12:00
Moneycontrol Bureau 12:20pm PNB denies mergerIn a clarification note to the exchange with respect to news article appearing in the newspaper today titled "Merger threat hangs over Andhra Bank", Punjab National Bank said, "We have to inform that no such development is in the knowledge of the management of our bank."
12:00pm Market Check
Equity benchmarks trimmed losses amid consolidation in noon trade today but the rupee extended fall, losing 27 paise to 63.30 a dollar.
The Sensex fell 14.11 points to 27485.31 and the Nifty declined 5.50 points to 8277.20 while the BSE Midcap and Smallcap indices gained 0.6 percent and 1 percent, respectively.
The market breadth was positive as about 1508 shares have advanced and 808 shares declined on the Bombay Stock Exchange.
Prashant Jain of HDFC Asset Management says the firm can not expect gains from equities in 2015 to be more than 2014 but expects equities to outperform other asset classes in the long term. He is optimistic on the economic recovery, saying India is one of the few countries where interest rates will come down.
A day after data showed that coal output grew by 14.5 percent in November, coal secretary, Anil Swarup told CNBC-TV18 that Coal India's output is expected to grow by 10 percent this year at 507 million tons. For over a decade now, Coal India's output has been rising by less than 5 percent a year. Swarup said arrangements are in place to despatch all these 507 million tons.
Auto stocks remained in focus today ahead of sales numbers for the month of December. Maruti Suzuki posted strong numbers, slightly better-than-expected as sales for Ciaz and Celerio led to good overall growth.
Andhra Bank gained 4 percent on reports that the bank is a probable candidate for a merger with Bank of Baroda or PNB. However, the management told CNBC-TV18 recently that their capital requirement from the government reduced to Rs 200-300 crore versus Rs 800 crore earlier. They're not sure if consolidation is a part of the upcoming 2-day discussion in Pune.
Aban Offshore, Force Motors, BF Utilities, Gati, Andhra Bank, SBI and Infosys were the most active shares on exchanges.
Anda sedang membaca artikel tentang
Sensex, Nifty flat; Aban, Gati, Andhra Bank most active
Dengan url
https://rokokkanker.blogspot.com/2015/01/sensex-nifty-flat-aban-gati-andhra-bank.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sensex, Nifty flat; Aban, Gati, Andhra Bank most active
namun jangan lupa untuk meletakkan link
Sensex, Nifty flat; Aban, Gati, Andhra Bank most active
sebagai sumbernya
0 komentar:
Posting Komentar