Category: Economic News

Rupee falls 38 paise; touches 71 level against US dollar

Mumbai, Aug 13: The rupee deprecated by 38 paise and fell to 71 per dollar mark in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities. Forex traders said the strength of the US dollar against other overseas currencies and concerns about […]

Sensex rebounds over 200 pts; Nifty above 10,900

Mumbai, Aug 6: Domestic equity benchmark BSE Sensex rebounded over 200 points and the NSE Nifty reclaimed the 10,900 level in early trade on Tuesday led by gains in banking and auto stocks. The 30-share index was trading 214.96 points, or 0.59 per cent, higher at 36,914.80 at 0930 […]

Sensex tumbles over 289 pts; bank, auto stocks drag

Mumbai, Jul 30: The benchmark Sensex on Tuesday fell over 289.13 points to close at 37,397.24 due to heavy selling mainly in banking, auto and oil & gas stocks as tepid corporate earnings and auto sector woes weighed on investors’ sentiment. Besides, sustained foreign fund outflows continued to spook […]

Sensex ends 196 pts lower on weak global cues

Mumbai, Jul 29: Equity benchmark Sensex fell by 197 points on Monday, tracking weak global cues and unabated foreign fund outflows. Similarly, the NSE gauge Nifty slipped by 95 points.  Auto stocks were at the receiving end with investor sentiment taking a hit after the government proposed a hike […]

Sensex, Nifty start on a cautious note

Mumbai, Jul 26: Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a cautious note on Friday tracking weak global cues, amid sustained foreign fund outflow. The 30-share index was trading 3.11 points or 0.01 per cent higher at 37,834.09 at 0945 hours; and the broader Nifty was […]

Sensex falls over 100 pts after IMF cuts India’s growth outlook

Mumbai, Jul 24: Domestic equity benchmark BSE Sensex dropped over 100 points in early trade on Wednesday as investor sentiment dampened further after IMF cut India’s growth outlook. Massive foreign fund outflow too hit market mood here, traders said. After swinging nearly 250 point in highly volatile opening session, […]

GDP growth to be flat at 6.8% in FY20: Report

Mumbai, Jul 24: The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, says a report. Singaporean lender DBS estimates FY20 growth to stay at 6.8 percent, the same as FY19. The […]

Sensex drops over 100 pts; bank stocks drag

Mumbai, Jul 23: Domestic equity benchmark BSE Sensex fell below the 38,000 mark, shedding nearly 100 points in early trade, on Tuesday amid heavy foreign fund outflow and weak domestic cues. The 30-share index was trading 103.50 points or 0.27 per cent lower at 37,927.63 at 0930 hours; and […]

Sensex jumps over 200 pts; bank, metal stocks soar

Mumbai, Jul 11: Domestic equity benchmark BSE Sensex jumped over 200 points in early trade Thursday tracking strong cues from global markets after US Federal Reserve Chairman Jerome Powell hinted at a rate cut soon. The 30-share index, however, gave up some gains to trade 106.35 points, or 0.28 […]

Sensex, Nifty start on a choppy note; TCS shares fall

Mumbai, Jul 10: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Wednesday as investors await direction from key global and domestic events scheduled this week. After gyrating nearly 200 points in opening session, the 30-share index was trading 33.76 points, or 0.09 per cent, […]

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