Online Producer, New Delhi
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Dec 13, 2010
via Money on the markets

RComm shares rise 2 pct

Shares in Reliance Communications rose 2 percent on Monday after it announced the launch of its third-generation (3G) mobile services in four cities.

The second-largest mobile operator said it would cover all its 13 zones by next March and investors hoped the new service would boost the company’s earnings potential.

Dec 10, 2010
via Money on the markets

Good day for RIL shares

Shares in Reliance Industries, India’s top listed firm, gained 4 percent on Friday, helping the benchmark Sensex post gains of more than 250 points.

RIL, which has the highest weight in the Sensex, ended with volumes of 944,021 on BSE.

Dec 8, 2010
via Money on the markets

HPCL, BPCL shares rise

Shares in oil marketing firms like BPCL and HPCL posted decent gains on Wednesday on hopes of a fuel price hike.

Oil Secretary told reporters India will soon take a decision on raising diesel prices, in an effort to lower the government’s subsidy bill and boost the financial health of oil marketing firms.

Dec 7, 2010
via Money on the markets

Unitech shares rise

Shares in Unitech, one of India’s top listed realty firm, gained 5 percent on Tuesday even as other stocks in the realty index ended weak.

The BSE Realty index ended down nearly 1 percent, with stocks like Indiabulls Real Estate and DB Realty ending down around 5 percent.

Dec 6, 2010
via Money on the markets

Banking index falls more than 2 pct

It was not a great start to the week for banking counters, as the BSE Banking index dropped 2.3 percent on fears margins could be hit.

India’s top lender State Bank of India said it will raise deposit rates by between 50 and 150 basis points for various maturities, with effect from Dec. 7.

Dec 2, 2010
via Money on the markets

Real estate index rises

Stocks of real estate firms posted decent gains on Thursday, with HDIL standing out with a 9 percent jump.

The realty index closed 2.2 percent higher, topping the BSE sectoral indices table.

Dec 1, 2010
via Money on the markets

IOC shares surge

Shares in Indian Oil Corporation ended 10.96 percent higher on Wednesday. Its chairman said the firm aims to raise $4.4 billion in January through a FPO and that the pricing for offer was likely to be at 450 rupees apiece.

Shares were up as much as 14 percent during trade.

The Indian government is selling a 10 percent stake, while the company will offer an equal number of new shares to raise 20 billion rupees, making the sale the biggest-ever share offering in the Indian market.

Nov 29, 2010
via Money on the markets

Reliance Industries gains


Reliance Industries gained 3.7 percent on Monday, recovering from the recent underperformance.

Shares in India’s top listed firm closed at 998.2 rupees after helping the benchmark index gain more than 200 points.

Nov 24, 2010
via Money on the markets

Bank index falls on probe report


The banking index ended 2.9 percent lower on reports pointing to a probe into loans issued by some financial institutions, adding to investor nervousness.

After market hours, the CBI arrested eight top officials from banks and financial firms on charges of taking bribes to grant corporate loans.

Nov 22, 2010
via Money on the markets

SKS Microfinance shares rise


Shares in microlender SKS Microfinance rose 5.75 percent to close at 714.45 rupees on Monday.

Shares took a beating on Thursday and fell 20 percent after the lender said the new regulations could squeeze profit and revenue. However, SKS on Friday said its balance sheet was healthy.

    • About Aditya

      "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
      Joined Reuters:
      July 2008
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