Market snaps five-week rally; Sensex, Nifty tank 3%

Rebounding from nearly two-week lows, the BSE benchmark index Sensex on Friday snapped a four-day downtrend by ending 30 points higher on the back of strength in Tata Steel, ICICI Bank, L&T and Tata Power shares. However, the index ended around 3 per cent ...

Disappointing earnings reports from heavyweights State Bank of India and Larsen & Toubro, worries about the global economy on the back of a weak Chinese manufacturing report and a likely tapering of asset purchase program by the US Federal Reserve rendered ...

0 Comments, Be the first to comment Moneylife Digital Team | 24/05/2013 05:54 PM | A close below 5,970 on the Nifty may pull the market down further. However, a close above any previous day's high may bring some relief The market managed to snap its ...

By Sankalp Phartiyal and Aditya Kalra It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Federal Reserve chief Ben Bernanke's suggestion that stimulus measures may be scaled back at ...

Stocks zig-zagged up and down on the Bombay Stock Exchange on Friday, indicating a volatile mood after a rally this year stymied by concerns on a weakening rupee and uncertainties in the global environment and local corporate performance. The BSE’s 30-share ...

A benchmark index of Indian equities markets Friday closed flat, a day after the benchmark index shed nearly two percent on the report that the US may reverse its monetary stimulus programme that spooked markets elsewhere in the world.Scrips of companies in ...

Key benchmark indices slumped on Thursday as world stocks tumbled after disappointing data from China and comments from the US Federal Reserve about tapering its stimulus programme stoked worries about slower global growth and less liquidity. Poor Q4 results ...

Indian markets ended the session on Friday with a gain of about 0.15 per cent led by Mumbai, May 24: Indian markets ended the session on Friday with a gain of about 0.15 per cent led by consumer durables, capital goods and metal stocks amid weak European ...

After a bright start on some bargain hunting, and a subsequent fall into the red, the Indian stock market rebounded swifty on Friday, but struggled to hold at higher levels as investors mostly chose to stay away on the sidelines due to lack of triggers.