After witnessing lacklustre trades in the past two sessions, markets shot up in today’s trade after Britons commenced voting on a referendum on whether Britain should remain a part of the 28-nation European Union. Meanwhile, strength in the European cues and gain in the Indian rupee aided the rally. Participants will watch out for the Brexit poll outcome in the early morning trades tomorrow. The S&P BSE Sensex gained 237 points to close at 27,002 and the Nifty50 surged 67 ... Rediff.com, 1 week ago
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Benchmark share indices ended lower, amid weak cues from Japan, after disappointing earnings from major corporates and a private survey showed slow down in April manufacturing output. The S&P BSE Sensex ended down 170 points at 25,437 and the Nifty ended down 44 points at 7,806. In the broader market, the BSE Midcap index ended up 1.1% and Smallcap index gained 0.4%. Market breadth was negative with 1294 losers and 1165 gainers on the BSE. "Weak global cues especially from the ...Rediff.com, 2 months ago Sensex cracks below 25,000-mark as weak global cues negate RBI rate cut Rediff.com, 2 months ago Sensex surges 100 points on firm global cues Rediff.com, 2 weeks ago Global meltdown, oil woes drag Sensex 239 points lower; FOMC eyed Rediff.com, 2 weeks ago
After a dismal trading session yesterday, markets bounced back today owing to a spectacular rally in bank stocks after the Rajya Sabha passed the Bankruptcy Bill. In the banking pack, ICICI Bank, SBI, IndusInd Bank, HDFC Bank and Bank of Baroda surged between 0.2%-4% to the passage of Bankruptcy Bill, which aims to complete the insolvency process of companies in 180 days, helping lenders in faster recovery of their loans. The S&P BSE Sensex surged 193 points to close at 25,790 and ...Rediff.com, 1 month ago
IMAGE: Captain Sardar Singh scored the match-winner as India rallied to beat Japan in their opening match of the Azlan Shah hockey tournament. Photograph: Hockey India Asian Games champions India rallied from a goal down to overcome Japan 2-1 on the opening day of the 25th Sultan Azlan Shah Cup hockey tournament, in Ipoh, on Wednesday. Squandering a series of scoring chances created by defence-splitting crosses that sailed across the goalmouth, India earned full points against their ...Rediff.com, 2 months ago
Benchmark indices ended higher for fifth straight session with Indices touching fresh 2016 closing high as participants indulged in buying valuable stocks at attractive valuations. Sustained buying by FIIs, favourable Manufacturing PMI data, progress of the monsoon and positive global cues pulled Nifty above the crucial 8,350 mark in intra-day trades. The S&P BSE Sensex rose 145 points to close at 27,145 and Nifty50 surged 41points to end at 8,328. In the broader market, both the BSE Midcap ...Rediff.com, 20 hours ago Sensex ends 331 points higher; Fed decision, BoJ meet awaited Rediff.com, 2 weeks ago Sensex hits seven-month high on positive GDP data Rediff.com, 1 month ago Markets settle at CY 2016 high; Fed outcome, April expiry eyed Rediff.com, 2 months ago
Benchmark indices ended near day’s high after the Cabinet on Wednesday approved the recommendations of the 7th Pay Commission. Investors’ sentiments were further boosted due to recovery in global stocks after near term Brexit concerns eased. The S&P BSE Sensex rose 216 points to end at 26,740 and the Nifty50 gained 76 points to close at 8,204. Among broader markets, BSE Midcap and Smallcap indices surged between 0.9%-1.2%, outperforming the benchmark indices. Commenting ...Rediff.com, 2 days ago
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.' Investors around the world got a shock on Friday when the ‘unthinkable’ became a reality as the UK voted to exit the European Union (EU). Despite a late swing in opinion polls towards the ‘remain’ camp, British citizens voted to end the country’s membership. The outcome shook the financial world, with financial instruments collapsing like ninepins. As a ...Rediff.com, 4 days ago
Rupee is seen to remain in the range of 67.50-68.80 in the short-term The rupee could possibly weather the Brexit storm in a much better fashion than its global peers, aided by intervention by the Reserve Bank of India (RBI), on a day when most emerging market currencies witnessed huge losses and the pound witnessed a bloodbath as a reaction to Britain exiting the European Union (EU). Well-timed communication by the central bank also helped the rupee correct its course and the market now ...Rediff.com, 1 week ago
Stocks in export-led sectors such as pharma and information technology along with auto component manufacturers were among the most impacted. Benchmark indices ended over 2% lower, with the benchmark Nifty recording its biggest fall since February 11 in intra-day trade, tracking a meltdown in global stocks after Britain in a historic referendum voted to exit the European Union. Concerns further mounted as commentators said Britain's exit, commonly referred to as Brexit, and would mean that the ...Rediff.com, 1 week ago
SoftBank's Founder-Chairman Masayoshi Son has had strong lieutenants in the past who have faded from view in no time, says Shyamal Majumdar. IMAGE: Masayoshi Son would like to stay on for 10 years, leaving Nikesh Arora with no other option but to quit SoftBank. Photograph kind courtesy: Nikesh Arora/Twitter Even the world’s third highest-paid executive can be hopelessly outmanoeuvred by a wily entrepreneur. Ask Nikesh Arora, the super-smart former president and ...Rediff.com, 1 week ago
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