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-India's ITC gains as fears of duty hike recede
 |
The many faces of Sreesanth
The various emotions and reactions of Shanthakumaran Sreesanth on and off the cricket field. Slideshow
* Shares in ITC gain 0.9 percent to 300 rupees, not far off a record high of 306.50 rupees hit on Dec. 12, 2012, as investors see previous fears of a potential duty on cigarettes as having dragged down the stock excessively. * Shares in the cigarette maker fell 11.7 percent in December on fears of tougher regulations on tobacco products. * Buying in defensive stocks this week on nervousness ahead of the RBI policy review on Tuesday also seen helping. * ITC shares have risen 3.5 percent this week, as of Thursday's close compared with a fall of 0.6 percent in India's BSE index . * ITC last week beat estimates with a 21 percent rise in quarterly profit as cigarette volumes improved after four quarters of stagnant growth. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
- 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