The Indian benchmark indices have managed to bounce back and is trading on a positive note with the Sensex up 45 points at 37,737 while the Nifty is up 16 points at 11, 403 in the afternoon trade. Nifty media is up 1 percent led by EROS International Media which jumped 7 percent while INOX Leisure zoomed 6 percent. TV Today, Network18, PVR, TV18 Broadcast and Zee Entertainment are […]
The benchmark indices are trading lower on Thursday after the 25 bps hike in repo and reverse repo rates by the Reserve Bank of India (RBI) on Wednesday. Among individual stocks, Bharti Airtel has slipped over 3% at Rs 371 levels, while Maruti Suzuki is trading over 1.5% down at Rs9,195 levels. Among sectoral indices, […]
The Reserve Bank of India (RBI) on Wednesday raised its key lending rate — the repo rate — by 25 basis points to 6.5 percent, keeping its focus firmly on taming inflation, but sounded bullish about the broader economy’s prospects that was readying to move into faster lane. The six-member monetary policy committee (MPC), headed […]
Benchmark indices are trading lower with Nifty50 slipping below 11,300 levels as investors await the outcome of RBI’s third bi-monthly monetary policy meet for 2018-2019, due tomorrow. The six-member monetary policy committee of the central bank headed by Governor Urjit Patel in its June meet hiked the repo rate by 25 basis points to 6.25 […]
A total of 37 initial public offerings that garnered USD 1.2 billion during April-June, took the total proceeds through this route to USD 4 billion in the first half of 2018, says an EY report. According to the report, 32 IPOs in the SME markets raised USD 98.7 million and five in the main market […]
Indian markets created history last week with both benchmark indices rallying over 2 percent each. The S&P BSE Sensex gained 840 points or 2.3 percent while the Nifty50 rose 268 points or 2.43 percent for the week ended 27 July. The benchmark indices might have risen by a little over 2 percent but nearly 30 […]
The benchmark indices are trading at record highs on Thursday ahead of the expiry of July Futures and Options (F&O) contracts later in the day. The S&P BSE Sensex breached the 37,000 mark for the first time ever, reaching a record high of 37,026.18 in intra-day trade so far. The Nifty50, too, scaled a lifetime high of 11,179.60 levels. It is trading at its […]
The rupee touched a new all-time low of 69.13 against the dollar on Friday. The depreciation in the rupee has been on account of several factors. Monetary policy tightening Monetary policy tightening by the US Federal Reserve has resulted in the dollar strengthening. The US economy has been doing well and with inflation showing signs […]
Benchmark indices gained on Friday, while investors awaited the outcome of a no-confidence motion against the government. A no-confidence motion is currently underway in parliament against Prime Minister Narendra Modi’s government. IT stocks such as Infosys and HCL Technologies, gained as the rupee hit an all-time low. The Nifty IT index was trading up by 1.5 per cent. Among individual stocks, Bajaj Finserv […]
Most pharma stocks were trading with losses during afternoon trade on Thursday. The Nifty Pharma index was trading 1.14 per cent down at 8,785 around 02:45 pm with Cadila Healthcare (down 3.23 per cent), Biocon (down 2.45 per cent) and Cipla (down 2.26 per cent) as the top losers. Piramal Enterprises (down 1.34 per cent), […]
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