Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
REUTERS SHOWCASE
Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
MARKET EYE-BoA-ML names Union Bank top Indian govt lender
 |
The many faces of Sreesanth
The various emotions and reactions of Shanthakumaran Sreesanth on and off the cricket field. Slideshow
* Bank of America-Merrill Lynch upgrades Union Bank of India to 'buy' from 'underperform' after the state-run lender reported a surge in July-September earnings on Friday. * BoA-ML says "asset quality was far better than expected," and adds: "We believe the worst is behind us." * The investment bank calls Union Bank its top pick among government-run banks, says earnings to improve on the back of lower credit costs, while margins are showing signs of stability. * BoA-ML also raises its price objective on the stock to 270 rupees from 175 rupees. * Union Bank shares down 1.4 percent at 220.00 rupees as of 0758 GMT after surging 15.7 percent over the previous three sessions. (manoj.dharra@thomsonreuters.com)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters