Tag: , ,

US stocks close lower as construction data disappoints market (Lead)

US stocks close lower: US stocks ended lower as investors digested weaker-than-expected US construction spending data in December last year and a batch of healthcare stocks extended losses.The Dow Jones Industrial Average on Monday decreased 206.67 points, or 0.79 per cent, to 25,819.65. The S&P 500 decreased 10.88 points, or 0.39 per cent, to 2,792.81,

Sensex rises 570 pts, Nifty above 10,300 as RBI holds policy rates

The market indices on Thursday rallied after the Reserve Bank of India (RBI) kept its repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively.The Sensex rose 571.31 points or 1.73 percent to 33,590.38 and the Nifty gained 185.90 points or 1.84 percent at 10,314.30. Shares on BSE advanced, with all sectoral indices were in the

Sensex closes after biggest intra-day record high in almost 1.5 yrs

The markets during the closing on Monday posted its biggest intra-day gain in approximately 1.5 years, with the Sensex up 610.80 points at 33917.94. Nifty, on the other hand traded up 194.50 points at 10421.40, at the close of day.  Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months.

Profit booking, low volumes subdue key equity indices

Profit booking, low volumes subdue key equity indices

Mumbai, Profit booking along with low volumes subdued the key indices of the Indian equity market during the early morning session on Monday — the first trading day — of 2018.According to market analysts, heavy selling pressure was witnessed in metals, IT and banking stocks.At 9.35 a.m., the 30-scrip S&P BSE Sensex, which had closed

Aadhaar mandatory buy shares, mutual funds

Aadhar to become mandatory to buy shares, mutual funds

Aadhaar mandatory buy shares. Aadhar card soon can be made mandatory to buy shares and mutual fund units. The government and Security & Exchange board of India are planning to link Aadhar card to Financial market transaction. According to them it will help to stop the trading and gaming of black money to white through

Stock market crashes in Pakistan after Nawaz Sharif’s resignation

Stocks crashed in Pakistan in afternoon trade on Friday amid a political turmoil after the country’s Supreme Court disqualified three-time Prime Minister Nawaz Sharif on charges of corruption in the Panamagate case.The KSE100 index of the Karachi Stock Exchange slipped over 700 points, or 1.56 per cent, to 45,190 within minutes of the court verdict.

Spicejet Airlines bagged world top stock position

Spicejet Airlines bagged world top stock position. The country’s leading budget airline SpiceJet stood on the verge of closure two and a half years ago. Today its stock has become the world’s best performing airline stock. SpiceJet’s stock has jumped 124% since January. The company has recently ordered a plane of $ 26 billion (about

IMG-20170518-WA0013

Rupee takes more losses, sheds 27 paise against dollar

Fresh capital flight cast its shadow on the rupee as the local unit lost 27 paise at 64.42 against the US dollar in the beginning, with additional support showing up in the form of demand from importers and banks.This is the third straight slide, which dealers say is mostly due to incoming demand for the

rupee turn down

Rupee turns weaker against dollar, down 6 paise

The rupee saw a marginal drop of 6 paise to 64.11 against the US dollar in opening session today in the midst of fresh demand for the American unit.However, what limited the rupee’s fall was the US dollar sliding in the global market and a spectacular opening in domestic equities, traders said.Yesterday, re-asserting its dominance

IMG-20170515-WA0011

Rupee gets macro data lift, up 23 paise at 64.08

Marking the third day of advance, the rupee started the week on a strong note by rallying 23 paise to 64.08 against the US dollar in early session today, fuelled by positive economic data.Retail inflation fell sharply to 2.99 per cent in April from 3.90 per cent in March while inflation based on the wholesale

IMG-20170512-WA0026

Sensex, Nifty up by 49, 15 points respectively

Markets continued to ride the wave of gains early on Friday with the BSE Sensex rising by about 49 points and the Nifty by over 15 points, driven by sustained rally in IT, tech, auto and metal sector stocks amid sustained foreign fund inflows.Besides, optimistic buying by investors ahead of macroeconomic data — industrial production

IMG-20170510-WA0020

IMD’s rain forecast boosts sentiments, Sensex, Nifty touch record intra-day highs

With the IMD’s prediction of 100 per cent rainfall giving a boost to investors’ sentiments, the Indian equity markets zoomed higher during the mid-afternoon trade session on Wednesday.The benchmark indices touched record intra-day high levels, as positive global cues and healthy buying in automobile, capital goods and FMCG stocks, too, supported the upward trajectory. The

IMG-20170510-WA0005

Markets open on a higher note on Wednesday

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a higher note during the morning session of the trade. The Sensex of the BSE after opening at 29,988.78 points, touched a high of 30,063.96 points and a low of 29,987.44 points.On Tuesday the Sensex closed at 29,933.25 points. The Sensex is trading at 30,065.47 points

IMG-20170508-WA0015

Positive global cues lift Indian equities

Positive global cues, a strong rupee and healthy buying in banking, automobile and consumer durables stocks lifted the Indian equity markets during the mid-afternoon trade session on Monday. The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 25.35 points or 0.27 per cent to 9,310.65 points.The barometer 30-scrip Sensitive Index (Sensex) of