india

Lockdown fears spook markets, Sensex falls 3.5%

Rupee slumps to 9-month low at 75.05 Fears of the rapid spread of COVID-19 and its possible impact on the economy drove benchmark stock indices down by about 3.5% on Monday. The slump was led by a meltdown in banking and finance stocks. The S&P BSE Sensex plunged 1,707.94 or 3.44% to 47,883.38. All the […]

india

Sensex, Nifty end marginally higher after choppy trade

Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country. After swinging around 646 points during the day, the 30-share BSE Sensex settled 42.07 points or 0.09 % higher at 49,201.39. The broader NSE Nifty advanced […]

india

Sensex falls 1.7% as virus variant spooks markets

Banking, metal, auto, IT lead sell-off The Union Health Ministry’s statement on the surfacing of a ‘double-mutant variant’ of the novel coronavirus and fears of fresh restrictions and an economic slowdown spooked markets with the benchmark stock indices shedding more than 1.7% each on broad-based selling. The S&P BSE Sensex lost 871 points, or 1.74%, […]

india

Sensex ends 87 points lower; financial stocks drag

The 30-share BSE index ended 86.95 points or 0.17 % lower at 49,771.29. The broader NSE Nifty dipped 7.60 points or 0.05 % to 14,736.40. Equity benchmark Sensex declined 87 points on Monday, tracking losses in index majors HDFC Bank, ICICI Bank and Reliance Industries amid a weak trend in global markets. The 30-share BSE […]

india

Market stages sharp recovery; Sensex rebounds 642 points

Snapping its five-session losing streak, equity benchmark Sensex rebounded 642 points on Friday, led by gains in index majors RIL, HUL and ICICI Bank despite negative cues from global markets. After opening with significant losses, the 30-share BSE index made a U-turn to end 641.72 points or 1.30 % higher at 49,858.24. The broader NSE […]

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Equities fall as U.S. bond yields rise on Fed stance

Sensex, Nifty drop more than 1% each Indian equity benchmarks dropped by more than 1% for the second straight session on Thursday on concern that rising U.S. bond yields in the wake of the Federal Reserve’s dovish policy stance could herald foreign fund outflows. Amid widespread selling pressure, the S&P BSE Sensex slumped 585 points, […]

india

Today's top business news: Stocks pare opening gains, Bitcoin falls after weekend record high as Centre considers a ban, diesel sales rise as economic activity picks up, and more

Updates from the world of economy, markets, and finance The Nifty and the Sensex opened the day on a  positive note to recuperate some of the losses from yesterday. Bitcoin’s price is in the limelight after sources revealed the Centre may ban the digital currency. Join us as we follow the top business news through […]