The BSE Banking index fell 0.8 percent on Friday, as the BSE Sensex ended its positive run of eight sessions to end marginally lower.
PNB was the top loser in the index, closing down 3.3 percent. Bank of Baroda ended down 1.7 percent. ICICI Bank, India’s No. 1 private lender, ended down nearly 1 percent.
Auto stocks struggled in trade on Friday, as stocks like Exide Industries, M&M and Maruti Suzuki fell, pushing the sectoral index down 2 percent.
Exide Industries ended down 4.6 percent as the top loser in the auto index, followed by M&M which dropped 3.3 percent.
NEW DELHI (Reuters) – Diversified stock funds lagged the Sensex in February, as exposure to mid- and small-cap shares and sectors like capital goods hurt net asset values.
Diversified funds fell 4.66 percent on an average during the month, compared with a 2.75 percent fall in the benchmark, data from global fund tracker Lipper, a Thomson Reuters company, showed.
NEW DELHI, March 3 (Reuters) – India’s diversified stock
funds lagged the benchmark index .BSESN in February, as
exposure to mid- and small-cap shares and sectors like capital
goods hurt net asset values.
Diversified funds fell 4.66 percent on an average during
the month, compared with a 2.75 percent fall in the benchmark,
data from global fund tracker Lipper, a Thomson Reuters
Here are the current income tax slabs, applicabl for financial year 2011-2012. Watch this space for latest updates on income tax slabs in Budget 2011.
For a illustration of tax calculation for FY2011, click http://tinyurl.com/newtaxslabs
It was a good day for banking counters, as the banking index ended with gains of 1.5 percent in a Mumbai market that ended 200 points higher.
HDFC Bank was the top gainer in the index, ending up 4.15 percent, followed by IndusInd Bank which gained 2.4 percent. Federal Bank was the only stock in the index which ended in red.
Shares in Unitech, one of India’s leading real estate firms, rose 9.3 percent to close at 38.2 rupees, after a sell-off amid allegations that the firm was among those who were favoured in 2G licence grants in 2008.
On Tuesday, the CBI questioned Unitech’s MD as part of a probe into the alleged telecoms corruption scandal.
Software services exporter Mahindra Satyam jumped 11.7 percent to 64.65 rupees after the firm reported its third quarter net profit, which more than doubled from a quarter ago.
The company also said that it put a planned merger with its parent firm, Tech Mahindra, on hold.