Stock Market

 

Market Wrap: Tiny Tots outpacing Big Daddies

Apr 13 2015

Small and midcap stocks hit all-time highs, gaining faster than bluechips as investors feel confident about India’s growth prospects.

Nine of top 10 Sensex firms add Rs 1,02,729 Cr in Mrkt capitalisation

Apr 12 2015

The total market capitalisation of nine of the top-10 Sensex firms advanced by Rs 1,02,729 crore.

BSE Sensex, NSE Nifty up 2.0 pct on Moody’s positive credit outlook

Apr 11 2015

The benchmark BSE Sensex and NSE Nifty rallied for the second week in a row by over 2.0 percent.

Moody’s props up Market Mood

Apr 09 2015

Moody’s and Fitch endorse India growth story which bodes well for stock in coming days.

Markets at 3-wk high on loan rate cuts, EM bull-run

Apr 08 2015

Heavy weights CIL, RIL and Infy pull up indices and REC gets overwhelming retail response.

Indian Markets

 
  • SENSEX

    37,852.00 207.10   (0.55 %)
  • NIFTY

    11,435.10 79.35   (0.70 %)
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Global Markets

 

Stocks In News

 

BHARTI AIRTEL

Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports

MAX INDIA

Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports

NAVNEET EDUCATION

To decide on buy back of shares on Aug. 20

JET AIRWAYS CLARIFIES

Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports

NSE TO JET AIRWAYS

Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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