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  • Nifty falls on profit-taking after third straight record high 4 days ago

    Mumbai: The Nifty fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips such as ICICI Bank, while software stocks declined after Wipro's US dollar revenue growth lagged rivals. ICICI Bank provisionally fell 1.8 per cent while Wipro slumped 4.4 per cent. The...
  • Wipro Q1 profit rises 29.5 per cent to Rs 2,103 crore 5 days ago

    Bangalore: IT services major Wipro on Thursday reported a 29.5 per cent growth in its consolidated net profit at Rs 2,103.2 crore for April-June period, helped by large deals in the application and infrastructure space. The city-headquartered firm had posted a net profit of Rs 1,623.3 crore in the year-ago period,...
  • Rupee slips from two-week highs, ends at 60.12 vs US dollar 5 days ago

    Mumbai: In contrast to rising equities, the rupee on Thursday retreated from nearly two-week highs and ended three paise lower at 60.12 against the Greenback on late dollar demand from importers. The domestic currency also snapped its two-day upmove when it had gained 21 paise against the US currency. At the...
  • Nifty closes above 7800 for first time ever, Sensex ends at record high of 26,271 5 days ago

    Mumbai: The market has ended on high note after a volatile trading session. The Nifty closed above 7800 for first time ever, at 7830.60, up 34.85 points. The Sensex ended at record closing high of 26,271.85 up 124.52 points. About 1502 shares have advanced, 1456 shares declined, and 129 shares...
  • IT giant TCS crosses Rs 5 lakh crore market cap; first by an Indian company 6 days ago

    Mumbai: Tata Consultancy Services (TCS), the country's largest software services exporter, on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone. At the end of of Wednesday's trade, the market capitalisation (m-cap) of TCS soared to Rs 5,06,703.34...
  • Sensex, Nifty end at record closing high 6 days ago

    Mumbai: After a strong rally, supported by IT stocks the market made another record high at closing. The Sensex ended at record closing high of 26,147.33, up 121.53 points while the Nifty was at record closing high of 7795.75, up 27.90 points. About 1300 shares have advanced, 1659 shares declined,...
  • Sensex ends above 26000 mark, Nifty up 83.65 points 1 week ago

    Mumbai:After a blockbuster ride, the market ended on a strong note, marking second highest closing level ever. The Sensex ended above 26,000 for second time, up 310.63 points or 1.21 per cent at 26025.80 and the Nifty was up 83.65 points or 1.09 per cent at 7767.85. About 1466 shares...
  • Rupee rises six paise to end at 60.24 against US dollar 1 week ago

    Mumbai: Rupee rose six paise to end at 60.24 against US dollar on Tuesday. It opened at 60.22 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters amid sustained foreign capital inflows. The local currency had shed two...
  • Sensex, Nifty end flat July 21, 2014

    Mumbai: The market maintained uptrend throughout the day with some major support by FMCG stocks. The Sensex ended up 73.61 points at 25715.17,and the Nifty up was 20.30 points at 7684.20. About 1723 shares advanced, 1245 shares declined, and 103 shares were unchanged. HDFC was up 3 percent, Reliance...
  • Sensex gains 321 points, Nifty closes above 7600; ICICI up 5 pc July 16, 2014

    Mumbai: Stocks rose in Europe after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted. The world's second largest economy expanded at a 7.5 per cent annual pace in the second quarter, the statistics bureau said, just beating the...
  • Sensex up 222 points, Nifty ends above 7500; SBI, BHEL soar 4 per cent July 15, 2014

    Mumbai: The market ended the choppy session on a higher note. The Sensex is up 221.67 points or 1 percent at 25228.65, and the Nifty is up 72.50 points or 1 percent at 7526.65. About 1843 shares have advanced, 1084 shares declined, and 104 shares are unchanged. About 698 shares...
  • Rupee down 7 paise against US dollar in morning trade July 14, 2014

    Mumbai: The rupee fell by seven paise to 60.00 against the American currency in morning trade on fresh dollar demand from banks and importers amid weak equity markets. Fresh capital outflows from foreign funds affected the value of the rupee against the dollar, a forex dealer said. The rupee resumed lower...
  • Sensex tanks 348 points on sell-off, worst weekly loss since December 2011 July 11, 2014

    Mumbai: The benchmark Sensex on Friday erased initial gains to plunge over 348 points, posting its worst weekly loss in over two and a half years, on disappointment over the Union Budget and fresh debt concerns in Portugal. Stock markets had opened on a strong note with the 30-scrip Sensex...
  • Indian shares end lower in volatile trade after budget July 10, 2014

    New Delhi: Indian shares ended lower in a volatile session as Finance Minister Arun Jaitley's pledge to narrow the fiscal deficit and open up sectors such as insurance and defence were offset by disappointment over the lack of major reforms. Investors also booked profits, with some citing the lack of details...
  • Rupee recovers 8 paise vs dollar in early trade July 8, 2014

    Mumbai: The rupee on Tuesday recovered by 8 paise to 59.93 against the US dollar in early trade at the Inter bank Foreign Exchange market on increased selling of the American currency by exporters. Besides, strengthening of the euro and yen against the dollar in overseas market and a higher opening...
  • Railway stocks on a roll ahead of rail budget; gain up to 8 pc July 4, 2014

    Mumbai: Stocks of companies related to railways sector on Friday closed with gains of up to 8 per cent on hopes of reform measures in the rail budget to be presented on Tuesday next week. Texmaco Rail & Engineering Ltd zoomed 7.69 per cent, while Titagarh Wagons rose by 4.98 per...
  • Rupee ends flat at 59.72 vs US dollar; logs best week since May 16 July 4, 2014

    Mumbai: The rupee on Friday ended a mere one paisa higher at 59.72 against the US dollar on alternate bouts of demand and supply, wrapping up its best weekly performance since the period ended May 16. It gained 36 paise against the Greenback in the week ended on Friday on hopes...
  • Sensex, Nifty rebound to close at record highs ahead of Budget July 4, 2014

    Mumbai: Continuing its record-setting spree, the benchmark Sensex on Friday rebounded over 138 points to end at new closing peak of 25,962.06, led by oil & gas shares, on hopes of reforms and a growth-oriented Budget next week. Expectations the government is prepared to tackle any crisis related to poor rains...
  • BSE pre-opening session restarts after technical snag July 3, 2014

    Mumbai: The pre-opening session of the Bombay Stock Exchange (BSE) has restarted after a technical snag forced it to close at 9:30 am on Thursday. Exchange operator BSE halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage, BSE said. BSE...
  • Sensex, Nify end flat; Tata Motors up 3 pc, Hero falls 3 pc July 3, 2014

    Mumbai: Equity benchmarks snapped four-day gains on profit-taking on Thursday weighed down by oil & gas, banks and power stocks. The 30-share BSE Sensex, which resumed trading after over three hours of halt , slipped 17.46 points to close at 25823.75 while the 50-share NSE Nifty fell 10.35 points to...
  • Rupee edges lower after surging to three-week highs July 3, 2014

    Mumbai: The rupee on Thursday surged to three-week highs in early trade but closed four paise lower at 59.73 against the dollar on weakness in local stocks and persistent demand for the American currency from importers, including oil firms. A firm dollar overseas ahead of crucial US payrolls data and a...
  • Sensex ends flat, Nifty above 7500; TCS, Sun Pharma up 4 pc June 27, 2014

    Mumbai: Equity benchmarks closed flat amid consolidation on the first day of July series after one percent fall in last session of previous series. Healthcare, technology and fast moving consumer goods stocks supported the market whereas auto, metals, capital goods and select banks saw selling pressure. The Sensex rose 37.25 points...
  • Nifty ends below 7500 on June expiry; Oil & Gas falls 4 pc June 26, 2014

    Mumbai: The 50-share NSE Nifty saw heavy selling pressure in late trade on Thursday, the expiry day for June derivative contracts, closing tad below the 7500-mark weighed down by oil & gas and banks stocks. The index slipped 76.05 points or 1 percent to close at 7493.20 and the 30-share...
  • Sensex, Nifty end flat; autos up on extension of lower tax June 25, 2014

    Mumbai: Equity benchmarks lost marginal gains Wednesday on profit booking ahead of expiry of June derivative contracts on Thursday. However, indices had rallied more than a percent amid highest ever turnover in previous session. The Sensex slipped 55.16 points to close at 25313.74 and the Nifty fell 10.95 points to...
  • Power Grid okays over Rs 5,500 crore investments in 4 years June 23, 2014

    New Delhi: Central transmission utility Power Grid Corporation on Monday approved investments of Rs 5,500 crore for upgrading networks in about 4 years. "Board of Directors of the Company approved strengthening the transmission corridor for independent power producers in Chhattisgarh at an estimated cost of Rs 5,151.37 crore," Power Grid...
  • Rupee eases two paise against US dollar to end at 60.20 June 23, 2014

    Mumbai: In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency, extending losses for the second straight session. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced better...
  • ITC shares drag down Sensex to nearly 3-week lows June 23, 2014

    Mumbai: The benchmark Sensex on Monday fell for the fourth straight session and ended about 74 points down at nearly three-week low levels as tobacco shares led by index heavyweight ITC slumped on fears of excise duty hike, amid concerns over rising crude on continued violence in Iraq. Stock markets...
  • Sensex down 96 points to two-week lows on growing unrest in Iraq June 20, 2014

    Mumbai: The benchmark Sensex fell for the third day and ended about 96 points lower on Friday triggered by selling in the last hour of trade after wary investors appeared reluctant to hold onto positions as violence continued unabated in Iraq. After touching the day's high at 25,276.31 at the outset,...
  • Sensex ends 44 points down; ONGC, RIL shares lead fall June 19, 2014

    Mumbai: Dragged down by oil and gas shares, the benchmark Sensex on Thursday slipped for the second day and closed 44.45 points lower at 25,201.80 amid fears that growing unrest in Iraq could choke crude oil supplies. After rising nearly 180 points in early trade on firming trend overseas on Federal...
  • Sensex rebounds 331 points in late buying surge, rupee recovers June 17, 2014

    Mumbai: The benchmark Sensex on Tuesday rose for the first time in three days and ended about 331 points up at 25,521.19 on heavy buying in the last hour on fund-based activity in RIL, ICICI Bank, ONGC and L&T shares, amid some recovery in the rupee. Recently battered stocks led by...