Finance

Sensex hits fresh all time high, Nifty crosses 6600

New Delhi, March 26 (ANI): Both Sensex and Nifty on Wednesday crossed their all time high. The Sensex opened higher at 22,134.71 and rose further to an all-time high of 22,172.10 before quoting at 22,154.79 showing a gain of 99.58 points from its last close. Meanwhile, Nifty crossed a high of 6600. Talking about the development, Market Analyst Akash Jindal predicted that after Diwali it may cross 25000. Jindal also said that economy is looking better with dollar below the rupee now. He also suggested the investors to not hurry in their investments and wait for some more time as the economy is going to boost further.

Mar 26, 2014

BSE closes points 12.76 down on March 25

New Delhi, March 25 (ANI): Trading at the Bombay Stock Exchange today closed 12.76 points down to stand at 22,042.72. At the National Stock Exchange the Nifty 6.25 points up to stand at 6,589.75. Dish TV India and Ashok Leyland were among the top gainers of Group A with an increase of 6.24% and 5.97% along with Apollo Tyres and Container Corp with an increase of 5.87% and 5.85% respectively, while the top losers of Group A include Pipavav Defence and Indian Bank with a decrease of 3.02% and 2.88% along with Oberoi Realty and RIL with a decrease of 2.87% and 2.87% at the close of the markets. The Auto sector is up 40.62 points at 12,929.12 while the banking sector is up 40.22 points at 14,220.05 and the realty sector is up 18.09 points at 1,394.04. The Indian currency is up 0.47% at Rs 60.49 per dollar.

Mar 25, 2014

BSE Sensex hits record high bank stocks lead

New Delhi/ Mumbai, March 25 (ANI): Indian stock market jumped nearly 1.5 percent to record highs surpassing their previous all-time highs hit just last week as lenders extended a recent rally boosted by strong foreign investor flows. The Nifty ended 1.36 percent higher after marking a lifetime high of 6,591.50, while the benchmark Sensex finished 1.38 percent up after touching a record high of 22,074.34, surpassing their previous milestones hit on March 18. The prospect that the upcoming elections will usher in a new government led by the BJP is also aiding the gains, given market perceptions that the party has a more business-friendly stance.

Mar 25, 2014

BSE closes points 299.66 up on March 24

New Delhi, March 24 (ANI): Trading at the Bombay Stock Exchange today closed 299.66 points up to stand at 22,054.98. At the National Stock Exchange the Nifty closed 88.60 points up to stand at 6,583.50. Container Corporation Of India Ltd and Engineers India were among the top gainers of Group A with an increase of 5.79% and 5.71% along with Gail India and Muthoot Finance Ltd. with an increase of 5.22% and 5.16% respectively, while the top losers of Group A include United Spirits and Financial Technologies with a decrease of 3.98% and 3.60% along with TV18 Broadcast and Aurobindo Pharma Ltd. with a decrease of 3.31% and 2.51% at the close of the markets. The Auto sector is up 104.44 points at 12,885.53 while the banking sector is up 387.54 points at 14,190.58 and the realty sector is up 4.60 points at 1,373.39. The Indian currency is up 0.32% at Rs 60.70 per dollar.

Mar 24, 2014

BSE closes points 16.78 up on March 21

New Delhi, March 21 (ANI): Trading at the Bombay Stock Exchange today closed 16.78 points up to stand at 21,756.87. At the National Stock Exchange the Nifty closed 10.10 points up to stand at 6,493.20. HDIL and Bosch were among the top gainers of Group A with an increase of 4.95% and 4.78% along with Suzlon Energy and Hindustan Copper Ltd. with an increase of 4.72% and 4.61% respectively, while the top losers of Group A include Mphasis and Indian Oil Corporation with a decrease of 3.62% and 3.26% along with Mangalore Refinery and Gujarat Mineral with a decrease of 3.13% and 2.82% at the close of the markets. The Auto sector is up 106.10 points at 12,749.95 while the banking sector is up 84.38 points at 13,810.25 and the realty sector is up 23.29 points at 1,368.29. The Indian currency is up 0.51% at Rs 61.03 per dollar.

Mar 21, 2014

BSE closes points 79.74 down on March 20

New Delhi, March 20 (ANI): Trading at the Bombay Stock Exchange today closed 79.74 points down to stand at 21,753.12. At the National Stock Exchange the Nifty closed 40.95 points down to stand at 6,483.10. JSW ENERGY and TTK Prestige were among the top gainers of Group A with an increase of 6.19% and 5.33% along with TV18 Broadcast and United Spirits with an increase of 3.53% and 3.52% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services Ltd. and Indiabulls Real Estate Ltd. with a decrease of 5.01% and 4.60% along with Unitech and BPCL with a decrease of 4.37% and 4.07% at the close of the markets. The Auto sector is down 133.97 points at 12,643.02 while the banking sector is down 176.29 points at 13,738.32 and the realty sector is down 30.87points at 1,344.74. The Indian currency is down 0.40% at Rs 61.20 per dollar.

Mar 20, 2014

BSE closes points 2.08 up on March 19

New Delhi, March 19 (ANI): Trading at the Bombay Stock Exchange today closed 2.08 points up to stand at 21,834.69. At the National Stock Exchange the Nifty closed 7.40 points up to stand at 6,524.05. Petronet LNG and TV18 Broadcast were among the top gainers of Group A with an increase of 5.44% and 4.55% along with Tata Steel and Hindalco Industries with an increase of 4.48% and 4.27% respectively, while the top losers of Group A include TCS and Indian Oil Corp with a decrease of 3.94% and 3.48% along with ONGC and Rural Electrification Corporation Ltd with a decrease of 3.00% and 2.94% at the close of the markets. The Auto sector is up 5.35 points at 12,791.32 while the banking sector is up 82.85 points at 13,913.66 and the realty sector is down 6.29 points at 1,374.24. The Indian currency is up 0.18% at Rs 61.01 per dollar.

Mar 19, 2014

BSE closes points 12.33 up on March 18

New Delhi, March 18 (ANI): Trading at the Bombay Stock Exchange today closed 12.33 points up to stand at 21,822.13. At the National Stock Exchange the Nifty closed 12.45 points up to stand at 6,516.65. Maruti Suzuki and Financial Tech were among the top gainers of Group A with an increase of 7.54% and 4.99% along with Union Bank and Shriram Transport Finance Co. Ltd. with an increase of 4.84% and 4.24% respectively, while the top losers of Group A include Muthoot Finance Ltd. and IRB Infrastructure Developers Ltd. with a decrease of 5.95% and 5.22% along with JPPOWER and Tata Motors with a decrease of 4.78% and 3.09% at the close of the markets. The Auto sector is down 13.00 points at 12,795.16 while the banking sector is up 50.93 points at 13,807.08 and the realty sector is down10.47points at 1,377.21. The Indian currency is up 0.07% at Rs 61.15 per dollar.

Mar 18, 2014

BSE closes points 22.55 up on March 14

New Delhi, March 14 (ANI): Trading at the Bombay Stock Exchange today closed 22.55 points up to stand at 21,797.16. At the National Stock Exchange the Nifty closed 11.10 points up to stand at 6,504.20. Crompton Greaves Ltd. and Gujarat Mineral Development Corporation Ltd. were among the top gainers of Group A with an increase of 5.12% and 4.08% along with DLF and Adani Enterprises Ltd. with an increase of 4.04% and 3.80% respectively, while the top losers of Group A include L&T Finance Holdings and Financial Tech with a decrease of 6.19% and 4.15% along with MCX and Thermax with a decrease of 4.47% and 3.57% at the close of the markets. The Auto sector is up 134.24 points at 12,823.17 while the banking sector is down 86.41 points at 13,763.44 and the realty sector is up 14.10 points at 1,387.99. The Indian currency is down 0.06% at Rs 61.13 per dollar.

Mar 14, 2014

BSE closes points 81.61 down on March 13

New Delhi, March 13(ANI): Trading at the Bombay Stock Exchange today closed 81.61 points down to stand at 21,774.61. At the National Stock Exchange the Nifty closed 23.80 points down to stand at 6,493.10. MMTC and BPCL were among the top gainers of Group A with an increase of 9.63% and 7.25% along with Hindustan Copp and Power Finance with an increase of 6.79% and 5.49% respectively, while the top losers of Group A include Infosys and L and T Financial Holdings with a decrease of 8.54% and 7.04% along with GMR Infra and DLF with a decrease of 6.00% and 5.94% at the close of the markets. The Auto sector is up 68.65 points at 12,688.93 while the banking sector is up 126.32 points at 13,849.85 and the realty sector is down 49.36 points at 1,373.89. The Indian currency is down 0.3% at Rs 61.03 per dollar.

Mar 13, 2014

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

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

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

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