89.55 each. National Highway Authority o...

Tata Steel, Kotak Mahindra among top losers - SBI shares are up 1.8% to Rs 313.50, while ONGC shares are trading 0.6% higher at Rs 167.80 to emerge among the biggest Sensex gainers. Tata Steel shares are down 2% to Rs 478.80, while Kotak Mahindra shares are down by 0.5%.  L&T Falls - Shares of Larsen & Toubro fell as much as 1.2 percent to Rs 1,338.85 after the company announced its March quarter results on Friday.  Tata Steel, Hindalco, Eicher Motors, Dr. Reddy's Lab Grasim Industries and Indiabulls Housing are among major losers on the indices, while gainers are TCS, SBI, Wipro, HCL Tech and Tech Mahindra. Except for FMCG and IT, all other sectoral indices are trading in the red. Rupee Opens: The Indian rupee slipped in the early trade on Monday. It opened lower by 23 paise at 70.14 per dollar versus previous close 69.91 yesterday. SRF Swings -  On Unit Sale Plans Shares of the industrial chemicals maker fluctuated between gains and losses t...

Cyient Surges 9%-  Cyient Jumps The Most In A Year Shares of the engineering services provider surged 9 per cent intraday to Rs 636.65. The company reported its fourth-quarter earnings on Thursday. The Hyderabad-based company’s net profit nearly doubled to Rs 176 crore, while its revenue fell 2.1 per cent to Rs 1,162.9 crore. The gainers in the morning session are Axis Bank, HCL Tech, Bharti Airtel, Sun Pharma, Yes Bank, GAIL, Dr Reddy's Lab, SBI, Tata Steel, Indiabulls Housing, Bharti Infratel and Zee Entertainment, while losers are Maruti Suzuki, Tata Motors, Hero Moto, M&M and Kotak Mahindra Bank. Among the sectors, except auto all other sectors are witnessing buying led by metal, pharma, bank, infra, energy, IT and FMCG. Rupee Opens: The Indian rupee gained in early trade on Friday. It opened higher by 16 paise at 70.09 per dollar versus previous close 70.25. Tata Steel, Axis Bank shares jump- Shares of the steelmaker rose 3.6 per cent, the most in over a ...

DLF Drops Over 5%  - After A Block Deal, Shares of DLF fell as much as 5.3 per cent, the most in over two months, to Rs 191. About 6.81 crore shares or 3.5 percent equity changed hands in a single block deal. Tata Steel, Lakshmi Vilas Bank shares jump - Shares of Tata Steel are trading 1.5% higher at Rs 556.35 after the firm reported record output post deal with Bhushan Steel. Lakshmi Vilas Bank shares jumped 5% to hit the upper price band at Rs 97.35 in the opening trade after the lender is all set to seek RBI, not for an intended merger with Indiabulls Lakshmi Vilas Bank board clears merger with Indiabulls Housing Finance -   Board of Lakshmi Vilas Bank on Friday approved merger with Indiabulls Housing Finance in a through a share swap deal, both companies said in separate regulatory filings. The shareholders of the private sector lender will get 0.14 share of Indiabulls Housing Finance for every 1 equity share held. The given merger is subject to the Reserv...