News of the day:
Steel shares rose after the Minister of Steel, Mr. Beni Prasad Verma on Thursday, 7 March 2013, said that the Supreme Court has permitted some mines in Karnataka to reopen. JSW Steel, Tata Steel, Steel Authority of India (Sail), Bhushan Steel and Jindal Steel & Power rose by between 0.28% to 5.51%. In a written reply in the Rajya Sabha on Thursday, 7 March 2013, Verma said that some iron and steel companies and industry associations such as Karnataka Iron and Steel Manufacturer's Association had requested Ministry of Steel for intervention in reopening of iron ore mines in Karnataka, which had been closed as per orders of Supreme Court. He said that the Ministry of Steel has informed Supreme Court about the requirement of iron ore of iron and steel industry located in and around Karnataka. The matter was also taken up with the Government of Karnataka. Supreme Court has now permitted some mines in Karnataka to reopen, Verma said.
NSE's INDIA VIX, was up 2.06% level, at 13.34
Amongest the Indices CNX DEFTY was UP 1.82 % closed at 1.82
Stock Specific news:
Did you Know:--->
Steel shares rose after the Minister of Steel, Mr. Beni Prasad Verma on Thursday, 7 March 2013, said that the Supreme Court has permitted some mines in Karnataka to reopen. JSW Steel, Tata Steel, Steel Authority of India (Sail), Bhushan Steel and Jindal Steel & Power rose by between 0.28% to 5.51%. In a written reply in the Rajya Sabha on Thursday, 7 March 2013, Verma said that some iron and steel companies and industry associations such as Karnataka Iron and Steel Manufacturer's Association had requested Ministry of Steel for intervention in reopening of iron ore mines in Karnataka, which had been closed as per orders of Supreme Court. He said that the Ministry of Steel has informed Supreme Court about the requirement of iron ore of iron and steel industry located in and around Karnataka. The matter was also taken up with the Government of Karnataka. Supreme Court has now permitted some mines in Karnataka to reopen, Verma said.
NSE's INDIA VIX, was up 2.06% level, at 13.34
Amongest the Indices CNX DEFTY was UP 1.82 % closed at 1.82
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Did you Know:--->
- The two main stock exchanges for Equity Trading in India are thBombay Stock Exchange (BSE) and the National Stock Exchange (NSE). BSE is the oldest stock exchange in Asia and claims to have the largest number of listed companies in the world. However, of the 8900 scrips (stocks) listed, only about a third (around 3000) are traded every day.
