Facebook Pixel Code

Quick view: Sensex down 51 points, IT & bank stocks drag

The benchmark Sensex fell for the first time in three days on Monday

The benchmark Sensex fell for the first time in three days on Monday, slipping 51 points amid profit booking and caution after the Reserve Bank of India said any political instability after next year’s general election would further hurt the economy. Realty, IT and bank stocks led eight of the 12 BSE sectoral indices lower. Infosys and ICICI Bank were the biggest drag on the index. Bajaj Auto and Mahindra & Mahindra were among the major Sensex losers.

BSE includes Dabur India in S&P BSE Carbonex index

BSE has included Dabur India in the S&P BSE Carbonex, the first of its kind index in the country that recognises companies that are committed to climate change mitigation. Dabur’s inclusion in the index is an acknowledgement of the company’s ongoing initiatives in sustainability.

Yuan hits record high on strong central bank fixing

China’s yuan hit a record high on Monday, as traders say authorities are guiding the yuan stronger in the final days of the year to achieve a pre-determined yearly appreciation target. Spot yuan changed hands at 6.0641 per dollar at midday, 0.07% stronger than Friday’s close, after touching an all-time high of 6.0637 earlier in the morning.

Manappuram Finance issues R100-cr NCDs

Manappuram Finance launched a public issue of secured and redeemable NCDs with an issue size of R100 crore. The issue will have a green shoe option of an equal amount, VP Nandakumar, MD-CEO, said. The tenure of the debentures, with face value of R1,000, would range from 400 days to 70 months, he said.

NHB?s tax-free bonds fully subscribed on day 1

National Housing Bank?s (NHB) public issue of tax-free bonds was fully subscribed on its opening day on Monday. NHB?s issue managed to raise R4,366 crore against the green shoe option of R2100 crore via its public issue of tax-free bonds, said Ajay Manglunia, senior vice-president at Edelweiss Capital.

RBI extends deadline for CPI-linked bonds

RBI on Monday extended the deadline for the issuance of the consumer price index (CPI) linked bonds to March 31 from the earlier December 31. The rate on these bonds would be linked to the CPI. The interest rate would comprise two parts ? a fixed rate of 1.5% per annum and inflation rate based on CPI with a lag of three months.

Sebi slaps R20-lakh fine on Angel Broking

Sebi imposed a penalty of R20 lakh on Angel Broking for alleged violations of stock broker norms and fraudulent dealings in shares of Sterling Green Woods. Sebi imposed a fine of R10 lakh on Angel Infin, an Angel Broking client, for violations of Prohibition of Fraudulent and Unfair Trade Practice regulations.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 31-12-2013 at 03:38 IST
Market Data
Market Data
Today’s Most Popular Stories ×