Sensex tanks 435 points; Nifty gives up 15K
NEW DELHI: Extending its losses for the fourth straight session, equity benchmark Sensex slipped below the 51,000-mark by tumbling 435 points on Friday, tracking losses in ICICI Bank, Axis Bank and SBI. The 30-share BSE index ended 434.93 points or 0.85 per cent lower at 50,889.76. Similarly, the broader NSE Nifty gave up the 15,000 […]
Sensex over 50K mark as Joe Biden, Budget fuel fast recovery hopes
NEW DELHI: Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India’s barometer index — the S&P BSE Sensex — to cross the 50,000 mark on Thursday. However, the barometer index dipped below the psychologically important mark due to profit booking at […]
Sensex snaps 10-session winning run, skids 264 points; RIL top drag
MUMBAI: Snapping its 10-session rising streak, equity benchmark Sensex tumbled 264 points on Wednesday as investors booked profits in Reliance Industries Limied (RIL) , as well as IT, finance and FMCG stocks amid mixed global cues. However, a recovering rupee and sustained foreign fund inflows restricted the fall, traders said. After touching its record intra-day […]
Competition Comm to have regional presence; more streamlined processes: CCI chief
NEW DELHI: As it seeks to become more nimble as well as strengthen its prowess to clamp down on unfair business ways, the Competition Commission of India (CCI) plans to further streamline processes and also have its regional presence. The CCI, which has the mandate to check anti-competitive practices and also encourage fair business ways […]
Markets begin 2021 with a bang; Nifty closes above 14k
NEW DELHI: The BSE Sensex surged to record highs while the NSE Nifty closed above the 14,000-mark for the first time on Friday as markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks. Extending its record-setting streak for the fifth day, the 30-share BSE Sensex rose […]
Moscow starts mass COVID-19 vaccination with its Sputnik V shot
MOSCOW:Moscow began distributing the Sputnik V COVID-19 shot via 70 clinics on Saturday, marking Russia’s first mass vaccination against the disease, the city’s coronavirus task force said. The task force said the Russian-made vaccine would first be made available to doctors and other medical workers, teachers and social workers because they ran the highest risk […]
Mutual funds folio count surges by 18 lakh in June quarter
NEW DELHI: The mutual fund industry has added 18 lakh investor accounts in three months ended June 30, taking the total tally to 9.15 crore, amid volatile market conditions. A big chunk of this growth in folio generation is driven by digital platforms – especially in times of the lockdown, said Harsh Jain, co-founder of […]
Investor wealth jumps Rs 7.71 lakh crore as markets recover
NEW DELHI: Investor wealth on Tuesday jumped Rs 7,71,377 crore as markets bounced back after two days of fall, tracking a broad-based rally in global equities. The Sensex gained 2,476.26 points to close at 30,067.21 after resuming trading on Tuesday. Following rise in equities, the market capitalisation of the BSE-listed firms zoomed Rs 7,71,377.02 crore […]
Sensex plummets 1,375 points; Nifty ends below 8,300
NEW DELHI: Equity benchmark Sensex plummeted over 1,375 points on Monday, tracking heavy losses in banking and auto stocks, amid an unsettling spike in Covid-19 cases. After plunging over 1,500 points during the day, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32. Similarly, the NSE Nifty fell 379.15 points, […]
Indian Rupee settles 70 paise lower at 75.59 against US dollar
NEW DELHI: The rupee settled 70 paise lower at 75.59 (provisional) against the US dollar on Monday amid rise in coronavirus cases in the country and weak domestic equities. Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. Moreover, strengthening of the American currency […]
Investor wealth tumbles Rs 9.74 trillion in two days as markets plunge
NEW DELHI:Investor wealth dropped by Rs 9.74 lakh crore in two days of market fall this week triggered by weak global trends and fears of coronavirus hitting the overall economy. In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs […]
Six of top-10 Indian firms add Rs 62,773 crore in market capitalisation; HUL, RIL top the list
BEIJING, NEW DELHI : Six of the top-10 most valued Indian firms together added Rs 62,772.95 crore in market valuation last week, with HUL and RIL emerging as the biggest gainers. BEIJING. NEW DELHI: Among the top 10, Reliance Industries, TCS, HUL, Infosys, Kotak Mahindra Bank and ITC witnessed gains in their market capitalisation (m-cap) […]
Investors lose Rs 2.55 trillion as stocks crash over economic slowdown
NEW DELHI: Investor wealth dropped Rs 2.55 trillion on Tuesday following a sharp plunge in the equity market as investor sentiment went for a toss amid concerns related to economic crisis and trade issues. The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to close at 36,562.91. Led by the sharp drop in […]
IIFL Finance to raise Rs 1,000 cr through bond issuance for business growth
NEW DELHI: IIFL Finance on Tuesday will come up with public issue of bonds to raise up to Rs 1,000 crore to fund business growth of the company. The non-convertible debentures (NCDs) will offer up to 10.5 per cent yield. The UK-based CDC Group backed IIFL Finance will issue secured and unsecured redeemable NCDs, aggregating […]
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 […]