Mumbai, May 11 (IANS) A benchmark index for Indian equities markets fell for the fourth straight day Friday, shedding over 127 points, to close below 17,000 on poor industrial output data that indicated a slowdown in the economy and continuing global concerns. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the [...]
MUMBAI: Benchmark indices fell 0.8% on Friday, extending losses to the fourth straight day, dragged down by a lower-than-expected industrial production reading in March. Pharma shares led declines with the BSE’s healthcare index dropping over 2% over the previous close. “Being a defensive sector, pharma stocks held on all this while. But some compression in [...]
The Sensex and the Nifty pared gains with the benchmark index and the 50-share NSE index both flat. Blue chips lead decliners, with ITC, Infosys and banking stocks all were down. Foreign investor selling has been a top concern this week, with net sales reaching a provisional 13.4 billion rupees over the previous [...]
Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. “Two months max”made for a great slogan and signal to buy on pullbacks, most recently in January 2010, your last chance to do so below $ 1,100, and April 2009, which was your last chance to buy [...]
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 [...]
Comex gold futures prices are trading modestly lower in early dealings Thursday. Prices were holding steady to firmer for much of the overnight session, but have just recently dipped as the U.S. dollar index has rallied to its daily high. The near-term technical posture of the gold market remains tilted in favor [...]
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 [...]
When the going gets tough, the tough gets going, says Ramesh Damani. And the best way to describe the current equity market situation in India is tough. The past year saw the Nifty touch 5,700 last July, but we also saw the painful crash to the lows of 4,500. Over 11% has been lost on [...]
MUMBAI (Reuters) – The Sensex and the Nifty rose on Monday, in a reversal from earlier losses, after a controversial set of provisions on taxation were deferred by a year, soothing fears about foreign outflows. Finance Minister Pranab Mukherjee told parliament the General Anti-Avoidance Rule (GAAR) would be delayed until fiscal 2013/14 and added the [...]
NEW DELHI: The Sensex rose as much as 0.6 percent early Thursday with ICICI Bank, RIL and L&T leading the gains. At 9:20 a.m., the 30-share BSE index was trading 0.5% higher at 16,566.16 led by ICICI Bank (up 0.9%), RIL (up 0.8%) and L&T (up 1.1%). The broader 50-share NSE index was up 0.6 [...]
