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  • Sensex closes above 27,000-mark for first time; Nifty at record high of 8,083 20 hours 23 minutes ago

    Mumbai: The BSE Sensex on Tuesday rose by 151 points to surpass the 27,000-mark for the first time and Nifty hit the record 8,100-level on buying by foreign funds triggered by narrowing CAD and better-than-expected growth. Continuing its surge for the eighth day, the BSE Sensex hit a fresh life-time high...
  • Coal allocation ruling hits Sensex, Nifty; Hindalco tanks 10 per cent August 25, 2014

    Mumbai: The Sensex and the Nifty on Monday hit new lifetime highs but fag-end selling due to Supreme Court's ruling on coal allocations hit investor sentiment with the NSE index ending in the red while the BSE barometer closed with a marginal 17-point gain at a new peak on closing...
  • No seat-sharing deal at the cost of self-respect: Praful Patel August 23, 2014

    Mumbai: Stating that there had been no response from Congress on the seat-sharing for the Maharashtra Assembly elections, senior National Congress Party leader Praful Patel on Saturday said that "we favour an alliance but it won't be at the cost of self-respect". "We will not have alliance with the Congress by...
  • SoundCloud to start paying artists, record companies August 22, 2014

    Berlin: SoundCloud said on Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify. Berlin-based SoundCloud boasts some 175 million unique listeners a month, but so far...
  • Nifty marks record high, tracks higher global shares August 22, 2014

    Mumbai: The Nifty is trading up 0.4 per cent after hitting a record high of 7,929.05, marking its fourth record high this week, surpassing the previous all-time high on Wednesday. Blue-chips gain: Infosys gains 0.89 per cent, while ICICI Bank is up 0.32 per cent. Asian shares rise in early trading after...
  • Nifty edges higher in cautious trade August 21, 2014

    Mumbai: The Nifty edged higher on Thursday for a seventh session of gains in the past eight, as continued buying by foreign investors bolstered blue-chips such as State Bank of India. The benchmark BSE Sensex provisionally closed 0.17 per cent higher at 26,360.11 points, while the broader Nifty ended up 0.2...
  • Kuddle: A new Instagram-like photo sharing app launched for children August 20, 2014

    Oslo: Kuddle, a Norwegian picture sharing app designed for children and billing itself as a rival to Instagram could have one million users by the end of the year and plans an aggressive push into the US market, its chief executive said on Tuesday. Kuddle, which raised $2 million in funding...
  • Sensex falls over 106 points to close at 26,314.29 August 20, 2014

    Mumbai: Sensex falls for the 1st time in seven sessions on Wednesday, down over 106 points the stock exchange clossed at 26,314.29 Earlier in the day the Competition Commission of India (CCI) has approved Deepak Fertilizers' proposed additional stake buy in Vijay Mallya group firm Mangalore Chemicals and Fertilizers. The approval from...
  • Sensex ends about 30 points higher at fresh closing peak of 26,420.67 on Tuesday August 19, 2014

    Mumbai: Markets surged for the sixth session in a row on Tuesday with benchmark Sensex rising 30 points to a new closing peak of 26,420.67 and the Nifty gaining 23 points to end at a record 7,897.50 on account of continued overseas fund inflows, lower oil prices and positive global...
  • Sensex rises 288 points to end at new record high of 26,390.96 August 18, 2014

    Mumbai: A benchmark index of Indian equities markets surged 288 points or 1.18 per cent to hit a record high of 26,413.11 points before closing at 26,390.96 points. Healthy buying was observed in bank, capital goods, oil and gas, automobile and metal sectors, while selling pressure was seen in IT and...
  • Nifty marks second consecutive weekly fall on geopolitical concerns August 8, 2014

    Mumbai: The Nifty fell more than 1 per cent on Friday, marking its second consecutive weekly decline, as blue-chips such as Larsen & Toubro slumped on global risk aversion after US President Barack Obama authorised targeted air strikes in Iraq. The broader Nifty provisionally lost 1.05 per cent, its third straight...
  • Nifty falls most in nearly 3-1/2 weeks; Sensex down over 400 points August 1, 2014

    Mumbai: The Nifty fell 1.5 per cent on Friday, marking its biggest single-day fall in nearly 3-1/2 weeks as blue-chips such as Reliance Industries slumped tracking weaker global markets ahead of US jobs data later in the session. The BSE Sensex lost 1.6 percent, or 414.13 points, to end at...
  • Sensex rebounds 96 points to reclaim 26K mark; Bharti Airtel up 5 pc July 30, 2014

    Mumbai: The benchmark Sensex rose for the first time in three sessions and closed 96 points higher to reclaim the 26,000 level on Wednesday powered by gains in bluechips, led by Bharti Airtel, on encouraging quarterly earnings. After slipping to 25,850.04 points in early trade on selling by cautious participants ahead...
  • Party chiefs of NCP, Congress to decide on seat sharing: Ajit Pawar July 27, 2014

    Nagpur: Reiterating NCP's demand for 144 seats in the upcoming Maharashtra Assembly polls, Deputy Chief Minister Ajit Pawar on Monday said the final decision on party's seat sharing with Congress will be taken by the chiefs of both the parties soon. "During the recent seat sharing meeting, the NCP has asserted...
  • Pirate Bay launches a mobile site, makes it easier for users to browse torrents on the go July 26, 2014

    New Delhi: File-sharing website Pirate Bay has launched a mobile site to make it easier for users to torrent on the go, reports Torrent Freak. Named The Mobile Bay, the new mobile-optimised site has an updated interface which is easier to navigate. Earlier mobile users were presented with a smaller version...
  • Nifty closes above 7800 for first time ever, Sensex ends at record high of 26,271 July 24, 2014

    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...
  • Sensex ends above 26000 mark, Nifty up 83.65 points July 22, 2014

    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...
  • 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...
  • Rupee slips to one-week low of 60.18 vs US dollar July 17, 2014

    Mumbai: The rupee on Thursday declined six paise to end at one-week low of 60.18 against the Greenback following demand for dollars in view of defence-related payments and importers. However, a positive closing in local equities, capital inflows and a weak dollar overseas helped cap the fall to some extent, a...
  • Sensex closes at over 1-week high; Hindalco logs best gain July 17, 2014

    Mumbai: Rising for the third session, the benchmark Sensex on Thursday edged higher to end at over one-week closing peak of 25,561.16 supported by gains in shares from metal and power sectors. After rising nearly 64 points, the BSE barometer pared gains amid profit-booking in realty, oil & gas and...
  • 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...
  • Indian rupee opens at 60.23 per dollar; down 11 paise July 16, 2014

    Mumbai: The Indian rupee slipped in the opening trade on Wednesday. It has opened lower by 11 paise at 60.23 per dollar against 60.12 on Tuesday. The dollar clung to modest gains post comments by the head of the Federal Reserve that rates could rise sooner if employment continued to...
  • Cynk: This $4.7 billion company has no assets, no revenues, no website and one employee July 11, 2014

    New York: It has no assets, no revenues and no business plan to speak of. But a company called Cynk Technology has seen its value soar as high as $4.7 billion. Wall Street analysts have been at loss to explain the spectacular 24,000 per cent rise in Cynk, which trades on...
  • 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...
  • Shares of PSU banks fall on Budget announcements July 10, 2014

    Mumbai: Shares of public sector banks declined as much as two per cent after Finance Minister Arun Jaitley on Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms. SBI ended 1.31 per cent lower, Allahabad Bank dropped 1.81 per cent and...
  • Rupee logs worst drop in a month, down 44paise at 60.19 vs dollar July 10, 2014

    Mumbai:Moving in tandem with equities, the rupee today tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar on a day the Narendra Modi-led government presented its maiden Budget. A firm dollar overseas and demand for the US currency from importers weighed on...
  • Rupee rises most in 7 weeks, ends at 59.69 vs US dollar on budget hopes July 2, 2014

    Mumbai: Indian rupee on Wednesday appreciated 38 paise -- its biggest single-day rise in seven weeks -- to close at 59.69 against the US dollar on optimism that the budget next week would contain strong measures to put finances and the economy back on track. Dollar selling by exporters amid lack...
  • Sensex ends 103 points higher on pickup in manufacturing growth, auto sales July 1, 2014

    Mumbai: The benchmark Sensex on Tuesday rose for the third straight session and closed 103 points up at a two-week high on good buying in bluechips after an uptick in manufacturing sector growth and signs of pickup in auto sales. Maruti Suzuki, Tata Motors and Hindalco shares led the rally on...
  • Rupee opens higher at 60.08 per dollar June 27, 2014

    Mumbai: The rupee on Friday opened with marginal gains of 6 paise at 60.08 per dollar on Friday as against previous day's closing value of 60.14 a dollar. Pramit Brahmbhatt of Veracity said, "Taking cues from US economic data and growing tensions in Iraq, domestic markets are expected to trade...
  • 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...