RBI planning more measures for NBFCs
RBI Dep governor Dr R Gandhi, RBI is considering more measures for NBFCs, including more oversight and bringing state-owned firms under central bank supervision. Other measures being considered include a review of regulations of NBFCs within the microfinance sector and a system for tackling customer complaints. While the norms have already been notified for NBFCs recently, the RBIs statement suggests tightening of norms for govt owned NBFCs like PFC, REC which would be negative for these companies.
ITC drags Sensex, Nifty
ITC has cracked 5 per cent, and has alone accounted for a loss of 115 points on the BSE Sensex. The markets have extended losses in the mid-noon deals on the back of sharp fall in ITC on reports that the Health Ministry has approved a ban on sale of loose cigarettes. The Cigarette maker - ITC alone has accounted for a loss of 115 points on the BSE Sensex.
Siemens slips ahead of result
The stock has tumbled over 5 per cent from the day's high. Siemens is trading on a weak note as the traders are cautious ahead of its results. The company will be announcing its Q4 results today. The stock extended its earlier losses and cracked 5.4 per cent from the day's high of at Rs 945 to touch a low at Rs 894.Now, the stock is now down 4 per cent at Rs 898. On the BSE counter, so far 53,000 shares are traded, against its two-week daily average volume of 46,000 shares.
Ahmednagar Forgings sheds another 10 per cent
The stock has plunged by 21.6 per cent from the highs yesterday after announcing Q2 results. The company reported a significant 23.2 per cent fall in Q2FY15 net profit at Rs 44.34 crore when compared with Rs 57.73 crore for Q1FY14. Total was down marginally at Rs 642.52 crore from Rs 694.52 crore on q-o-q basis.
JK Tyre hits record high on fund buying
JK Tyre & Industries surged nearly to Rs578.8, after a foreign fund bought 0.5% stake in the tyre maker on November 24, 2014. Foreign fund Merrill Lynch Capital Markets Espana S.A. SVB bought 2.07 lakh shares of JK Tyre & Industries at an average price of Rs536.24 per share in a bulk deal on NSE on Monday, (November 24, 2014).
Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
0 Comments