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Market News

Location American Market News for 26 December 2016
Live: Sensex falls over 220 points, DLF shares down 6% BSE Sensex is currently trading lower by 228 points, or 0.88%, to 25,812, while the Nifty 50 of the NSE falls 80 points, or 1%, to 7,906
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Lupin gets USFDA's approval for hypertension drug

livemint.com - 26 Dec 2016 08:39
Lupin gets USFDA's approval for hypertension drug Lupin has received tentative approval from USFDA to sell Olmesartan medoximil tablets, used for treating high blood pressure
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Did you know? What the Real estate (regulation and development) Act, 2016 is about One of the most important clauses of the Act stipulates compulsory registration of all the residential real estate projects with plot size more than 500 sq. meters, with the regulator
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A tax exemption is available if a property is received from a relative With respect to the above transaction, it would be advisable to have documentation in place to substantiate the genuineness of the transaction and evaluate stamp duty implications
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Realty gloom over home loans

livemint.com - 26 Dec 2016 13:50
Realty gloom over home loans The year also saw the launch of differentiated home loan products. For instance, SBI launched home loans targeted at government employees and defence personnel
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Regulatory, digital push for insurance

livemint.com - 26 Dec 2016 00:37
Regulatory, digital push for insurance The industry's year was dotted with the listing of one life insurer, steps taken for consolidation and a framework getting ready for a digital push in the sector
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PFRDA aims to train 1.2 lakh people on NPS schemes

livemint.com - 26 Dec 2016 17:18
PFRDA aims to train 1.2 lakh people on NPS schemes PFRDA aims to train people in government (80,000), PoPs (19,200), Atal Pension Yojna (10,000) and corporates (4,800) over 3,050 sessions
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2016: a difficult year for real estate

livemint.com - 26 Dec 2016 13:43
2016: a difficult year for real estate While the sector grappled with low sales, demonetization struck another blow. But the new benami Act and the real estate Act will give the sector a long-term fillip
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Nifty falls to seventh-month low on worries over capital gains tax Narendra Modi said that people in financial markets must make a fair contribution to nation building, comments that were seen as setting up the prospect of higher taxes
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Bitcoin Investors Should Send A Thank You Note To India's Modi And Venezuela's Maduro Bitcoin is racing towards the $1000 mark again. And the recent currency policies of India's Modi and Venezuela's Maduro may have something to do with it. How? By pushing people into Bitcoins--the digital currency rally c...
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Rupee opens at 67.81 against US dollar amid thin trade At 9.15am, the rupee was trading at 67.82 per US dollar, up 0.01% from its previous close of 67.83
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Expect improved and innovative health products in 2017 With wider reach of internet and smartphones, and the government's focus on digital transactions, fintech in insurance is poised to make a big impact in 2017
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Gold prices slump to 11-month low on weak demand

livemint.com - 26 Dec 2016 13:23
Gold prices slump to 11-month low on weak demand Gold prices of 99.9% purity plunged by Rs250 to Rs 27,550 per 10 gram--a level not seen since 4 February when it had closed at Rs27,575
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Opening bell: Asian markets open mixed; ICICI Bank, Maruti in news In other news, restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond 30 December
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Idea Cellular sees biggest cut in earnings estimate

livemint.com - 26 Dec 2016 20:05
Idea Cellular sees biggest cut in earnings estimate Govt nod to a proposal to replace 11,000 MW of thermal power plants older than 25 years; passenger growth in Indian aviation higher than capacity growth
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Bracing For A Volatile New Year

Forbes - 26 Dec 2016 15:52
Bracing For A Volatile New Year Spot VIX closed on Friday at 11.44, similar to levels at the end of August. Seasonality is a driving factor as the number of holidays and the reduced staffing levels across Wall Street tend to dampen volatility and reduc...
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Gold prices extend gains for second day, silver prices decline Standard gold prices moved up by Rs50 to close at Rs27,330 per 10 grams from last weekend's level of Rs27,280
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BSE to introduce six-year govt bond futures from 30 December BSE's interest rate futures contract is based on 6.84% central government security maturing on 19 December 2022, and will be available for trading from 30 December
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Banks' Interest-Rate Dreams Coming True

Wall Street Journal - 26 Dec 2016 22:59
Big U.S. banks have rallied in recent months amid rising interest rates but, if the Fed carries out its plans, there is room for them to keep rallying.
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Trump Trade Causes Pain in Spain

Wall Street Journal - 26 Dec 2016 21:04
Spanish banks may suffer from emerging-market woes following Donald Trump's U.S. election victory, particularly those exposed to Mexico.
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