Business news

bse-closes-points-89-65-down-on-march-11

BSE closes points 89.65 down on March 11

New Delhi, March 11 (ANI): Trading at the Bombay Stock Exchange today closed 89.65 points down to stand at 21,845.18. At the National Stock Exchange the Nifty closed 25.35 points down to stand at 6,511.90. Engineers India and Thermax were among the top gainers of Group A with an increase of 6.39% and 5.37% along with IRB Infra and Reliance Infra with an increase of 5.25% and 5.00% respectively, while the top losers of Group A include Tata Steel and Financial Tech with a decrease of 5.64% and 4.99% along with Wockhardt and Crompton Greaves Ltd. with a decrease of 4.92% and 4.55% at the close of the markets. The Auto sector is down 98.31 points at 12,687.76 while the banking sector is down 26.85 points at 13,799.88 and the realty sector is up 28.75 points at 1,421.90. The Indian currency is down 0.05% at Rs 60.82 per dollar. Mar 11, 2014
sensex-hits-all-time-high-of-22000-market-expert-gives-credit-to-fii-inflows

Sensex hits all time high of 22000, Market Expert gives credit to FII inflows

Mumbai, March 10 (ANI): BSE Sensex hit a fresh all-time high and breached 22,000 mark on the back of strong foreign inflows from Foreign Institutional Investors (FII), said Market Expert Sunil Shah. Shah said that the FII investment comes as they think that India will outperform than other markets. He said that this comes in the backdrop of the ongoing wave in India that NDA will come to power after upcoming polls and Narendra Modi is considered as a investor-friendly and industry-friendly person. Further, Shah also cautioned the investors before investing high amounts in the market. Mar 11, 2014
bse-closes-points-10-40-up-on-march-10

BSE closes points 10.40 up on March 10

New Delhi, March 10 (ANI): Trading at the Bombay Stock Exchange today closed 10.40 points up to stand at 21,930.19. At the National Stock Exchange the Nifty closed 10.60 points up to stand at 6,537.25. Oberoi Realty and Shriram Transport Finance Co.Ltd. were among the top gainers of Group A with an increase of 10.07% and 7.17% along with Gujarat Mineral Development Corporation Ltd. and IDFC with an increase of 7.14% and 7.01% respectively, while the top losers of Group A include Prestige Estates and Glaxosmithkline Pharmaceuticals Ltd. with a decrease of 5.71% and 5.43% along with Glenmark Pharmaceuticals Ltd. and TCS with a decrease of 3.79% and 3.60% at the close of the markets. The Auto sector is up 64.14 points at 12,785.58 while the banking sector is up 259.50 points at 13,826.73 and the realty sector is up 33.58 points at 1,393.15. The Indian currency is down 0.10% at Rs 60.98 per dollar. Mar 10, 2014
sensex-hits-all-time-high-of-20000-market-expert-gives-credit-to-fii-inflows

Sensex hits all time high of 20000, Market Expert gives credit to FII inflows

Mumbai, March 10 (ANI): BSE Sensex hit a fresh all-time high and breached 22,000 mark on the back of strong foreign inflows from Foreign Institutional Investors (FII), said Market Expert Sunil Shah. Shah said that the FII investment comes as they think that India will outperform than other markets. He said that this comes in the backdrop of the ongoing wave in India that NDA will come to power after upcoming polls and Narendra Modi is considered as a investor-friendly and industry-friendly person. Further, Shah also cautioned the investors before investing high amounts in the market. Mar 10, 2014
government-to-set-up-inflation-target-rbi-to-implement-chidambaram

Government to set up inflation target, RBI to implement: Chidambaram

New Delhi, March 07 (ANI): Union Finance Minister P Chidambaram asserted on Friday that the government has the right set up an inflation target while the Reserve Bank of India's (RBI) role is to implement the decision. The comment by Chidambaram comes after a RBI panel in January proposed moving to an inflation target of 4 percent in three years, with a 2 percent band on either side when setting monetary policy, sharply below current levels. The recommendation raised concerns about a potential clash with the traditionally more pro-growth finance ministry, which were further reinforced after RBI surprised investors in January by raising interest rates by a quarter percentage point, its third hike in five months. Chidambaram made it clear that parliament will set an inflation target and entrust the central bank to implement the propositions. Mar 7, 2014
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