Tag: Market

Rupee hits all-time low of 69.12 against US dollar

The rupee's previous all-time intra-day low was 69.10, touched on June 28.

July 20, 2018

Sensex soars 400 pts, Nifty tops 10,800-level

The BSE Sensex surged over 400 points while the Nifty reclaimed the 10,800-mark in mid-session trade today on widespread buying, led by rate-sensitive banking, realty and auto shares. Markets had rallied yesterday as well after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance. Positive leads …

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June 7, 2018

Crude oil prices, rupee push equity indices higher

Key equity indices made substantial gains for the third consecutive session on Monday, as a fall in global crude oil prices, as well as a rebound in rupee strength enhanced investors risk-taking appetite. According to market analysts, healthy buying was observed in capital goods, banking and oil and gas stocks. However, weakness in global markets …

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May 28, 2018

Key equity indices shed early gains on negative Asian cues

After an initial trade in the green, key Indian equity indices traded on a flat-to-negative note on Tuesday afternoon tracking negative cues from the benchmark Asian indices and selling pressure on IT, auto and capital goods stocks. However, healthy buying in consumer durables and metal stocks and fast moving consumer goods (FMCG) restricted further losses. …

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April 17, 2018

Markets slip on evolving political crisis

The Telugu Desam Party’s decision to dump the BJP-led National Democratic Alliance and US President Donald Trump’s decision to fire the White House security adviser and go ahead with levying import duties at the cost of provoking a trade war delivered a double-blow to the domestic equity market on Friday. The main stock indices of …

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March 17, 2018

Key Indian equity market indices open in green

The key Indian equity market indices on Thursday opened higher on the back of positive outlook of economy projected by the World Bank but it was quoting in red in early trading session taking cue from global markets. The Sensitive Index (Sensex) of the BSE, which had closed at 33,835.74 points on Wednesday, opened higher …

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March 15, 2018

Relief rally spreads across Asia-Pacific markets

A relief rally swept Asia-Pacific markets on Monday on positive global cues such as an impressive job data (non-agriculture payrolls) from the US suggesting softening of inflation risk as well as less possibility of faster interest rate hike by the US Federal Reserve in 2018. The bullish sentiment spread from Japan, Hong Kong and other …

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March 13, 2018

Apple takes top spot in global wearables market

With eight million shipments in the fourth quarter, Apple has become leader in the global wearables market, a report by International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker has said. In the fourth quarter, Apple shipped eight million wearables with a 21 per cent market share and 57.5 per cent year-over-year growth, the report …

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March 2, 2018

Expected rise in PNB fraud depresses equity indices

An expected rise in the estimated quantum of fraud at Punjab National Bank pulled the key indices of the Indian equity market lower during the afternoon trade session on Tuesday. According to market observers, the key indices made gains on the back of an exponential rise in the US and Asian stock exchanges, however, further …

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February 27, 2018

Asian markets lift key domestic equity indices

An exponential rise in the US and Asian markets lifted the key domestic equity indices during the early morning trade session on Tuesday. According to market observers, healthy buying in oil and gas, consumer durables and automobiles stocks also led to the rise. At 9.32 a.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE …

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February 27, 2018

Untying the Gordian Knot: Deciphering the Indian bond market

In 333 B.C. Alexander the Great marched his army into the Phrygian capital of Gordium in modern day Turkey. Upon arriving in the city, he encountered an ancient wagon installed by King Midas in the Second Millennium, its yoke tied with ‘several knots all so tightly entangled that it was impossible to see how they …

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February 23, 2018

Strong global cues lift market

Guided by strong global cues spreading from Wall Street to Asia Pacific, domestic equity benchmarks of Bombay Stock Exchange and National Stock Exchange rebounded on a mix of value buying and short covering by market participants in Dalal Street on Thursday. Analysts attribute the global recovery to overnight rise in Dow Jones and S&P 500 …

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February 16, 2018

Key Indian equity market indices open higher

Taking a cue from global markets, the key Indian equity indices on Thursday opened higher. The Sensitive Index (Sensex) of the BSE, which had closed at 34,155.95 points on Wednesday, opened higher at 34,207.57 points. Minutes into trading, it was quoting at 34,249.98 points, up by 94.03 points, or 0.28 per cent. At the National …

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February 15, 2018

DLF’s Q3 consolidated profit rises to Rs 4,111.95 cr

Real estate major DLF on Tuesday reported an exponential rise in its consolidated net profit for the third quarter of 2017-18 to Rs 4,111.95 crore. According to the company, its consolidated net profit increased on the back of “one-time, exceptional pre-tax gain of Rs 8,569 crore due to restatement of DLF’s investment in DCCDL”. Consequently, …

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February 14, 2018

Sensex recovers 260 points, Nifty above 10,500-mark

Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recaputuring the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours today. Asian markets were also trading in the green after a late-day rally on Wall Street on …

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February 12, 2018

India is a very important market

Representatives of over 50 countries participated in the 25th edition of India’s most awaited travel and tourism exhibition, SATTE (South Asia’s travel and tourism exhibition) in the Capital. Most of the foreign participant countries at the exhibition agreed that India is a high potential market when it comes to tourism and the number of Indians …

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February 4, 2018

All businesses must show great strength in current market: Jamir

In the current competitive market scenario at national and international level, it is all the more imperative for all businesses to show greater strength and courage, said Odisha Governor Dr S C Jamir. He pointed out that the government is doing its best in terms of ease of doing business in the country. Dr Jamir …

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February 3, 2018