MARKETS

  • Coal India Limited mega share sale sails through; government to get Rs 22600 crore 2 days ago

    New Delhi: In the biggest ever disinvestment exercise, the government's 10 per cent stake sale in Coal India on Friday got over subscribed by 1.05 times and fetched about Rs 22,600 crore although retail investors did not bid so aggressively. This is also the biggest ever share sale by any private...
  • A dramatic shift is underway in the global smartphone market 2 days ago

    San Francisco: The runaway success of Apple's newest iPhone has fuelled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea's Samsung for the title of world's leading seller of smartphones. Apple set the standard for modern smartphones when it released the first iPhone...
  • Rupee recovers 12 paise against dollar in early trade 2 days ago

    Mumbai: The rupee recovered by 12 paise to 61.74 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the American currency by exporters. Forex dealers said the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market...
  • Sensex drops 499 points, Nifty snaps 10-day rally on profit-taking 2 days ago

    Mumbai: The benchmark Sensex on Friday hit new high of 29,844.16 but succumbed to heavy profit-booking led by banking shares to fall by 498.82 points to 29,182.95, logging its worst drop in three weeks, even as the government's mega share sale in Coal India sailed through. The NSE Nifty, which hit...
  • Rupee logs worst drop in 7 weeks vs US dollar, down 45 paise at 61.86 3 days ago

    Mumbai: The Indian rupee on Thursday slid by 45 paise, its worst singe-session drop in nearly seven weeks, to end at 61.86 against the greenback on month-end dollar demand from importers and banks amid speculation that US Fed is considering raising interest rates later this year. Dollar demand from importers, mainly...
  • Sensex, Nifty log new new closing peaks on fag-end buying 3 days ago

    Mumbai: After a brief pause, stocks continued their upward march on Thursday with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and Nifty index gaining 38.05 points to 8,952.35 on fag-end buying in select bluechips amid expiry of monthly equity derivatives. Besides, in-line earnings from some firms...
  • Apple overtakes Samsung, Xiaomi in Chinese smartphone market for the first time 4 days ago

    Bengaluru: Apple has shipped the most number of smartphones in China in the fourth quarter, overtaking Samsung Electronics and homegrown companies such as Xiaomi for the first time, according to data firm Canalys. Apple's iPhone 6 and 6 Plus launched last September have proved to be popular in Asia despite being...
  • Sensex ends in red, Nifty at new closing high; HDFC up 2 per cent 4 days ago

    Mumbai: The market ended flat after a volatile session ahead of F&O expiry. The Nifty ended at record closing high up 3.80 points or at 8914.30. The Sensex snapped 8-day gains, down 11.86 points at 29559.18. HDFC, Wipro and Reliance were up 2 per cent followed by ONGC and Maruti....
  • Rupee ends unchanged against US dollar at 61.41 4 days ago

    Mumbai: The Indian rupee on Wednesday ended unchanged against the US dollar at 61.41 ahead of the outcome of US Federal Reserve's policy meeting. The rupee resumed lower at 61.50 per dollar as against the last closing level of 61.41 per dollar at the Interbank Foreign Exchange (Forex) Market. It moved...
  • Nifty ends at 8910, Sensex up 292 points; banks soar 5 days ago

    Mumbai: The market ended at record highs as banks boosted trade. The Nifty ended above 8900-level for first time. The 50-share index was up 74.90 points or 0.8 per cent at 8910.50. The Sensex closed up 292.20 points or 1 per cent at 29571.04. About 1406 shares have advanced, 1523...
  • Rupee gains 35 paise against dollar in early trade January 23, 2015

    Mumbai: The rupee strengthened by 35 paise to 61.35 against the dollar in early trade at the Interbank Foreign Exchange on strong selling of the US currency by exporters amid sustained capital inflows. Forex dealers said besides selling of the American currency by exporters, continued overseas capital inflows and soaring domestic...
  • Sensex up 273 points, Nifty ends above 8800 for 1st time ever January 23, 2015

    Mumbai: The market rallied for the seventh consecutive session on Friday, spiking nearly 2000 points on the Sensex (in seven days). The Sensex on Fridaygained 272.82 points or 0.94 percent at 29278.84 and the Nifty jumped 60.15 points or 0.69 per cent to 8821.55 on ECB stimulus. About 1140 shares have...
  • Sensex ends above 29K, Nifty at new peak January 22, 2015

    Mumbai: Extending their record-setting spree for the third day, the BSE Sensex on Thursday closed above the 29,000-mark for the first time and the Nifty touched another peak of 8,774.15 with sustained buying by funds in healthcare, capital goods, metal and auto sector stocks. Continuing its surge for the sixth day,...
  • Sensex, Nifty at historic high levels; HUL steals the show January 21, 2015

    Mumbai: Rising for the fifth day in a row, benchmark BSE Sensex on Wednesday set a life-time high of 28,958 points and NSE Nifty recorded a historic 8,741 points as overall macro outlook and optimism over forthcoming budget continue to buoy investor sentiment. After resuming the day higher...
  • Sensex hits life high, ends at 28788.28, Nifty at 8698.00 January 20, 2015

    Mumbai: Equity benchmarks surged to record highs on Tuesday among growing perception that India is the best placed among emerging markets because of its improving macro economic fundamentals. The 30-share Sensex hit a new peak of 28829.29, before closing at 28784.67, up 522.66 points or 1.85 per cent over its...
  • Rupee up 2 paise against US dollar at 61.69 January 20, 2015

    Mumbai: The Indian rupee on Tuesday gained 2 paise against the dollar at 61.69 with banks and exporters selling the US currency amid sustained capital inflows in view of strong equity markets, extending gains for the forth day in succession. The rupee resumed lower at...
  • Indian rupee rises to over 2-month high, up 16 paise Vs US dollar at 61.71 January 19, 2015

    Mumbai: The rupee on Monday jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters, extending its winning trend to third straight day. A weak dollar overseas also boosted the sentiment in favour of...
  • Sensex up 140 points on fund inflows; wipro, bank stocks gain January 19, 2015

    Mumbai: Extending its rising streak for the third straight session, the benchmark BSE Sensex surged over 140 points to close at 28,262.01, led by gains in IT major Wipro and financial stocks on encouraging earnings. The BSE 30-share Sensex resumed on a strong footing at 28,249.84 and continued its upward journey...
  • Sensex gains 46 points to log best weekly gain in over two months January 16, 2015

    Mumbai: The benchmark Sensex on Friday rose over 46 points to end at 28,121.89 on buying in blue-chips of consumer durable, pharma and power sectors and logged its best weekly gain in over two months. Similarly, the NSE Nifty index inched up by 19.65 points, or 0.23 per cent, to close...
  • Rupee off 2-month high, ends 12 paise up Vs dollar as RBI cuts rate January 15, 2015

    Mumbai: The rupee touched two-month high of 61.47 against the US dollar in day trade before closing up by 12 paise at 62.06 today amid a rally in stock markets as RBI cut policy rate by 0.25 percentage points. The rupee gained 71 paise to touch...
  • Nifty ends at 8494, Sensex soars 729 points January 15, 2015

    Mumbai: The market has ended with some very strong gains. The Sensex was up 728.73 points or 2.7 per cent at 28075.55, and the Nifty ended up 216.60 points or 2.6 per cent at 8494.15. About 1693 shares advanced, 1206 shares declined and 322 shares were unchanged. Banks led...
  • Sensex, Nifty fall for 2nd day on weak global cues, ITC drops January 14, 2015

    Mumbai: Indian stock markets on Wednesday fell for the second straight session with benchmark Sensex dropping nearly 79 points to end at 27,346.82 as ITC shares tanked on worries related to proposed ban on sale of loose cigarettes while metal stocks tracked weak global cues. Selling was seen in metal, FMCG,...
  • It's time for flexible hiring January 13, 2015

    Significance of Quality Workforce Doubtlessly, the biggest strength and backbone of any organization are the employees. As an individual, you might think of an excellent idea but in order to implement it, you require serious teamwork. Cohesive teamwork is the decisive factor for a fruitful venture. All the employees need to...
  • Rupee gains 12 paise against dollar in early trade on Tuesday January 13, 2015

    Mumbai: Continuing its rising streak for the fifth straight session, the rupee gained another 12 paise at 62.04 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid higher opening of domestic equities. Besides, encouraging...
  • Sensex up 85 points in early trade on encouraging IIP data January 13, 2015

    Mumbai: Rising for the fourth consecutive session, the benchmark BSE Sensex rose nearly 85 points in early trade on Tuesday, tracking improved industrial production figure at 3.8 per cent for November amid mixed global cues. However, the retail inflation moved up marginally to 5 per cent in December. The 30-share...
  • Rupee rises 16 paise to one-month high of 62.16 vs US dollar January 12, 2015

    Mumbai: The rupee continued to rule firm against the greenback for the fourth successive session, gaining another 16 paise on Monday to end at over one-month high of 62.16 on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets. The stock benchmark Sensex extended...
  • Sensex rises 127 points to 1-week high ahead of retail inflation, IIP January 12, 2015

    Mumbai: The benchmark Sensex on Monday extended its gains for the third straight session, rising 127 points to end at one-week high on fag-end buying in capital goods, FMCG and IT shares ahead of retail inflation and IIP data releases. The NSE Nifty index reclaimed the 8,300-mark by rising 38.50 points,...
  • Manchester City will sign a striker in January, says Manuel Pellegrini January 9, 2015

    London: Manchester City manager Manuel Pellegrini will trawl the January transfer market in search of a striker tasked with helping the Premier League champions to successfully defend their title. City, who sit level on 46 points with Chelsea at the top of the Premier League table, have lacked attacking options in...
  • Sensex climbs 183 poits; Infosys up 5 per cent January 9, 2015

    Mumbai: In a volatile trade, the stock market benchmark Sensex on Friday soared higher by 183 points, led by gains in IT stocks as Infosys beat market expectations with a robust set of quarterly results. After opening on a strong note, the 30-scrip BSE index...
  • Rupee gains 35 paise to end at four-week high vs US dollar January 9, 2015

    Mumbai: Notching up gains for the third successive session, Indian rupee on Friday surged 35 paise to end at four-week high of 62.32 against the greenback on persistent selling by participants and on continued optimism of inflows. Weakness in the dollar in overseas markets also boosted the rupee value, forex...