Markets

Oil plunges 25% after Saudi Arabia slashes prices, says will open taps

Oil prices plunged around 25%, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.

Mar 9, 2020

Aramco trades below IPO price for first time, after OPEC pact unravels

Shares of Saudi state oil company Aramco 2222.SE fell below their initial public offering (IPO) price on Sunday, March 8 for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.

Mar 8, 2020

Huge volatility on Dalal Street as coronavirus reaches India

Last day at the Dalal street witnessed huge volatility in benchmark indices as cases of Coronavirus confirmed across three cities in India.

Mar 3, 2020

Coronavirus fear tanks Sensex over 1,100 points, Nifty 335; set for worst week in 4 years

As the coronavirus outbreak fear plummeted the global markets Sensex also dropped 1,083.85 points to 38,661.81 on Friday, Feb 28. Nifty also tanked 312 pts to 11,321.30.

Feb 28, 2020

Panic at Dalaal Street as FATF puts Mauritius on 'grey list'

Market regulator SEBI has issued a clarification on the issue that the FPIs investing through the country will be eligible but with increased scrutiny

Feb 25, 2020

Relief to government contractors as coronavirus covered under 'Force Majeure Clause': What it means?

The Ministry of Finance invoked the Force Majeure Clause for coronavirus outbreak as it impacts trades in India. Here's what it means for companies.

Feb 20, 2020

Here's what market is expecting from the Union Budget 2020

The Union Budget for the fiscal year 2020-21 will be presented by finance minister Sitharaman tomorrow at 11 am.

Jan 31, 2020

Coronavirus updates: Indian shares fall as China virus spreads, metals stocks slide

India's NSE Nifty 50 index was down 0.44% at 12,194.00 by 0420 GMT, while the S&P BSE Sensex was 0.43 lower at 41,32.75.

Jan 27, 2020

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Sensex, Nifty tumble as SC dismisses Airtel, Vodafone pleas on payment dues

The SC dismissed petitions by wireless carriers, including Bharti Airtel and Vodafone Idea, seeking a review of its order late last year that they must pay the bulk of nearly $13 billion in dues.

Jan 17, 2020

Budget 2020: Centre may impose customs duty hike on more than 300 items

Besides giving relief to the domestic industry and boosting employment, the move is expected to keep imports down and help to raise revenue.

Jan 17, 2020

Sensex tops 42,000 for the first time, Nifty at record high

Sensex, on Thursday, crossed the 42,000-mark for the first time rising 134.58 points in the opening trade.

Jan 16, 2020

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Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53).

Jan 12, 2020

Gold goes ballistic amid rising war fears as Iran missiles hit US bases in Iraq

Yellow metal prices have soared Rs 2,000 per 10 grams in four days, fuelled by a war of words between President Trump and Teheran.

Jan 8, 2020

Market today: Sensex up by 460 points, Nifty over 12,000 mark as oil cools marginally

The price of oil surged in the last two trading sessions after a drone strike by the US in Baghdad killed top Iranian military commander Qassem Soleimani.

Jan 7, 2020

Sensex falls 530 points amid escalating US-Iran tensions; Nifty below 12,082

Markets worldwide came under pressure from a major escalation in tensions between Iran and the United States.

Jan 6, 2020

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