Markets

Markets offer bullish welcome to FY20; Sensex sets record high of 39,028 points

Global cues, FII fund inflows and the prospect of Prime Minister Modi's strong general election showing create 'buy on dips' market.

Apr 1, 2019

Sensex touches record high of 39,000, Nifty above 11,700; metal stocks surge

Sensex was up 347.48 points or 0.90 percent at 39020.39, and the Nifty up 88.80 points or 0.76 percent at 11712.70.

Apr 1, 2019

Sensex tanks 355 points on global growth concerns

Except for oil and gas and power sector stocks all the sectors on both BSE and NSE ended in the red led by finance and banking stocks.

Mar 25, 2019

Rupee makes a turnaround amid optimism over PM Modi's re-election, becomes Asia's best-performing currency

A sudden surge in the inflow of dollars has sent the rupee to its highest level since August, prompting profit booking that led to the currency witnessing a drop on Tuesday after six trading sessions of continuous gains.

Mar 20, 2019

Antitrust officials raid traders including Glencore over 'pulses price fixing'

India had allowed duty-free import of pulses, including chickpeas and black lentils, after two years of drought pushed the prices up in 2015.

Mar 17, 2019

Mindtree mulls share buyback programme to fend off L&T's hostile takeover bid

IT services company may spend Rs 1,000 crore to acquire shares while one of the largest shareholders Sidhartha is talking to firms including L&T to offload shares.

Mar 16, 2019

Bombay Stock Exchange building BSE dalal street

Markets cap robust week with major gains; Sensex, Nifty close above key levels

Improving trader sentiments buoy markets as domestic cues align with positive global outlook; broad sectoral gains indicate a continued rally.

Mar 15, 2019

Shock defaults push $108-billion bond market to chaos reminiscent of 2009 crash

Sales of rupee-designated corporate bonds plunge to pre-2016 levels as effects of IL&FS crisis sink in amid rising election uncertainties driving up the spreads of top-rated 10-year corporate paper to highest levels since the global financial meltdown.

Mar 15, 2019

Can India snap $84 billion economic ties with China over Masood Azhar issue at UN?

#BoycottchineseProducts has been trending on social media following China's attempt to oppose India. Tweets tagging PM Modi also called for an immediate ban on Chinese imports.

Mar 14, 2019

Banking stocks continue rally; HDFC Bank hits 52-week high

Yes Bank leads the banking bulls after global investment firm Deutsche Bank revised its price target for the stock upwards to 300 from 280 earlier; RIL hits a 52-week high.

Mar 14, 2019

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Boeing 737 MAX trouble hits airline shares; traders brace for more turbulence

Shares of SpiceJet and Jet Airways nosedive defying the bulls at play while IndiGo soar on prospects of higher price realisation in the spot market.

Mar 13, 2019

Bulls return to D-Street, climbing 1,000 points in March amid gaining traction

Experts expect long rally on the back of optimism over Narendra Modi's brightening prospects of return to power and avid buying by foreign institutional investors

Mar 12, 2019

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Global brokerage firms turn bullish on Indian markets despite it being an election year

Last year, India ended as the best-performing Asian market and the best-performing major global market after Brazil.

Mar 11, 2019

Boeing shares fall after second deadly 737 MAX 8 crash

Shares of Boeing Co slid 9 percent in early trading on Monday as many airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.