Stocks

SEBI probes Nifty 'flash crash', NSE blames Emkay Global

New Delhi: Market regulator SEBI has begun probe into the 900-point 'flash crash' of National Stock Exchange (NSE) index Nifty on Friday morning. The flash crash halted trade on the exchange for about 15 minutes. The NSE had blamed abnormal orders placed by stock broker Emkay Global for the crash and claimed there were no technical glitches in its system. In a statement issued on Friday evening, NSE said, "Stringent...  

SEBI initiates probe into 900-point Nifty 'flash crash'

Mumbai: Market regulator SEBI has begun initial probe into the 'flash crash' of NSE index Nifty, which fell by nearly 900 points on Friday morning, halting the trade on the exchange for about 15 minutes. While the National Stock Exchange (NSE) blamed "abnormal" orders placed by stock broker Emkay Global in multiple trades of various stocks at low prices for the crash, sources said that regulator is looking into all...  

Rupee near 6-month high; reform moves boost

Mumbai: The rupee rose to a near six-month high in opening trade on Friday after the government took more reform measures to attract foreign investment. India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament. Positive global risk sentiment and a stronger euro also aided gains, dealers...  

Sensex snaps winning run; trading disrupted

Mumbai: The Sensex fell on Friday, snapping a four-day rise, as profit-taking hit recent outperformers such as ICICI Bank, while investor sentiment was also hit after dozens of erroneous orders triggered a brief halt in the Nifty. ICICI Bank shares fell 1.7 per cent, while mortgage lender HDFC fell 5.08 per cent after Carlyle Group sold a 3.7 per cent stake for $841 million. The NSE was brought to a...  

Rupee at a new high as govt pushes for more reforms

Mumbai: The rupee rose to a five-and-a-half-month high on Thursday, as the government looked set to push forward with more fiscal and economic reforms, sparking a rally in stocks that is expected to attract more foreign investor inflows. The Cabinet was due to meet on Thursday to approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors. The...  

Kingfisher down 5 pc; falls for fourth straight day

Mumbai: Falling for the fourth straight day, shares of Kingfisher Airlines were down about 5 per cent as hopes of the ailing company resuming operations faded on Thursday with management failing to persuade striking engineers and pilots to return to work. The scrip tanked 4.79 per cent to hit the lower circuit limit of Rs 13.90 on the BSE. At the NSE, the stock plunged 4.79 per cent to Rs...  

Sensex ends above 19,000 on reform hopes; banks rally

Mumbai: The BSE Sensex rose to a 15-month high, while the Nifty hit 17-month highs, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as State Bank of India and ICICI Bank. State Bank of India gained 2.1 per cent, while ICICI Bank rose 2.9 per cent. The BSE Sensex rose 1 per cent to 19058.15. The 50-share Nifty gained 0.98 per...  

KFA share tanks 5 per cent, hits lower circuit

Mumbai: Falling for third day in a row on Wednesday, shares of Kingfisher Airlines plunged about five per cent after the company declared a partial lock-out, suspending flight operations till Thursday. Soon after the opening trade, the scrip tanked 4.89 per cent to touch the lower circuit limit of Rs 14.60 on the BSE. At the NSE too, the stock fell by 4.89 per cent to Rs 14.60. The airline...  

Sensex rises for third day, ends 46 points up

Mumbai: Rising for the third straight day, the Sensex on Wednesday gained 46 points to close at 18,869.69 on good buying in oil&gas, PSU and healthcare stocks amid a weak global trend. After opening at 18,841.49, the 30-share Sensex moved in a narrow 89-point range as trading remained largely lacklustre. It touched 18,905.62, an over 14-month high, and the day's low of 18,816.57, before ending at 18,869.69 - a level...  

Sensex ends 61 pts up; Infosys, ITC top gainers

Mumbai: The Sensex on Monday advanced by 61 points on the back of gains in Infosys, Tata Motors and ITC, amid a positive trend in European shares. The BSE benchmark index, that had gained 183 points in the previous session, rose by 61.17 points, or 0.33 per cent, to 18,823.91 driven by IT, capital goods and auto scripts. Trading remained firm on continued buying by funds and retail investors on...  

Nifty near 15-month closing high at 5700

Mumbai: It was a strong start to the October series as the NSE Nifty closed about its psychological 5700 mark. Strong buying was seen in auto, metal, power and FMCG stocks. Reliance, ITC, ICICI Bank, HDFC and L&T were major contributors to the Sensex while Infosys, HDFC Bank, SBI and BHEL were negative contributors. The Sensex was up 183.24 points or 0.99 per cent at 18762.74. It has touched an...  

Sensex closes down 53 points; RIL, Infosys fall

Mumbai: Reversing its earlier gains, the BSE benchmark index Sensex closed lower by 53 points on fag-end selling in heavy-weight stocks, including Infosys and Reliance Industries. The 30-share BSE barometer, which had climbed to 18,735.95 points in early trade, fell by 52.67 points, or 0.28 per cent, to settle at 18,579.50 points. The broad-based Nifty of the National Stock Exchange fell by 13.95 points, or 0.25 per cent to 5,649.50,...  

Sensex ends 62 points down; Airtel biggest loser

Mumbai: The BSE benchmark index Sensex ended 62 points down at 18,632.17 on profit-booking mainly in metal, PSU and capital goods stocks, amid a fall in global markets. The 30-share index resumed lower and hovered in a narrow range of 18,670.48 to 18,573.18 points before closing at 18,632.17 points, a loss of 62.24 points or 0.33 per cent. The NSE 50-share Nifty also ended lower by 10.45 points, or 0.18...  

Rupee falls 8 paise against dollar in early trade

Mumbai: The rupee declined by 8 paise to 53.55 against the dollar in early trade on the Interbank Foreign Exchange on Tuesday following increased month-end demand for the American currency from importers. Besides, dollar's gains against euro in the overseas markets amid the increasing threat for another debt-restructuring in Greece also put pressure on the local unit, forex dealers said. A higher opening in the stock market, however, restricted the...  

Sensex back in positive terrain; ends 21 points higher

Mumbai: The BSE benchmark Sensex on Tuesday ended over 21 points higher on some buying in fundamentally strong stocks as investors remained hopeful of more reform measures by the government to boost the economy. The Sensex, which had lost 79 points in the previous session, recovered by 21.07 points, or 0.11 per cent, at 18,694.41. Of 30 Sensex stocks, 12 gained while 18 closed lower. The BSE smallcap index rose...  

Sensex ends 80 points down; RIL, ONGC dip

Mumbai: After stunning performance of the market on Friday, investors opted for profit booking Monday. The 30-share BSE Sensex fell 79.49 points to close at 18,673.34, which rallied over 400 points on Friday after Mulayam Singh Yadav-led Samajwadi Party decided to support the Congress-led UPA government. Meanwhile, the 50-share NSE Nifty slipped 21.55 points to 5,669.60, weighed down by oil & gas and FMCG stocks. Overall the market was volatile...  

Sensex hits 14-month high as reforms continue

Mumbai: The BSE Sensex and Nifty rose over two per cent on Friday to their highest since July 2011 after the government announced new measures on overseas borrowing, bolstering confidence about its resolve to continue undertaking long-awaited reforms. Infrastructure shares gained after Finance Minister P Chidambaram announced a cut in the withholding tax, which had first been proposed in the annual budget in March. Larsen & Toubro (LART.NS) gained 3.84...  

Sensex loses 147 pts on political upheaval

Mumbai: Indian equity benchmarks as well as broader markets caught in bear grip Thursday, weighed down by weak global cues and political uncertainty. Profit booking and unwinding of long positions too dented sentiment. The 30-share BSE Sensex shed gains for the second consecutive session after rising consistently for 1200 points in previous nine sessions. The index declined 146.76 points to close at 18,349.25. Meanwhile, the 50-share NSE Nifty fell 45.80...  

Sensex snaps 9-day winning streak; ends 46 pts down

Mumbai: Indian shares snapped a nine-day winning streak on Tuesday as traders opted for profit booking ahead of holiday. The 30-share BSE Sensex, which surged over 1200 points in previous nine sessions (due to FDI approvals, diesel price hike, Fed stimulus and favourable German's Constitutional ruling on ESM), fell 46.30 points to close at 18,496.01. Meanwhile, the 50-share NSE Nifty closed above the 5600 level for the second consecutive session...  

Rupee at a high of 54.72 against dollar; up by 71 paise

Mumbai: The rupee gained a hefty 71 paise to trade at two-month high of 54.72 against the dollar in early trade on Friday at the Interbank Foreign Exchange as the American currency weakened against euro overseas. Dollar selling by exporters and banks amid a strong opening in the domestic equity market also supported the local unit, forex dealers said. The government's decision to hike diesel prices by Rs 5 per...