Markets

Markets Soar After RBI Cuts Lending Rate by 0.25 Per Cent

Sensex up by 450 points and bank stocks also skyrocket after news of the rate cut.

Jan 15, 2015

BSE closes points 78.91 down on Jan 14

New Delhi, Jan 14 (ANI): Trading at the Bombay Stock Exchange today closed 78.91 points down to stand at 27,381.46. At the National Stock Exchange the Nifty closed 10.95 points down to stand at 8,288.45. Bajaj Finance Limited and DABUR were among the top gainers of Group A with an increase of 7.76% and 7.48% along with NHPC and MARICO with an increase of 6.49% and 6.09% respectively, while the top losers of Group SSLT and HINDALCO with a decrease of 8.29% and 6.24% along with FSL and DCBBANK with a decrease of 5.36% and 4.36% at the close of the markets. The Auto sector is up 81.91 points at 18,914.59 while the banking sector is down 54.04 points at 21,366.59 and the reality sector is down 10.92 points at 1,492.18. The Indian currency is down 0.06% at Rs 62.18 per dollar.

Jan 14, 2015

BSE closes points 159.54 down on Jan 13

New Delhi, Jan 13 (ANI): Trading at the Bombay Stock Exchange today closed 159.54 points down to stand at 27,425.73. At the National Stock Exchange the Nifty closed 23.60 points down to stand at 8,299.40. FINOLEX INDUSTRIES LTD. and EMAMILTD. were among the top gainers of Group A with an increase of 14.95% and 6.63% along with SRF and SKS MICROFINANCE LTD. with an increase of 5.57% and 5.48% respectively, while the top losers of Group UNITECH and PMCFIN with a decrease of 5.29% and 4.97% along with RASOYA PROTEINS LTD. and IRB with a decrease of 4.90% and 4.85% at the close of the markets. The Auto sector is down 14.22 points at 18,832.68 while the banking sector is down 118.14 points at 21,420.63 and the reality sector is down 28.40 points at 1,503.10. The Indian currency is down 0.02% at Rs 62.15 per dollar.

Jan 13, 2015

India Pins Hopes on Budget 2015; Will it be the Harbinger of Growth?

2015 Budget and reforms to revitalise Indian economy. Sensex to reflect GDP expansion more closely.

Jan 13, 2015

BSE closes points 126.89 up on Jan 12

New Delhi, Jan 12 (ANI): Trading at the Bombay Stock Exchange today closed 126.89 points up to stand at 27,585.27. At the National Stock Exchange the Nifty closed 38.50 points up to stand at 8,323.00. ALOK INDUSTRIES LTD and BEML LTD were among the top gainers of Group A with an increase of 12.94% and 9.27% along with TATA ELXSI LTD and BHARAT FORG with an increase of 8.77% and 7.87% respectively, while the top losers of Group VIDEOCON INDUSTRIES LTD and BERGE PAINT with a decrease of 6.07% and 5.38% along with PMCFIN and RASOYPR with a decrease of 4.98% and 4.67% at the close of the markets. The Auto sector is up 11.63 points at 18,846.90 while the banking sector is up 192.53 points at 21,538.77 and the reality sector is down 0.45 points at 1,531.50. The Indian currency is up 0.16% at Rs 62.23 per dollar.

Jan 12, 2015

Coal India Shares Fall 4% on Reports of 10% Stake Sale by Government

The Center is likely to offload 10% of its 89.65% stake in the coal major, in a bid to reach the disinvestment target and to help limit the fiscal deficit to 4.1%

Jan 12, 2015

Box Going Public; Aims to Raise $187 Million in IPO

Box, the popular cloud storage startup, is all set to go public as it just kicked off its Initial Public Offering (IPO) road show announcing the price of its shares and making some amendments to its documents on Friday.

Jan 10, 2015

SC Allows Sahara Group to Raise $1.05 Billion Loan to Secure Bail for Subrata Roy

The apex court allowed the scam-tainted Sahara Group raise $1.05bn in its bid to raise 10,000 crore bail amount, if the central bank approves the move.

Jan 9, 2015

BSE closes points 183.67 up on Jan 9

New Delhi, Jan 9 (ANI): Trading at the Bombay Stock Exchange today closed 183.67 points up to stand at 27,458.38. At the National Stock Exchange the Nifty closed 49.90 points up to stand at 8,284.50. VIDEOCON INDUSTRIES LTD and PIPAVAVDOC were among the top gainers of Group A with an increase of 19.99% and 7.69% along with Edelweiss Financial Services Ltd. and HINDUSTAN UNILEVER LTD with an increase of 5.96% and 5.94% respectively, while the top losers of Group A include PMCFIN and ASHOK LEYLAND LTD with a decrease of 4.98% and 3.85% along with NTPC and DLF with a decrease of 3.31% and 3.26% at the close of the markets. The Auto sector is down 6.34 points at 18,835.27 while the banking sector is down 67.25 points at 21,346.24 and the reality sector is down 21.55 points at 1,531.95. The Indian currency is down 0.40% at Rs 62.42 per dollar.

Jan 9, 2015

After ONGC, Govt to Sell Stakes in GAIL and Oil India Ltd?

The subsidy sharing formula is being reworked to help limit the subsidy burden of the upstream companies.

Jan 9, 2015

Gold Imports Fall to 39 Tonnes in Dec; Exporters Seek Duty Drawbacks in Budget 2015

Post scrapping the 80:20 gold import/export scheme, gold import for December 2014 sharply to 39 tonnes.

Jan 8, 2015

BSE closes points 365.89 up on Jan 8

New Delhi, Jan 8 (ANI): Trading at the Bombay Stock Exchange today closed 365.89 points up to stand at 27,274.71. At the National Stock Exchange the Nifty closed 132.50 points up to stand at 8,234.60. PIPAVAVDOC and BERGE PAINT were among the top gainers of Group A with an increase of 18.07% and 10.90% along with DELTA CORP LTD. and VOLTAS with an increase of 6.87% and 6.54% respectively, while the top losers of Group A include PMCFIN and HATHWAY with a decrease of 4.97% and 2.62% along with RELIGARE and FINOLEX INDUSTRIES LTD with a decrease of 2.56% and 2.15% at the close of the markets. The Auto sector is up 290.48 points at 18,825.01 while the banking sector is up 434.63 points at 21,413.49 and the reality sector is up 40.01 points at 1,553.73. The Indian currency is up 0.89% at Rs 62.61 per dollar.

Jan 8, 2015

Sacked Employees to File Lawsuit against TCS

Sacked employees of TCS, backed by the Forum for IT Employees are contemplating legal recourse in a local court of law.

Jan 8, 2015

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month.

Jan 8, 2015

BSE closes points 78.64 down on Jan 7

New Delhi, Jan 7 (ANI): Trading at the Bombay Stock Exchange today closed 78.64 points down to stand at 26,908.82. At the National Stock Exchange the Nifty closed 25.25 points down to stand at 8,102.10. BEL and JUBILANT LIFE SCIENCES LIMITED were among the top gainers of Group A with an increase of 12.38% and 11.11% along with SUZLON and UBL with an increase of 9.20% and 8.35% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.95% and 4.67% along with IRB and GREAT EASTERN SHIPPING CO.LTD. with a decrease of 4.39% and 4.11% at the close of the markets. The Auto sector is up 0.86 points at 18,546.79 while the banking sector is down 84.32 points at 21,031.53 and the reality sector is down 4.09 points at 1,513.72. The Indian currency is down 0.37% at Rs 63.33 per dollar.

Jan 7, 2015