Benchmarks snapped three-day losing streak and closed in the positive terrain as investors bought stocks available at lower levels. Technology, FMCG and metals led the upmove while rate sensitives like realty, auto and banks were under pressure on rate hike concerns. Bombay Stock Exchange’s Sensex ended at 16853.62, up 122.68 points or 0.73 per cent. [...]
Thursday got trickier than expected. It opened in red, then stayed rangebound for most part of the day and finally closed in red. The 30-share BSE Sensex fell 71 points to close at 17,059. The 50-share NSE Nifty lost 23 points to end at 5,138. For most part, the market was extremly volatile and did [...]
Indian markets fell sharply reacting, in line with other Asian peers, to the downgrade to the US sovereign credit rating by Standard & Poor. The rating agency downgraded by a notch to AA+ from AAA. All the sectoral indices were in the red and the benchmarks slipped to crucial support levels. "The S&P on Friday [...]
A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor’s said on Monday. The agency, which incurred Washington’s wrath at the weekend by cutting its AAA rating by a notch to [...]
The Sensex opened 400 points lower on Friday, joining a slide across global markets triggered by worries over the US economy and the European debt crisis. At 1:18 PM, the Sensex dropped 465 points to 17,231, while the 50-share Nifty index slipped 157 points to 5174. Broader markets too were weak. The BSE mid-cap index [...]
It was a frantic flight to safety. Investors roared into Treasury bonds, cash and other low-risk assets on Thursday, acting on their fears about the weak global economic outlook on a day when stock markets in the US declined more than 4 per cent. Just last week, the markets showed signs of nervousness about the [...]
The markets continued witnessing a rapid sell-off in the noon trades with both the benchmark indices at fresh calendar year lows. The BSE Sensex was at 17,124, down 569 points and the Nifty plunged to 5,149, down 183 points. The Sensex witnessed the worst opening in nearly two years – at 17,350 – down over [...]
Indian markets ended in deep red as investors pressed sales in the afternoon following profit booking in Europe and as spike in food inflation raised concerns that high interest rates are likely to stay longer. India’s food price index rose 8.04 per cent for week ended July 23 against 7.33 per cent a week ago. [...]
Ford India, the local unit of the Michigan-based Ford Motor Co, will set up its second manufacturing facility in the country at Sanand in Gujarat for a total investment of Rs. 4,000 crore as seeks to acquire a larger share of the world’s second-fastest growing automobile market. The project also includes an engine plant. Mint [...]
Indian markets ended sharply lower as higher-than-expected hike in key interest rates by the Reserve Bank of India spooked sentiments. Rate sensitive were beaten down badly on concerns that rising interest rate would impact business adversely. The central bank took the market by surprise by hiking both repo rate and reverse repo rate by 50 [...]
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