Moneycontrol.com

  • Sensex rebounds 68 points as pharma, FMCG, banking shares rise 05-03-2015 09:36 AM

    Mumbai: After taking a day's breather, markets on Thursday continued their upward journey with the benchmark Sensex rebounding over 68 points while the Nifty edged up 15 points on buying in pharma, FMCG, banking and auto shares amid sustained foreign fund inflows. In volatile movements, the 30-share BSE index opened...
  • Sensex falls 644 from top after hitting 30,000 on RBI rate cut 04-03-2015 09:23 AM

    Mumbai: Benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut. The 30-share BSE Sensex shed 213 points to close at 29380.73, after hitting a new high of 30024.74 intraday. The 50-share...
  • Budget 2015: Nifty at 1-month closing high, Sensex up 141 points; banks soar 28-02-2015 09:19 AM

    Mumbai: After a volatile day, the market ended Budget day trading on a higher note. The Nifty was at a 1-month closing high. The 50-share index was up 57.25 points at 8901.85. The Sensex ended up 141.38 points. About 1241 shares have advanced, 1494 shares declined, and 220 shares are...
  • Rail Budget dampner, Nifty ends at 8684 26-02-2015 09:47 AM

    Mumbai: The Rail Budget failed to enthuse investors dragging the market after Minister Suresh Prabhu hiked freight rates. February F&O expiry also added pressure in the market. The Nifty ended F&O expiry at 8683.85, down 83.40 points or 0.9 per cent. The Sensex lost 261.34 points or 0.9 percent at...
  • Railway Budget 2015: HC tells Railways to reconsider commuters' security policy 26-02-2015 09:19 AM

    Mumbai: The Bombay High Court on Wednesday asked the Railways to reconsider its policy on providing security to commuters in long-distance trains while hearing a petition filed by a young woman who lost her leg after being was pushed out of a moving train as she was chasing a thief...
  • Rail Budget: Prabhu needs to look for ways to raise funds 26-02-2015 08:08 AM

    New Delhi: The world's largest passenger carrier (23 million a day), fourth-largest freight carrier (1 billion tonne a year) that operates 19,000 trains daily covering a 65,000 kilometres of route length, the Indian Railways truly is a story of scale. However, another story that has run alongside and grew every...
  • Uinon Budget 2015: Fiscal stimulus averaging 1 per cent of GDP will be good, says Edelweiss 25-02-2015 06:44 PM

    It's just a few days left for the Union Budget and expectations are running high. Nirav Sheth, head of sales & strategy - Wholesale Capital Markets - Edelweiss Financial Services, feels the market would be looking at the whole package and not just one or two key announcements. According to...
  • Rail Budget 2015: Have single window clearance for infra cos, says BMR 25-02-2015 05:50 PM

    Revival of investor confidence is key to put economy back on a growth trajectory. The National Manufacturing Policy ("NMP") and the 'Make in India' campaign (along with the National Manufacturing Competitiveness Programme) is expected to position India as the 'business partner' for creating a 'world class manufacturing hub'. While manufacturing...
  • Union Budget 2015: FM must set realistic revenue, spend targets, says Religare 25-02-2015 05:25 PM

    Brokerage house Religare expects the government to continue on the path of fiscal consolidation in the upcoming Budget. But it has cautioned that unlike in the past, revenue and expenditure targets need to be realistically framed. Also, a credible fiscal consolidation strategy over the medium-term is highly anticipated and required,...
  • Union Budget 2015: FM needs to kickstart investment cycle, feels CII 25-02-2015 05:14 PM

    New Delhi: As Finance Minister Arun Jaitley gets ready to give final touches to Budget 2015, India Inc is hoping for bolder reform action to revive growth but can the finance minister manage to put up a fine balancing act? Speaking to CNBC-TV18's Shereen Bhan, CII president Ajay Shriram said...
  • Rail Budget 2015: Titagarh, Texmaco fall 3-6 per cent; all eyes on Suresh Prabhu's speech 25-02-2015 04:57 PM

    New Delhi: Shares of rail stocks succumbed to heavy selling pressure ahead of Rail Budget on Thursday. Stocks like Titagarh Wagons, Kernex Microsystems, Hind Rectifiers and Texmaco ended with loss of 3-6 per cent each on Wednesday. Railway Minister Suresh Prabhu is likely to announce a slew of reformative measures...
  • Sensex, Nifty end flat 25-02-2015 09:49 AM

    Mumbai: The Sensex ended up 3.33 points at 29007.99 and the Nifty was up 5.15 points at 8767.25. About 1234 shares have advanced, 1659 shares declined and 201 shares are unchanged. Tata Steel, Tata Power, Dr Reddy's Labs, Sun Pharma and BHEL were among the losers. Gainers were HDFC, Bharti...
  • Union Budget 2015: Homemakers want low inflation & simple investment options 24-02-2015 08:51 PM

    Though Finance Minister may find it difficult to offer a balanced budget for the nation, home-makers are doing that tough job at home almost every month. Given high inflation in recent times in consumer goods there is not much money left in the hands of the home-maker and still she...
  • More tax share for states reflects cooperative federalism, says Nirmala Sitharaman 24-02-2015 08:45 PM

    Terming the decision of the central government to provide states a greater share in its tax revenues as being in the spirit of "cooperative federalism", commerce minister Nirmala Sitharaman said the move would allow states greater freedom to spend as per their needs. "Also the fact that we are putting...
  • What India Inc wants: Top CEOs expectations from the Union Budget 2015 24-02-2015 08:34 PM

    In a roundtable discussion with CNBC-TV18's Shereen Bhan, consulting firm BMR's chairman Mukesh Butani, Phillips India MD Krishna Kumar, Shriram Capital chairman Arun Duggal and Jindal Steel and Power CMD Ravi Uppal discussed their expectations from finance minister Arun Jaitley's Union Budget that will be presented in Parliament this week....
  • Investors looking for a 'growth oriented budget' 24-02-2015 08:25 PM

    Earnings of the companies dictate the stock prices of the companies in the long term - says the old wisdom. Though the sentiment is buoyant in Indian stock markets, most long term investors are worried about earnings growth. No wonder investors are looking at the forthcoming budget with a lot...
  • Union Budget 2015: SME wants bigger pie of action 24-02-2015 08:20 PM

    Small and medium enterprises (SME) are backbone of Indian economy. SME contributes 45 per cent of industrial output, 40 per cent of country's total exports and employs over 6 crore individuals. SME can play an important role in 'Make in India' drive of the government. Despite this, SME are offered...
  • Union Budget 2015: Brokers demand lower taxes to boost investor participation 24-02-2015 08:14 PM

    Rise in stock markets invariably is accompanied by spurt in volumes. However it can further go up, if the investors and traders are offered lower transaction charges. Transaction charges do account for taxes which are levied on the transactions. No wonder, brokers are vocal about cutting down the transaction charges...
  • Union Budget 2015: Government may hike home loan rebate to Rs 3.5 lakh 24-02-2015 06:51 PM

    Mumbai: The upcoming Budget could bring some major relief for home buyers. Given the government's big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans, reports CNBC-TV18's Nayantara Rai. According to sources, the government may hike...
  • Union Budget 2015: Government should give more tax sops to insurance, says Max Life 24-02-2015 06:45 PM

    Upcoming first full year Union Budget of the Finance Minister, Arun Jaitley, would be carefully matched, as it is expected to provide directional clarity on the Modi Governments economic agenda. This is the time and the biggest opportunity for the Government to showcase its vision for the economy and industries....
  • Over 56 per cent polled expects a radical Budget, says Grant Thornton 24-02-2015 06:31 PM

    It's less than six days to go for the Union Budget and expectations are running high. In an interview to CNBC-TV18, Pallavi Bakhru, director, Grant Thornton, said the euphoria quotient has never been higher. Discussing the firm's pre-Budget poll on India Inc's expectations from Finance Minister Arun Jaitley, Bakhru said...
  • Union Budget 2015: Time to gear up tax regime for outbound investments, says EY 24-02-2015 06:18 PM

    With the changing landscape of Indian businesses, we are witnessing a significant and rapid geographical shift in doing business. Recent times have seen the Indian multinationals regularly flexing their muscle abroad. Not only has the last few years seen established Indian business houses making significant outbound investments into capital intensive...
  • Pre-Budget expectations for commodity markets: Religare 24-02-2015 06:06 PM

    The market, like every time, has huge expectations and this time, hopes are revolving around lowering of subsidy burden, widening the tax net, supportive policies for the industry and rational allocation of funds. Also, some key points present in the agenda of the new government which should form part of...
  • Union Budget 2015: Government may pursue spending to push economic growth, says Aditya Birla Money 24-02-2015 05:55 PM

    The annual budget will be presented on 28th February, 2015 and there is an air of expectation which has built up around it. This is Modi government's first full budget and hence a lot of emphasis is going to be placed on the government's flagship promises since 2014 (Swachh Bharat,...
  • Union Budget 2015: Seven things Nomura expects from Finance Minister Arun Jaitley 24-02-2015 04:43 PM

    The Modi government's first full year Budget to presented on Saturday is unlikely to be affected by the outcome of the Delhi elections, and will be a fiscally prudent one, feels brokerage house Nomura. "Kick-starting public investment in infrastructure and incentives for Prime Minister Modi's medium-term initiatives such as Make...
  • Union Budget 2015: Cut loan interest rates for 1st time buyers to 6-7 per cent, says Raheja 24-02-2015 04:20 PM

    Given the government's big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans. In an interview to CNBC-TV18, Navin Raheja, chairman and managing director, Raheja Developers says the government would work at giving more disposable income...
  • Sensex, Nifty end flat; FMCG & cap goods up, oil, banks dip 24-02-2015 10:13 AM

    Mumbai: Equity benchmarks closed second session of the Budget week on a flat note on Tuesday as investors preferred to stay on the sidelines till the Budget gets announced (on Saturday). The consolidation in market was also ahead of expiry of February derivative contracts and Railway Budget that both will...
  • Market to remain jittery till Budget, like private banks: Quantum 23-02-2015 07:10 PM

    Mumbai: The market tumbled on first day of crucial Budget week. The Sensex slumped 256 points to close at 28975, and the Nifty slipped 79 points to close at 8755. Speaking to CNBC-TV18, Neeraj Deewan of Quantum Securities said market volatility is likely to continue. Market is getting jittery ahead...
  • Sensex ends below 29,000, down 256 points; SBI, ONGC drop 2 per cent 23-02-2015 09:30 AM

    Mumbai: The market extended losses, falling 0.9 per cent on the first day of Budget week, dragged by banking & financials, FMCG and oil stocks. It was a second straight day loss for the market. The 30-share BSE Sensex broke 29000 level, down 256.30 points to 28975.11 while the 50-share...
  • Sensex snaps 7-day rally, down 231 points; BHEL jumps 5 per cent 20-02-2015 09:22 AM

    Mumbai: The market lost ground on Friday, for the first time in last eight sessions, especially ahead of Union Budget week. Profit booking in banking & financials, technology and select oil stocks dragged the market. The 30-share BSE Sensex declined 230.86 points to 29231.41 and the 50-share NSE Nifty slipped...