TOP FIVE CORPORATE NEWS:-
Maruti Suzuki gains on talk of promoter stake hike plan.
Maruti Suzuki India is trading higher by 2% at Rs 1,816, on reports that the company’s foreign promoter is planning to increase its holding in the company. The stock opened at Rs 1,795 and hit a record high of Rs 1,830 on the NSE.
Reliance Industries gains after Cabinet solves gas price issue.
Shares of Reliance Industries were up by 4 % percent in after the Cabinet decided to allow the company to sell gas at a new price with some riders. The Cabinet allowed Reliance Industries to almost double the price of natural gas from April 21, 2014.
Just Dial soars ahead of FTSE inclusion.
Just Dial has moved higher by 5%, extending its over 10% rally in past three days on the NSE, ahead of its entry in the FTSE All Cap index from 23 December 2013. The stock opened at Rs 1,269 and touched a high of Rs 1,361 on NSE.
Infosys close to getting biggest weighting in Sensex.
Infosys Ltd is poised to overtake ITC Ltd as the stock with biggest Weighting Sensex and broader Nifty. Infosys' weighting in the Sensex currently stands at 9.70%, only 15 basis points away from 9.85% for ITC, Thomson Reuters Data show.
SBI slashes home loan rates by up to 0.4%.
Country's largest bank State Bank of India (SBI) today cut home loan rates by up to 0.4 per cent for new borrowers, a day after RBI kept its key policy rates on hold. Women borrowers would get an additional 0.05 per cent concession on card rates. SBI home loans will now be available under two slabs--under Rs 75 lakh and above Rs 75 lakh.
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