Mumbai: It's been a rough start for the June series as the Nifty shed 80 points to close below 4850 dragged down by rate sensitives, commodity, utilities and technology stocks. A slew of bad economic cues from across the globe didn't help Indian equities either. Reports of monsoon rains over India's mainland will be delayed by about four days also weighed on sentiment. China's official purchasing managers' index fell to...
09:46 AM, Jun 01, 2012
Mumbai: After being down in the dumps for the better part of day, Indian equities staged a smart late trade recovery on hopes of a RBI rate cut to revive the sagging economy. Also, gains in European shares aided the recovery. The country's economic growth slumped in the January-March quarter to a nine-year low of 5.3 per cent as the manufacturing sector contracted and a fall in the rupee to...
09:41 AM, May 31, 2012
Mumbai: The Indian market ended Wednesday' trade on a pessimist note as traders chose to sit on the sidelines ahead of the F&O expiry and Q4 GDP numbers slated for a release on Thursday. European markets slipped too after euro fell to its record low in 23 months as investors worried over Spain's banking problems. After more credit ratings downgrades of Spain and news of European Central bank rejecting Spains...
09:39 AM, May 30, 2012
Mumbai: It was a dull session for the markets as investors chose to remain cautious ahead of the upcoming F&O expiry and Q4 GDP data numbers on Thursday. The Sensex shuts shop at 16438.58 up 21.74 points or 0.13 per cent and the Nifty closed at 4990.10 up 4.45 points or 0.09 per cent. The breadth of the market was positive. About 1425 shares advanced, 1255 shares declined, and 743...
09:13 AM, May 29, 2012
Mumbai: The BSE Sensex rose 1.33 per cent on Monday as an improved global risk sentiment spurred buying in financial stocks such as top lender State Bank of India and recently dented blue chips stocks. SBI rose 4.8 per cent; ICICI Bank added 2.6 per cent, while Reliance Industries ended up 1.42 per cent. The broader 50-share NSE index also gained 1.33 per cent at 4,985.65. All BSE sectoral indices...
09:04 AM, May 28, 2012
Mumbai: The BSE Sensex and NSE Nifty closed flat on Friday after a sharply rally the day before on hopes of diesel price hike. Recovery in rupee and strength in European markets helped markets recoup losses in second half of trade. The BSE benchmark fell 4.48 points, to close at 16,217.82 after a swing of 155 points between intraday high and low. Shares of SBI, L&T, and metal stocks helped...
09:41 AM, May 25, 2012
Mumbai: The BSE Sensex and NSE Nifty advanced around 1 per cent as the steep hike in petrol prices raised hopes that diesel and LPG prices will also be increased. A government committee headed by Finance Minister Pranab Mukherjee will meet on Friday to discuss raising diesel, liquefied petroleum gas (LPG) and kerosene prices, a finance ministry official said on Thursday. Goldman Sachs says it expects limited hikes of about...
09:36 AM, May 24, 2012
Mumbai: The BSE Sensex and NSE Nifty recouped more than half of losses in second half of trade to close 0.5 per cent lower on Wednesday, even after the Indian rupee fell over 1 per cent to hit a record low of 56.18 to the dollar and more than 2 per cent decline in European markets. Recovery in later part of the session may be on hopes that the government...
09:27 AM, May 23, 2012
Mumbai: The BSE Sensex and NSE Nifty fell as much as 1.1 per cent each on Tuesday, weighed down by sharp depreciation in the rupee. However, the global markets stayed positive, even after Fitch downgraded Japan to A+ from AA. Indian equities underperformed global peers on Tuesday. The BSE benchmark lost 156.85 points or 0.97 per cent, to close at 16,026.41 led by 26 components. The NSE benchmark touched intraday...
09:04 AM, May 22, 2012
Mumbai: The BSE Sensex and NSE Nifty closed flat on Monday after shedding all gains in late trade due to sharp fall in rupee and erasing somewhat gains by European markets. SBI, Reliance Industries, L&T and ICICI Bank helped market closed marginally higher while the fall in ITC, Infosys, HDFC Bank and ONGC limited the upside. The BSE benchmark shed more than 100 points from day's high of 16,298, before...
09:06 AM, May 21, 2012
Mumbai: The BSE Sensex and NSE Nifty showed a nice rebound in late trade on Friday led by outstanding performance by SBI in fourth quarter numbers and sharp recovery in rupee from record low to near previous close. However, the global markets stayed under pressure due to eurozone concerns and weak US data. Short covering helped markets close 0.4 per cent higher on Friday. The BSE benchmark rose 82.27 points...
09:13 AM, May 18, 2012
The Sensex fell below 16,000, down 300 points while the European markets opened 0.5 per cent down. ...
03:51 PM, May 16, 2012
Mumbai: Equities plunged and the rupee hit a fresh record low as markets globally felt the tremors of the political upheaval in Greece. The 30-share Sensex fell to 15,974.60 " its lowest level in four months "before closing at 16030.09, down 298.16 points or 1.83 per cent over the previous close. The Nifty closed at 4,858.25, down 84.55 points or 1.71 per cent after hitting a four-month low of 4,837.05...
09:09 AM, May 16, 2012
Mumbai: The BSE Sensex and NSE Nifty closed lower for fifth consecutive session on Monday due to weakening rupee, waning of rate cut hopes after higher than expected inflation for April and Europe turmoil. The BSE benchmark fell as much as 168 points to hit an intraday low of 16,124.82, before closing down 77.14 points or 0.47 per cent at 16,215.84. The NSE benchmark managed to settle above the 4900...
09:01 AM, May 14, 2012
Mumbai: The BSE Sensex and NSE Nifty fell 0.7 per cent at close on Friday due to fall in global markets on Greece woes and disappointing industrial output data for March. The market made an attempt in afternoon trade to turn positive but failed to sustain that recovery. Equity benchmarks closed lower for the fourth consecutive session. The BSE benchmark declined 127.07 points or 0.77 per cent, to close at...
09:11 AM, May 11, 2012
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