Finance

RBI hikes repo rate by 25 bps

New Delhi, Jan 28 (ANI): The Reserve Bank of India on Tuesday unexpectedly raised policy interest rate by 25 basis points. RBI Governor Raghuram Rajan however said that if consumer price inflation eases as projected it does not foresee further near-term tightening.

Jan 28, 2014

BSE closes points 389.88 down on Jan 27

New Delhi, Jan 27 (ANI): Trading at the Bombay Stock Exchange today closed 389.88 points down to stand at 20743.68. At the National Stock Exchange the Nifty closed 130.90 points down to stand at 6135.85. Glenmark Pharma and The Ramco Cements were among the top gainers of Group A with an increase of 5.49% and 3.54% along with Thermax and Hindustan Unilever with an increase of 2.60% and 2.46% respectively, while the top losers of Group A include Jaiprakash Associates and JP POWER with a decrease of 13.80% and 13.06% along with HDIL and GMR Infra with a decrease of 12.28% and 11.30% at the close of the markets. The Auto sector is down 397.76 points at 11,555.36 while the banking sector is down 499.10 points at 12,057.06 and the realty sector is down 89.11 points at 1,218.06. The Indian currency is down 0.72% at Rs 63.11 per dollar.

Jan 27, 2014

BSE closes points 240.10 down on Jan 24

New Delhi, Jan 24 (ANI): Trading at the Bombay Stock Exchange today closed 240.10 points down to stand at 21133.56. At the National Stock Exchange the Nifty closed 78.90 points up to stand at 6,266.75. Bharti Infratel and Mahindra and Mahindra Financial were among the top gainers of Group A with an increase of 2.50% and 2.40% along with Dabur India and Asian Paints Ltd. with an increase of 1.17% and 1.11% respectively, while the top losers of Group A include Ranbaxy Lab and Canara Bank with a decrease of 19.33% and 6.67% along with Biocon and Oriental Bank with a decrease of 5.61% and 5.48% at the close of the markets. The Auto sector is down 191.16 points at 11,953.12while the banking sector is down 240.70 points at 12,556.16 and the realty sector is down 43.02 points at 1,307.17. The Indian currency is up 0.28% at Rs 62.38per dollar.

Jan 24, 2014

Indian traders criticize Pakistan for halting cross-border trade

Poonch, Jan 23 (ANI): Indian traders criticised Pakistan authorities for halting cross-LoC (Line of Control) trade after the arrest of a Pakistani truck driver, who was arrested by the Indian security forces in connection with the smuggling of brown sugar last week.

Jan 23, 2014

BSE closes points 68.23 up on Jan 22

New Delhi, Jan 22 (ANI): Trading at the Bombay Stock Exchange today closed 68.23 points up to stand at 21319.35. At the National Stock Exchange the Nifty closed 19.80 points up to stand at 6,333.60.Jaypee Infratech Ltd and Torrent Power were among the top gainers of Group A with an increase of 5.18% and 3.58% along with Century Textiles and Bajaj Finserv Ltd. with an increase of 3.51% and 2.99% respectively, while the top losers of Group A include Mphasis and Mahindra and Mahindra Financial Services Ltd. with a decrease of 5.28% and 5.26% along with Dabur India and Berger Paints with a decrease of 4.06% and 3.04% at the close of the markets. The Auto sector is up 16.65 points at 12,256.39 while the banking sector is up 4.17 points at 12,773.68 and the realty sector is up 4.75 points at 1,348.40. The Indian currency is up 0.10% at Rs 61.82 per dollar.

Jan 22, 2014

BSE closes points 50.04 up on Jan 21

New Delhi, Jan 21 (ANI): Trading at the Bombay Stock Exchange today closed 50.04 points up to stand at 21255.09. At the National Stock Exchange the Nifty closed 12.55 points up to stand at 6,316.50. Suzlon Energy and Aurobindo Pharma were among the top gainers of Group A with an increase of 7.20% and 5.90% along with Biocon and Jet Air India with an increase of 5.85% and 5.48% respectively, while the top losers of Group A include Kotak Mahindra Bank and Allahabad Bank with a decrease of 3.10% and 2.89% along with CESC and Coal India with a decrease of 2.76% and 2.45% at the close of the markets. The Auto sector is up 106.66 points at 12,221.12 while the banking sector is up 198.25 points at 12,772.99 and the realty sector is up 8.01 points at 1,343.80. The Indian currency is down 0.28% at Rs 61.80 per dollar.

Jan 21, 2014

BSE closes points 129.88 up on Jan 20

New Delhi, Jan 20 (ANI): Trading at the Bombay Stock Exchange today closed 129.88 points up to stand at 21,192.88. At the National Stock Exchange the Nifty closed 42.30 points up to stand at 6,303.95. MCX and Aurobindo Pharma were among the top gainers of Group A with an increase of 10.86 % and 6.31% along with Reliance Communication Ltd and Tata Consultancy with an increase of 6.11% and 5.53% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services and McLeod Russel with a decrease of 2.42% and 2.22% along with TTK Prestige and RIL with a decrease of 1.77% and 1.70% at the close of the markets. The Auto sector is up 86.40 points at 12,114.46 while the banking sector is up 93.66 points at 12,574.74 and the realty sector is up 9.29 points at 1,335.79. The Indian currency is down 0.07% at Rs 61.59 per dollar.

Jan 20, 2014

Wipro net profit up 27 %, beats estimates

Bangalore, Jan 18 (ANI): India's third-largest Information technology (IT) services exporter, Wipro Limited, registered a 27 percent rise in quarterly net profit, topping estimates, bolstered by rising demand from overseas clients. Wipro chief executive officer, TK Kurien, aimed for a constant growth rate of four and four and half percent.

Jan 18, 2014

BSE closes points 187.51 down on Jan 17

New Delhi, Jan 17 (ANI): Trading at the Bombay Stock Exchange today closed 187.51 points down to stand at 21,077.67. At the National Stock Exchange the Nifty closed 48.20 points down to stand at 6,270.70. Indian Oil Corp and HPCL were among the top gainers of Group A with an increase of 6.08% and 4.61% along with BPCL and Reliance Communications with an increase of 2.63% and 2.59% respectively, while the top losers of Group A include MCX and TCS with a decrease of 6.13% and 5.59% along with Tech Mahindra and Financial Tech with a decrease of 5.03% and 4.99% at the close of the markets. The Auto sector is down 12.65 points at 12,011.22 while the banking sector is down 184.03 points at 12,496.49 and the realty sector is down 32.62 points at 1,326.43. The Indian currency is up 0.18% at Rs 61.43 per dollar.

Jan 17, 2014

BSE closes points 24.31 down on Jan 16

New Delhi, Jan 16 (ANI): Trading at the Bombay Stock Exchange today closed 24.31 points down to stand at 21,265.18. At the National Stock Exchange the Nifty closed 2.00 points down to stand at 6,318.90. Gitanjali Gems and Wockhardt were among the top gainers of Group A with an increase of 9.95 % and 4.33% along with Bharat Forge and HCL Tech with an increase of 4.26% and 4.23% respectively, while the top losers of Group A include Idea Cellular and Bharti Airtel with a decrease of 7.25% and 4.84% along with Max India and Reliance Communications Ltd. with a decrease of 4.37% and 4.18% at the close of the markets. The Auto sector is down 101.67 points at 12,023.87 while the banking sector is down 26.09 points at 12,680.52 and the realty sector is up 3.08 points at 1,359.05. The Indian currency is up 0.02% at Rs 61.53 per dollar.

Jan 16, 2014

Fiscal deficit will be contained at 4.8 % of GDP: Chidambaram

New Delhi, Jan 16 (ANI): India's fiscal deficit will be contained at 4.8 percent of the Gross Domestic Product (GDP) in the current fiscal year ending March, said finance minister, P Chidambaram, hinting at possible cuts in government spending. The finance minister expressed his "unflinching commitment" to contain the fiscal deficit, at a time when the deficit in the first eight months of the fiscal year has touched 93.9 percent of the full-year target. Meanwhile, the minister attributed the decline in growth to global factors and said he was confident that Indian economy would soon recover and show high growth in next three years.

Jan 16, 2014

BSE closes points 240.50 up on Jan 15

New Delhi, Jan 15 (ANI): Trading at the Bombay Stock Exchange today closed 240.50 points up to stand at 21,273.45. At the National Stock Exchange the Nifty closed 79.05 points up to stand at 6320.90.Max India and Future Retail were among the top gainers of Group A with an increase of 8.65% and 6.33% along with Unitech and Bank of India with an increase of 5.22% and 4.09% respectively, while the top losers of Group A include Prestige Estates and Nestle India with a decrease of 3.45% and 2.49% along with Mcleod Russel and Amara Raja with a decrease of 2.49% and 2.45% at the close of the markets. The Auto sector is up 153.91 points at 12,133.76 while the banking sector is up 185.70 points at 12,692.97 and the realty sector is up 17.90 points at 1,356.30.The Indian currency is down 0.15% at Rs 61.62 per dollar.

Jan 15, 2014

BSE closes points 101.33 down on Jan 14

New Delhi, Jan 14 (ANI): Trading at the Bombay Stock Exchange today closed 101.33 points down to stand at 21,032.88. At the National Stock Exchange the Nifty closed 30.90 points down to stand at 6,241.85. Cummins India and CESC were among the top gainers of Group A with an increase of 4.03% and 3.66% along with Adani Enterprises Ltd. and Mcleod Russel with an increase of 3.48% and 3.01% respectively, while the top losers of Group A include Dish TV India and Zee Entertainment Enterprises Ltd. with a decrease of 4.72% and 3.81% along with MCX and Mphasis with a decrease of 3.45% and 3.03% at the close of the markets. The Auto sector is down 40.06 points at 11,997.16 while the banking sector is down 82.78 points at 12,520.32 and the realty sector is down 17.84 points at 1,339.61. The Indian currency is down 0.02% at Rs 61.51 per dollar.

Jan 14, 2014

BSE closes points 409.07 up on Jan 13

New Delhi, Jan 13 (ANI): Trading at the Bombay Stock Exchange today closed 409.07 points up to stand at 21,167.56. At the National Stock Exchange the Nifty closed 101.30 points up to stand at 6,272.75.Apollo Tyres and Financial Technologies (India) Ltd. were among the top gainers of Group A with an increase of 5.19% and 4.98% along with Bharat Forge and TCS with an increase of 4.28% and 4.26% respectively, while the top losers of Group A include Exide Industries and Ranbaxy Lab with a decrease of 6.02% and 5.55% along with JP Power and Unitech with a decrease of 3.34% and 2.82% at the close of the markets. The Auto sector is up 74.81points at 12,031.12 while the banking sector is up 306.24 points at 12,645.04 and the realty sector is up 11.87 points at 1,360.13.The Indian currency is up 0.65% at Rs 61.50 per dollar.

Jan 13, 2014

BSE closes points 37.58 up on Jan 10

New Delhi, Jan 10 (ANI): Trading at the Bombay Stock Exchange today closed 37.58 points up to stand at 20,750.95. At the National Stock Exchange the Nifty closed 3.10 points up to stand at 6,173.10. Muthoot Finance Ltd. and Godrej Industries Ltd. were among the top gainers of Group A with an increase of 6.82% and 3.80% along with United Spirits and Tech Mahindra with an increase of 3.16% and 2.89% respectively, while the top losers of Group A include MCX and Financial Tech with a decrease of 9.80% and 4.99% along with Federal Bank and Motherson Sumi with a decrease of 4.83% and 4.59% at the close of the markets. The Auto sector is down 142.32 points at 11,939.01 while the banking sector is down 198.21 points at 12,333.92 and the realty sector is down 21.62 points at 1,347.84. The Indian currency is up 0.23% at Rs 61.93 per dollar.

Jan 10, 2014