Finance

More data needed to be confident on economic pick-up: Raghuram Rajan

Kolkata, Dec 12 (ANI): RBI chief, Raghuram Rajan has stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the rupee's fall is yet to kick in. Rajan stated this while addressing the ‘5th National Conference on Leadership’ in Kolkata. Rajan added that the rupee has stabilised "somewhat", but said there is no room for complacency. He also called on the government to continue its efforts to contain the fiscal deficit and said raising subsidised diesel prices to market levels would help.

Dec 12, 2013

BSE closes points 41.48 down on Dec 11

New Delhi, Dec 11 (ANI): Trading at the Bombay Stock Exchange today closed 41.48 points down to stand at 21,213.78. At the National Stock Exchange the Nifty closed 24.95 points down to stand at 6,307.90. Suzlon Energy and Bharti Infratel were among the top gainers of Group A with an increase of 7.42% and 3.85% along with Dish TV India and MRF with an increase of 3.66% and 3.60% respectively, while the top losers of Group A include Pipavav Defence and JSW ENERGY with a decrease of 4.95% and 4.00% along with MCX and Adani Enterprises Ltd. with a decrease of 3.71% and 3.63% at the close of the markets. The Auto sector is down 132.39 points at 12,322.75 while the banking sector is up 24.49 points at 13,535.12 and the realty sector is down 2.75 points at 1,377.67. The Indian currency is down 0.42% at Rs 61.30 per dollar.

Dec 11, 2013

BSE closes points 71.16 down on Dec 10

New Delhi, Dec 10 (ANI): Trading at the Bombay Stock Exchange today closed points 71.16 down to stand at 21249.80. At the National Stock Exchange the Nifty closed 31.05 points down to stand at 6,322.85. Hindustan Zinc and Oberoi Realty were among the top gainers of Group A with an increase of 7.03% and 5.21% along with Indian Hotels Company Ltd. and MRF Ltd with an increase of 5.05% and 4.54% respectively, while the top losers of Group A include NTPC and Torrent Power Ltd. with a decrease of 11.26% and 4.83% along with Adani Power Ltd. and Jaypee Infratech Ltd. with a decrease of 4.43% and 4.40% at the close of the markets. The Auto sector is down 11.03 points at 12,455.14, while the banking sector is down 244.17 points at 13,510.63 and the realty sector is down 20.76 points at 1,380.42. The Indian currency is down 0.04% at Rs 61.16 per dollar.

Dec 10, 2013

Mukesh Ambani announces Rs. 2,500 crore investment for digital infrastructure

Mohali, Dec 10 (ANI): Business tycoon, Mukesh Ambani has announced an investment of Rs. 2,500 crore for the setting up of digital infrastructure in Punjab. Ambani also announced that Reliance Foundation will partner with Punjab in promoting sports, specially basketball in schools. Ambani said this while attending the Progressive Punjab Summit in Mohali, along with global steel giant, Arcelormittal CEO, Lakshmi Mittal and Chief of Punjab, Prakash Singh Badal. Further addressing the summit, Ambani declared his future plan of connecting to 147 towns. Ambani also talked about creating employment for the people.

Dec 10, 2013

BSE closes points 290.02 up on Dec 9

New Delhi, Dec 9 (ANI): Trading at the Bombay Stock Exchange today closed 290.02 points up to stand at 21,286.55. At the National Stock Exchange the Nifty closed 104.00 points up to stand at 6,363.90. Oriental Bank and DLF were among the top gainers of Group A with an increase of 8.22% and 6.51% along with Bharti Infratel and Exide Industries Ltd. with an increase of 5.47% and 5.40% respectively, while the top losers of Group A include Jindal Steel and Sobha Developers Ltd. with a decrease of 6.01% and 3.17% along with Eicher Motors and Max India with a decrease of 3.11% and 2.79% at the close of the markets. The Auto sector is up 147.70 points at 12,445.11, while the banking sector is up 325.71 points at 13,689.45 and the realty sector is up 35.64 points at 1,401.24. The Indian currency is up 0.61% at Rs 61.04per dollar.

Dec 9, 2013

Sensex up by 360 points, BJP's Assembly poll results responsible: Expert

Mumbai, Dec 09 (ANI): The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high in effect to the BJP, who swiped all 3 Assembly polls and leaving positive expectations in Delhi too, said Market Expert Sunil Shah. Shah said that BJP, symbolized by Narendra Modi represents development and supports investment and progress which has caused such impact on the market trends. He also said that if it continues, NDA will form government in the upcoming general elections.

Dec 9, 2013

BSE closes points 81.87 up on Dec 6

New Delhi, Dec 6 (ANI): Trading at the Bombay Stock Exchange today closed 81.87 points up to stand at 21,039.68. At the National Stock Exchange the Nifty closed 18.80 points up to stand at 6,259.90. Oriental Bank and Tata Power were among the top gainers of Group A with an increase of 8.01% and 6.35% along with Amara Raja and UCO Bank with an increase of 5.00% and 4.92% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services Ltd. and Gujarat State Petronet Ltd. with a decrease of 2.39% and 2.11% along with Future Retail and Godrej Consumer Products Ltd. with a decrease of 2.09% and 1.84% at the close of the markets. The Auto sector is up 50.23 points at 12,292.04, while the banking sector is up 133.56 points at 13,431.82 and the realty sector is up 4.22 points at 1,367.04. The Indian currency is up 0.22% at Rs 61.62 per dollar.

Dec 6, 2013

BSE closes points 240.08 up on Dec 5

New Delhi, Dec 05 (ANI): Trading at the Bombay Stock Exchange today closed 240.08 points up to stand at 20948.79. At the National Stock Exchange the Nifty closed 76.45 points up to stand at 6237.40. IDFC and ICICI Bank were among the top gainers of Group A with an increase of 6.88% and 6.74% along with IRB Infra and Yes Bank with an increase of 6.41% and 6.04% respectively, while the top losers of Group A include Strides Arco and Zee Entertainment Ltd. with a decrease of 14.60% and 3.29% along with Gitanjali Gems and Eicher Motors with a decrease of 3.01% and 2.86% at the close of the markets. The Auto sector is up 45.92 points at 12,242.13, while the banking sector is up 558.75 points at 13,291.51 and the realty sector is up 18.09 at 1,361.01.The Indian currency is up 0.34% at Rs 61.84 per dollar.

Dec 5, 2013

Rupee, Sensex surge as BJP leads in exit polls

Mumbai/: New Delhi/ Jammu, Dec 05 (ANI): The rupee rose to a five-week high against the dollar and stocks jumped around 1.5 percent to near record highs on Thursday as exit polls predicted a strong showing for BJP during recent state polls. Market analysts in commercial capital of Mumbai said that Sensex surged to a record-high as investors foresaw a possible change of government even at the federal level.

Dec 5, 2013

BSE closes points 125.66 down on Dec 4

New Delhi, Dec 04 (ANI): Trading at the Bombay Stock Exchange today closed 125.66 points down to stand at 20729.26. At the National Stock Exchange the Nifty closed 40.90 points down to stand at 6,160.95. Adani Power and Dish TV India were among the top gainers of Group A with an increase of 6.39% and 3.89% along with JP Power and Tata Power with an increase of 3.12% and 2.87% respectively, while the top losers of Group A include Unitech and Eicher Motors with a decrease of 9.54% and 4.34% along with HDIL and RAMCOCEM with a decrease of 4.20% and 3.91% at the close of the markets. The Auto sector is down 128.42 points at 12,196.72, while the banking sector is down 37.26 points at 12,769.02 and the realty sector is down 36.80 at 1,342.99. The Indian currency is up 0.06% at Rs 62.32 per dollar.

Dec 4, 2013

BSE closes points 41.88 down on Dec 3

New Delhi, Dec 3 (ANI): Trading at the Bombay Stock Exchange today closed 41.88 points down to stand at 20,856.13. At the National Stock Exchange the Nifty closed 16.00 points down to stand at 6,201.85. Mcleod Russel and Unitech were among the top gainers of Group A with an increase of 7.21% and 5.44% along with Sun TV Network and Bajaj Finance Ltd. with an increase of 5.27% and 5.00% respectively, while the top losers of Group A include Bank of India and Apollo Tyres with a decrease of 3.47% and 3.46% along with Emami-$ and IRB Infra with a decrease of 3.35% and 2.98% at the close of the markets. The Auto sector is down 72.94 points at 12,304.89, while the banking sector is down 61.56 points at 12,816.63 and the realty sector is up 16.95 at 1,379.79. The Indian currency is down 0.02% at Rs 62.33 per dollar.

Dec 3, 2013

BSE closes points 108.98 up on Dec 2

New Delhi, Dec 2 (ANI): Trading at the Bombay Stock Exchange today closed 108.98 points up to stand at 20,900.91. At the National Stock Exchange the Nifty closed 42.20 points up to stand at 6,218.30. Jaypee Infratech Ltd and Eicher Motors were among the top gainers of Group A with an increase of 7.42% and 7.23% along with Ranbaxy Lab and JSW ENERGY with an increase of 6.00% and 5.58% respectively, while the top losers of Group A include OIL INDIA and Coromandel International Ltd. with a decrease of 4.03% and 3.78% along with Hindustan Zinc and Unitech with a decrease of 1.87% and 1.79% at the close of the markets. The Auto sector is up 70.74 points at 12,392.50, while the banking sector is up 140.67 points at 12,870.97 and the realty sector is up 7.14 at 1,363.06. The Indian currency is up 0.39% at Rs 62.20 per dollar.

Dec 2, 2013

BSE closes points 243.77 up on November 29

New Delhi, Nov 29 (ANI): Trading at the Bombay Stock Exchange today closed 243.77 points up to stand at 20,778.68. At the National Stock Exchange the Nifty closed 84.25 points up to stand at 6,176.10. Jaiprakash Associates and Jaypee Infratech Ltd. were among the top gainers of Group A with an increase of 8.99% and 7.21% along with NMDC Ltd. and Syndicate Bank with an increase of 6.38% and 5.89% respectively, while the top losers of Group A include Prestige Estates and Godrej Consumer Products Ltd. with a decrease of 2.32% and 1.73% along with Nestle India and Max India Ltd. with a decrease of 1.64% and 1.64% at the close of the markets. The Auto sector is up 12.74 points at 12,319.15, while the banking sector is up 293.88 points at 12,749.09 and the realty sector is up 15.86 at 1,351.62. The Indian currency is down 0.19% at Rs 62.53 per dollar.

Nov 29, 2013

BSE closes points 145.83 up on November 28

New Delhi, Nov 28 (ANI): Trading at the Bombay Stock Exchange today closed 145.83 points up to stand at 20,566.09. At the National Stock Exchange the Nifty closed 34.75 points up to stand at 6,091.85. Coromandel International Ltd. and Suzlon Energy Ltd. were among the top gainers of Group A with an increase of 9.02% and 8.76% along with Adani Enterprises Ltd and Dish TV India Ltd. with an increase of 8.65% and 8.33% respectively, while the top losers of Group A include Nestle India and GMR Infrastructure Ltd. with a decrease of 4.24% and 3.55% along with Torrent Power Ltd. and Pipavav Defence and Offshore Engineering Company Ltd. with a decrease of 3.47% and 3.44% at the close of the markets. The Auto sector is up 43.93 points at 12,306.41, while the banking sector is up 12.60 points at 12,455.21 and the realty sector is down 18.44 up at 1,335.76. The Indian currency is down 0.37% at Rs 62.37 per dollar.

Nov 28, 2013

BSE closes points 10.36 down on November 27

New Delhi, November 27 (ANI): Trading at the Bombay Stock Exchange today closed 10.36 points down to stand at 20,414.66. At the National Stock Exchange the Nifty closed 2.00 points down to stand at 6,057.10. TTK Prestige and Motherson Sumi Systems Ltd. were among the top gainers of Group A with an increase of 9.14% and 7.23% along with HDIL and Jaypee Infratech Ltd. with an increase of 5.39% and 4.29% respectively, while the top losers of Group A include Wockhardt and Pipavav Defence And Offshore Eng Ltd. with a decrease of 8.70% and 4.91% along with Indian Hotels and JetAir India with a decrease of 4.52% and 4.37% at the close of the markets. The Auto sector is up 123.39 points at 12,267.74, while the banking sector is down 11.57 points at 12,441.76 and the realty sector is down 10.83 points at 1,316.70. The Indian currency is up 0.46 % at Rs 62.21 per dollar.

Nov 27, 2013