Mumbai: Indian equity benchmarks closed the session with 274 points cut on Monday, especially ahead of UP Assembly election results that schedule to be announced on Tuesday. Banks, metals, capital goods, realty stocks, and Reliance Industries weighed down the market throughout session. The BSE benchmark fell 1.55 per cent, to close at 17,362.87 led by sell-off in 25 stocks. Meanwhile, the NSE Nifty dropped 79.05 points or 1.47 per cent...
09:18 AM, Mar 05, 2012
Mumbai: Boosted by a strong January inflation data, the Sensex on Tuesday closed at 17848.57 up 75.73 points or 0.43 per cent and the Nifty ends at 5427.45 up 37.25 points or 0.69 per cent. About 1615 shares advanced, 1258 shares declined, and 526 shares remain unchanged. The upmove was mainly on the 26-month low January inflation data, which gave a fillip to rate sensitive stocks in anticipation of policy...
09:14 AM, Feb 14, 2012
Mumbai: The Indian market has kept investors and traders guessing on its next move after a stellar rally of 20 per cent in 40 days. For Nifty, Monday's close was the sixth day of consolidation within the 5300-5400 range. While the rally appears to have lost its steam, it has refused to drift lower. This has baffled the market participants who cannot decided whether to hold long positions or create...
09:16 AM, Feb 13, 2012
Mumbai: The Sensex staged an excellent performance on Tuesday after witnessing a consolidation in the previous four sessions, though there was small bout of profit booking in last few minutes of trade. The Sensex rose 276.69 points, to close at 16,466.05 and the Nifty moved up 93.40 points to 4,967.30 after hitting an intra-day high of 4,975.55. Better than expected Chinese Q4 GDP, strong European cues and appreciation in the...
09:03 AM, Jan 17, 2012
Mumbai: The benchmarks as well as broader markets closed flat on first day of the week. It was under pressure in the first half of trade due to weak Asian cues, tracking a series of downgrades in Europe by rating agency S&P. Oil & gas sector too weighed down the market. However, the market seemed to have factored in all negatives and it managed to turn positive in the second...
09:08 AM, Jan 16, 2012
Mumbai: At least 40 protesters at the first 'Occupy Wall Street'-style demonstration in Mumbai were arrested on Friday, police said. Roughly 100 protesters raised placards and shouted slogans outside the Bombay Stock Exchange in an event organised by a union of bank employees opposed to privatisation of state-owned banks and plans to grant new bank licenses. Demonstrators also spoke out against corruption, inefficient government and inequality. The number of protesters...
11:14 AM, Nov 05, 2011
Mumbai: Defying the broader market trend, shares of Maruti Suzuki India tumbled by over 4 per cent in early trade on the bourses on Monday after the company cracked the whip on dissenting workers, sacking 15 and suspending 10 others. Maruti Suzuki on Sunday dismissed 10 workers, terminated five trainees and suspended 10 employees in connection "with the strike and violence at the Manesar factory premises". Reacting to the development,...
11:42 AM, Oct 10, 2011
Mumbai: A mere 110-point gain is all that Sensex, the BSE benchmark, could record before closing the volatile trading session on Wednesday. Midcap and smallcap indices closed in deep red as investors narrowed down exposure to these stocks. Amid extremely volatile session and battered broader markets, the market witnessed a change of guard " the erstwhile most valued stock (by marketcap) Reliance Industries was replaced by the world's largest miner...
09:35 AM, Aug 17, 2011
Mumbai: The big three Indian IT exporters fell over 2-4 per cent on the Bombay Stock Exchange on fears that a possible double dip recession in the US and spread of sovereign debt crisis to Spain and Italy in Eurozone, may impact their revenue growth. Shares of TCS, Infosys and Wipro that rely on the US and the European market for about 60 per cent of their revenue, tumbled a...
01:06 PM, Aug 05, 2011
New York: The S&P 500 turned negative for the year on Tuesday as the wrangling over the US debt ceiling faded and investors turned their attention to the stalling economy. The broad-based index fell for a seventh day and crashed through its key 200-day moving average in an ominous sign for markets. The seven days of losses mark the longest losing streak since October 2008. "It is going to be...
11:33 AM, Aug 03, 2011
Mumbai: Two Anil Ambani group firms, Reliance Communications and Reliance Infrastructure, will move out of Bombay Stock Exchange's blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India on the 30-share index. The changes would be effective from August 8, Bombay Stock Exchange (BSE) said in a statement on Friday. Coal India shares have been doing well since the...
10:05 PM, Jun 17, 2011
Mumbai: Shares of telecom operator Bharti airtel on Thursday fell by over 4 per cent on the bourses in morning trade after the company reported a dip of 31.48 per cent in net profit for the quarter ended March 31, 2011. The shares of the country's largest telecom player fell by 4.65 per cent to touch an early low of Rs 352.40 on the Bombay Stock Exchange (BSE). In a...
11:22 AM, May 05, 2011
Mumbai: The BSE Sensex fell 271 points on Friday to close below the 18,000 mark as investors sold stocks, including blue-chip Reliance Industries, over concerns that surging oil prices will stoke inflation and lead to even higher interest rates. The Bombay Stock Exchange benchmark index Sensex, dipped 271.06 points to close at 17,878.81 after touching the day's low of 17,849.53, with investors selling oil and gas, auto, realty and banking...
03:59 PM, Mar 18, 2011
Mumbai: A benchmark index for Indian equities markets fell below the psychological resistance level of 18,000 points on Friday on continued selling pressure for the second day after the central bank hiked its key policy rates to curb inflation. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 18,251.18 points, slipped into the red within half an hour of trading. In the afternoon,...
02:03 PM, Mar 18, 2011
New Delhi: Terming the Budget 2011-2012 as "progressive" and "balanced", stock market experts said it had positive surprises like encouraging FII inflow, a roadmap for reforms and checking fiscal deficit, all of which have perked up investor mood. The Bombay Stock Exchange benchmark Sensex, which had plummeted by 13.69 per cent in the year so far, saw an impressive rebound minutes into the Budget presentation. Intra-day, the key index zoomed...
03:43 PM, Feb 28, 2011
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