Markets snap 4-day losing streak; probe weighs
MUMBAI : Indian shares rose for the first time in five sessions and gained 1.4 percent on Monday, tracking world equities, while traders opted for large-cap bets as some of the companies under federal investigation in the bribes-for-loan scandal fell. Eight executives from the public and private financial institutions were arrested by the Central Bureau of Investigation last week in the scandal, o..
Nifty bounces back; tech, banks move higher
MUMBAI : Benchmarks staged a smart recovery as investors took positions at lower levels. Broader markets which fell sharply on account of margins pressure were also off intraday lows. At 1 pm; National Stock Exchange’s Nifty was at 5816.65, up 16.90 points or 0.29 per cent. The broader index touched intraday low of 5690.35 and high of 5838.50. Bombay Stock Exchange’s Sensex was at 1934..
Markets seen down for week 2; SKS rebounds
MUMBAI : Indian shares were likely to fall for second straight week as they traded 0.9 percent lower on Friday, with mixed Asian peers weighing on sentiment. Leading banks led the decline, while SKS Microfinance bounced back after a steep fall in the previous session. Foreign portfolio investment in Indian equities has been subdued over last few sessions, displaying a cautious stance alongside glo..
Financials, telcos plunge in choppy market
MUMBAI : Indian shares recouped some of their losses and were trading up 0.3 after dropping more than 1 percent on Thursday, with top lenders State Bank of India and ICICI Bank falling on worries of bad loans piling up. Shares in SKS Microfinance dropped 20 percent after the country's leading lender to tiny businesses warned that a collections ordinance enacted last month in Andhra Pradesh state, ..
Indian markets shut on Wednesday for holiday
MUMBAI: Indian stock, bond, foreign exchange and commodities markets will be closed on Wednesday for a public holiday. The BSE Sensex closed down 2.19 per cent at 19,865.14 points on Tuesday. The partially convertible rupee ended at 45.31/32 per dollar, from 45.2250/2350 at close on Monday. The benchmark 10-year bond yield ended steady at 8.07 per cent. ..
Indian markets shut on Wednesday for holiday
MUMBAI: Indian stock, bond, foreign exchange and commodities markets will be closed on Wednesday for a public holiday. The BSE Sensex closed down 2.19 per cent at 19,865.14 points on Tuesday. The partially convertible rupee ended at 45.31/32 per dollar, from 45.2250/2350 at close on Monday. The benchmark 10-year bond yield ended steady at 8.07 per cent. ..
Nifty slips to 6100; Sterlite, L&T, Tata Power down
MUMBAI : Benchmarks were witnessing a choppy session with negative bias due to lack of supportive cues from global peers. Capital goods and IT stocks were the top under-performers while pharma and realty stocks showed some strength. “Start is likely to be subdued as Asian markets are flat to negative, with China pacing the decline. South Korea’s central bank has hiked its benchm..
Nifty turns choppy; Tata Steel, Wipro, Bharti up
MUMBAI : Equities were moving in a narrow range due to lack of cues from global peers. Profit booking was seen in realty, capital goods and oil&gas space while IT, banks and pharmaceutical stocks moved higher. ..
Commodity-linked stocks new avenue for investors to profit
MUMBAI : For retail investors wanting to be part of the commodity bull run , playing in commodity-linked stocks could be one way of riding the boom in the absence of a well-developed , efficient spot market. ..
Indian shares seesaw; DLF down, Ranbaxy near 6-year high
MUMBAI: Indian shares see-sawed on Thursday, with quarterly earnings dictating stock-specific movements, while the downside seemed to be limited on continued foreign fund inflows. ..
