Market suffers second straight weekly loss, plunge 638 points

The benchmark Sensex witnessed sharp losses for the second consecutive week, falling 638.72 points to end at 31,283.72, while the broader Nifty slid below the key 9,800-level at 9,788.60 on heavy FPI sell-off along with volatile rupee. The market felt the global uncertainities with FPI offloading indian stocks considerably during the week, while rupee More...

by Loknath Das | Published 8 months ago
By Loknath Das On Friday, September 22nd, 2017

Asian Shares Fall As North Korea Moots Hydrogen Bomb Test

Tokyo: Asian stocks fell and the Japanese yen and Swiss franc gained on the mooted possibility of North Korea conducting another hydrogen bomb test, this time in the Pacific Ocean. North Korean Foreign Minister More...

By Loknath Das On Wednesday, September 13th, 2017

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 More...

By Loknath Das On Friday, September 8th, 2017

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

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

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

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

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

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

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...