Markets

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it.

Dec 22, 2014

China Investigating Stock Market Manipulation

China's top authorities are reportedly investigating a possible price manipulation in the stock market.

Dec 22, 2014

GoAir's 1.7 million seats up for grabs; fares start at ₹1,469

Mumbai-based budget airline, GoAir upped its ante, seeks volumes for January to March 'lean' quarter

Dec 22, 2014

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

The Central government is all set to divest 5% of its holdings in the oil and petroleum explorer, ONGC, helping raise ₹14,900 crore.

Dec 22, 2014

Market Expert welcomes step as SEBI bars 260 entities for money laundering & tax evasion

New Delhi, Dec 20 (ANI): Market Expert Sunil Shah on Saturday welcomed the step as The Securities and Exchange Board of India (SEBI) banned 260 entities, including two companies, their promoters, brokers and a clutch of investors, from accessing the securities markets. The SEBI has accused them of misusing the stock exchanges to generate long-term capital gains of around Rs 485 crore, thus converting unaccounted cash into legitimate money. While SEBI would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part. Shah said that this will make Indian market more transparent and trust worthy.

Dec 20, 2014

BSE closes points 245.27 up on Dec 19

New Delhi, Dec 19 (ANI): Trading at the Bombay Stock Exchange today closed 245.27 points up to stand at 27,371.84. At the National Stock Exchange the Nifty closed 65.90 points up to stand at 8,225.20. NCC and GUJARAT GAS CO.LTD.were among the top gainers of Group A with an increase of 10.60% and 10.54% along with JSW ENERGY and ATUL with an increase of 9.55% and 8.62% respectively, while the top losers of Group A include Vakrangee Ltd. and IIFL with a decrease 19.14% and 8.45% along with POLARIS and TORNT POWER with a decrease of 6.77% and 6.70% at the close of the markets. The Auto sector is down 23.33 points at 18,366.56 while the banking sector is down 159.61 points at 21,146.99 and the reality sector is down 11.86 points at 1,498.95. The Indian currency is down 0.11% at Rs 63.18 per dollar.

Dec 19, 2014

BSE closes points 416.44 up on Dec 18

New Delhi, Dec 18 (ANI): Trading at the Bombay Stock Exchange today closed 416.44 points up to stand at 27,126.57. At the National Stock Exchange the Nifty closed 129.50 points up to stand at 8,159.30. POLARIS and DCB BANK were among the top gainers of Group A with an increase of 15.87 % and 15.27% along with TORNT POWER and PAGE INDUSTRIES LTD. with an increase of 12.11% and 11.12% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease 9.09% and 4.52% along with HATHWAY and GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. with a decrease of 3.81% and 3.55% at the close of the markets. The Auto sector is up 398.67 points at 18,416.80 while the banking sector is up 509.33 points at 20,987.38 and the reality sector is up 36.40 points at 1,510.81.The Indian currency is up 0.17% at Rs 63.17 per dollar.

Dec 18, 2014

Why US Federal Reserve Won't Raise Interest Rates Anytime Soon

The US economy has been mapping a steady growth over the past 11 months.

Dec 18, 2014

BSE closes points 94.60 down on Dec 17

New Delhi, Dec 17 (ANI): Trading at the Bombay Stock Exchange today closed 94.60 points down to stand at 26,686.84. At the National Stock Exchange the Nifty closed 44.90 points down to stand at 8,022.70. ABAN and GREAT EASTERN SHIPPING CO.LTD. were among the top gainers of Group A with an increase of 6.07% and 6.01% along with RURAL ELECTRIFICATION CORPORATION LTD. and TORRENT POWER LTD. with an increase of 5.41% and 4.69% respectively, while the top losers of Group A include WOCKHARDT LTD. and PMCFIN with a decrease 10.45% and 10.00% along with BF UTILITIES LTD. and POLARIS with a decrease of 9.66% and 8.02% at the close of the markets. The Auto sector is down 304.97 points at 17,999.93 while the banking sector is up 42.17 points at 20,478.05 and the reality sector is down 23.17 points at 1,475.07. The Indian currency is up 0.16% at Rs 63.63 per dollar.

Dec 17, 2014

BSE closes points 538.12 down on Dec 16

New Delhi, Dec 16 (ANI): Trading at the Bombay Stock Exchange today closed 538.12 points down to stand at 26,781.44. At the National Stock Exchange the Nifty closed 152.00 points down to stand at 8,067.60. JET AIRWAYS and HCL TECH were among the top gainers of Group A with an increase of 7.20% and 4.58% along with TCS and CMC with an increase of 3.40% and 2.48% respectively, while the top losers of Group A include PMCFIN and UNITECH with a decrease 19.05% and 10.75% along with JAIN IRRIGATION SYSTEMS LTD and PIPAVAVDOC with a decrease of 9.96% and 9.08% at the close of the markets. The Auto sector is down 299.08 points at 18,304.90 while the banking sector is down 612.41 points at 20,435.88 and the reality sector is down 59.19 points at 1,498.24. The Indian currency is down 0.87% at Rs 63.49 per dollar.

Dec 16, 2014