Shares of Apollo Hospitals Enterprise dropped 8 percent in opening trade on April 29 as investors remained wary of the valuations commanded by the company's arm, Apollo HealthCo, in its recent deal with Advent International.At 9.53 am, Apollo Hospitals was trading at Rs 5,750 on the NSE.Apollo HealthCo, which manages the company's Apollo 24/7 vertical, will raise Rs 2,475 crore from global private...

Shares of Yes Bank jumped as much as 6 percent and SBI gained over 1 percent on fresh news reports that the state-run lender has got the government nod to exit the private bank stake.A news report on April 29 said that SBI has received the government's approval to divest its entire 25.02 percent stake in Yes Bank, as a lock-in period ended in March.Earlier, media reports said that SBI is likely to...

Shares of BSE plunged 18 percent in morning trade on April 29 after the Securities and Exchanges Board of India asked the exchange to pay the regulatory fee based on the notional value of its options contracts and not based on the value of the premium value.The development is set to hit the financials of BSE as it results in a big jump in BSE's regulatory fee which has caused investors to dump the...

Contrarian storyCement is not the hottest of sectors right now, given that cement prices have been under pressure for the last few months. But that is no deterrent for a group of HNIs who have been drumming up volumes in the Andhra Cements stock. Of the 7 lakh plus shares traded on the NSE on Friday, around 4.6 lakh shares resulted in delivery. The bulls have their task cut out though. Institution...

Domestic benchmark indices Sensex and Nifty gained on April 29 morning, tracking strong moves in Asia-Pacific markets. However, experts warned that higher bond yields could derail the equity bull run, advising investors to adopt a stock-specific strategy amid ongoing corporate earnings season.Around morning, the Sensex was up 332.74 points or 0.45 percent at 74,062.90, and the Nifty was up 75.40 p...