Market Pulse
Sensex losers, gainers this week
It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
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Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
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Jaiprakash Power shares fall; promoters sell
Reuters Market Eye - Shares of Jaiprakash Power Ventures Ltd(JAPR.BO) fell as much as 10.22 percent on Tuesday after the company's promoters sold 49.7 million shares, or about 2 percent of its equity, at an average price of 39 rupees a share.
The block deal was at a 6.14 percent discount to Monday's closing price 41.55 rupees, according to Thomson Reuters data.
The company raised about 1.94 billion rupees in a series of block deals on the Bombay Stock Exchange, the data showed.
Bank of America Merrill Lynch was the sole manager to the transaction, according to two sources with direct knowledge of the deal.
Jaiprakash Power and Bank of America Merrill officials were not immediately available to comment.
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