Markets

Apple business booms after floods in Kashmir

Poonch, Oct 29 (ANI): The recent floods in Kashmir proved to be a boon for the apple business as the state witnesses a record sale of apples this season. The worst flooding in over a century had hampered the trade of Kashmiri apple, which is popular worldwide for its taste and juice. But now with ample production of good quality apples, there is a boom in the sale of the fruit. An apple trader, Mohammad Amin, said that in comparison to previous years, the sale of apples this year has increased.

Oct 29, 2014

BSE closes points 98.15 down on Oct 27

New Delhi, Oct 27 (ANI): Trading at the Bombay Stock Exchange today closed 98.15 points down to stand at 26,752.90. At the National Stock Exchange the Nifty closed 22.85 points down to stand at 7,991.70. KAILASH and RAJESH EXPO were among the top gainers of Group A with an increase of 10.41% and 7.18% along with PEL and BHEL with an increase of 5.90% and 5.10% respectively, while the top losers of Group A include JUSTDIAL and JINDAL STEEL with a decrease of 10.35% and 8.32% along with DLF and DEN with a decrease of 8.09% and 5.50% at the close of the markets. The Auto sector is down 125.74 points at 17,899.82 while the banking sector is up 91.37 points at 18,948.89 and the reality sector is down 56.40 points at 1,432.29. The Indian currency is up 0.09% at Rs 61.33 per dollar.

Oct 27, 2014

Sixth Straight Day of Positive Rally on Indian Stock Markets

A key Indian equities index started on a positive note Monday, opening nearly 110 points.

Oct 27, 2014

Sliding Gold Braces for More Jitters as Fed Meets

The Fed's two-day meeting, which begins on Tuesday, will also be watched for clues on whether any slowdown in Europe or elsewhere could affect the central bank's monetary policy.

Oct 27, 2014

Gold Slips, Poised for Weekly Loss on Strong US Data, Dollar

Bullion's dip comes despite a tumble in US stock futures and gains in other safe-havens such as bonds.

Oct 24, 2014

BSE closes points 211.58 up on Oct 22

New Delhi, Oct 22 (ANI): Trading at the Bombay Stock Exchange today closed 211.58 points up to stand at 26,787.23. At the National Stock Exchange the Nifty closed 68.15 points up to stand at 7,995.90. PMCFIN and JINDALSTEEL were among the top gainers of Group A with an increase of 16.82% and 10.17% along with DHFL and NATCO PHARMA LTD. with an increase of 9.05% and 8.83% respectively, while the top losers of Group A include KAILASH and HAVELLS with a decrease of 12.39% and 3.43% along with PTC and NCC with a decrease of 2.32% and 2.21% at the close of the markets. The Auto sector is up 519.45 points at 18,020.89 while the banking sector is up 35.31 points at 18,822.74 and the reality sector is up 6.04 points at 1,486.08. The Indian currency is down 0.11% at Rs 61.24 per dollar.

Oct 22, 2014

BSE closes points 145.80 up on Oct 21

New Delhi, Oct 21 (ANI): Trading at the Bombay Stock Exchange today closed 145.80 points up to stand at 26,575.65. At the National Stock Exchange the Nifty closed 48.35 points up to stand at 7,879.40. BEML and JINDALSTEEL were among the top gainers of Group A with an increase of 17.03% and 7.46% along with EDELWEISS and PIIND with an increase of 7.19% and 7.08% respectively, while the top losers of Group A include SUZLON and EXIDE INDUSTRIES LTD. with a decrease of 4.97% and 4.57% along with SOUTHBANK and GUJRATGAS with a decrease of 3.79% and 3.34% at the close of the markets. The Auto sector is up 113.23 points at 17,501.44 while the banking sector is up 223.04 points at 18,787.43 and the reality sector is up 37.88 points at 1,480.04. The Indian currency is down 0.05% at Rs 61.33 per dollar.

Oct 21, 2014

BSE closes points 321.32 up on Oct 20

New Delhi, Oct 20 (ANI): Trading at the Bombay Stock Exchange today closed 321.32 points up to stand at 26,429.85. At the National Stock Exchange the Nifty closed 99.70 points up to stand at 7,879.40. TORRENT POWER LTD. and SKS MICROFINANCE LTD. were among the top gainers of Group A with an increase of 12.60% and 8.88% along with HINDUSTAN PETROLEUM CORPORATION LTD. and TVS MOTOR COMPANY LTD. with an increase of 7.28% and 6.55% respectively, while the top losers of Group A include DEN and JINDAL STEEL and POWER LTD. with a decrease of 8.81% and 8.58% along with KAILASH and GVK POWER and INFRASTRUCTURE LTD. with a decrease of 8.32% and 5.62% at the close of the markets. The Auto sector is up 369.44 points at 17,388.21 while the banking sector is up 324.17 points at 18,564.39 and the reality sector is up 12.52 points at 1,442.16. The Indian currency is down 0.29% at Rs 61.26 per dollar.

Oct 20, 2014

Sensex Surges Over 400 Points; Auto Stocks Gain

All sectors were trading in green and the rally was led by banking.

Oct 20, 2014

TCS, HCL Shares Dive As Profits Fall Below Expectations

Tata Consultancy Services (TCS) is set to see its biggest single day fall since May 2009

Oct 17, 2014

BSE closes points 349.99 down on Oct 16

New Delhi, Oct 16 (ANI): Trading at the Bombay Stock Exchange today closed 349.99 points down to stand at 25,999.34. At the National Stock Exchange the Nifty closed 115.80 points down to stand at 7,748.20. DLF and Cyient Limited were among the top gainers of Group A with an increase of 5.15% and 4.14% along with CEAT LTD. and EMAMI LTD. with an increase of 3.61% and 3.12% respectively, while the top losers of Group A include STAR and GSFC with a decrease of 18.41% and 10.72% along with UBL and CROMPTON GREAVES LTD. with a decrease of 9.44% and 8.18% at the close of the markets. The Auto sector is down 359.91 points at 16,900.95 while the banking sector is down 223.85 points at 17,802.75 and the reality sector is down 3.19 points at 1,416.04. The Indian currency is up 0.72% at Rs 61.85 per dollar.

Oct 16, 2014

Sensex Tanks 350 Points; Consumer Durable, Automobile Stocks Plunge

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed in red.

Oct 16, 2014

Oil Prices Slump to Four-Year-Low Below $83 a Barrel

Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.

Oct 16, 2014

BSE closes points 34.74 down on Oct 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 34.74 points down to stand at 26,349.33. At the National Stock Exchange the Nifty closed 20.25 points down to stand at 7,864.00. DEN and ATUL were among the top gainers of Group A with an increase of 20.00% and 5.10% along with BF UTILITIES LTD. and LIC HOUSING FINANCE LTD. with an increase of 4.60% and 4.46% respectively, while the top losers of Group A include DLF and HCC with a decrease of 28.46% and 6.48% along with SUNTV and KAILASH with a decrease of 5.73% and 5.27% at the close of the markets. The Auto sector is down 74.02 points at 17,260.86 while the banking sector is up 93.75 points at 18,026.60 and the reality sector is down 144.43 points at 1,419.23. The Indian currency is up 0.48% at Rs 61.39 per dollar.

Oct 14, 2014

Flourishing apple trade in Shimla town boosts business

Shimla, Oct 14 (ANI): Apple business is booming in northern hill town and famed tourist destination Shimla, registering an annual growth from 35 billion to 45 billion rupees, proving a boon for the economy. Apple farming, which is the biggest business of the state, is not only giving good business to its farmers and traders, but the state government is also launching different schemes and initiatives to help grow the trade. Different varieties of the fruit are being sold out in large quantities at the local markets in Narkanda, Shimla, Dhali, Solan and Parwanoo during the onset of winter. On an average, the farmers get 1,000 rupees for a box containing 20-25 kg of apple. But this year, farmers are getting between 1,000 to 2,200 rupees for the same box. Vice-chairman, Himachal Pradesh, Agricultural Produce Market Committee (APMC), Mohinder Satan, said that with each year passing, more are more farmers and traders are joining this business considering its profit. Besides, the government is also giving 80 percent subsidy to the apple farmers.

Oct 14, 2014