Investor wealth plummets over Rs 4 lakh crore in 3 days of market fall
NEW DELHI: Investor wealth plunged over Rs 4 trillion in three days of market fall amid weak global trends and muted domestic sentiments. Stock markets extended their losses for a third straight day with cumulative losses of 3.05 per cent or 1,184.15 points since July 18. The 30-share index on Monday cracked 305.88 points or […]
Six of top 10 stocks lose over Rs 62,000 crore in market capitalisation
NEW DELHI: Six of the 10 most valued Indian companies suffered a combined erosion of Rs 62,147.7 crore in market valuation last week, with RIL and TCS taking the biggest knocks amid a weak broader market. HDFC Bank, ITC, SBI and ICICI Bank were the other laggards in the top-10 pack, while HDFC, Hindustan Unilever […]
Sensex posts 2nd-biggest fall this year; investors lose Rs 3.79 lakh crore in 2 days
NEW DELHI: The BSE Sensex crashed 560 points while the broader NSE Nifty closed much below the key 11,500-mark Friday after the government thwarted hopes of tax relief for FPIs. Lacklustre earnings, slowing consumption and already pricey valuations further kept a lid on buying sentiment, traders said. Led by a sell-off in auto and banking […]
Investors lose Rs 2.22 lakh crore as equities plunge
NEW DELHI: Investor wealth eroded by Rs 2.22 lakh crore on Thursday as markets recorded their biggest single-day fall this year after RBI delivered a rate cut on expected lines, but failed to assuage concerns regarding the NBFC sector. The 30-share BSE Sensex plummeted 553.82 points, or 1.38 per cent, to close at 39,529.72. Tracking […]
Seven of top 10 firms add Rs 1.42 trillion in m-cap; RIL best performer
NEW DELHI: Seven of the 10 most valued Indian firms together added Rs 1.42 trillion in market valuation last week, propelled by a broad rally in the equity markets amid the ruling BJP’s emphatic victory in the general elections. The 30-share BSE Sensex touched its lifetime (intra-day) high of 40,124.96 on Thursday, the day election […]
BSE to part ways with S&P Dow Jones, plans to develop its own indices
NEW DELHI: Asia’s oldest bourse BSE has decided to snap ties with S&P Dow Jones, which manages and operates benchmark Sensex, and plans to develop indices through its own in-house development team, exchange’s officials said. The two entities had announced a joint venture — Asia Index — in 2013 to provide an array of indices […]
Eight of top-10 firms gain Rs 1.69 trillion in m-cap; TCS, SBI shine
MUMBAI: Eight of the 10 most valued Indian firms together added Rs1.69 trillion in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI. A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs1,69,865.11 crore for the week ended Friday. […]
Sensex climbs 580 points to reclaim 35k-mark; banking, auto shares steal the show
NEW DELHI: Market benchmark Sensex soared almost 580 points to end at a one-month high of 35,011.65 of Friday, propelled by financials and auto stocks, amid cooling global crude prices, rising rupee and fresh flow of foreign funds. Positive leads from most other Asian markets that jumped to three-week highs and a positive opening of […]
BSE Sensex rebounds 187 points
NEW DELHI: Buoyed by easing crude oil prices and a recovery in the rupee, the BSE Sensex on Wednesday recaptured the 34,000-mark by jumping 187 points after four sessions of losses as global markets bounced back. The broader Nifty, after struggling, also managed to end above the 10,200-level. The rupee strengthened 42 paise to 73.15 […]
Sensex ends in red as late sell-off reverses early gains; down 181 points
NEW DELHI: The BSE Sensex gave up all its early gains of over 435 points to end 181 points lower at 34,134.38 on Monday, due to late sell-off in oil&gas, consumer durables, PSU, IT and infrastructure stocks amid crude again rising past USD 80 a barrel. The 30-share Sensex after a gap up opening at […]
Sensex logs first fall in 4 days, tanks 383 points on Indian rupee woes
NEW DELHI: The BSE benchmark Sensex snapped its three-day gains, plunging 383 points due to heavy selling mainly in financial and auto stocks as rising crude prices and rupee volatility spooked investors. The flagship index swung nearly 880 points both ways on alternate bouts of buying and selling during the session. The NSE Nifty too […]
Sensex rises 300 points on earnings optimism
MUMBAI: The BSE Sensex on Tuesday surged 297 points to went past the key 35,000-level, continuing its winning-run for the third straight day amid optimism ahead of quarterly earnings from heavyweights and recovery in the rupee. Meanwhile, the rupee strengthened by 25 paise to 73.58 (intra-day) against the US dollar in the forex market. Besides, […]
Sensex extends gains in cautious trade, up 132 points
NEW DELHI: Extending gains for the second straight day, the benchmark BSE Sensex on Monday surged about 132 points to end at 34,865.10 on emergence of buying in IT stocks, even as headwinds in form of ongoing global trade tiff and rising crude prices continued to hit investors sentiments. The NSE index Nifty gained 40 […]
Sensex rallies most in 19 months, Nifty ends above 10,450
NEW DELHI: Driven by fall in crude prices and the recovery in rupee, the BSE Sensex on Friday posted its biggest single-day gain in 19 months, soaring over 700 points as global markets rebounded after two straight sessions of losses. The rupee strengthened 53 paise to 73.59 (intra-day) against the US dollar in the forex […]