Tag: Stock market

Stock market crash erodes over Rs 3 lakh crore from investor wealth

Led by the sharp carnage in equities, the market capitalization of BSE-listed companies slumped Rs 3,05,625.87 crore to Rs 1,35,59,695.82 crore in late morning trade.

October 11, 2018

Are you left-brained or right-brained?

There is a common belief that most people are either more “right-brained” or more “left-brained” while there are a few who are almost equally balanced. A strong left brain manifests itself through interest and competency in analytical subjects – science, mathematics, business and accounting, logic, manufacturing etc. whereas a person with a strong right brain …

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September 2, 2018

Rupee recovers 7 paise to 68.60 against US dollar in late morning deals

The rupee opened lower to 68.69 from Monday's closing level of Rs 68.67 at the interbank foreign exchange market here

July 31, 2018

Sensex rallies over 300 points; Nifty breaches 11,200 mark

Brokers said investors were busy creating new positions following the beginning of the August futures and options (F&O) series leading to the rally

July 27, 2018

Sensex soars 257 pts in see-saw trade

The NSE Nifty, after shuttling between 10,710.45 and 10,837, ended at 10,821.85, up 80.75 points, or 0.75 per cent

June 22, 2018

Sensex edges up 66 points in opening trade

The 30-share index advanced 66.25 points, or 0.18 per cent, to 35,666.07. It had lost 139.34 points in the previous session

June 15, 2018

ICICI Securities Q4 net profit up 91%

Investment services firm ICICI Securities (ISec) on Saturday reported an exponential rise of 91 per cent in its fourth quarter net profit. According to the company, its net profit under the quarter under review increased to Rs 159 crore from Rs 83 crore reported in the same period last year. This is the first time …

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April 15, 2018

SFIO notices badly hit stock market sentiment

After a strong beginning, equity markets lost steam during this afternoon session which frittered away the day’s impressive gains earlier to end in the red following report of summons issued by Serious Fraud Investigation Office or SFIO ~ the investigation wing of ministry of corporate affairs ~ to the country’s top private bankers Ms Chanda …

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March 7, 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 34,082.71 points on Wednesday, opened higher at 34,208.11 points. Minutes into trading, it was quoting at 34,152.82 points, up by 70.11 points, or 0.21 per cent. At the National …

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February 8, 2018

Market plunge washes away Rs 4.95 lakh cr investor wealth

Investors lost around Rs 4.95 lakh crore amid sell-off in the broader market today where the benchmark BSE Sensex tumbled 1,275 points or 3.6 per cent in opening trade. The BSE Sensex cracked below the 34,000-mark by plunging about 1,275 points or 3.6 per cent in opening trade today due to across-the-board losses after investor …

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February 6, 2018

White House reassures markets as Dow Jones stock index hit by record falls

The White House moved to reassure markets after the Dow Jones Industrial Average index dropped by 1,175 points. The leading US stock market index on Monday closed down 4.6 per cent at 24,345.75, BBC reported. The White House said: “The President’s focus is on our long-term economic fundamentals, which remain exceptionally strong.” The fall surpasses …

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February 6, 2018

Profit booking at higher level hits rally

Overnight fall in Wall Street spread to Asian stock markets on Tuesday morning, giving traders an opportunity to book profit at higher levels. Participants in Dalal Street have been looking for such a chance to unwind their risky positions built over last ten days as part of a pre-Budget rally so that they do not …

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January 31, 2018

Indian equities open higher, trade at fresh highest

Ahead of the Economic Survey 2017-18 which will be released in the Parliament on Monday, the key Indian equity indices opened trade session on a higher note. According to market observers, expectation of sops from the Union Budget 2018-19, along with healthy buying in auto, metals and banking stocks, lifted investors risk-taking appetite. Around 9.30 …

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January 29, 2018

Union Budget, earnings key triggers for equities this week

Stock market participants will be keenly awaiting the Union Budget to be presented on February 1 to decide their future course and will also have their eyes glued to corporate earnings, including of blue-chips HDFC and ICICI Bank, this week, according to experts. PMI data for the manufacturing sector which is due on Thursday would also influence trading …

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January 28, 2018

Profit booking pulls equity indices lower

After five consecutive sessions of gains, the key Indian equity indices on Wednesday traded on a flat note with marginal losses as investors booked profits in consumer durables, metals and capital goods stocks. According to market observers, mixed Asian cues along with caution ahead of derivatives expiry on Thursday led to the gloom mood in …

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January 24, 2018

S&P 500, Nasdaq notch record high despite shutdown concerns

S&P 500 and the Nasdaq closed at record high while investors assessed the possibility of a government shutdown. The Dow Jones Industrial Average on Friday added 53.91 points, or 0.21 per cent, to 26,071.72. The S&P 500 increased 12.27 points, or 0.44 per cent, to 2,810.30, Xinhua news agency reported. The Nasdaq Composite Index was …

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January 20, 2018

Education inequalities must be bridged first

Contemporary India’s economic growth performance is remarkable. India is now the world’s fastest growing economy next only to China. The turnaround happened since about the late 1980s. India adopted a neo-liberal economic policy in 1991. The average growth rate over the reform years has been 6.5 per cent per annum. It even shot up to …

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January 18, 2018