Markets

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

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Gold Edges up on Ukraine; Platinum, Palladium hold Gains

Platinum and palladium on Wednesday retained sharp gains made overnight on worries that increasing labour tensions in major producer South Africa could hurt supply, while gold edged up on escalating violence in Ukraine.

May 14, 2014

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

BSE Sensex Hits Life High above 24,000 after Exit Polls

The BSE Sensex rose on Tuesday to a third consecutive record high, surpassing the key psychological level of 24,000 points as stocks tied to the domestic economy surged after exit polls showed the Bharatiya Janata Party (BJP) and its allies winning a majority in the elections.

May 13, 2014

Dow Ends at Record high; Apple Drags on S&P 500, Nasdaq

The Dow ended at a record high on Friday, boosted by IBM, while a rebound in high-growth momentum names helped the broader market.

May 10, 2014

Sensex Hits Record High Above 23,000; Surges 650 Points

The BSE Sensex and Nifty hit a record high on Friday, posting their biggest daily gains since September on hopes the opposition Bharatiya Janata Party would win a majority in elections ending next week, sending blue-chips such as ICICI Bank sharply higher.

May 10, 2014

Samsung Galaxy S5 Listed at Indian Online Store for ₹45,500 ($735): Report

Though Samsung will release their new flagship smartphone Galaxy S5 only next month (April), an Indian online retailer has listed the new device, apparently revealing the price.

Mar 4, 2014