MARKETS

  • Rupee up 11 paise against dollar in early trade Yesterday

    Mumbai: The rupee gained another 11 paise to trade at 63.00 against the dollar in early morning session at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Forex dealers said besides selling of the American currency by exporters, a higher opening in the domestic stock...
  • Sensex up over 200 points, Nifty above 8200 Yesterday

    Mumbai: The Sensex is up 208.90 points or 0.8 per cent at 27335.47, and the Nifty is up 59.85 points or 0.7 per cent at 8219.15. About 1017 shares have advanced, 183 shares declined, and 32 shares are unchanged. The market has opened higher. The Sensex is up 166.08 points...
  • School children getting high on drugs openly sold by peddlers in Mumbai 2 days ago

    By night the Mirza Ghalib market becomes the den for peddlers. The market has 52 gates but without any guards resulting in this drug being sold unabated. The sudden spike in sale of the dangerous drug Mephodrone, popularly known as meow meow, has forced residents of the area to go...
  • Sensex drops for 5th day; ends 71 points lower in volatile trade 3 days ago

    Mumbai: Extending its fall for the fifth straight session, the benchmark BSE Sensex closed down by 71 points at 26,724.01 due to selling in auto, FMCG and pharma stocks amid continued capital outflows and weakness in rupee. The 30-share index opened lower at 26,724.01 on sustained selling in line with a...
  • Sensex down 273 points in early trade on weak global cues 4 days ago

    Mumbai: The BSE Sensex extended losses for the fourth straight day by losing over 273 points in early trade on Tuesday on sustained selling by funds amid weak global cues, tracking plunging crude coupled with depreciating rupee. The 30-share index tumbled 273.05 points, or 1 per cent, to 27,046.51. The gauge...
  • Sensex falls by 31 points to 1-1/2 month low on weak economic data 5 days ago

    Mumbai: The benchmark BSE Sensex fell by 31 points to close at one-and-a-half month low of 27,319.56 due to continued selling in IT, FMCG, banking and oil stocks amidst disappointing economic data and capital outflows. In addition, a weak rupee which hit nearly 11-month low of...
  • Outlook business catalist 2014: Showcasing power of social enterprises 5 days ago

    Outlook business catalist 2014 applauds people who have transformed India with good business. ...
  • Sensex drops 251 points as oil stocks slip; logs worst week in 3 years December 12, 2014

    Mumbai: The benchmark Sensex on Friday slumped by 251.33 points to end at 27,350.68 and logged its worst weekly drop in three years on hefty losses in oil&gas, realty and metal shares, amid continued tumble in oil prices raising concern over the strength of the global economy. As many as 11...
  • Sensex, Nifty fall to 6-week lows; RIL, ONGC slip on crude drop December 11, 2014

    Mumbai: After a day's breather, Indian stocks continued their downslide on Thursday with benchmark Sensex tumbling 229.09 points to six-week low of 27,602.01 on sharp losses in RIL and ONGC after further drop in crude oil price. Similarly, the 50-issue CNX Nifty of the NSE also plunged by 62.75 points, or...
  • Nifty ends above 8350, Sensex flat; SBI up 3 per cent, BHEL falls December 10, 2014

    Mumbai: After a volatile day of trade, the market ended on a flat note. The Sensex ended up 34.09 points at 27831.10, and the Nifty was up 14.95 points at 8355.65. About 1681 shares have advanced, 1255 shares declined, and 110 shares are unchanged. SBI gained 3.5 per cent while...
  • Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty at 8,340.70 December 9, 2014

    Mumbai: Sensex on Tuesday plunged 322.39 points to close over 1-month low at 27,797.01 while Nifty tumbled 97.55 points to end at 8,340.70. Earlier in the day, the benchmark BSE Sensex fell over 62 points in early trade on sustained selling by participants in auto, capital goods, consumer durables and banking...
  • Sensex, Nifty post worst drop in nearly 8 weeks; Infosys down by 5% December 8, 2014

    Mumbai: Logging their worst drop in 8 weeks, benchmark Sensex plunged 339 points and Nifty slipped 100 points on Monday on sharp losses in Infosys, where co-founders sold about USD 1 billion worth shares, and other bluechips. Shares of heavyweight Infosys fell by 4.88 per cent as families of four co-founders...
  • Sensex falls 104.72 points to end at 28,458.10; Nifty closes at 8,538.30 December 5, 2014

    Mumbai: The Sensex on Friday witnessed a fall of 104.72 points to end at 28,458.10 while Nifty slipped by 26.10 points to close at 8,538.30. Earlier in the day, rising for the second consecutive session, the benchmark BSE Sensex gained over 88 points in early trade on Friday on sustained foreign...
  • Sensex rises 120 pts, Nifty hits new peak; ITC in limelight December 4, 2014

    Mumbai: The benchmark Sensex on Thursday bounced back to end with a gain of 120 points and Nifty jumped 26.75 points after rising to new lifetime high on the back of heavy buying in ITC shares on buzz that the government will not ban sales of loose cigarettes. Global cues were...
  • Rupee down 5 paise against dollar in early trade December 3, 2014

    Mumbai: The rupee declined by 5 paise to 61.93 against the US dollar in early trade at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers. Forex dealers said apart from the gain in the dollar against other currencies in the global markets on impressive...
  • Sensex closes flat; auto stocks rise December 3, 2014

    Mumbai: A day after the Reserve Bank of India (RBI) kept key interest rates unchanged, a benchmark index of Indian equities markets provisionally closed on Wednesday's trade flat. The markets which were sluggish during the day's trade, ended on a marginal negative note a day after the RBI kept the key...
  • Sensex slips 115 points in volatile trade after RBI holds rates December 2, 2014

    Mumbai: Markets fell for the second day with benchmark Sensex declining over 115 points on Tuesday on selling in auto stocks after RBI kept interest rates unchanged for the fifth time in a row and IT shares dipped on strength in rupee. In highly volatile trade, the 30-share BSE index fell...
  • Rupee rallies further 14 paise Vs dollar to end at 61.88 December 2, 2014

    Mumbai: The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar on selling of the US currency by exporters and banks even as stock markets fell. Dollar selling by exporters and some banks for the second day in a row amid sustained...
  • Rupee edges higher to 62.02 vs US dollar after slumping to 9-month low December 1, 2014

    Mumbai: The Indian rupee on Monday erased initial losses and edged one paisa higher at 62.02 versus the greenback on late dollar selling by exporters and some banks, snapping a two-day losing trend. After opening weak, the rupee hit a fresh nine-month low of 62.25 against US dollar as traders reacted...
  • Sensex, Nifty log first drop in 4 sessions ahead of RBI policy December 1, 2014

    Mumbai: Stocks fell for the first time in four sessions today with benchmark Sensex slipping 134.37 points to 28,559.62 and Nifty dipping 32.35 points to 8,555.90 on caution ahead of RBI policy review and weak global cues. Oil and gas stocks were the biggest laggards after global crude prices hit a...
  • India's tablet market clocks strongest growth in Q3: Report November 30, 2014

    New Delhi: Fuelled by festive buying and strengthening commercial demand, India's tablet market reported its strongest third quarter growth so far during July-September 2014, said a report by International Data Corporation (IDC) Friday. Tablet market shipments in India witnessed a strong quarter-on-quarter growth of 10 per cent making it a 0.94-million-unit...
  • Checks are in place to prevent illicit fund flows: MoS Finance November 28, 2014

    New Delhi: To prevent illicit money flows into capital markets, authorities have put in place advanced risk management mechanism and other systems, the government said on Friday. Besides, market regulator SEBI has warned stock exchanges regarding probable inflow of funds from terror groups. "SEBI maintains constant vigil...
  • Sensex, Nifty end at record closing high on oil prices fall November 28, 2014

    Mumbai: The market ended at new record closing high on Friday following further fall in crude oil prices after the OPEC decided not to cut output. Hopes of rate cut or indication of rate cut in monetary policy on December 2 also pushed market higher. The Sensex rose 255.08 points...
  • Sensex, Nifty rebound in volatile trade; Realty in limelight November 26, 2014

    Mumbai: The benchmark Sensex on Wednesday recovered 48 points to 28,386.19 after realty scrips, led by DLF, rose as government approved hiking floor area ratio in Delhi and FMCG shares, including ITC, jumped after Tuesday's slump. Rate cut hopes and short-covering ahead of Thursday's monthly expiry of derivative contracts boosted...
  • US investors elevate India over other emerging markets November 25, 2014

    New York: US investors, buoyed by optimism about India's economy and booming stock market, have been moving money into exchange-traded funds that focus solely on that country. US-listed India ETFs have added about $2 billion in net new assets so far this year, outshining other emerging market funds. That brings the...
  • Sensex, Nifty log biggest drop in nearly six weeks November 25, 2014

    Mumbai: In their biggest drop in nearly six weeks, benchmark Sensex on Tuesday tumbled 161 points to 28,338.05 and Nifty index fell 67 points to 8,463.10 from record highs due to profit-booking and worries over new norms on P-Notes. Shares of Realty, FMCG, Power, Metal, Consumer Durables, Banking, Capital Goods...
  • Sensex, Nifty end at new closing high; metals & IT surge November 24, 2014

    Mumbai: Stirred up by positive global news, Indian market maintained strong upmove throughout the day before ending at record high levels. The Sensex ended up 164.91 points or 0.6 per cent at 28499.54 after hitting intra-day record high of 28542. The Nifty closed up 52.80 points or 0.6 per cent...
  • Market closes at new high; Sensex ends at 28,334.63, NIFTY at 8,477.35 November 21, 2014

    Mumbai: Indian stocks on Friday notched up their best gain in three weeks with benchmark Sensex surging 267 points and Nifty jumping by 75.45 points to hit new highs powered by a spurt in shares of lenders after Kotak Mahindra-ING Vysya announced India's biggest banking merger. The mood was positive across...
  • Sensex up 34.71 points to close at 28,067.56; Nifty ends at 8,401.90 November 20, 2014

    Mumbai: Sensex on Thursday closed 34.71 points high to close at 28,067.56 while Nifty ended at 8,401.90 with rise of 19.60 points. Earlier in the day shares were flat to positive in opening trade, with Nifty testing the 8,400 level it lost on Wednesday. At open, the Sensex was up 0.15...
  • SEBI approves new insider trading rules November 19, 2014

    Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday approved new insider trading rules that will replace a two-decade old law seen as inadequate to curb trading violations. The new rules, which are based on recommendations that were first revealed late last year, broaden the scope of who can...