Now that the UK has done what was expected in the last one decade, exiting from the European Union, despite a brave face put up by the Indian government and analysts, the gloomy picture is looming large on the share market that plunged by more than 1,000 points in a single day. The government’s reaction is stereotypic that the economy ...
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Home, Auto Loans to be Cheaper as RBI Slashes Repo by 50 Points
The move by RBI to cut the repo rate by 50 basis points has gripped the market and responding to it Andhra Bank has reduced its base rate by 0.25 per cent effective today, while the largest lender SBI has made it effective from October 5. The Reserve Bank of India earlier slashed the benchmark repurchase (repo) rate from 7.25 ...
Read More »Today’s Sensex Crash Owes to China Yuan Devaluation to Moody’s Downgrade
The Sensex on Monday ended one of the worst mayhem in share markets ending at 25,741.56 points, which is down by 1,624.51 points, sparking hue and cry as many investors became poorer over-day by Rs.7 lakh crore. The top 10 biggest Indian firms saw their market capitalisation dilute by Rs.2 lakh crore in just few hours after the exchanges opened ...
Read More »How Experts Reacted as Sensex Crashed Most in Seven Years, 4th in History
As the investors from worldwide are worried about Chinese economy, markets witnessed bloodbath today, the Sensex recorded an intra-day fall of 1,153.16 points till noon, fourth highest ever recorded in history. It is the biggest crash in about seven years and the fourth biggest for the BSE benchmark index Sensex. Today’s fall is biggest since October 24, 2008. Out of top ...
Read More »Black Monday Bloodbath Nosedives Sensex by 1150 Points, Was it Yuan Effect?
The Indian markets dovetailed terribly on Monday taking down the Sensex by 1100 points and eroding Rs.4 Lakh Crore from the market instantly. The ripple effect is seen in virtual shock and apathy in the trading session in the morning with brokers heart-broken to make any move, while the Indian rupee hit Rs.66.50 per US dollar, which is ...
Read More »Sensex picks momentum by 255 points, riding on bank stocks
Mumbai, March 30 (IANS): India’s Sensex, the 30-scrip Sensitive Index (Sensex), made healthy gains in the early morning session on Monday. It was trading 255 points or 0.93 percent up, as bank stocks rose. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains during the early morning session. It was trading up 67.70 points or ...
Read More »Sensex on Downward Trend? Loses 277 as auto stocks fall
The 30-scrip Sensitive Index, made heavy losses during the afternoon trade Friday. The Sensex was trading down 277 points or 0.96 percent as interest sensitive sectors like automobile, banking and capital goods declined. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made losses during the afternoon session. It was trading down 81.75 points or 0.93 percent at ...
Read More »Sensex Plunges after Budget Presentation, FMCG Most Hit
The 30-scrip Sensitive Index (Sensex) on Saturday plunged 209 points or 0.72 percent down in late afternoon trade after Finance Minister Arun Jaitley presented the Union Budget for 2015-16 in the Lok Sabha. The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,411.33 points, was trading at 29,011.09 points (at 2.00 p.m.) in the late afternoon trade session, ...
Read More »Sensex Moves up Slightly Ahead of Budget Presentation by Finance Minister
Sensex, the 30-scrip Sensitive Index (Sensex), on Saturday surged 213.71 points or 0.73 percent in the early session ahead of the Union Budget presentation by Finance Minister Arun Jaitley in parliament at 11:00 am. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.85 points or 0.64 percent up at 8,901.45 points. The Sensex of the ...
Read More »Sensex down 69 points; auto stocks plunge as car firms increase prices
Sensex, the benchmark index of Indian equities markets on Monday was trading 69.28 points or 0.25 percent down as auto stocks plunged in the backdrop of car prices going up this month onwards. Good buying was observed in fast moving consumer goods (FMCG) sectors, while selling pressure was seen in the auto, metal and oil and gas sectors. The 30-scrip ...
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