By Sameet Chavan Overall the global cues were a bit favourable on Monday morning and hence after a long break, our markets opened with a decent upside gap to test 18000. However, within a few minutes of trade, all these gains just disappeared and in fact, we went on to…
Indian benchmark indices hit fresh record highs on Monday. While BSE Sensex gained over 300 pts to hit a new lifetime high of 62,484, NSE Nifty50 rose around 90 pts to touch new high of 18,611.05. Reliance Industries was the top contributor as RIL shares surged over 3 per cent…
Indian benchmark indices were trading in the red today after snapping an eight-day winning streak on Friday. The BSE Sensex lost over 115 points or 0.2% to trade at 62,750. The NSE Nifty is trading at 18,669, down 0.2%. All of Nifty’s sectoral indices shifted between gains and losses, while…
The rupee settled for the day 8 paise higher at 81.62 (provisional) against the American currency on Friday on broad dollar weakness and improved risk sentiments. Forex traders said positive domestic equities and foreign fund inflows supported the local unit. The local unit finally settled at 81.62, registering a rise…
Shares of TVS Motor Company on Monday dropped 3% to `1,017.75 in intra-day trade on the BSE after Srinivasan Trust, one of the promoters, sold 2,569,726 shares of the company for `262 crore in a bulk deal. The shares were sold at `1,020.03 apiece. As of September 30, Srinivasan Trust…
By Dharmesh Shah Equity benchmarks snapped the two weeks losing streak and concluded a truncated week on a positive note as Nifty settled at 17916, up 1.4%. The broader markets relatively outperformed as Nifty midcap and small-cap rose 3.2% and 2.5% respectively. Sectorally, all major indices ended in green led…
Indian benchmark indices were trading in the green following the RBI MPC meet outcome and the repo rate hike of 35 bps. The BSE Sensex gained over 60 points to trade at 62,474. The NSE Nifty is trading at 18,617, up 0.3%. Sectorally, Nifty PSU Bank index is up 2.09%…
Markets regulator Sebi on Friday came out with a framework for alternative investment funds (AIFs) raising capital from foreign investors.At the time of on-boarding investors, the manager of an AIF would have to ensure that the foreign investor is a resident of a country whose securities market regulator is a…
Mercedes-Benz India’s next MD & CEO Santosh Iyer’s statement about mutual fund SIPs eating into luxury car sales has drawn passionate response from investment advisers, who overwhelmingly suggest using any opportunity to build wealth for acquiring luxuries such as a Mercedes car later. “At Rs 50000 EMI, it isn’t possible…
The Indian rupee ended slightly weaker against the U.S. dollar on Tuesday, unable to take advantage of the broadly positive Asian cues, in another quiet session where the local unit held a narrow trading range. The rupee closed at 81.72 per U.S. dollar, compared with 81.67 in the previous session,…