Rel Cap, Rel Home Finance plumb fresh 52-week lows

NEW DELHI: Hitting their fresh 52-week lows, shares of Reliance CapitalNSE -10.36 % fell over 13 per cent to Rs 73.30 while those of RelianceNSE -0.73 % Home FinanceNSE -0.49 % declined over 7 per cent to Rs 13.85 in Friday’s session. Both stocks extended their losing streak to third consecutive session amid reports that Sebi and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked the stock exchanges to collect all necessary information including trade details and statements made…

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FTSE steadies near recent lows, HSBC leads banks

Britain’s top share index steadied near a recent two-week low on Wednesday, with weaker commodities and property-related stocks offsetting an HSBC-led rally in banking stocks. The blue-chip FTSE 100 index was down 0.02 percent in morning trading after hitting its lowest since mid-July in the previous session. The index’s 16-percent rally since a post-Brexit slump is losing steam, with the market facing some selling pressure in the past days. Banks were the top performers, with HSBC helping the UK banking index to gain 2 percent. HSBC shares rose 3.3 percent…

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