Markets

market-experts-say-rbi-keeping-repo-rate-unchanged-at-8-expected-due-to-inflation

Market Experts say RBI keeping repo rate unchanged at 8% expected due to inflation

New Delhi, Sep 30 (ANI): After Reserve Bank of India Governor Raghuram Rajan left repo rate unchanged at 8 per cent, Market Experts on Tuesday said that the decision was expected due to risk of inflation. Rajan has decided to keep the interest rate unchanged and said that 2016 CPI target of 6% is at risk. Akash Jindal said that RBI seems to be giving importance on reduction of inflation as interest rates are not changed. Market Expert Nirav Vakharia also supported the decision over the aforesaid risk. Rajan on uesday issued his fourth bi-monthly credit policy review. Sep 30, 2014
business-leaders-hail-modis-move-to-bring-fresh-investments

Business leaders hail Modi's move to bring fresh investments

New Delhi/Ahmedabad, Sep 29 (ANI): Business leaders on Monday (September 29) hailed Prime Minister Narendra Modi's move as he met the CEOs of 11 top US companies in a bid to lure fresh foreign investments. Indian business leaders have high expectation from Modi's meeting with tycoons. Secretary General of The Associated Chambers of Commerce and Industry of India (ASSOCHAM), DS Rawat said that Modi is giving clear signal for investment in India. Secretary General, of Federation of Indian Chambers of Commerce and Industries (FICCI) Dr Alwyn Didar Singh said that the move will be a real game changer. President of Gujarat Chambers of Commerce and Industries Rakesh Shah said steps taken by the prime minister will grow industries, ventures and employment in the country which lead to strengthen economy. Sep 30, 2014
bse-closes-points-157-96-up-on-september-26

BSE closes points 157.96 up on September 26

New Delhi, Sept 26 (ANI): Trading at the Bombay Stock Exchange today closed 157.96 points up to stand at 26,626.32. At the National Stock Exchange the Nifty closed 55.75 points up to stand at 7,967.60. INDIABULLS REAL ESTATE LTD and JPPOWER were among the top gainers of Group A with an increase of 10.78% and 9.79% along with ANDHRA BANK and ALLAHABAD BANK with an increase of 7.79% and 7.37% respectively, while the top losers of Group A include SUZLON and CRISIL with a decrease of 4.98% and 4.47% along with PIRAMAL ENTERPRISES LTD. and PETRONET with a decrease of 3.71% and 3.62% at the close of the markets. The Auto sector is up 151.07 points at 17,835.70 while the banking sector is up 334.79 points at 17,859.88 and the reality sector is up 36.13 points at 1,628.49. The Indian currency is up 0.31% at Rs 61.15 per dollar. Sep 26, 2014
bse-closes-points-31-00-down-on-september-25

BSE closes points 31.00 down on September 25

New Delhi, Sept 25 (ANI): Trading at the Bombay Stock Exchange today closed 276.33 points down to stand at 26,468.36. At the National Stock Exchange the Nifty closed 90.55 points down to stand at 7,911.85. AUROPHARMA and INFRATEL were among the top gainers of Group A with an increase of 8.90% and 4.94% along with TCS and BAJAJ HOLDINGS & INVESTMENT LTD with an increase of 3.08% and 2.88% respectively, while the top losers of Group A include JAIPRAKASH ASSOCIATES LTD and JPPOWER with a decrease of 18.52% and 13.92% along with JPINFRATEC & ALLAHABAD BANK with a decrease of 13.02% and 12.30% at the close of the markets. The Auto sector is down 173.15 points at 17,684.63 while the banking sector is down 401.40 points at 17,607.83 and the reality sector is down 52.85 points at 1,592.36. The Indian currency is down 0.32% at Rs 61.15 per dollar. Sep 25, 2014
bse-closes-points-31-00-down-on-september-24

BSE closes points 31.00 down on September 24

New Delhi, Sept 24 (ANI): Trading at the Bombay Stock Exchange today closed 31.00 points down to stand at 26,744.69. At the National Stock Exchange the Nifty closed 15.15 points down to stand at 8,002.40. RPOWER and PEL were among the top gainers of Group A with an increase of 5.34% and 5.19% along with COALINDIA and EMAMILTD with an increase of 5.02% and 4.84% respectively, while the top losers of Group A include GMRINFRA and OFSS with a decrease of 12.84% and 12.77% along with JINDAL STEEL & POWER LTD. and JPINFRATEC with a decrease of 9.99% and 8.71% at the close of the markets. The Auto sector is down 91.23 points at 17,857.78 while the banking sector is down 197.39 points at 18,009.23 and the reality sector is down 28.27 points at 1,645.21. The Indian currency is up 0.01% at Rs 60.94 per dollar. Sep 24, 2014
bse-closes-points-431-05-down-on-september-23

BSE closes points 431.05 down on September 23

New Delhi, Sept 23 (ANI): Trading at the Bombay Stock Exchange today closed 431.05 points down to stand at 26,775.69. At the National Stock Exchange the Nifty closed 128.75 points down to stand at 8,017.55. GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. and MRPL were among the top gainers of Group A with an increase of 1.74% and 1.59% along with LandT FINANCE HOLDINGS LTD. and HCL TECH with an increase of 1.37% and 1.36% respectively, while the top losers of Group A include UNITECH and SUZLON with a decrease of 10.98% and 9.78% along with NATIONALUM and DLF with a decrease of 7.13% and 6.69% at the close of the markets. The Auto sector is down 352.72 points at 17,939.34 while the banking sector is down 321.57 points at 18,210.63 and the reality sector is down 86.45 points at 1,673.48. The Indian currency is up 0.21% at Rs 60.94 per dollar. Sep 23, 2014
us-call-for-greenfield-investments-in-india

US call for greenfield investments in India

New Delhi, Sept 18 (ANI): In a bid to end the blockage of global trade, US top official called for green field investments in India through the 'Select USA' programme that will specifically concentrate on assisting new and expanding existing businesses. Speaking to reporters at CII Headquarters in New Delhi on Thursday Executive Director, Select USA, Vinai Thummalapally, invited competitive investors from India to USA. The director is on a seven-day visit to India and will be travelling across five cities – Delhi, Hyderabad, Coimbatore, Mumbai and Bangalore – to boost trade investment in the US. Counsellor for Commercial Affair John M McCaslin was also present at the "Select USA" press conference organised by the US Department of Commerce. Thummalapally said India's small and medium enterprises will benefit from the programme. Sep 18, 2014
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