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Movers and Shakers: Stocks that will see action this week - The Hindu BusinessLine

Movers and Shakers: Stocks that will see action this week - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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With great power comes great responsibility: Ontario court gives primer on insurance appraisals

Introduction
The Ontario Insurance Act requires that every property insurance contract in the province gives the parties a right to require that disagreements about the amount of an insured loss be resolved via an appraisal process.(1) Other provinces insurance statutes contain similar provisions.(2) However, the principles applicable to appraisals are often not well understood.
Northbridge General Insurance Corp v Ashcroft Homes-Capital Hall Inc(3) seems to be the latest example of this. In this case, an Ontario judge terminated an appraisal and, in the course of doing so, reviewed the principles applicable to appraisals.
Facts
Ashcroft Homes involved a condominium tower built by Ashcroft that caught fire during construction. Northbridge, the insurer for the tower, exercised its right to an appraisal after the parties positions on the extent of the covered loss diverged dramatically. ....

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52-week low: Stock market update: 8 stocks hit 52-week lows on NSE

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NEW DELHI: Around 8 stocks fell to touch their 52-week lows on NSE in Wednesday s session.
Among the stocks that touched their 52-week lows were: Indigo Paints, BCL Industries, Novartis India, Jiya Eco-Products, Sanginita Chemicals, Silgo Retail, B.C. Power Controls and SMC Global Securities.
Domestic benchmark index NSE Nifty was trading 9.20 points down at 14901.25, while the BSE Sensex was trading 32.86 points up at 50396.82.
On the other hand, General Insurance Corp, Dalmia Bharat, Orchid Pharma , Adani Power and Intellect Design stocks hit their fresh 52-week high today.
In the Nifty 50 index, ITC, HDFC Bank, Infosys, HDFC and Tech Mahindra were among the top gainers on the NSE. However, BPCL, Coal India, ONGC, NTPC and Sun Pharma were among the top losers. ....

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pharma stocks: Stock market update: Nifty Pharma index falls over 1%; Lupin slips over 2%

NEW DELHI: Nifty Pharma index was trading with losses at 01:50PM (IST) on Wednesday.
Shares of Lupin (down 2.42 per cent), Cipla (down 2.06 per cent), Sun Pharma (down 2.0 per cent), Dr Reddy s Laboratories (down 1.77 per cent) and Cadila Healthcare (down 1.6 per cent) were the top losers in the index.
While Aurobindo Pharma (up 0.78 per cent) were among the top gainers.
The Nifty Pharma index was trading 1.3 per cent down at 11856.4 around 01:50PM.
Benchmark NSE Nifty50 index was down 88.60 points at 14821.85, while the BSE Sensex was down 228.83 points at 50135.13.
Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red. ....

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52-week low: Stock market update: 5 stocks hit 52-week lows on NSE

Domestic benchmark index NSE Nifty was trading 103.80 points up at 15033.3, while the BSE Sensex was trading 413.09 points up at 50808.17. ....

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