The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year’s Eve. On New Year’s Eve, when 2007 was giving way to 2008, the Sensex was sitting pretty over the 20,000 milestone. Nearly 10 years later, it is still finding it difficult to hold the 30,000-mark. Assuming the situation in West Asia fizzles out and no further global shocks, the BSE benchmark might succeed in topping the Mount triple thousand by the end of ... Rediff.com, 1 week ago
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The broader NSE index has fallen about 0.9% as investors wait for corporate results In a choppy trade, benchmark indices settled the day lower as investors stayed cautious ahead of the start of the March-quarter earnings season. Globally, the sentiment was also hit by the ongoing geopolitical concerns. After hitting a record high of 9,273.90 points last week, the broader NSE index has fallen about 0.9% as investors wait for corporate results, with Infosys due tomorrow. Street is also looking ...Rediff.com, 2 weeks ago
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged. Benchmark indices pared losses to end the day on a flat note after the Reserve Bank of India decided to keep the repo rate unchanged at 6.25% in line with the market expectations. Maintaining the ‘neutral’ stance, the Central Bank raised the FY17 GVA target for FY18 to 7.4%. However, it raised the reverse rate to 6% from 5.75% due to narrowing of the liquidity adjustment ...Rediff.com, 3 weeks ago
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards. The S&P BSE Sensex may have recovered from demonetisation to touch a new high of 29,649 points recently, but quite a few large- and mid-cap stocks are yet to recover from the note ban. Nearly 28% of the BSE 200 stocks trade below their November 8, 2016, levels. These include IDFC Bank, Dr Reddy’s Laboratories, Reliance Communications, United ...Rediff.com, 1 month ago
The market breadth, indicating the overall health of the market was strong The benchmark indices snapped three sessions long losing streak to end higher with energy shares leading the gains while financial and auto shares bounced back. Positive trade in Asian markets just before a vote in the US Congress on US President Donald Trump's GOP healthcare bill also contributed to the gains. The S&P BSE Sensex ended at 29,332, up 164 points, while the broader Nifty50 settled at 9,086, up 56 ...Rediff.com, 1 month ago
The State-owned Oil and Natural Gas Corporation may acquire India's third-biggest fuel retailer HPCL in an approximately 44,000 crore (USD 6.6 billion) deal as part of the government's plan to create an integrated oil giant. Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd. This will have to be ...Rediff.com, 2 months ago
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