Market

Rupee at a 6-month low on weaker shares, dollar demand

Mumbai: The rupee weakened to a near six-month low on Tuesday, largely driven by weakness in the euro and import-related dollar demand that traders attributed to a private refining company.

At 04:45 pm IST, the rupee was at 55.37/38 versus its Monday close of 55.10/11.

It fell to 55.41 during the session, a level last seen on November 29, 2012.

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Coal India shares jump over 2 per cent post Q4 results

Mumbai: Shares of Coal India Ltd (CIL) on Tuesday gained over 2 per cent after the company reported nearly 90 per cent jump in standalone net profit for the fourth quarter ended March 31. After making a bullish opening, shares of the company rose further by 2.57 per cent to Rs 308.50 on BSE. At NSE, the scrip went up by 2.43 per cent to Rs 308.65. The stock was...  

Sensex sheds 112 points as share sales, Fed meet weigh

Mumbai: Benchmark indices fell for the second successive session on Tuesday, as the market is trying to digest the heady gains of the past few weeks. Brokers said share sales by promoters trying to meet the 25 per cent minimum public shareholding rule, and the US Federal Reserve meeting on Wednesday, made buyers cautious. The 30-share Sensex fell 112.37 points to close at 20111.61, and the 50-share Nifty ended at...  

Sensex ends lower; pharma stocks take a hit

Mumbai: Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks ended in green. The Sensex closed at 20223.98, down 62 points or 0.31 per cent and the Nifty ended at 6156.90 down 30 points or 0.49 percent. About 1107 shares advanced, 1298 shares declined, and 141 shares...  

FIIs invest Rs 12,000 crore in stock market

New Delhi: Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January. During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they sold equities amounting to Rs 26,005 crore...  

Rupee down 21 paise against dollar in early trade

Mumbai: The rupee on Friday lost 21 paise to 54.98 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas. Increased demand for the dollar from importers also put pressure on the rupee. Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas but a higher opening in the domestic stock market capped the fall....  

Sensex edges up at close as infra stocks rally

Mumbai: The BSE Sensex closed slightly up on Friday as a late rally in infrastructure stocks offset a decline in pharmaceutical companies. The BSE Sensex provisionally closed up 0.14 per cent while the broader Nifty provisionally ended 0.28 per cent higher. Drugmakers fell after the government formally notified a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps. ...  

ONGC reclaims most-valued company spot

Mumbai: State-owned energy major Oil and Natural Gas Corporation (ONGC) on Thursday reclaimed the spot as the country's most-valued company, pushing IT giant TCS to the second slot. At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore. This is about Rs 4,428 crore more than TCS's market cap of Rs 2,84,619 crore. ONGC scrip ended 0.82 per cent higher, while TCS lost 1.02 per cent...  

BSE Sensex ends flat; midcap stocks outperform

Mumbai: Key equity benchmarks consolidated on Thursday and managed to end in green after touching fresh multi-year highs in trade. Shares of banks, realty, auto, pharma and capital goods continued to see buying in trade and closed with smart gains. The Sensex closed at 20247.33, up 34.37 points or 0.17 per cent and the Nifty ended at 6169.90 up 23.15 points or 0.38 per cent. About 1183 shares advanced, 1270...  

Nifty, Sensex end at highest level since January 2011

Mumbai: The BSE benchmark Sensex on Wednesday rose over 158 points in early trade on sustained buying by funds and retail investors, mainly in realty, banking, auto and metal sector stocks. Also, the wide-based National Stock Exchange index Nifty, regained the 6,000 points level by surging 41.10 points, or 0.69 per cent, to 6,036.50. Rising for the second straight session, the BSE's 30-share barometer rose by 158.19 points, or 0.80...  

Indian food industry to touch Rs 408,040 crore by 2018

Mumbai: The current size of the Indian food industry stands at Rs 247,680 crore per annum and is expected to grow at 11 percent to touch a staggering Rs 408,040 crore by 2018, an official said in Mumbai on Tuesday. In terms of market segments, the Quick Service Restaurants and casual dine-in formats account for nearly three-fourths of the total chain and cafes make up 12 per cent, with fine...  

Afghanistan: Motorcycle bomb at market kills 3

Kabul: An Afghan official says a bomb hidden in a parked motorcycle has ripped through a crowded bazaar in a remote region of the southern Helmand province on Tuesday, killing at least three people and wounding seven. Omer Zawak, the spokesman for the provincial governor, says the explosion occurred today at the market in the village of Safar. Safar is located 70 kilometers (42 miles) from the district centre of...  

US: Ranbaxy shares down on $ 500 mn fine

Mumbai: Ranbaxy Laboratories Ltd shares were down over 1 per cent in early trade on Tuesday after the generic drugmaker pleaded guilty to US felony charges related to drug safety and will pay $500 million in civil and criminal fines. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the US government. Ranbaxy USA pleaded guilty to three felony counts related to the manufacture of...  

Rupee down 8 paise against dollar in early trade

Mumbai: The rupee on Tuesday lost eight paise to 54.81 against the dollar in early trade on the Interbank Foreign Exchange market due to higher demand of the US currency from banks and importers. Forex dealers said dollar strengthening against other currencies in the global market also put pressure on the rupee. The domestic currency had closed higher by seven paise at 54.73 yesterday on fresh dollar selling by exporters...  

Tata Steel shares fall on $ 1.6 billion impairment charge

Mumbai: Tata Steel Ltd shares fell as much as 2.5 per cent on Tuesday morning after it said it will book a $1.6 billion impairment charge for the financial year ended March 31. The company said it is taking the charge due to weak economic and market conditions in Europe. Tata Steel shares were down more than 2 per cent as of 9:30 am. The steel maker made the announcement...  

Sensex ends flat, shrugs off 41-month low inflation data

Mumbai: Major equity benchmarks consolidated in trade today and closed flat shrugging off 41-month low April WPI inflation number of 4.89 per cent, way below RBI's comfort zone. The Sensex closed at 19722.2 up 30.62 points and the Nifty ended at 5995.40, up 14.95 points. About 1162 shares advanced, 1206 shares declined and 146 shares were unchanged. Key gainers in the Nifty were Ranbaxy Labs, Bank of Baroda, Sun Pharma,...  

Pak stocks zoom to record high after Sharif's emphatic win

Karachi: Buoyed by an emphatic win by Nawaz Sharif, Pakistani stock market on Monday surged to a record high after crossing 20,000-level for the first time in history and added nearly Rs 10,000 crore to the investors' wealth. The Karachi Stock Exchange's benchmark index KSE-100 rose to its all-time high of 20,309.36 points on Monday morning with a gain of 1.8 per cent of 359 points, as the General Elections...  

Gold falls, near 2-week low as dollar firms

London: Gold fell 1.2 per cent on Monday, holding near its weakest level in two weeks, as the dollar firmed on signs of an improving US job market and as holdings in exchange-traded funds slipped again. Bullion's safe-haven appeal has been dimmed by speculation the Federal Reserve could scale back its aggressive monetary stimulus after recent US labour market data pointed to a steady recovery trend in the world's largest...  

Jewellery stocks gain up to 7.5 pc on Akshaya Tritiya

Mumbai: Shares of jewellery manufacturers on Monday gained up to 7.5 per cent in an otherwise weak stock market amid hopes of pick-up in sales of gold jewellery and coins on Akshaya Tritiya. Thangamayil Jewellers soared by 7.49 per cent, Tribhovandas Bhimji Zaveri (3.19 per cent), Tara Jewels (3 per cent), Titan Industries (1.24 per cent), Rajesh Exports (1.84 per cent), Shree Ganesh Jewellers (1.84 per cent). Akshaya Tritiya is...  

Rupee down 15p vs dollar in early trade

Mumbai: The rupee on Monday lost 15 paise to hit a fresh over one-month low at 54.95 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies in the global markets. The rupee sentiment was hit by selling in commodities that was triggered by a strong dollar, which rose to a fresh four-and-a-half-year peak against the yen on...