The BSE Sensex and NSE Nifty closed flat after shedding all its gains in the last couple of hours of trade due to weak European cues. It was looked like a nice rebound in the morning trade, with the Sensex rising more than 150 points led by appreciation in rupee. However, the fall in European [...]
The BSE Sensex and NSE Nifty opened 0.5% lower on Friday morning following weak Asian cues. Oil & gas and technology stocks were under pressure. SKS Microfinance shot up 17% after cabinet cleared Microfinance Bill yesterday, overriding state legislations on microfinance institutions. The BSE benchmark was down 33.54 points at 16,386.51 and the [...]
The NSE Nifty stayed below the 4950 level due to consistent sell-off in banks, oil & gas, technology and metals stocks. Market experts feel the next support level would be at 4800 level as benchmarks have been falling in five out of six sessions since last Friday. Sudarshan Sukhani, s2analytics.com sees the market closing [...]
Steel products manufacturer JSW Steel dropped as much as 8.4% to touch an intraday low of Rs 606.10 on the BSE after the Supreme court has ordered Central Bureau of Investigation inquiry against the company and BJP’s BS Yeddyurappa in the mining case. At 13:36 hours IST, the share was trading at Rs 626.80, [...]
Mumbai, May 12 (IANS) The Left-ward turn in politics in France and Greece and weak domestic economic data weighed heavy on Indian equities markets with a benchmark index closing lower for the third straight week, ended May 11, in spite of a slew of concessions offered by the finance minister in the finance bill for [...]
Much lower than expected growth in industrial output data for March sent the BSE Sensex and NSE Nifty more than 1% lower. Experts on average had expected industrial output at 1.5% for March. Prime Minister’s economic advisory panel chief C Rangarajan feels IIP data for March is very disappointing as it had not expected [...]
The BSE Sensex continued to trade sharply lower in afternoon due to fall in ITC and Infosys. L&T, ONGC and ICICI Bank too were under pressure. Pharma stocks hit quite badly today, with the BSE Healthcare Index falling 1.7%. Ranbaxy Labs topped the selling list, losing over 5% while Sun Pharma tanked 3%. Dr Reddy’s [...]
By Abhishek Vishnoi MUMBAI (Reuters) – The BSE Sensex fell for a fourth straight session to its lowest close since January 16, led by continued selling in blue chips after a contraction in factory output weighed on a market already grappling with global risk aversion. India’s industrial output unexpectedly contracted 3.5 percent in March from [...]
The BSE Sensex and NSE Nifty rebounded in afternoon trade due to buying interest in index heavyweights Reliance Industries and State Bank of India. ICICI Bank and Tata Motors too were quite supportive. However, the fall in ITC, Infosys, ONGC and TCS capped the recovery. The BSE benchmark was up 13.37 points to 16,433.42 [...]
MUMBAI: Promoters of Chettinad Cement Corporation are making a voluntary offer to the company’s public shareholders to delist the shares from local stock exchanges. The company’s board will meet on Tuesday to consider the delisting proposal, according to a disclosure to the BSE on Friday. The announcement sent Chettinad Cement shares soaring 20% to a [...]
