Category: MARKETS

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 […]

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 […]

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 […]

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 […]

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) […]

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 […]

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