Markets

Indian stock brokers watch the key Sensex share index graph in a brokerage firm in Mumbai May 13, 2004.

BSE Sensex: Trading Kicks off on Lower Note, Monthly Derivatives Set to Expire Today

The sensex at Bombay Stock Exchange started the day on a slightly lower note as the monthly derivatives are set to expire today. The sensex took off at 24,490.33 points at 9.00 am.

May 29, 2014

BSE closes points 6.58 up on May 28

New Delhi, May 28 (ANI): Trading at the Bombay Stock Exchange today closed 6.58 points up to stand at 24,556.09. At the National Stock Exchange the Nifty closed 17.70 points up to stand at 7,335.70. Power Finance and Gujarat Mineral Development Corporation Ltd. were among the top gainers of Group A with an increase of 8.18% and 7.39% along with South Indian Bank and Muthoot Finance Ltd. with an increase of 7.37% and 6.93% respectively, while the top losers of Group A include Jet Air India and SAIL with a decrease of 8.61% and 4.59% along with HPCL and Engineers India with a decrease of 4.56% and 4.39% at the close of the markets. The Auto sector is down 93.75 points at 14,507.39 while the banking sector is up 97.27 points at 17,383.42 and the realty sector is up 25.98 points at 1,882.96. The Indian currency is up 0.30% at Rs 58.86 per dollar.

May 28, 2014

BSE Sensex falls from record high on profit booking

Mumbai, May 27 (ANI): Market on Tuesday opened in a negative territory, a day after Narendra Modi and his cabinet ministers took oath to form the new government. The BSE Sensex retreated from record high by losing over 160 points in early trade as cautious investors booked profits. Market Expert Sunil Shah said that this is an understandable trend as market is taking a pause. Further, he said that IT sector is doing well as against the previous times.

May 27, 2014

BSE closes points 23.53 up on May 26

New Delhi, May 26 (ANI): Trading at the Bombay Stock Exchange today closed 23.53 points up to stand at 24,716.88. At the National Stock Exchange the Nifty closed 8.05 points down to stand at 7,359.05. Mahindra & Mahindra and Shree Cement were among the top gainers of Group A with an increase of 7.94% and 6.38% along with SAIL and SSLT with an increase of 5.26% and 4.69% respectively, while the top losers of Group A include Gitanjali Gems and HDIL with a decrease of 10.00% and 9.85% along with National Aluminium Co.Ltd. and Mahindra & Mahindra Financial Services Ltd. with a decrease of 9.32% and 8.58% at the close of the markets. The Auto sector is up 295.08 points at 14,875.82 while the banking sector is down 130.02 points at 17,393.11 and the realty sector is down 103.16 points at 1,873.80. The Indian currency is down 0.49% at Rs 58.81 per dollar.

May 26, 2014

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RBI Eases Tough Gold Import Rules, Allows Private Agencies to Import

The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season.

May 22, 2014

Jewellery Firms Surge after RBI Eases Gold Import Norms

Shares in Titan Co Ltd(TITN.NS) surged on Thursday after the Reserve Bank of India (RBI) eased gold import rules by allowing seven more private agencies to ship the precious metal. The stock was trading up 10.2 percent as of 9:25 a.m.

May 22, 2014

Gold Demand to Rise in India as Curbs on Bullion Exports Likely to Ease

India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tuesday.

May 21, 2014

BSE closes points 13.83 up on May 20

New Delhi, May 20 (ANI): Trading at the Bombay Stock Exchange today closed 13.83 points up to stand at 24,376.88. At the National Stock Exchange the Nifty closed 11.95 points up to stand at 7,275.50. Gitanjali Gems and Unitech were among the top gainers of Group A with an increase of 19.97% and 14.85% along with MMTC and Suzlon Energy with an increase of 11.27% and 10.71% respectively, while the top losers of Group A include JPPOWER and Coal India with a decrease of 7.71% and 5.89% along with Power Finance and ONGC with a decrease of 4.78% and 3.96% at the close of the markets. The Auto sector is up 3.72 points at 14,250.49 while the banking sector is down 133.82 points at 17,304.26 and the realty sector is up 84.21 points at 1,800.68. The Indian currency is down 0.14% at Rs 58.67 per dollar.

May 20, 2014

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Gold Demand in India and China Falls in Q1, Says World Gold Council

Gold demand in major consumers China and India fell in the first quarter from the previous year's record levels, the World Gold Council said on Tuesday, though a drop in sales from bullion-backed investment funds kept overall demand steady.

May 20, 2014

Stocks soar on continued optimism after Modi win

Mumbai/ New Delhi, May 19 (ANI): Bombay Stock Exchange and Nifty were trading higher on Monday as optimism continued after Narendra Modi-led BJP won a majority in the country's elections. Although both indexes are well below the record highs hit on Friday, when the Nifty gained as much as 1.2 percent before pulling back, brokers continue to raise their targets for the year. Overseas investors bought Indian shares of worth 36.34 billion rupees ($615.6 million) on Friday, marking their biggest single-day purchase since March, provisional exchange data shows. In financial capital Mumbai, stock market expert Sunil Shah said the upcoming new government was fuelling the stock value to new highs.

May 19, 2014

BSE closes points 193.74 up on May 19

New Delhi, May 19 (ANI): Trading at the Bombay Stock Exchange today closed 193.74 points up to stand at 24,315.48. At the National Stock Exchange the Nifty closed 50.80 points up to stand at 7,253.05. JP POWER and MMTC were among the top gainers of Group A with an increase of 31.45% and 19.97% along with Suzlon Energy and JP INFRATEC with an increase of 19.95% and 19.90% respectively, while the top losers of Group A include Wockhardt and IPCA Lab with a decrease of 7.72% and 6.75% along with TCS and Dr Reddys Lab with a decrease of 6.38% and 5.77% at the close of the markets. The Auto sector is up 5.38 points at 14,236.00 while the banking sector is up 443.72 points at 17,438.08 and the realty sector is up 110.90 points at 1,716.47. The Indian currency is down 0.34% at Rs 58.59 per dollar.

May 19, 2014

Gold Slips on Economic Optimism; Platinum Adds to Gains

Gold extended losses to a third straight session on Monday as U.S. data pointed to strong economic growth, while platinum group metals continued to add to gains on supply worries from South African labour strikes.

May 19, 2014

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BSE closes points 216.14 up on May 16

New Delhi, May 16 (ANI): Trading at the Bombay Stock Exchange today closed 216.14 points up to stand at 24,102.52. At the National Stock Exchange the Nifty closed 79.85 points up to stand at 7,198.05. Indiabulls Real Estate and Sobha Dev were among the top gainers of Group A with an increase of 19.00% and 11.99% along with Punjab National Bank and Reliance Capital with an increase of 11.77% and 11.05% respectively, while the top losers of Group A include Financial Technology and Tata Steel with a decrease of 5.00% and 4.68% along with Dabur India and Cadila Health with a decrease of 3.83% and 3.64% at the close of the markets. The Auto sector is up 124.26 points at 14,230.62 while the banking sector is up 714.62 points at 16,994.36 and the realty sector is up 90.41 points at 1,605.57. The Indian currency is down 0.31% at Rs 58.98 per dollar.

May 16, 2014

Sensex crosses 25,000-mark, up 4.64% in early trade

Mumbai, May 16 (ANI): The BSE Sensex on Friday touched a life high of 25,033.36 in trade while the Nifty hit a new record high of 7,459.40, as early vote counts in the general elections showed the BJP led NDA leading. The partially convertible rupee was trading at 58.80 per dollar by 9:39am after hitting as much as 58.71. With billions of dollars at stake the outcome of the high-octane elections are critical to decide on investment decisions.

May 16, 2014

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BSE closes points 56.11 down on May 14

New Delhi, May 14 (ANI): Trading at the Bombay Stock Exchange today closed 56.11 points down to stand at 23,815.12. At the National Stock Exchange the Nifty closed 1.60 points down to stand at7,108.75. Indian Bank and Canara Bank were among the top gainers of Group A with an increase of 11.73% and 11.05% along with TV18 Broadcast and Central Bank with an increase of 10.68% and 10.37% respectively, while the top losers of Group A include Bajaj Finance Limited and Future Retail with a decrease of 4.35% and 3.85% along with Mahindra & Mahindra and Dr Reddys Lab with a decrease of 3.51% and 3.17% at the close of the markets. The Auto sector is down 3.60 points at 14,172.20 while the banking sector is up 49.94 points at 16,256.42 and the realty sector is up 63.44 points at 1,532.10. The Indian currency is up 0.00% at Rs 59.68 per dollar.

May 14, 2014