Tag: Business

Mumbai: Markets hit record highs on Tuesday’s opening session extending their rally for the second day running as the BSE Sensex rose over 100 points to an all-time high of 39,571.73 in early trade. The Sensex touched a fresh life time high of 39,571.73 during the opening session of the trade on Tuesday. At 9.29 […]

Mumbai: The benchmark Sensex managed to close 140 points higher on Wednesday amid record volatility as fresh nervousness gripped the market ahead of the general election results. The India VIX or the fear gauge shot up to 30.18, a four year high level as the euphoria around the exit polls seemed dying down. Index gains […]

New Delhi: The Finance Ministry may ask the Reserve Bank of India (RBI) to put strong regulatory framework around NBFCs accessing non-bank public deposits, like pension and provident fund, as these are savings of the salaried class and must be kept away from avoidable risks like infrastructure NBFCs. Faced with liquidity crunch after IL&FS default […]

Mumbai: Indian equities seem to now have discounted the return of Prime Minister Narendra Modi. The Sensex after surpassing the historic highs is trading just over 300 points higher. At 1.27 p.m., the Sensex was up by 338.65 points or 0.87 per cent to 39,448.86 after its surpassed the 40,000 mark within minutes into Friday’s […]

Kolkata: Private sector Federal Bank is looking at a 20 per cent growth in business in the current fiscal, an official said on Wednesday. “We are pursuing a 20 per cent year-on-year growth in business, including deposits and credit, in 2019-20,” Federal Bank MD and CEO Shyam Srinivasan said. The lender had posted a net […]

Mumbai: The Reserve Bank of India on Wednesday constituted a task force on development of secondary market for corporate loans. The six-member task force will have T. N. Manoharan, Chairman of Canara Bank, as its chairperson and will submit its report by the end of August 2019. The RBI said that the terms of reference […]

Mumbai: Taking a cue from global markets, the key Indian equity market indices on Tuesday opened lower. The Sensitive Index (Sensex) of the BSE, which had closed at 40,267.62 on Monday, opened lower at 40,196. Minutes into trading, it was quoting at 40,155.50, down by 112.12 points, or 0.28 per cent. At the National Stock […]

Mumbai: The key Indian equity indices opened on a positive note on Monday, in line with the Asian stocks, with the BSE Sensex trading 320 points higher. Both the domestic and Asian investor sentiment strengthened after US President Donald Trump on Friday announced that he would not impose 5 per cent tariffs on Mexican exports, […]

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE opened at 39,974.18, then touched a high of 39,982.10 and a low of 39,780.00. It is trading at 39,788.61 down by 161.85 points or 0.41 per cent fro its Tuesday’s […]

Mumbai: Taking a cue from global markets, the key Indian equity market indices on Thursday opened lower. The Sensitive Index (Sensex) of the BSE, which had closed at 39,756.81 points on Wednesday, opened lower at 39,679.35 points. Minutes into trading, it was quoting at 39,651.30 points, down by 105.51 points, or 0.27 per cent. At […]

Mumbai: Sensex and Nifty traded on a flat note during the morning trade session on Tuesday. Traders remain cautious ahead of the Union Budget and a key meeting between US and Chinese Presidents Donald Trump and Xi Jinping at the G20 Summit in Osaka, Japan, where the two leaders are likely to discuss the ongoing […]

Mumbai: Ahead of the Union Budget, the Sensex and Nifty on Tuesday were trading marginally in the red. Union Budget is scheduled to be tabled on July 5. Analysts said that the Budget will be a key trigger for the markets, ahead of which some caution was being witnessed. The Sensex was trading 84.57 points […]

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade and soon entered the negative range. The Sensex of the BSE opened at 39,907.57, touched a high of 39,908.47 and a low of 39,732.38. The Sensex is trading at 39,776.60 down by 39.88 points or […]

Mumbai: The key Indian equity indices opened on a positive note ahead of the presentation of the Union Budget by Finance Minister Nirmala Sitharaman on Friday, with the Sensex trading over 100 points higher. The budget is expected to feature several announcements with focus on the farm sector and rural India among others. At 9.17 […]

Mumbai: The rupee opened on a weak note and declined by 13 paise to 69.05 against the US dollar in opening trade on Tuesday, amid sustained foreign fund outflows and rising crude oil prices. Forex traders said, strengthening of the US dollar vis-a-vis against other currencies overseas kept pressure on the Indian rupee. The rupee […]