Finance

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

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

BSE closes points 405.92 up on March 7

New Delhi, March 7 (ANI): Trading at the Bombay Stock Exchange today closed 405.92 points up to stand at 21,919.79. At the National Stock Exchange the Nifty closed 125.50 points up to stand at 6,526.65. Adani Enterprises Ltd. and DLF were among the top gainers of Group A with an increase of 10.13% and 9.87% along with Jaiprakash Associates Ltd. and Yes Bank with an increase of 9.76% and 8.63% respectively, while the top losers of Group A include Aurobindo Pharma Ltd. and Tech Mahindra with a decrease of 4.82% and 4.61% along with MCX and Dr Reddys Lab with a decrease of 3.74% and 3.59% at the close of the markets. The Auto sector is up 136.52 points at 12,721.44 while the banking sector is up 689.10 points at 13,567.23 and the realty sector is up 69.64 points at 1,359.57. The Indian currency is down 0.03% at Rs 61.09 per dollar.

Mar 7, 2014

BSE closes points 225.76 up on March 6

New Delhi, March 6 (ANI): Trading at the Bombay Stock Exchange today closed 225.76 points up to stand at 21,502.62. At the National Stock Exchange the Nifty closed 72.50 points up to stand at 6,401.15. Prestige Estates and Reliance Infrastructure Ltd. were among the top gainers of Group A with an increase of 12.23% and 10.03% along with Jaiprakash Associates Ltd. and HDIL with an increase of 8.88% and 7.22% respectively, while the top losers of Group A include IPCA Lab and Glaxosmithkline Pharmaceuticals Ltd. with a decrease of 2.67% and 2.56% along with ABB India Ltd. and Eicher Motors with a decrease of 1.84% and 1.65% at the close of the markets. The Auto sector is up 87.80 points at 12,567.17 while the banking sector is up 213.19 points at 12,878.13 and the realty sector is up 50.70 points at 1,289.93. The Indian currency is down 0.76% at Rs 61.28 per dollar.

Mar 6, 2014

BSE closes points 270.91 up on March 04

New Delhi, March 04 (ANI): Trading at the Bombay Stock Exchange today closed 270.91 points up to stand at 21,217.56. At the National Stock Exchange the Nifty closed 76.50 points up to stand at 6,297.95. Hindalco Industries Ltd. and Tata Chemicals were among the top gainers of Group A with an increase of 8.25% and 8.10% along with Yes Bank and BOB with an increase of 6.15% and 5.85% respectively, while the top losers of Group A include Motherson Sumi Systems Ltd. and Glaxosmithkline Pharmaceuticals Ltd. with a decrease of 3.81% and 2.72% along with Sobha Developers Ltd. and JPPOWER with a decrease of 2.28% and 1.79% at the close of the markets. The Auto sector is up 156.41 points at 12,505.98 while the banking sector is up 56.41 points at 12,478.42 and the realty sector is up 15.03 points at 1,218.25. The Indian currency is up 0.15% at Rs 62.02 per dollar.

Mar 4, 2014

BSE closes points 173.47 down on March 3

New Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 173.47 points down to stand at 20,925.22. At the National Stock Exchange the Nifty closed 55.50 points down to stand at 6,221.45. Sobha developers Ltd. and Federal Bank were among the top gainers of Group A with an increase of 8.86% and 3.78% along with Motherson Sumi Systems Ltd. and Adani Enterprises Ltd. with an increase of 3.75% and 3.74% respectively, while the top losers of Group A include JP POWER and HCL Tech with a decrease of 15.21% and 4.63% along with JSW ENERGY and Nestle India with a decrease of 3.87% and 3.85% at the close of the markets. The Auto sector is down 174.89 points at 12,423.84 while the banking sector is down 103.60 points at 12,180.67 and the realty sector is down 1.38 points at 1,202.12. The Indian currency is down 0.03% at Rs 62.04 per dollar.

Mar 3, 2014

BSE closes points 133.13 up on Feb 28

New Delhi, Feb 28 (ANI): Trading at the Bombay Stock Exchange today closed 133.13 points up to stand at 21,120.12. At the National Stock Exchange the Nifty closed 38.15 points up to stand at 6,276.95. JP Power and Piramal Enterprises Ltd were among the top gainers of Group A with an increase of 12.26% and 7.26% along with Hindalco Industries and Power Finance with an increase of 6.86% and 6.71% respectively, while the top losers of Group A include Maruti Suzuki and Dish TV India with a decrease of 4.54% and 3.16% along with Financial Technologies and Nestle India with a decrease of 3.09% and 3.00% at the close of the markets. The Auto sector is up 170.83 points at 12,598.73 while the banking sector is up 33.74 points at 12,284.27 and the realty sector is up 0.26 points at 1,203.50. The Indian currency is down 0.14% at Rs 62.07 per dollar.

Feb 28, 2014

BSE closes points 108.42 up on Feb 26

New Delhi, Feb 26 (ANI): Trading at the Bombay Stock Exchange today closed 108.42 points up to stand at 20,960.89. At the National Stock Exchange the Nifty closed 38.75 points up to stand at6,238.80. Max India and ABB India Ltd. were among the top gainers of Group A with an increase of 5.00% and 4.28% along with JSW ENERGY and Siemens with an increase of 4.20% and 4.19% respectively, while the top losers of Group A include NMDC and Reliance Capital with a decrease of 3.76% and 3.28% along with Tata Steel and Unitech with a decrease of 3.24% and 3.14% at the close of the markets. The Auto sector is up 115.45 points at 12,437.59 while the banking sector is up 63.67 points at 12,246.05 and the realty sector is down 5.26 points at 1,204.24. The Indian currency is down 0.06% at Rs 61.97 per dollar.

Feb 26, 2014

BSE closes points 41.03 up on Feb 25

New Delhi, Feb 25 (ANI): Trading at the Bombay Stock Exchange today closed 41.03 points up to stand at 20,852.47. At the National Stock Exchange the Nifty closed 13.95 points up to stand at 6,200.05. Aurobindo Pharma and MCX were among the top gainers of Group A with an increase of 6.93% and 4.99% along with Financial Technology and Sobha Dev with an increase of 4.95% and 4.84% respectively, while the top losers of Group A include JP POWER and Engineers India with a decrease of 4.52% and 4.18% along with SAIL and IRB Infra with a decrease of 3.67% and 3.57% at the close of the markets. The Auto sector is up 68.15 points at 12,318.12 while the banking sector is down 19.53 points at 12,173.13 and the realty sector is up 0.56 points at 1,209.50. The Indian currency is up 0.21% at Rs 61.94 per dollar.

Feb 25, 2014

BSE closes points 114.26 up on Feb 24

New Delhi, Feb 24 (ANI): Trading at the Bombay Stock Exchange today closed 114.26 points up to stand at 20,815.01. At the National Stock Exchange the Nifty closed 30.65 points up to stand at6,186.10. Muthoot Finance and Tata Power were among the top gainers of Group A with an increase of 5.41% and 5.08% along with Shree Cement and Cadila Health with an increase of 4.99% and 4.94% respectively, while the top losers of Group A include NTPC and Mangalore Refinery with a decrease of 11.43% and 2.66% along with Zee Entertainment and Hindustan Zinc with a decrease of 2.53% and 2.45% at the close of the markets. The Auto sector is up 81.55 points at 12,249.20 while the banking sector is up 169.56 points at 12,218.96 and the realty sector is down 0.05 points at 1,208.94. The Indian currency is up 0.23% at Rs 62.98 per dollar.

Feb 24, 2014

BSE closes points 153.59 up on Feb 21

New Delhi, Feb 21 (ANI): Trading at the Bombay Stock Exchange today closed 153.59 points up to stand at 20,690.23. At the National Stock Exchange the Nifty closed 64.00 points up to stand at 6,155.45. Mcleod Russel and Ambuja Cements were among the top gainers of Group A with an increase of 6.19% and 6.16% along with ACC and Gujarat State Petrochemicals with an increase of 6.00% and 5.94% respectively, while the top losers of Group A include MCX and Reliance Communication with a decrease of 5.13% and 5.07% along with Financial Technologies and Bharti Airtel with a decrease of 4.99% and 2.71% at the close of the markets. The Auto sector is up 64.38 points at 12,171.12 while the banking sector is up 115.89 points at 12,027.51 and the realty sector is down 0.44 points at 1,209.78. The Indian currency is up 0.18% at Rs 62.12 per dollar.

Feb 21, 2014

WhatsApp Plus In The Works? Top 5 Features That Do Not Exist In The Current Version

Facebook to buy WhatsApp for $19 billion

California, Feb 20 (ANI): In a landmark deal that places the world's largest social network closer to the heart of mobile communications, Facebook will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock. The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network's determination to win the market for messaging. Founded by a Ukrainian immigrant Jan Koum, and a Stanford alumnus, Brian Acton, WhatsApp is a Silicon Valley startup fairy tale, rocketing to 450 million users in five years and adding another million daily.

Feb 20, 2014

BSE closes points 106.77 up on Feb 19

New Delhi, Feb 19 (ANI): Trading at the Bombay Stock Exchange today closed 106.77 points up to stand at 20,740.98. At the National Stock Exchange the Nifty closed 25.65 points up to stand at6,152.75. Adani Enter and Financial Tech were among the top gainers of Group A with an increase of 7.04% and 4.99% along with MCX and Gujarat Mineral with an increase of 4.95% and 3.82 % respectively, while the top losers of Group A include Jindal Steel and Tata Communication with a decrease of 2.79 % and 2.73 % along with Indian Bank and Bank of India with a decrease of 2.29% and 2.09% at the close of the markets. The Auto sector is down 7.06 points at 12,168.14 while the banking sector is up 41.65 points at 12,115.87 and the realty sector is up 5.21 points at 1,212.29. The Indian currency is down 0.32% at Rs 62.16 per dollar.

Feb 19, 2014

BSE closes points 145.47 up on Feb 18

New Delhi, Feb 18 (ANI): Trading at the Bombay Stock Exchange today closed 145.47 points up to stand at 20,609.53. At the National Stock Exchange the Nifty closed 53.80 points up to stand at6,127.10. ABB India Ltd. and Jindal Steel were among the top gainers of Group A with an increase of 12.44% and 7.03% along with Siemens and Adani Power Ltd. with an increase of 6.22% and 5.97% respectively, while the top losers of Group A include Hindustan Zinc and Motherson Sumi with a decrease of 2.56% and 2.27% along with Suzlon Energy and Jain Irrigation with a decrease of 2.21% and 1.75% at the close of the markets. The Auto sector is up 112.06 points at 12,171.03 while the banking sector is up 226.84 points at 12,025.21 and the realty sector is up 6.01 points at 1,206.03. The Indian currency is down 0.32% at Rs 62.16 per dollar.

Feb 18, 2014

BSE closes points 110.19 up on Feb 17

New Delhi, Feb 17 (ANI): Trading at the Bombay Stock Exchange today closed 110.19 points up to stand at 20,477.01. At the National Stock Exchange the Nifty closed 24.95 points up to stand at 6,073.30. Financial Technologies and Tata Motors Ltd. were among the top gainers of Group A with an increase of 4.98% and 4.74% along with MCX and Adani Power Ltd. with an increase of 4.35% and 3.95% respectively, while the top losers of Group A include Suzlon Energy and NMDC with a decrease of 5.04% and 4.92% along with The Ramco Cements and Amara Raja with a decrease of 4.32% and 3.20% at the close of the markets. The Auto sector is up 116.12 points at 12,084.10 while the banking sector is up 166.33 points at 11,824.11 and the realty sector is down 9.96 points at 1,200.02. The Indian currency is down 0.17% at Rs 62.03 per dollar.

Feb 17, 2014