The benchmark BSE Sensex extended gains for the second consecutive day on Monday, by surging about 131.52 points on sustained buying by DIIs despite disappointing macro-economic data and uninterrupted foreign fund outflows. The NSE Nifty50 ended 40 points higher at 10,512.50, with 25 stocks advancing and 25 declining. The Index rise was led by gains […]
Domestic shares advanced higher on Wednesday following gains in auto, metals and banking stocks. The BSE Sensex closed 461.42 points higher at 34,760.89, while the NSE Nifty ended 159.05 points up at 10,460.10. Banking stocks gave the much needed impetus to the overall market. Sectoral indices, led by capital goods, O&G, auto, metal and healthcare, […]
Key benchmark indices closed Tuesday’s trade in the negative territory tracking weakness in the domestic currency, together with rising crude prices and weak Asian markets. The BSE Sensex fell 175 points to 34,299 and the NSE Nifty50 Index declined 47 points to 10,301. Nifty media index rose 2.13% at 2,398.35, followed by Nifty metal, Nifty Pharma, […]
Share markets recovered sharply from their day’s low to settle slightly higher on Monday led by a rise in the banking and Oil marketing company stocks. The BSE Sensex ended at 34,474, up 97 points, while the NSE Nifty50 index settled at 10,348, up 32 points. HPCL, Yes Bank, IOC, Reliance Industries, and Hero Motor Corp were […]
The RBI has left key policy rates unchanged in spite of rising crude oil price and depreciation of the Indian rupee. The benchmark index was at 34,376.99, down 792.17 points post the announcement. Nifty50 index of NSE dropped 283 points to close at 10,316.
Shares of oil marketing companies such as Hindustan Petroleum, Bharat Petroleum and Indian Oil Corp hit 52-week lows after the govt announced that it will cut excise duties on petrol and diesel prices and Oil marketing companies will absorb Re 1 per litre.
The MPC kept policy repo rate intact under the LAF (liquidity adjustment facility) unchanged at 6.50% after its fourth bi-monthly meet held on Friday.
Nifty Bank index plunged 1.5%. YES Bank, SBI, Bank of Baroda, IDFC Bank and ICICI Bank lost up to 5.1%
The domestic currency crashed below the 74-mark against the USD for the first time ever after the RBI kept its key policy rate unchanged. The rupee was quoted 55 paise lower at 74.13 v/s the dollar quickly after the RBI announced its monetary policy.