Sensex Extends Rally, Nifty Above 10,050; PSU Banks Gain

The BSE Sensex and Nifty extended gains in the noon trade with fresh buying coming in state-owned banks like SBI, Bank of Baroda. The Nifty was up 0.53 per cent at 10,059.25 as of 12.45 pm, while the benchmark Sensex was 0.55 percent higher at 32,059.35. Markets rose for the r a fourth straight session on Tuesday, led by gains in metal, banking, FMCG More...

by Loknath Das | Published 1 week ago
By Loknath Das On Friday, September 8th, 2017
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Sensex Falls Over 200 Points On North Korea Jitters

Mumbai: The BSE Sensex slumped over 223 points and the NSE Nifty slipped below the 9,900-mark in early trade today as realty, metal and banking stocks fell amid weak global cues on lingering worries about North More...

By Loknath Das On Wednesday, August 30th, 2017
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Indian-Origin Fund Manager’s Conviction Upheld In $275 Million Insider Trading Case

New York: An Indian-origin portfolio manager, who is serving a nine-year jail term for his role in the most lucrative insider trading scheme in the US, has lost his bid to overturn his conviction after an appeals More...

By Loknath Das On Monday, August 21st, 2017
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Sensex Extends Gains; Infosys Surges Over 5% On Buyback Proposal

The BSE Sensex extended gains in post-noon trade, rising over 100 points on Thursday as Infosys, the second biggest IT outsourcer in India, surged over 5 per after announcing a likely share buyback, while Asian More...

By Loknath Das On Friday, August 18th, 2017
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HPCL Share Sale: PwC, 4 Others In Race To Become Transaction Adviser, Says Report

New Delhi: PwC, JM Financial and ICICI Securities are among the five consultants vying to become transaction adviser to the government’s over Rs. 33,000 crore stake sale in Hindustan Petroleum Corporation More...

By Loknath Das On Monday, August 7th, 2017
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Stocks reach new peak in world full of surprises

August 7, 2017: World stocks breached new record highs on Monday as better-than-expected company earnings and economic data from the United States stole the focus from rising geopolitical tension over North Korea’s More...

By Loknath Das On Thursday, July 27th, 2017
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Biggest earnings rush of quarter could help boost stocks Thursday

With the Fed meeting behind it, the stock market will focus again Thursday on the gusher of earnings news that has been driving the stock market to record highs. At least 60 S&P 500 companies report, making More...

By Loknath Das On Sunday, July 23rd, 2017
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Brace for volatility in F&O week; 5 stocks which can give up to 14% return in 2 months

Indian market witnessed a volatility week as benchmark indices closed marginally higher but over their crucial support levels. The Nifty50 closed 0.29 percent higher at 9,915 and the S&P BSE Sensex ended above More...

By Loknath Das On Monday, July 17th, 2017
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Markets at new highs on capital inflows, earnings optimism

The Sensex and the Nifty today made the most of the momentum and registered new all-time peaks at 32,074 and 9,916, respectively, building on optimism about corporate earnings. Asian shares ruled firm, picking More...

By Loknath Das On Wednesday, July 5th, 2017
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BHEL Shares Tank 13% On Weak March Quarter Earnings

New Delhi: Shares of BHEL today tumbled nearly 13 per cent after the company’s standalone net profit declined by 57 per cent in the March quarter. After making a weak opening, shares of the company plunged More...